PUBLISHER: DataM Intelligence | PRODUCT CODE: 1208695
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1208695
The global writing and printing specialty paper market was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% within the forecast period (2022-2029).
Printing and writing papers have different compositions of fibers and coatings due to their use in specialized applications. Printing and writing papers are mainly used for magazines, newspapers, catalogs, notebooks, stationery, industrial, business forms, copying and digital printing.
Specialty paper provides better moisture retention and hygiene, making it the ideal packaging material in the food, beverage, lifestyle, and cosmetics sectors. The major factors driving the growth of the global writing and printing specialty paper market include the growing rise of global e-commerce activities. The volatility in the supply of raw materials is a key challenge for the growth of the global market.
The rise in global e-commerce activities drives the writing and printing specialty paper market.
The rise in global e-commerce activities drives the writing and printing specialty paper market
The proliferation of cheap internet data services has led to a corresponding boom in global e-commerce activities, especially in developing countries. A wide range of choices, fast shipping times, ease of use and convenience are some of the major advantages of e-commerce, leading to an increase in its global popularity.
The tremendous growth of e-commerce in recent years has increased the demand for writing and printing paper. Printing paper is mainly required for the packaging and labeling of delivery goods. The demand is expected to grow significantly in the next few years due to increased home delivery services and further regional expansion of e-commerce companies.
The fastest-growing writing and printing specialty paper segment is consumer goods, holding the most significant share of the e-commerce sector. In effect, well-designed and attractive labeling of products increases consumer appetite and acts as a major advertising and marketing tool for the company. The growing technological advancements in rope making have become a key driver for the growth of the global writing and printing specialty paper market.
High costs hamper the growth of the writing and printing specialty paper market
Writing and printing specialty paper is a type of paper used for specific applications such as writing, printing and other specialized uses. Its papers are often made from higher-quality materials and are manufactured to meet specific technical specifications. However, these specialized papers can be expensive, leading to high costs for manufacturers and consumers.
One of the main factors contributing to the high cost of writing and printing specialty paper is the cost of raw materials. Its papers are often made from higher-quality fibers such as cotton, linen or hemp, which are more expensive than the wood pulp commonly used in producing standard papers. Additionally, the manufacturing process for writing and printing specialty paper is often more complex and labor-intensive, contributing to higher costs.
Another factor contributing to the high cost of writing and printing specialty paper is the cost of research and development. Manufacturers of these papers often invest a significant amount of money in research and development to develop new technologies, materials and manufacturing processes; this can add to the overall cost of the paper.
COVID-19 Impact Analysis
The COVID-19 pandemic has significantly impacted the Writing and Printing Specialty Paper market. The effects of the pandemic have been felt across the entire economy and the writing and printing specialty paper market is no exception.
One of the main ways in which COVID-19 has impacted the Writing and Printing Specialty Paper market is through supply chain disruptions. The pandemic has caused delays in producing and delivering raw materials and equipment needed for paper production; this has led to delays in completing paper production projects and increased costs as companies have had to pay more for expedited shipping and other logistics.
Another way in which the pandemic has impacted the Writing and Printing Specialty Paper market is through reduced demand. The economic downturn caused by the pandemic has led to decreased demand for writing and printing specialty papers as companies have had to reduce spending to stay afloat; this has led to a decrease in revenue for paper manufacturers and has made it more challenging for them to grow their businesses.
The pandemic has also reduced the number of skilled workers available to perform paper production and manufacturing. Due to travel restrictions, quarantine measures and other measures have been put in place to combat the spread of the virus. Furthermore, this has led to delays in completing paper production projects and increased labor costs.
The global writing and printing specialty paper market are segmented by product, raw material, application and region.
Printing paper has gained popularity in the writing and specialty market predominantly due to its higher smoothness and ability to hold various types of inks, giving it a richer color output.
Based on product, the global writing and printing specialty paper market is segmented into printing paper, carbonless paper, decor paper, packaging paper, functional paper, kraft paper and others. Printing paper holds a major share of the writing and printing specialty paper market.
Printer paper is simply paper designed for printing applications. There are six common product types available in the market: regular matte paper, glossy paper, bright white paper, photo paper, heavyweight paper and inkjet paper. Each type of printing paper offers different properties and uses different applications.
