Market Synopsis
Market Research Future (MRFR) postulates that the global stone paper market is estimated to project a stellar CAGR during the forecast period (2023-2030). The accelerating demand for stone paper from the packaging industry is likely to favor the market growth. Stone paper is a kind of extremely durable, ecofriendly, and highly strong paper which is also referred to as rock paper. It can be recycled and reformed into stone paper again which is not recyclable but is compostable and photo degradable under commercial conditions. These kinds of paper are perfect for bags, packaging, wrappers, stationery, grease proof paper, adhesives, and containers. This new type of paper technology allows it to be recycled in high polymer interface.
Global Stone Paper Market: Segmental Analysis
The global Stone Paper Market has been segmented on the basis of material and application.
By mode of material, the global stone paper market has been segmented into calcium carbonate, high-density polyethylene, and others.
By mode of application, the global stone paper market has been segmented into packaging paper, labelling paper, self-adhesive paper, and others. Among these, the packaging paper application is likely to command the major share in the global market due to the surging concerns regarding the environment owing to the use of plastics. Consumers are thereby preferring to opt for paper-based packaging which has triggered the demand for stone paper in packaging application.
Market Potential and Pitfalls
The surging packaging industry due to the need for high-quality and effective labelling and improve the aesthetics of the packaged products, the stone paper is in high demand across the globe. The increasing application scope of stone paper in labelling, packaging, and self-adhesive paper due to ecological impacts with regards to usage of water, energy, deforestation, and carbon emissions, the stone paper market is in high demand. High investments in R&D and development of new products in manufacturing techniques are some of the major strategies adopted by the manufacturers which further contribute to the market’s growth across the globe.
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With the growth in retails and e-commerce sectors, the packaging scope has widened, further influencing the growth of stone paper market. The presence of a substantial number of suppliers has propelled the market’s growth worldwide. As stone paper enables to enhance the aesthetic properties of the products which are required to be packed, besides offering an eco-friendly and economical solution, the stone paper market is likely to flourish across the globe. Moreover, the growing concern of the consumers associated with the pollution caused by plastic packaging has enabled the market to reach out to a wider segment of audience.
Stone paper market faces issues related to the environmental mandates on mining activities, which is further expected to hinder its growth globally. The easy availability of substitutes is also predicted to vitiate the market growth throughout the appraisal period.
Regional Insights
Geographically, the Stone Paper Market Competitive Trends span across regions namely, North America, Europe, Asia Pacific, and Rest-of-the-World (ROW).
Considering the global scenario, the Asia Pacific region is likely to command the largest share in the global market. The region is predicted to retain its pole position owing to the accelerated growth of the e-commerce platforms, organized retails, and rapidly surging economies. With the rising disposable income, low cost of production, and a surging middle-class population, the demand for stone paper has triggered in this region. Moreover, the easy availability of raw materials has triggered its demand.
North America is likely to exhibit a significant growth rate during the appraisal period due to the constant advancements in technology in this region. Also, the continuous support from the government and environmental organizations has spurred the market growth.
The European region is estimated to gain prominence in the next couple of years owing to the surging demand from the packaging industry in economies like Germany, Russia, Italy, France, and the U.K. New product launch, technological advancements, and surging global presence of market players in this region has contributed to its growth.
Industry Updates
February 04, 2019: Exclusively made from stone paper, the RockBook Erasable Notebook Bundle comprises six RockBoards and two RockBooks which can be used over and over again. These eco-friendly, ingenious, notebooks feature paper made from stone, which results in a completely smooth writing experience with waterproof, mothproof, and tear-resistant.
Competitive Dashboard
The prominent players operating in the global stone paper market comprises Stone Paper Company Ltd., Kapstone Paper, Gaia-Concept BV, Taiwan Lung Meng Technology Co. Ltd., Sòluz Stone Paper S.A., Packaging Corporation, and Parax Paper.
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