Increasing standards of living, urbanization, and changes in consumer behavior is intensifying the need for products that comprises of specialty papers. The specialty paper is considered as one of the niche segment of the paper industry. Specialty papers are superior grades of paper which are manufactured or converted subsequently for a specific use. These specialty papers have specific features and properties and requires competencies within the design, print technologies, and specialized know-how about paper along with impregnation techniques. For manufacturing specialty paper, it principal materials includes wood pulp, fibers, composites and nano based materials, fed into the machine and with the help of chemicals it is converted into specialty paper for a specific end users.
Specialty Paper Market: Drivers & Restraints
The key driver contributing to the growth of the global specialty paper market is its increasing usage in the E-technology. The growing acceptance of the online shopping in both developed and developing regions, is likely to push the demand for global specialty paper market. Also, acceleration in the global industrial output, along with increase in the consumer expenditure on packed goods across the globe, and demographic drifts such as increase in the number of urban population is further going to drive the market for specialty paper market. Green related issues are another major factor contributing the development in the global specialty market. The availability and high cost of the raw materials is a major constraint in the global specialty paper market.