StonePaper Market: Introduction
TransparencyMarket Research delivers key insights on the global stone papermarket. In terms of revenue, the global stone paper market isestimated to expand at a CAGR of ~6% during theforecast period, owing to numerous factors regarding which TMR offers thoroughinsights and forecasts in its report on the global stone paper market.
The globalstone paper market is broadly affected by several factors such as rise indemand for ecofriendly products in the packaging industry and prevention ofdeforestation. Furthermore, several benefits associated with stone paper areanticipated to propel the global stone paper market in the near future.
Stone Paper Market: Dynamics
Theincrease in population across the globe has boosted the demand for rawmaterials such as minerals, fossil fuels, biomass, and natural or syntheticmaterials. This has adversely affected the environment, primarily biodiversity.Additionally, changes in Earth’s climatic condition has led to an increase inemission levels of carbon dioxide across the globe. Many countries have bannedthe use of plastic bags, single-use boxes, and dishes. The European Union aimsto build a society wherein single-use plastic packages are not used by 2030. Italso focuses on reusing as well as recycling all plastic packaging. This hascompelled producers operating in the packaging industry to seek biodegradablematerials and plastic alternatives.
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The rise inconsumer awareness about sustainable packaging has boosted the consumption ofecofriendly products and packaging materials. For instance, Etiket SchillerGmbH, a Germany-based label maker, has created a stone-based label for cosmeticbrands. Furthermore, increase in pressure from governments and growth inconsumer awareness about ecofriendly products in Europe have resulted inreplacement of single-use plastic-based products with paper-based substitutes.
Stone paperis waterproof, tear resistant, and environment-friendly. Its high durability isone of the qualities that makes stone paper useful in packaging applications.In comparison to traditional pulp paper, stone paper has the characteristics ofpaper and plastic. Hence, it is considered safe, green, non-toxic, andtear-proof alternative to its substitutes. Products packaged with stone paperremain durable under low temperatures. These are likely to drive the demand forstone paper across the globe in the near future.
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Stone Paper Market: ProminentRegions
The stonepaper market in Asia Pacific is expected to expand significantly during theforecast period, owing to the presence of major manufacturing firms in theregion. Additionally, rise in governmental pressure on lowering the consumptionof water is likely to drive the demand for stone paper in the near future inAsia Pacific. Large amount of water is not required for the production of stonepaper. The production process also helps prevent deforestation. This helps saveenergy.
The stonepaper market in Europe is projected to expand considerably during the forecastperiod. The rise in demand for ecofriendly products in the packaging industryin countries such as Germany, France, and the U.K., is fueling the demand forstone paper in the region.
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Stone Paper Market: Key Players
Majorplayers operating in the global stone paper market are Taiwan Lung MengAdvanced 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.
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