The Asia Pacific Stone Paper Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Due to its extraordinary durability, stone paper is used to print maps, charts, field notes, manuals, and waterproof journals. Due to the expansion of e-commerce and organized retail, the market is anticipated to grow throughout the time under review. The Stone paper market is anticipated to increase as a result of an increasing number of research activities and investments in enhancing production techniques. Due to the rising need for certain papers in the packaging and labeling industries, the stone paper market is anticipated to present numerous prospects.
The necessity to create paper without deforestation is creating value-capture opportunities for stone paper market players. There is a growing appreciation for paper products that do not contain any water or chemicals. Stone paper is extremely water resistant. Hence, consumers in the decorative and metro advertising businesses favor this. In addition, stone paper companies are boosting the availability of products that are resistant to tearing and resemble plastic. As a result, stone paper's potential to be recycled is gaining favor in producing eco-friendly products. Manufacturers are blending recycled stone paper with virgin stone paper to attain this goal.
The growth of the Indian middle class, the rapid expansion of organized merchants, exports, and India's emerging e-commerce sector will likely contribute to the country's continued development. This has necessitated the development of environmentally friendly packaging that guarantees the highest quality with the lowest environmental impact. Much more businesses are embracing sustainable packaging and labelling strategies to reduce environmental damage. The nation has witnessed a change in consumer behavior due to customers modifying their purchasing patterns, mostly due to social responsibility, inclusion, and environmental effect considerations.
The China market dominated the Asia Pacific Stone Paper Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $157.8 Million by 2028. The Japan market is experiencing a CAGR of 5.6% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.9% during (2022 - 2028).
Based on Product Type, the market is segmented into Packaging Papers, Self-adhesive Papers, Labeling Papers, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Stone Paper Market is Projected to reach USD 1.2 Billion by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TBM Co., Ltd., Stone Paper Global Technologies Ltd., AM Packaging Company Limited, Shenzhen Stone Paper Enterprise Ltd., WestRock Company, Taiwan Longmeng Composite Materials Co., Ltd., STP Stone Paper Products GmbH, Sphera International, Pishgaman Sanat Sabz and The Stone Paper Company Limited.
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