Global Specialty Paper Market Projected to Expand over Next Five Years

Research and Markets, Dublin, Ireland, has announced the addition of the Global Specialty Paper Market 2015-2019  report to its offering. The global specialty paper market is projected to grow at a CAGR of 3.28% over the period 2014-2019. 

This report covers the current scenario and growth prospects of the global specialty paper market for the period 2015-2019. To calculate the market size, in terms of volume, the report considers the consumption of specialty papers by different end-use applications. The report includes the market segmentation based on types of end-use applications, types of specialty papers, and geography. The report includes a discussion of key vendors operating in this market.

 

Corporations are investing large sums of revenue in R&D to come up with innovations in the manufacturing of specialty paper. Machinery and converters for label, paper, and substrates processing, and skilled manpower are used to manufacture specialty paper. The technology adoption starts right from the manufacturing process to the selection of raw materials to be processed to suit customers' requirements.

 

According to the report, an increase in disposable income combined with a rising middle-class population in emerging markets leads to the increase in consumption of packaged food, giving rise to high demand for packaging applications, which, in turn, creates demand for specialty paper. Surges in the adoption of paper-based flexible packaging papers are also expected to fuel the growth of the market during the forecast period.