Stone Paper Market: Introduction
Transparency Market Research delivers key insights on the global stone paper market. In terms of revenue, the global stone paper market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global stone paper market.
The global stone paper market is broadly affected by several factors such as rise in demand for ecofriendly products in the packaging industry and prevention of deforestation. Furthermore, several benefits associated with stone paper are anticipated to propel the global stone paper market in the near future.
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Stone Paper Market: Dynamics
The increase in population across the globe has boosted the demand for raw materials such as minerals, fossil fuels, biomass, and natural or synthetic materials. This has adversely affected the environment, primarily biodiversity. Additionally, changes in Earth’s climatic condition has led to an increase in emission levels of carbon dioxide across the globe. Many countries have banned the use of plastic bags, single-use boxes, and dishes. The European Union aims to build a society wherein single-use plastic packages are not used by 2030. It also focuses on reusing as well as recycling all plastic packaging. This has compelled producers operating in the packaging industry to seek biodegradable materials and plastic alternatives.
The rise in consumer awareness about sustainable packaging has boosted the consumption of ecofriendly products and packaging materials. For instance, Etiket Schiller GmbH, a Germany-based label maker, has created a stone-based label for cosmetic brands. Furthermore, increase in pressure from governments and growth in consumer awareness about ecofriendly products in Europe have resulted in replacement of single-use plastic-based products with paper-based substitutes.
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Stone paper is waterproof, tear resistant, and environment-friendly. Its high durability is one of the qualities that makes stone paper useful in packaging applications. In comparison to traditional pulp paper, stone paper has the characteristics of paper and plastic. Hence, it is considered safe, green, non-toxic, and tear-proof alternative to its substitutes. Products packaged with stone paper remain durable under low temperatures. These are likely to drive the demand for stone paper across the globe in the near future.
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Stone Paper Market: Prominent Regions
The stone paper market in Asia Pacific is expected to expand significantly during the forecast period, owing to the presence of major manufacturing firms in the region. Additionally, rise in governmental pressure on lowering the consumption of water is likely to drive the demand for stone paper in the near future in Asia Pacific. Large amount of water is not required for the production of stone paper. The production process also helps prevent deforestation. This helps save energy.
The stone paper market in Europe is projected to expand considerably during the forecast period. The rise in demand for ecofriendly products in the packaging industry in countries such as Germany, France, and the U.K., is fueling the demand for stone paper in the region.
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Stone Paper Market: Key Players
Major players operating in the global stone paper market are Taiwan Lung Meng Advanced Composite Materials Co., Ltd., TBM Co., Ltd, Pishgaman Sanat Sabz, Shenzhen Stone Paper New Materials Co.,Ltd, Armen Paper, Sphera International, and Stone Paper Italia.
