The global stone paper market size is expected to reach USD 1,385.28 million by 2032, according to a new study by Polaris Market Research. The report “Stone Paper Market Share, Size, Trends, Industry Analysis Report, By Application (Packaging Papers, Labeling Papers, Self-Adhesive Papers, and Others); By Material Type; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increase in the need and demand for major key applications, including labeling, self-adhesive paper, and packaging, and the continuous rise in the investment in R&D of advanced manufacturing and production techniques while utilizing calcium carbonate and many other organic compounds are key factors driving the market growth. In addition, the growing adoption of stone paper as an effective alternative paper composition because of the increasing deforestation concerns and government support and efforts towards using stone paper over traditional paper are further influencing the global market growth and creating significant opportunities for the coming years. For instance, in January 2022, JK Paper had a new production line for its packaging board at its Unit-CPM in Gujarat. This will add 1,70,000 TPA capacity of the “Virgin Fiber Board,” and its board capacity is expected to reach 7,61,000 TPA.
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The emerging trend of using a combination of calcium carbonate with HDPE, which helps in high durability and strength, is highly preferred by many manufacturing companies. Additionally, the growing pollution levels across the globe are compelling various large companies to adopt new and more eco-friendly and sustainable processes for their product manufacturing and trying to encourage more and more consumers to prefer and buy green products instead of synthetic ones.
Monoculture plantations avail the food fiber for pulp, which is widely used in designing paper that negatively influences the ecology of forests since using stone paper as an effective substitute is critical in addressing this issue. In recent years, the growing popularity and traction of paper packaging products originating from natural sources rather than water or chemical amalgamation are being largely chosen by various end-users or application industries, particularly for food & beverage, cosmetics, and healthcare industry.
Stone Paper Market Report Highlights
Polaris Market Research has segmented the stone paper market report based on application, material type, and region:
Stone Paper, Application Outlook (Revenue - USD Million, 2018 - 2030)
Stone Paper, Material Type Outlook (Revenue - USD Million, 2018 - 2030)
Stone Paper, Regional Outlook (Revenue - USD Million, 2018 - 2030)