October 08, 2021
According to the recent research report titled ‘Global Stone paper Market Size study by Application (Packaging Paper, Labelling Papers, Self adhesives paper, Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global stone paper market garnered a valuation of USD 785.5 million in 2020, and is expected to record 4.8% CAGR over 2021-2027, subsequently amassing USD 1090.62 million by the end of the forecast period.
Rising e-commerce sector, availability of an organized retail sector, and surging demand for the packaging & labelling services are the key factors driving global stone paper market growth. Moreover, growing awareness of chemical free paper products will offer new lucrative prospects for the market development.
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As per the figures from the United Nations Conference on Trade and Development (UNCTAD), global sales from the e-commerce industry surged to USD 26.7 trillion in 2019, up nearly 4% from 2018. Thus, rising e-commerce sales will boost product usage in the packaging of various types of materials, which will serve as a future catalyst for the stone paper sector.
For the uninitiated, stone paper is produced from calcium carbonate (limestone) and bio-polyethylene resin, which can be used in several alternatives.
Speaking of restraints, strict regulations imposed by the governments on mining activities are anticipated to act as a challenge for businesses in this domain.
Coming to regional scope, the key regions covered for the regional assessment of worldwide stone paper industry are Latin America, Europe, North America, and Asia Pacific. Of these, Asia Pacific presently holds considerable market share, creditable to surging demand from paper and packaging applications.
On the other hand, North America market is projected to observe significant growth over the next six years, owing to rising investment in research & development activities in an attempt to develop sustainable products with advanced features.
Elaborating on competitive landscape, Pishgaman Sanat Sabz Company, TBM Co. Ltd., Stone Paper Co. Ltd., STP Stone Paper Products GmbH, Taiwan Lung Meng Advanced Composite Materials Co. Ltd., Kapstone Paper & Packaging, Shenzhen Stone Paper Enterprise Ltd., AM Packaging Co. Ltd., and Guangzhou MyHome Wallpaper Co. Ltd. are the top firms impacting global stone paper market trends.