The global stone paper industry is expected to reach USD 22.88 billion by 2022 owing to the rising demand from key application segments, such as packaging, labeling, and self-adhesive paper. The growing application scope of the product in the aforementioned segments is attributed to the minimal environmental impacts, with regards to usage of water and energy, carbon emissions, and deforestation.
Packaging is the major application segment for the product, globally. The other key applications include labeling and self-adhesive paper. With the rapid growth in industries such as packaging, education, corporate and government firms, among others, there has been a considerable increase in demand for labeling and self-adhesive paper for labeling applications. These applications are integral to aesthetics enhancement, archiving, documentation, and several other processes in the aforementioned end-user segments.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/stone-paper-market
Further key findings from the report suggest
·
Globally, packaging and self-adhesive paper
segments are expected to witness significant growth during the forecast period,
growing at CAGRs of over 4% during the forecast period; this rapid growth can
be attributed to rapidly growing demand for eco-friendly packaging and labeling
solutions for various products, driven by rising consumer awareness regarding
deforestation and use of plastics, globally.
·
Asia Pacific dominated the industry in 2015 with
an estimated revenue of over USD 7 billion; this regional market is projected
to grow significantly over the coming years owing to growing middle-class
population, increasing disposably incomes, and rising consumer awareness
regarding the negative impacts of pulp-based paper manufacture and the use of
plastics.
·
In the Asia Pacific region, the packaging
segment is expected to grow at a CAGR of over 5% in terms of volume. Rising
consumer awareness regarding the benefits of the product over its counterparts
coupled with low environmental impact is expected to drive demand over the
forecast period.
·
The regional market is dominated by China; the
market is expected to witness volume growth at a CAGR of over 5% during the
forecast period. China was one of the largest producer and consumer of the
product in 2015. This trend is expected to continue over the forecast period
owing to robust industrial policies as well as developing end-use markets.
·
Key participants in the industry include Stone
Paper Company Ltd., Soluz, KapStone, Parax Paper, and Taiwan Lung Meng
Technology Co. Ltd., among others. In recent years, new product developments
have been the major growth strategy adopted by key players for strengthening
their positions in the global market.
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Grand View Research has segmented the global stone paper market on the basis
of application and region:Application Outlook (Volume, Kilo tons; Revenue, USD Million; 2013 - 2024)
·
Paper packaging
·
Labeling paper
·
Self-adhesive paper
·
Others
Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 -
2024)
·
North America
o
U.S.
o
Rest of North America
·
Europe
o
UK
o
Germany
o
Rest of Europe
·
Asia Pacific
o
China
o
India
o
Japan
o
Rest of Asia Pacific
·
Latin America
o
Brazil
o
Rest of Latin America
·
Middle East & Africa
o
South Africa
o
Rest of Middle East & Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-stone-paper-market
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