Paper and packaging manufacturers are likely to face fluctuations in demand due to the coronavirus crisis, resulting from economic hardships faced by consumers, communities, and businesses. The ongoing period of economic uncertainty is anticipated to reduce customer appetite of products, thus causing potentially disruptive effects in production and revenue of the stone paper market. Hence, paper manufacturers must update their near and long-term forecasts, including updated assumptions to tide over uncertainties in business.
Many manufacturers in the stone paper market are finding it challenging to finalize their quarterly financial statements, owing to disruptions in operations. Analysts at the Transparency Market Research (TMR) opine that the COVID-19 pandemic might trigger long-lived asset impairments and liquidity issues. In order to overcome this, manufacturers should perform rigorous and forward-looking stress testing and sensitivity analysis of the cash flow statement and determine real-time visibility toward access for funding.
The stone paper market is expected to cross the revenue mark of US$ 1.3 Bn by the end of 2030. However, manufacturers are struggling to adopt sustainable and economic ways of producing stone paper. Thus, startups such as Karst Stone Paper are improving their R&D efforts to develop sustainable and high quality stone paper. Companies in the stone paper market are learning from such startups to expand their supply in local bookstores and stationery shops.
Consumers have become conscious about environment-friendly paper products. This has compelled manufacturers to adopt sustainable operations in order to gain a competitive edge over other manufacturers. The booming eCommerce sector is another market driver for revenue growth. Sustainably developed products are gaining visibility at trade shows, which helps to boost the uptake of stone paper products in printing, industrial, and diverse marketing applications.
The need to produce paper without cutting down trees is creating value grab opportunities for companies in the stone paper market. There is a growing awareness of paper products that are free from use of water and chemicals. Stone paper is highly resistant against water. Thus, this is being preferred by customers in decoration and metro advertising industries. Displaymanufaktur Hamburg GmbH— a packaging company in Germany, is gaining proficiency to manufacture stone paper according to the Cradle to Cradle principle.
Companies in the stone paper market are increasing the availability of products that are tear resistant and reminiscent of plastic. As such, the recyclability of stone paper is gaining popularity in the manufacturing of eco-solution products. In order to achieve this, manufacturers are combining recycled stone paper with virgin stone paper.
Reduced water consumption and decreased carbon dioxide (CO2) emissions are proving advantageous in stone paper production. This explains why the stone paper market is projected to register a favorable CAGR of ~6% during the assessment period. Companies in the stone paper market such as Pebble Printing Group— a company dedicated to accelerate the spread of rich mineral paper internationally, is expanding its services portfolio in packaging, printing, and research to gain a competitive edge over other market players.
Labelling, packaging, and other cumulative applications involving poster displays are creating stable revenue streams for manufacturers and suppliers. Companies are establishing robust supply chains, since printers are always testing unique properties of stone paper. As such, knowledge sharing has become an important service for suppliers to increase client acceptance toward stone paper. Companies are publishing high quality information about material awareness to boost product uptake.
The negative impact of climate change has led to the popularity of green products. Companies in the stone paper market such as Taiwan Lung Meng Advanced Composite Materials Co. has invested in R&D worth US$ 49.8 Mn to manufacture green products such as cups, notebooks, and shopping bags. Manufacturers in the stone paper market are striving to adopt eco-friendly practices. They are increasing the availability for high performance eco products to combat the issue of climate change. Thus, manufacturers are grinding waste marble into fine powder, which is then shaped into pellets before being stretched and cut repeatedly. Stone paper products are posing as a tough competition to the sales of pulp-based products. Cost efficient manufacturing of stone paper-based products is grabbing the attention of stakeholders in the packaging, marketing, and decoration industries.
The budget-friendly production of stone paper has intensified competition in the market. Webmart U.K.— a multichannel marketing company, is publicizing the importance of greaseproof and print convenience advantages of stone paper, which is gaining prominence in books, floor graphics, and tickets. Stone paper is helping to improve customer perception toward its enhanced weight and feel properties. Manufacturers are increasing their production capacities in stone paper bags, which is helping to reduce the sales of environment-damaging polythene bags.
