The global Stone Paper Market is expected to reach USD 26.53 Billion by 2028, according to a new report by Reports and Data. This can mainly be associated with the growing packaging and labeling industries. Moreover, the emergence of e-commerce, owing to the penetration of the internet will also fuel the growth of the market. Increasing concerns regarding deforestation are giving way to innovations and advancements in the paper and pulp industry.
The increasing investment in R&D for the development of advanced manufacturing techniques using calcium carbonate and other similar organic compounds is expected to be a key driver promoting the growth of the market.
Some of the dominant and influential players in the Stone Paper market are:
Shenzhen Stone Paper, TETHIA Group, Taiwan Lung Meng, Panjiang Dragon, The Stone Paper, Mobile Internet, Shanxi Uni-moom, KISC, Liaoning Shenmei, TBM, STP, and Parax Paper, among others.
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For the purpose of this report, Reports and Data have segmented global stone paper market on the basis of product type, material used, distribution channel, application, and region:
Product type Outlook (Volume, Kilo tons; 2020-2028 and Revenue, USD Billion; 2020-2028)
Rich Mineral Paper Double Coated Stone Paper (RPD)
Rich Mineral Board Double Coated Stone Paper (RBD)
Material used Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
High-density Polyethylene (HDPE)
Distribution Channel used Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
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Applications Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Billion; 2020-2028)
The report covers and elucidates how the market fares in the different regions of the world; the regions included in this study are:
Middle East and Africa
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Further key findings from the report suggest:
The market is segmented on the basis of product type into rich mineral paper double coated stone paper (RPD) and rich mineral board double coated stone paper (RBD)
The powder segment dominated with ~40% of the market share in 2020.
The market is segmented on the basis of material used into calcium carbonate and high-density polyethylene [HDPE].
The calcium carbonate segment dominated with ~60% of the market share in 2020.
The key challenge faced by the industry is the extraction of calcium carbonate, due to the environmental regulations on mining activities in many regions. This may hinder the growth of the segment.
The market is segmented on the basis of distribution channel into direct sales, online and retail sales.
The market is segmented on the basis of applications into paper packaging, labeling paper, and self-adhesive paper.
The self-adhesive paper segment is anticipated to witness the highest growth rate of 5.0% during the forecast period, attributed to the rising consumer awareness regarding deforestation and use of plastics, globally.
The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America, and MEA….Continued
Major selling points of this research report:
Gives the reader a holistic comprehension of the global market.
Identifies the recent trends and estimated growth rate for the forecast duration.
Helps industry experts, investors, and other participants implement lucrative expansion approaches.
Provides accurate market insights to take informed decisions through presentations and other tools.
Outlines the competitive landscapes with the individual market share of top vendors.
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Also, the customizations are available for this report and can be availed by the purchaser. The customizations can be made on the basis of the selected regions or participants.
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