Stone Paper Market Size, Share & Trends Analysis Report By Application (Packaging Papers, Labeling Papers, Self-adhesive Papers), By Region, And Segment Forecasts, 2020 - 2028

Report Overview

The global stone paper market size was estimated at USD 785.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2028. High demand for stone paper attributed to its sustainability and aesthetic quality from the paper packaging industry is one of the major factors driving the market. The temporary halt in manufacturing activities across various countries due to the pandemic led to disruptions in the product supply chain. In addition, manufacturers struggled to make changes in the operations to follow the norms of social distancing, leading to more disruptions and slowdowns throughout.

The product demand spiked owing to massive demand from personal care and hygiene and food packaging due to changing consumer lifestyles during the pandemic. However, supply chain disruptions led to a shortage of raw materials across the globe, which adversely impacted the market for stone paper. The presence of highly advanced packaging industry is anticipated to fuel the demand for stone paper in the U.S. Presence of established manufacturers such as Ball Corporation, International Paper, and Sealed Air is anticipated to further expand the packaging industry in the U.S., and thus promoting the market in the country.

The presence of several raw-material suppliers in the market coupled with an increasing trend to adopt eco-friendly substitutes to conventional paper is expected to open growth avenues for the new participants in the market for stone paper. Though the product is expensive than conventional paper, high demand for recyclable and eco-friendly products is expected to encourage new market entrants.

Bolstering global trade due to advanced e-commerce platforms is expected to boost the demand for sustainable packaging products including paper bags and cardboard boxes made from stone paper. This is expected to add immense opportunities to the market for stone paper over the forecast period.

Application Insights

The packaging paper application segment led the market for stone paper and accounted for the largest revenue share of about 45.0% in 2020. This can be attributed to the rising demand for sustainable materials for packaging applications. The product combines advantages of both traditional paper and plastic which is likely to offer increasing opportunities in packaging applications.

Advancement in labeling technologies is likely to enhance the product demand across the globe. The expansion of online marketing platforms has introduced consumers to a vast variety of products. This necessitates the demand for advanced and attractive labeling for products and progress made in labeling technologies are anticipated to enhance the demand for stone paper.

Increasing demand for self-adhesive stone papers can be attributed to the need for the improvement of aesthetic characteristics of food and beverages packaging brands. In addition, high demand from the building and construction sector, owing to its easy installation, wide availability of choices, and 3D and 2D appearances are expected to boost the market growth.

The market has been witnessing an increase in demand for industrial mold and cast structures, personal use, and commercial applications including CD envelopes, boxes, shoe boxes, pharmaceutical envelopes, pharmaceutical boxes, jewelry boxes, household goods boxes. This can be attributed to its aesthetic look, waterproofing, toughness, and eco-friendly nature.

Regional Insights

Asia Pacific dominated the stone paper market and accounted for the largest revenue share of about 48.0% in 2020, owing to increasing demand from paper and packaging applications. This can be attributed to the minimal environmental impact of the product as it helps in eliminating a huge amount of water consumption, reduces carbon dioxide emission, and prevents deforestation activities.

The rise in product demand in North America can be ascribed to the increasing investment in research and development activities aiming to develop sustainable products with advanced features. The need for high-quality materials for packaging applications is considered a key factor driving product demand.

The presence of multiple established manufacturers of paper and packaging materials in Germany, the U.K., Italy, and France is likely to enhance the demand for stone paper in coming years. Multiple manufacturers have started employing non-wooden materials and plastic alternatives for manufacturing processes which is likely to drive the market for stone paper.

China has a strong foothold in the industry with the presence of key players such as Shenzhen Stone Paper Enterprise Ltd., Changzhou Ji Li Paper Industry Co. Ltd, and Guangzhou Myhome Wallpaper Co. Ltd. located in the country. Growing product applications in stationery, leaflets, posters, bags, packaging, books, magazines, wallpapers, plates, and containers is expected to further drive the market growth.

Key Companies & Market Share Insights

Prominent manufacturers have been adopting various strategies to enhance their presence and to cater to the changing requirements of application industries. For instance, Stone Paper® uses paper-life cycle technology as an interim solution for waste products at every stage of its product manufacturing. This reduces the stress on landfills and helped the company to develop goodwill in the market.

Key industry participants are focusing on the introduction of advanced, durable, tear-resistance, and waterproof alternatives to conventional papers. For instance, TBM Co., Ltd. under its LIMEX brand produces High-performance Masterbatch (HPM) and plastics products made from stone paper which is used to produce various stationery products and bag carriers. Some of the prominent players in the stone paper market include:

• The Stone Paper Company

• Guangzhou Myhome Wallpaper Co. Ltd.

• AM Packaging Company Limited

• Shenzhen Stone Paper Enterprise

• Kapstone

• Taiwan Longmeng Composite Materials Co., Ltd.

• STP STONE PAPER GmbH

• Stone Paper

• TBM Co., Ltd

• Pishgaman Sanat Sabz Co.

• Sphera International

• Anydesignsrl

Stone Paper Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global stone paper market report on the basis of application and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Packaging Papers

  • Labeling Papers

  • Self-adhesive Papers

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa