The stone paper market is segmented by application (packaging paper, self adhesive paper, labelling paper, and others), material (calcium carbonate, high-density polyethylene, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The stone paper market share will value over USD 1.94 billion by 2027
It is estimated to expand at a CAGR of 4.97% from 2022 to 2027
The stone paper market size will witness a YOY growth rate of 4.45% in 2023
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High Demand for Recyclable and Eco-friendly Products will Fuel the Market Growth
Plastics are non-biodegradable, as they are made from by-products of crude oil and natural gas. Vendors are constantly investing in minimizing waste and resources in manufacturing, creating efficient after-use disposal and recycling processes, and improving transport efficiencies. Consumers are opting for only sustainable packaging products and prefer eco-friendly packaging materials, such as stone paper. These trend will boost the demand for stone paper in the packaging industry during the forecast period.
Rising Concerns Over Deforestation to Drive Market Growth
Deforestation is a distinguished global environmental concern. Factors such as the expansion of heavy industries, the rising adoption of wood-based packaging, and increasing urbanization are contributing to deforestation. The decline in the availability of timber and stringent regulations on wood-based packaging globally will drive the stone paper market growth.
Stone Paper Market Vendors
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The shortage of raw materials are the major hindrance for market players
The stone paper market structure is fragmented in nature.
53% of stone paper market growth will develop from APAC.
The market growth by the packaging paper will be significant during 2023-2027 owing to the rise in need from various end-user industries, such as food and beverage and healthcare.