San
Francisco, 02 April , Stone Paper Market
Analysis By Application (Paper Packaging, Labeling Paper, Self-adhesive Paper)
And Segment Forecasts To 2024
The global stone paper industry is
expected to reach USD 22.88 billion by 2024 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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Research Report On Stone Paper Market Analysis:
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
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-stone-paper-market
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View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
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