For instance, inkjet paper is commonly used in printer paper applications. Its papers are designed to work with smaller desktop printers, specifically inkjet printers. Furthermore, Inkjet printers use liquid toner instead of laser printers which work with a dry toner.
Regular matte paper is a common type of paper used to print documents and suits most basic print jobs, whereas glossy paper is the shiny stuff. Polymer is coated on a glossy paper that gives it that smooth shine and allows it to give a brighter color output that's more vibrant than regular paper. Glossy paper can be used to print photographs or vibrant images, but its lesser dry time than regular paper is the major disadvantage of the paper.
Printing paper has gained popularity in the writing and specialty market predominantly due to its higher smoothness and ability to hold various types of inks, giving it a richer color output. Furthermore, printing paper is a recyclable product with unique properties that make it ideal for specific applications such as the packaging of food products. A growing surge in business activities and resulting business transactional escalated the demand for the product globally.
North America is home to a major e-commerce industry, which has grown by leveraging well-developed regional logistics and the latest advances in information technology leads to boost the demand for writing and printing and specialty paper market in the region
The North American writing, printing and specialty paper market was US$ XX Million in 2021 and is expected to reach US$ XX Million by 2029, growing with a CAGR of XX% between 2022 and 2029. North America is a highly industrialized region at the forefront of various major industries, primarily due to U.S.
The region is home to a major e-commerce industry, which has grown by leveraging well-developed regional logistics and the latest advances in information technology. Some of the largest e-commerce companies, such as Amazon Inc., eBay and Etsy, are based in U.S. Major retailer brands such as Walmart and Target are also entering the e-commerce field to reach more customers and generate growth. Specialty paper is widely used in e-commerce, especially for labeling and packaging applications.
The usage of specialty paper for packaging in e-commerce has increased in recent years, mainly due to growing concerns regarding plastic waste. For instance, in November 2021, Amazon replaced plastic bubble wrap packaging with recycled paper for many items, including books, stationery and consumer goods. North America also has a major food processing industry producing many products.
Food processing companies and retailers are gradually adopting specialty paper for food contact packaging due to concerns about the health impact of plastic packaging. Specialty paper is also used for bulk and retail packaging of food products such as flour, sugar, tea and coffee powder. For instance, in early 2022, Amazon Fresh, the grocery retailer subsidiary of Amazon Inc., announced that it would utilize paper packaging for eggs, meat, poultry and frozen food products.
The global writing and printing specialty paper market are highly competitive with local and global key players. The key players contributing to the market's growth are Mitsubishi Hitech, Asia Pulp & Paper, Nippon Paper Industries Co., Ltd, Georgia-Pacific, WestRock Company, Ahlstrom-Munksjo, Oji Holdings Corporation, Stora Enso, ND Paper LLC, Pudumjee Paper Products among others.
The major companies are adopting several growth strategies, such as product launches, acquisitions and collaborations, contributing to the global growth of the writing and printing specialty paper market.
Overview: Stora Enso is a paper and biomaterials firm based in Finland. Its activities are organized into six categories: The Consumer Board segment provides high-quality virgin fiber carton board; the Packaging Solutions division provides fiber-based board materials and corrugated packaging products and services for a variety of applications; the Biomaterials division provides pulp grades to meet the demands of paper, board, tissue, textile and hygiene product manufacturers; and the Wood Products division provides innovative wood-based solutions for construction, window, door, packaging and deconsolidation.
Product Portfolio: Newsprint papers: Exo is a machine-finished (MF) advanced newspaper paper product family. Exo provides numerous benefits for advertising and extras in daily newspapers. You can produce better results with improved newsprint than ordinary newsprint with the proper settings and adjustments. Exo is an uncoated, machine-finished specialty paper with better brightness and bulk than conventional newspaper and a smoother surface. The increased brightness results in more repeatable colors and better print contrast. Exo has a weight range of 49-70 gsm. Coldset web offset (CSWO), high-speed web offset (HSWO) and inkjet printing. There are reels available.
End-use areas and applications: Specialty newspapers, Freesheets, Inserts, Magazines and Supplements.
The global writing and printing specialty paper market report would provide approximately 61 market data tables,61 figures and 211 pages.
Target Audience 2022
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