Stone Paper Market To Expand Industry Growth At USD 1.2 Billion By 2028


 San Francisco, 11 Oct 2021: The Report Stone Paper Market Size, Share & Trends Analysis Report By Application (Packaging Papers, Labeling Papers, Self-adhesive Papers), By Region, And Segment Forecasts, 2020 - 2028

The global stone paper market size is expected to reach USD 1.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2020 to 2028. Increasing concerns regarding extensive deforestation for wood procurement to synthesize wood pulp are expected to fuel the demand for alternatives such as stone paper over the forecast period.

The pulp and paper manufacturers are investing heavily to produce alternatives to wood-based paper products and are laying focus on the identification of environment-friendly and biodegradable options which is expected to boost product demand. Increasing the demand for sustainable packaging offers profitable opportunities for the stone paper manufacturers and the market. The market for stone paper is also expected to be driven by the growing adoption of stone paper for packaging application and the replacement of conventional wood-based paper.

The market is moderately competitive in nature owing to the consolidated presence of stone paper manufacturers across Asia Pacific and Europe. However, the market is highly influenced by trends in the production of limestone which is expected to emerge as an outline for the production of stone paper.

Access Research Report of Stone Paper Market @ https://www.grandviewresearch.com/industry-analysis/stone-paper-market

Stone Paper Market Report Highlights

  • The paper packaging segment is expected to witness the fastest CAGR of 5.5% from 2020 to 2028 in terms of revenue, owing to its sustainable nature and cost-effectiveness
  • The labeling paper application segment is expected to reach USD 213.2 million by 2028, owing to product cost-effectiveness and flexibility, coupled with high demand from the food and beverage sector
  • The market in North America is expected to witness a CAGR of 4.0% in terms of revenue over the forecast period, which can be attributed to increasing investment in research and development activities aiming at developing sustainable products with advanced features
  • Key industry participants are focusing on the introduction of advanced, durable, tear-resistance, and waterproof solutions to conventional papers. For instance, TBM Co., Ltd. under its LIMEX brand produces high-performance masterbatch (HPM) and plastics products made from stone paper used to produce various stationery products and bag carriers

List of Key Players of Stone Paper Market

  • The Stone Paper Company
  • Guangzhou Myhome Wallpaper Co. Ltd.
  • AM Packaging Company Limited
  • Shenzhen Stone Paper Enterprise
  • Kapstone
  • Taiwan Longmeng Composite Materials Co., Ltd.
  • STP STONE PAPER GmbH
  • Stone Paper
  • TBM Co., Ltd
  • Pishgaman Sanat Sabz Co.
  • Sphera International
  • Anydesignsrl

Access Press Release of Stone Paper Market @ https://www.grandviewresearch.com/press-release/global-stone-paper-market

 

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