Lucintel’s latest market report analyzed that specialty paper provides attractive opportunities in the packaging & labeling, printing & publishing, building & construction, and industrial applications. The specialty paper market is expected to reach $35.6 billion by 2028 with a CAGR of 5.4%. In this market, kraft is the largest segment by product, whereas packaging & labeling is largest by application.
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Based on product, the specialty paper market is segmented into décor, thermal, carbonless, kraft, and others. The kraft segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing use of specialty paper in kraft owing to their porosity, flexibility, printability, and durability characteristics.
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The Specialty Paper Market is marked by the presence of several big and small players. Some of the prominent players offering specialty paper include Domtar, Glatfelter, Mondi, Sappi, Fedrigoni, and International Paper Company.
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