The Latin America, Middle East and Africa Stone Paper Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Packaging, labeling, as well as other cumulative applications utilizing poster displays generate steady revenue streams for suppliers and manufacturers. Since printers are always evaluating the unique features of stone paper, businesses are developing robust supply chains. As a result, information exchange has become an essential service for suppliers to boost client acceptance of stone paper. In addition, businesses are distributing high-quality material awareness information to increase product adoption.
The original color of stone paper is white; consequently, it does not require additional bleaching. Stone paper products also maintain their form over time due to their high density. The items are discarded and recycled according to protocol. Here, the stone paper is reconverted into calcium carbonate and transformed back into limestone. Stone paper is waterproof, resistant to grease, and washable due to its composition, and its texture resembles that of tissue paper.
The UAE seeks to recover 75% of municipal solid trash processed as part of its Green Growth Strategy. Federal Law No. 12 of 2018 focuses on developing an integrated system to manage garbage to increase private sector involvement and coordinate actions to reduce substantial environmental impacts. The law addresses the separation, collection, transportation, storage, reuse, recycling, treatment, and disposal of waste. MOCCAE (Ministry of Climate Change and Environment) has established garbage collection stations and a National Waste Management Database to aid in coordinating operations among emirates. The demand for sustainable packaging and the increasing efforts for waste management is anticipated to propel the utilization of stone paper due to being an eco-friendlier alternative for packing products, which will propel the market growth in the region.
The Brazil market dominated the LAMEA Stone Paper Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17.9 Million by 2028. The Argentina market is exhibiting a CAGR of 9.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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