Companies in the stone paper market are augmenting water-free manufacture and tear resistant advantages of this paper. They are increasing efforts to produce FDA (Food & Drug Administration) approved and phthalate-free stone paper, which is acquiring prominence in maps, calendars, and product labels. Environment-friendly properties of stone paper are aligning with the needs of eco conscious manufacturers.
The ever-growing flexible packaging industry is willingly accommodating stone paper in food & beverages and FMCG (fast moving consumer goods) packaging applications. Aesthetic qualities and sustainability of stone paper are being preferred by food companies. Companies in the stone paper market are expanding their supply chains for the production of heavy-duty bags, stand up pouches, and side gussets to broaden their revenue streams. Sustainable and eco-friendly attributes of stone paper are significantly reducing production waste and maximizing customer satisfaction. The digital printing technology is being used in stone paper box pouches to help products gain retail visibility.
Analysts’ Viewpoint
Careful consideration of cash, liquidity, and working capital strategies help companies to absorb future commercial shocks amidst the ongoing COVID-19 pandemic. Eco conscious clients are increasingly opting for stone paper-based products to boost their credibility credentials. However, there is a need for increasing research expenditure to develop innovative products for high performance FMCG and F&B packaging applications. Hence, companies should collaborate with experts, consultants, and professionals in the paper manufacturing industry to increase the availability of robust and innovative products. The flexible packaging industry in healthcare, cosmetics, retail non-food, and consumer goods is creating incremental opportunities for suppliers and manufacturers in the stone paper market.
Stone Paper Market: Overview
Attributes and Production Benefits of Stone Paper: Key Driver of Stone Paper Market
Increase in Usage of Stone Paper in Packaging & Decoration Application
Stone Paper Market: Competition Landscape
Stone Paper Market: Strategic Partnerships
Stone Paper Market – Segmentation
TMR’s research study assesses the global stone paper market based on application and region. The report presents extensive market dynamics and progressive trends associated with different segments and how they are influencing growth prospects of the global stone paper market.
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1. Executive Summary
1.1. Market Outlook
1.2. Key Facts and Figures
1.3. Key Trends
2. Market Overview
2.1. Market Segmentation
2.2. Market Indicators
3. Market Dynamics
3.1. Drivers and Restraints Snapshot Analysis
3.1.1.1. Drivers
3.1.1.2. Restraints
3.1.1.3. Opportunities
3.2. Porter’s Five Forces Analysis
3.2.1. Threat of Substitutes
3.2.2. Bargaining Power of Buyers
3.2.3. Bargaining Power of Suppliers
3.2.4. Threat of New Entrants
3.2.5. Degree of Competition
3.3. Regulatory Scenario
3.4. Value Chain Analysis
4. Price Trend Analysis, 2019-2030
5. COVID-19 Impact Analysis
6. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Analysis, by Application
6.1. Key Findings and Introduction
6.2. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
6.2.1. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Packaging & Decoration, 2019–2030
6.2.2. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Industrial, 2019–2030
6.2.3. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Printing, 2019–2030
6.2.4. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Marketing & Advertising, 2019–2030
6.2.5. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Others, 2019–2030
6.3. Global Stone Paper Market Attractiveness Analysis, by Application
7. Global Stone Paper Market Analysis, by Region
7.1. Key Findings
7.2. Global Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Region
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Latin America
7.2.5. Middle East & Africa
7.3. Global Stone Paper Market Attractiveness Analysis, by Region
8. North America Stone Paper Market Overview
8.1. Key Findings
8.2. North America Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.3. North America Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country
8.3.1. U.S. Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.3.2. Canada Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.4. North America Stone Paper Market Attractiveness Analysis, by Application
8.5. North America Stone Paper Market Attractiveness Analysis, by Country
9. Europe Stone Paper Market Overview
9.1. Key Findings
9.2. Europe Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.3. Europe Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) and Forecast, by Country and Sub-region
9.3.1. Germany Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.3.2. U.K. Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.3.3. France Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.3.4. Spain Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.3.5. Italy Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.3.6. Russia & CIS Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.3.7. Rest of Europe Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
