February 17, 2022 12:45 ET | Source: FACT.MR FACT.MR
ROCKVILLE, Md., Feb. 17, 2022 (GLOBE NEWSWIRE) -- According to a recently published report by Fact.MR, market research and competitive intelligence provider, the stone paper market is anticipated to reach a valuation of US$ 757 Mn in 2021, and expand at an impressive CAGR of around 6% over the forecast period of 2021 to 2031.
Rise in the use marketing and advertising banners across regions has paved way for strong materials in the market such, as stone paper, vinyl, polyester fabric, etc. Of these materials, stone paper tends to remain in the front pages of the advertising industry.
The market is in the growth phase of its lifecycle, registering an annual growth of 4.1% during 2016 - 2020. Fact.MR anticipates significant potential in the market, owing to factors such as economic feasibility of stone paper over other categories and growing demand for phthalate-free stone paper owing to myriad benefits.
“High investments in R&D for the development of green products will aid market growth over the coming years,” says a Fact.MR analyst.
To gauge the scope of customization in our reports Ask for a Sample at https://www.factmr.com/connectus/sample?flag=S&rep_id=6473
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The stone paper industry is observing the penetration of technology on a regular basis. Manufacturers are investing in ideas and innovation on how to make products more lucrative and per the needs of the tech-savvy millennial population. For instance, phthalate-free stone paper is seeing a significant surge in demand due to its eco-friendly properties. Additionally, phthalate-free stone paper is gaining popularity in the production of calendars, maps, and product labels.
Looking for Regional Analysis or Competitive Landscape in Stone Paper Market for Performance OEM , ask for a customized report https://www.factmr.com/connectus/sample?flag=RC&rep_id=6473
Revenue Analysis of Stone Paper from 2016 to 2020 Compared to Demand Outlook for 2021 to 2031
Growing concerns of end users regarding low-cost, water-resistant paper has led to higher adoption of stone paper, and the market is forecast to expand at a moderate CAGR of close to 6% over the coming 10 years.
The U.S. is a mature market with high investments in the field of technology and innovation. Also, rising climate change concerns is taking the U.S. by storm as there is huge pressure from environmental organisations and well as international bodies to take a firm stand in the climate space.
China is a prominent market and a key manufacturing hub for various products. For the last two decades, China has been seeing significant growth in its manufacturing sector. China's average industrial y-o-y growth rate has been 11.4% for the last two decades. Although it saw a dip due to the COVID-19 pandemic, it bounced back with positive signs.
To get to know more about the short-term and long-term impact of COVID-19 on this Stone Paper Market,
Please Visit: https://www.factmr.com/report/stone-paper-market
Majority companies discussed in the report have focused on expansion, investments, acquisitions, delivery focus, portfolio expansion, and brand development.
Some of the key developments are:
In August 2019, TBM Co Ltd announced the launching of the Limex bag, which contains zero petroleum-derived resins. Additionally, Limex can act as a substitute for paper and plastic, thus reducing the use of petroleum-derived products.
In 2016, Pishgaman Sanat sabz company (PSSCO) opened up a stone paper production facility in Yazd province of Iran that has an annual production capacity of 5,000 tons. The composition of the stone paper consists of calcium carbonate and HDPE.
In 2020, Taiwan Lung Meng Advanced Composite Materials Co announced an investment of US$ 49.8 Mn in R&D to manufacture advanced green products such as cups, notebooks, and shopping bags.
To understand how our report can bring difference to your business strategy, Purchase a copy of this report at https://www.factmr.com/checkout/6473
Key Takeaways from Market Study
Due to the COVID-19 crisis, demand for stone paper was hit in 2020, which saw a decline, but with the manufacturing sector back on track, demand is set to be normalized.
Key Benefits of the Report:
To learn more about Stone Paper Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=6473
Check out more studies related to Chemical and Materials Industry, conducted by Fact.MR:
On the go Food Packaging Market Forecast Outlook (2022-2032) - Increasing demand for on-the-go foods, coupled with proactive consumer lifestyles has driven the demand for effective packaging solutions in recent past. Thus, this market grew with CAGR of 4.2% with an absolute $ opportunity of USD 625 Million during 2017-2021.
Demand Analysis of Fumigation Products Market Projections for 2022 to 2032 - According to Fact.MR- market research and competitive intelligence providers- fumigation products revenue expanded at a CAGR of 3%. Volume sales in the market were recorded at ~662 thousand tons in 2019.
Revenue from Polybutene-1 Industry Demand Outlook for 2022 to 2032 - Demand for polybutene-1 plummeted due to the COVID-19 pandemic, especially in the first two quarters of 2020. Decline in demand was majorly due to reduced consumption across piping applications.
Region-wise Insights of Retail Ready Packaging Market Outlook - The market demand for retail ready packaging is witnessing an upsurge by 1.8X and the growth is mainly attributed to the fact that sales of retail ready packaging are pegged to surpass 45,000 thousand tons by 2026 end.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.