Stone Paper Market Is Anticipated To Enhance The Demand Growth By 2028
Stone Paper Industry Overview
The global stone paper market size was estimated at USD 785.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2028. High demand for stone paper attributed to its sustainability and aesthetic quality from the paper packaging industry is one of the major factors driving the market. The temporary halt in manufacturing activities across various countries due to the pandemic led to disruptions in the product supply chain. In addition, manufacturers struggled to make changes in the operations to follow the norms of social distancing, leading to more disruptions and slowdowns throughout.
The product demand spiked owing to massive demand from personal care and hygiene and food packaging due to changing consumer lifestyles during the pandemic. However, supply chain disruptions led to a shortage of raw materials across the globe, which adversely impacted the market for stone paper. The presence of highly advanced packaging industry is anticipated to fuel the demand for stone paper in the U.S. Presence of established manufacturers such as Ball Corporation, International Paper, and Sealed Air is anticipated to further expand the packaging industry in the U.S., and thus promoting the market in the country.
Gather more insights about the market drivers, restrains and growth of the Global Stone Paper market
The presence of several raw-material suppliers in the market coupled with an increasing trend to adopt eco-friendly substitutes to conventional paper is expected to open growth avenues for the new participants in the market for stone paper. Though the product is expensive than conventional paper, high demand for recyclable and eco-friendly products is expected to encourage new market entrants.
Bolstering global trade due to advanced e-commerce platforms is expected to boost the demand for sustainable packaging products including paper bags and cardboard boxes made from stone paper. This is expected to add immense opportunities to the market for stone paper over the forecast period.
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Stone Paper Market Segmentation
Grand View Research has segmented the global stone paper market on the basis of application and region:
Stone Paper Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Packaging Papers
- Labeling Papers
- Self-adhesive Papers
- Others
Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies profiled:
Some prominent players in the global Stone Paper market include
- The Stone Paper Company
- Guangzhou Myhome Wallpaper Co. Ltd.
- AM Packaging Company Limited
- Shenzhen Stone Paper Enterprise
- Kapstone
- Taiwan Longmeng Composite Materials Co., Ltd.
- STP STONE PAPER GmbH
- Stone Paper
- TBM Co., Ltd
- Pishgaman Sanat Sabz Co.
- Sphera International
- Anydesignsrl
Order a free sample PDF of the Stone Paper Market Intelligence Study, published by Grand View Research.
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