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Specialty Paper and Paperboards Market: Overview

Though there is no set distinction between paper and paperboard, the latter (single- or multi-ply) is normally thicker in comparison. Specialty paper and paperboards require distinct and elite raw materials and have similar applications.

Specialty papers are usually employed in applications with representative values (such as cheques, money, vouchers, and security papers, as well as in packaging (wrapping paper and wallpaper), construction (construction paper, paper engineering, and composite materials) and others (such as litmus paper, blotting paper, and electrical insulation paper).

Specialty paperboards are usually utilized as cardboard boxes for packaging and drawing boards for students in faculties such as the arts, architecture, and engineering and also as sign boards in advertising and hard board covers for books, magazines, and notebooks. They are used to manufacture containers, cartons, and trays employed to serve food as well as store medicines, food, and dairy products.

Specialty Paper and Paperboards Market Trends

Packaging applications hold a major share in the specialty paper and paperboards market, followed by printing and graphics. Consumption has been observed to be related to economic trends (GDP). The industry requires extensive investments, which is why a few prominent players usually dominate the market in a region.

The usage of digital media has increased for marketing and advertising purposes since it offers exposure to a large population and is economical and environment friendly. A major cause of deforestation is the requirement of paper, which can be lessened by using digital media. This can be considered as a constraint for the market for specialty paper and paperboards.

Retail sector, an ever-growing and organized market, has resulted in an amplified demand of food & beverages and other consumer care products. The number of supermarkets and hypermarkets is also increasing. These factors are expected to be the drivers for the market for specialty paper and paperboards.

Specialty Paper and Paperboards Market Segmentation

Based on product, the specialty paper market can be segmented into the following divisions: waterproof paper, cotton paper, craft paper, tracing paper, medical grade paper, cigarette paper, and others. In terms of raw materials, the market can be divided into the following categories: additives, fillers, binders, pulp, and others. List of applicationss includes packaging, medical, construction, security, insulation, decoration, and others.

By product, the specialty paperboard market can be split into the following segments: drawing board, specialty cardboard box, containers & cartons, and others. The type-based groups are virgin boards and recycled boards, while applications include the arts, printing & graphics, packaging, food service, pharmaceuticals, and others.

Specialty Paper and Paperboards Market: Region-wise Outlook

The market for specialty paper and paperboards is dominated by Europe, followed by North America, in terms of consumption due to its wide variety of industry applications, easy availability, and increasing disposable incomes of consumers. In North America, the U.S. constitutes a major share in the market. In recent years, the market has expanded and this trend is likely to continue. Asia Pacific is anticipated to develop at a higher rate in comparison to other regions. Increasing population and industrialization in the region is projected to be a major factor for increasing demand for specialty paper and paperboards here. Countries such as China, Indonesia, and India are likely to witness substantial growth.

Specialty Paper and Paperboards Market: Key Players

Key players operating in the specialty paper and paperboards market include The Paper Mill Store Inc., PAPERWORKS, Carthage Specialty Paperboard, ITC-PSPD, Voith, Speciality Papers Ltd., Dow Chemical Company, SNP Inc., Turners Falls Paper, and Mantrose-Haeuser Co. Inc. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Specialty Paper Paperboards Market

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