9.4. Europe Stone Paper Market Attractiveness Analysis, by Application
9.5. Europe Stone Paper Market Attractiveness Analysis, by Country and Sub-region
10. Asia Pacific Stone Paper Market Overview
10.1. Key Findings
10.2. Asia Pacific Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
10.3. Asia Pacific Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region
10.3.1. China Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
10.3.2. India Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
10.3.3. Japan Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
10.3.4. ASEAN Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
10.3.5. Rest of Asia Pacific Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
10.4. Asia Pacific Stone Paper Market Attractiveness Analysis, by Application
10.5. Asia Pacific Stone Paper Market Attractiveness Analysis, by Country and Sub-region
11. Latin America Stone Paper Market Overview
11.1. Key Findings
11.2. Latin America Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
11.3. Latin America Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region
11.3.1. Brazil Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
11.3.2. Mexico Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
11.3.3. Rest of Latin America Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
11.4. Latin America Stone Paper Market Attractiveness Analysis, by Application
11.5. Latin America Stone Paper Market Attractiveness Analysis, by Country and Sub-region
12. Middle East & Africa Stone Paper Market Overview
12.1. Key Findings
12.2. Middle East & Africa Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
12.3. Middle East & Africa Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region
12.3.1. GCC Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
12.3.2. South Africa Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
12.3.3. Rest of Middle East & Africa Stone Paper Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
12.4. Middle East & Africa Stone Paper Market Attractiveness Analysis, by Application
12.5. Middle East & Africa Stone Paper Market Attractiveness Analysis, by Country and Sub-region
13. Competition Landscape
13.1. Competition Matrix
13.2. Global Stone Paper Market Share Analysis, by Company (2019)
13.3. Market Footprint Analysis
13.4. Company Profiles
13.4.1. Taiwan Lung Meng Advanced Composite Materials Co., Ltd.
13.4.1.1. Company Details
13.4.1.2. Company Description
13.4.1.3. Business Overview
13.4.2. TBM Co., Ltd
13.4.2.1. Company Details
13.4.2.2. Company Description
13.4.2.3. Business Overview
13.4.3. Pishgaman Sanat Sabz
13.4.3.1. Company Details
13.4.3.2. Company Description
13.4.3.3. Business Overview
13.4.4. Shenzhen Stone Paper New Materials Co.,Ltd
13.4.4.1. Company Details
13.4.4.2. Company Description
13.4.4.3. Business Overview
13.4.5. Armen Paper
13.4.5.1. Company Details
13.4.5.2. Company Description
13.4.5.3. Business Overview
13.4.6. Sphera International
13.4.6.1. Company Details
13.4.6.2. Company Description
13.4.6.3. Business Overview
13.4.7. Stone Paper Italia
13.4.7.1. Company Details
13.4.7.2. Company Description
13.4.7.3. Business Overview
14. Primary Research – Key Insights
15. Appendix
15.1. Research Methodology and Assumptions
List of Tables
Table 01: Global Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 02: Global Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 03: Global Stone Paper Market Volume (Kilo Tons) Forecast, by Region, 2019–2030
Table 04: Global Stone Paper Market Value (US$ Mn) Forecast, by Region, 2019–2030
Table 05: North America Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 06: North America Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 07: North America South Africa Market Volume (Kilo Tons) Forecast, by Country, 2019–2030
Table 08: North America South Africa Market Value (US$ Mn) Forecast, by Country, 2019–2030
Table 09: U.S. Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 10: U.S. Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 11: Canada Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 12: Canada Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 13: Europe Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 14: Europe Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 15: Europe Stone Paper Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2030
Table 16: Europe Stone Paper Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 17: Germany Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 18: Germany Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 19: France Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 20: France Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 21: U.K. Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 22: U.K. Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 23: Italy Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 24: Italy Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 25: Spain Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 26: Spain Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 27: Russia & CIS Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 28: Russia & CIS Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 29: Rest of Europe Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 30: Rest of Europe Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 31: Asia Pacific Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 32: Asia Pacific Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 33: Asia Pacific Stone Paper Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2030
