The market for stone paper is currently valued at US$ 4.09 billion in 2022, and it is anticipated to grow at a modest CAGR of 5.7% over the course of the forecast period to reach US$ 7.11 billion by 2032.
The escalation in packaging industry attributed by need for effective labelling and high-quality option, to improve the aesthetics of the packaged product. Stone paper is appropriate for packaging, bags, stationery, wrappers, adhesives, grease proof paper, containers and many other applications. Stone paper market has positive outlook as a result of packaging industries.
The new product development along with investment in R&D for the advancement in manufacturing techniques have been the major strategy adopted by the manufacturers. The major issues faced by the industry are related to environment regulation on mining activities. The market is highly competitive owing to the presence of large number of suppliers worldwide.
Density range of stone paper is 1.0-1.6, which equals to or more than ordinary paper, and a texture somewhat like peel of a boiled egg. The stone paper can be recycled re-formed into stone paper again, which is not recyclable but is photo degradable and compostable under commercial conditions.
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Global Stone Paper Market: Dynamics
Stone paper is a new type of paper making technology that can be recyclable with modern technology in high polymer interface. Its main raw material is the most abundant in mineral resources calcium carbonate with high polymer material and variety of inorganic matter as auxiliary material. The increasing application scope of the product in the packaging, labeling, and self-adhesive paper is attributed to the slight ecological impacts, with regards to usage of energy, water, carbon emissions, and deforestation.
Global Stone Paper Market: Regional Overview
Due to technology advancement in North America, this region is expected to witness higher growth rate during forecast period. Europe is also expected to account for second highest growth after North America due to demand of packaging application in European countries such as Russia and Germany. Asia pacific, dominated by China is expected to register highest growth in term of volume in global stone paper market during forecast year due to high demand of ecofriendly packaging, easy available raw material in this region, low cost of production and large numbers of manufacturers.
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Global Stone Paper Market: Key Players
The main player of this market such are Stone Paper Company Ltd, Sòluz Stone Paper S.A, Kapstone Paper, Taiwan Lung Meng Technology Co. Ltd., Gaia-Concept BV, Parax Paper, packaging corporation.
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The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Stone Paper Market: Segmentation
The global market of stone paper market can be segmented on the basis of material type, application and region.
On the basis of material
On the basis of application
On the basis of region
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Mar 27, 2023
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