This past week, Future Market Insights, Valley Cottage, N.Y., USA, released a new analysis and opportunity assessment examining the global specialty paper industry as far as the year 2025. According to the report, changes in consumer behaviors are intensifying the need for products that are comprised of specialty papers.

The key driver contributing to the growth of the global specialty paper market is increasing usage in e-commerce. The growing acceptance of online shopping in both developed and developing regions is likely to push the demand for specialty paper. Acceleration in overall global industrial output, along with an increase in the consumer expenditure on packed goods across the globe, as well as demographic drifts such as an increase in urban population, is expected to further drive the market for specialty paper.

On the basis of region, Europe (followed by North America) is anticipated to grow at a comparatively higher CAGR, as the market is escalated by factors including increasing disposable income, increasing specialty paper end-use application, and specialty paper's easy availability. The Asia Pacific region is expected to show the fastest growth in the global specialty market mainly due to increasing population growth, urbanization, industrial trends, and growing international trade in multiple countries in the region.

In the past few years, the global market has grown very much and this growth is projected to continue. Apart from regions, across all countries, the U.S. still holds the largest market share. The highest growth rates are expected in India, China, and Indonesia, along with regions such as Brazil, Mexico, South Africa, and Russia, are expected to show healthy growth in the near future.

Green related issues are major factors in further development of the global specialty market. The availability and high cost of the raw materials is a major constraint in the global specialty paper market.

Specialty papers are superior grades of paper manufactured or converted subsequently for a specific use. Specialty papers have specific features and properties and require competencies within the design, print technologies, and specialized know-how about pape, along with impregnation techniques.

On the basis of product type, the global specialty paper market for the purposes of this report is segmented into:   

• Décor papers
• Release and label
• Flexible packaging papers
• Pharmaceutical leaflet papers
• Others (abrasive backings, automotive, construction, kitchen worktops, furniture, and more).