Table 34: Asia Pacific Stone Paper Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 35: China Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 36: China Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 37: India Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 38: India Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 39: Japan Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 40: Japan Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 41: ASEAN Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 42: ASEAN Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 43: Rest of Asia Pacific Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 44: Rest of Asia Pacific Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 45: Latin America Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 46: Latin America Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 47: Latin America Stone Paper Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2030
Table 48: Latin America Stone Paper Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 49: Brazil Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 50: Brazil Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 51: Mexico Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 52: Mexico Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 53: Rest of Latin America Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 54: Rest of Latin America Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 55: Middle East & Africa Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 56: Middle East & Africa Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 57: Middle East & Africa Stone Paper Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2030
Table 58: Middle East & Africa Stone Paper Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 59: GCC Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 60: GCC Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 61: South Africa Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 62: South Africa Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 63: Rest of Middle East & Africa Stone Paper Market Volume (Kilo Tons) Forecast, by Application, 2019–2030
Table 64: Rest of Middle East & Africa Stone Paper Market Value (US$ Mn) Forecast, by Application, 2019–2030
List of Figures
Figure 01: Global Stone Paper Pricing Analysis (US$/Ton), by Application, 2019–2030
Figure 02: Global Stone Paper Pricing Analysis (US$/Ton), by Region, 2019–2030
Figure 03: Global Stone Paper Market Volume Share Analysis, by Application, 2019, 2024, and 2030
Figure 04: Global Stone Paper Market Attractiveness Analysis, by Application
Figure 05: Global Stone Paper Market Volume Share Analysis, by Region, 2019, 2024, and 2030
Figure 06: Global Stone Paper Market Attractiveness Analysis, by Region
Figure 07: North America Stone Paper Market Volume Share Analysis, by Application, 2019, 2024, and 2030
Figure 08: North America Stone Paper Market Attractiveness Analysis, by Application
Figure 09: North America Stone Paper Market Volume Share Analysis, by Country, 2019, 2024, and 2030
Figure 10: North America Stone Paper Market Attractiveness Analysis, by Country
Figure 11: Europe Stone Paper Market Volume Share Analysis, by Application, 2019, 2024, and 2030
Figure 12: Europe Stone Paper Market Attractiveness Analysis, by Application
Figure 13: Europe Stone Paper Market Volume Share Analysis, by Country and Sub-region, 2019, 2024, and 2030
Figure 14: Europe Stone Paper Market Attractiveness Analysis, by Country and Sub-region
Figure 15: Asia Pacific Stone Paper Market Volume Share Analysis, by Application, 2019, 2024, and 2030
Figure 16: Asia Pacific Stone Paper Market Attractiveness Analysis, by Application
Figure 17: Asia Pacific Stone Paper Market Volume Share Analysis, by Country and Sub-region, 2019, 2024, and 2030
Figure 18: Asia Pacific Stone Paper Market Attractiveness Analysis, by Country and Sub-region
Figure 19: Latin America Stone Paper Market Volume Share Analysis, by Application, 2019, 2024, and 2030
Figure 20: Latin America Stone Paper Market Attractiveness Analysis, by Application
Figure 21: Latin America Stone Paper Market Volume Share Analysis, by Country and Sub-region, 2019, 2024, and 2030
Figure 22: Latin America Stone Paper Market Attractiveness Analysis, by Country and Sub-region
Figure 23: Middle East & Africa Stone Paper Market Volume Share Analysis, by Application, 2019, 2024, and 2030
Figure 24: Middle East & Africa Stone Paper Market Attractiveness Analysis, by Application
Figure 25: Middle East & Africa Stone Paper Market Volume Share Analysis, by Country and Sub-region, 2019, 2024, and 2030
Figure 26: Middle East & Africa Stone Paper Market Attractiveness Analysis, by Country and Sub-region
Figure 27: Company Market Share Analysis, 2019