Market Research Future (MRFR) published its latest report Specialty Papers Market 2020, states that across the review period (2017 and 2023), the global specialty papers market size can touch USD 28.7 Bn by 2023. The customization feature of specialty papers is the prime factor for the expansion of the speciality paper market. The easy availability of chemicals that converted normal paper into specialty paper can support its market expansion. MRFR findings reveals that the world specialty papers market can thrive at 5.7% CAGR on the conclusion of the assessment period. The prominent factors that boost the market are rise in the trend of online shopping and high for specialty paper in the cash rich food & beverages sector.
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On the analysis of the specialty papers market, MRFR designed the report that offers insights on factors that can affect the expansion of the market. Historical aspects and forecast revenue are evaluated to predict the market size. On observing the major players of the market, the report covers the competitive landscape and contribution of joint ventures. Mergers and acquisitions, research and developments (R & D), new product developments, and strategic alliances are studied to estimate the market potential.
The world specialty papers market segment study is based on raw material, application, and type. The application-based segments of the specialty papers market are packaging & labelling, printing and writing, building & construction, industrial, and others. The raw materials based segments of the specialty papers market are additives, pulp, fillers & binders, and others. The types based segments of the market are flexible packaging papers, release liner paper, décor paper, printing paper, masking tape, and others.
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Europe is known to head the world specialty papers market. The expansion of the F&B sector can prompt the rise of EU specialty papers market in the study period. Europe is likely to contribute considerably to the rise of the specialty papers global market revenue. France, the United Kingdom (UK), Germany, and Spain followed by the rest of Europe are potential producers of specialty papers. Thus, leading the regional market.
Through 2017 and 2023, the rise of the specialty papers market in Asia Pacific is expected to be highest. Urbanization is observed to produce several growth prospects, thus rise in demand for specialty papers can boost Asia Pacific specialty papers market growth. The specialty papers market in regions, such as China, South Korea, Japan, Malaysia, and India, followed by the rest of the APAC region. In North America, the specialty papers market can rise significantly due to moderate industrialization. Canada and the United States of America (USA) are leading the regional market. Modern technologies and firm tech base allow the smooth run of different industries, plus the high demand for specialty papers can prompt the market growth.
MRFR listed key players functioning in the specialty papers global market. They are Griff Paper and Film (USA), Domtar Corporation (Canada), Kanzaki Specialty Papers Inc. (USA), International Paper Company (USA), Munksjo Corporation (Sweden), Mondi Plc (Austria), Robert Wilson Paper Corporation (USA), Sappi Limited (South Africa), Nippon Paper Group, Inc. (Japan), and Stora Enso Oyj (Finland) among others. MRFR depended on industrial expertise, origin, product line, regional branches, and key innovations to identify these well-established specialty papers dealers. The report supplies indispensable data on the global market of specialty papers. Powers that influence the specialty papers market are elaborated and sustained by effective evidences, along with rational justifications. Key roles played by marketers that can define the specialty papers market progress are broadly explained in the report.
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