Global Speciality Paper Market Report and Forecast 2024-2032

Global Speciality Paper Market Outlook

The global speciality paper market size reached a volume of 38.16 million metric tons in the year 2023. The market is further expected to grow at a CAGR of 5.5% between 2024 and 2032 to reach a volume of 61.77 million metric tons by 2032.

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The global speciality paper market is driven by the flourishing food and beverage industry globally. The Asia Pacific is the leading regional market for the product, invigorated by the changing lifestyle and inflating disposable income levels in the region. The industry is further aided by the rising sales of on-the-go food products, which is positively influencing the market growth of speciality paper.

Properties and Applications

Speciality paper is referred to as a special grade of paper which has specific properties and characteristics, designed for special uses such as printing currency notes, water filtration, packing beverages, and others. For instance, thermal paper has a coating over it, which ensures a clear and high-definition image when exposed to heat. Due to its properties, speciality paper finds applications in various industries like healthcare, packaging and labelling, construction, retail, and laundry care.

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The speciality paper market is segmented on the basis of type into:

• Label and Release 
• Printing 
• Flexible Packaging 
• Rolling 
• Décor 
• Banknotes and Security 
• Others

Among all of these, label and release papers account for the majority of the global market share of speciality paper.

On the basis of raw material, the industry is categorised into:

• Pulp
• Fillers and Binders
• Additives
• Coatings
• Others

At present, pulp exhibits the most common raw material.

On the basis of application, the industry is divided into:

• Packaging and Labelling
• Printing and Writing
• Industrial Use
• Building and Construction
• Food Service
• Others

Out of these, packaging and labelling dominates the market share. 

The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Market Analysis

The global speciality paper market is driven by the increasing demand for the product as a packaging material due to its enhanced moisture retention, hygiene, and pH levels, in several sectors such as lifestyle, food and beverage, and cosmetics. Moreover, the inflating disposable incomes have boosted the demand for high-quality packaging material, thereby providing impetus to the speciality paper market growth. 

The industry is further aided by the busy lifestyles of the population, which has increased the consumption rate of instant tea premix sachets, made of speciality paper. In addition to this, speciality paper is also used in the production of masking tapes that are used to mask off doorframes and walls. The market is spurred by the growing construction industry, particularly in the emerging economies, which has provided an impetus to the demand for masking tape.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global speciality paper market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• International Paper Company
• Stora Enso Oyj
• Nippon Paper Industries Co., Ltd.
• Mondi plc
• Sappi Limited
• ITC Limited
• Domtar Corporation
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report