The latest growth outlook on Specialty Papers and Paperboard Market
The specialty paper and paperboard industry has experienced a turbulent period marked by increasing costs of raw materials, worldwide supply limitations and surges in demand within specific sectors and is currently grappling with an anticipated slowdown due to economic uncertainties and the pressures of a recession.
In 2022, global growth in the paper industry stood at 1.5%, and it is anticipated to maintain a CAGR% of 2% between 2022 to 2025. The impacts of COVID-19 and subsequent disruptions in the supply chain have forced many paper producers to struggle with supply shortages, resulting in heightened paper prices. Although pulp prices have declined somewhat, they remain higher than pre-COVID levels. Notably, the most rapid growth is projected in the packaging and labeling sector, expected to achieve a CAGR of 3.5% between 2022 to 2025, followed closely by the food service segment at 3.0%
The projected growth rate for sleeve label formats worldwide in 2022 compared to 2021 is approximately 4.0%. The global sleeve label market is expected to experience a compound annual growth rate (CAGR %) of about 4.8% from 2022 to 2025.
This comprehensive and contemporary report also provides in-depth insights through regional and global segmentation into various aspects, including technology application, label category application, end-use market segments, materials employed, as well as trends and forecasts.
Full details of the report may be found on the AWA website, where it is also possible to order online.