What is Specialty Papers Market?
Specialty papers are the papers manufactured for some specific usage or applications. These are either manufactured separately, or normal paper is converted into specialty paper by coating it with a specialty paper and pulp chemicals and making it usable for a specific applications. The global specialty papers market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The increasing demand from packaging & labeling industry along with industrial applications is expected to be one of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Decor Paper, Release Liner Paper, Packaging Paper, Printing Paper and Others), by Application (Packaging & Labeling, Printing & Writing, Art & Craft, Industrial, Construction & Building and Others) and major geographies with country level break-up.
Georgia-Pacific LLC (United States), Kimberly-Clark Corporation (United States), Nine Dragons Paper Limited (Hong Kong), Nippon Paper Industries Co., Ltd. (Japan), Oji Holdings Corporation (Japan), Sappi Limited (South Africa), Stora Enso Oyj (Finland), Svenska Cellulosa AB (Sweden), The International Paper Company (United States), The Procter & Gamble Company (United States), The Smurfit Kappa Group plc (Ireland), UPM-Kymmene Oyj (Finland), WestRock (United States) and Weyerhaeuser Company (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Specialty Papers market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Specialty Papers market by Type, Application and Region.
On the basis of geography, the market of Specialty Papers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand from Packaging & Labeling Industry
- Growing Demand from Industrial Applications
- Increasing Trend of Innovative Designs in Building & Construction Sector
- Unavailability of Raw Materials
- Development Across Emerging Countries Generating New Expansion Opportunities for Market Vendors
- Infrastructural Challenges in Developing Nations
Stringent Government Regulations Regarding Shutting Down of Operations Across Different Sectors Worldwide Due to the COVID-19 Pandemic is Impacting the Demand for Specialty Papers Globally
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the global specialty papers market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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