According to a new report, published by KBV research, The Global Stone Paper Market size is expected to reach $1.2 billion by 2028, rising at a market growth of 6.1% CAGR during the forecast period.
The Packaging Papers segment is leading the Global Stone Paper Market by Product Type in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $442.9 Million by 2028. This is due to rising product demand and traditional packaging materials, such as plastic, being phased out. The increasing use of recyclable stone paper containers is anticipated to contribute to the growth of the application industry. In addition, the extensive use of stone paper in the food and beverage packaging industries is expected to surge the segment's growth.
The Asia Pacific market dominated the Global Stone Paper Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $538.6 Million by 2028. The Europe market is exhibiting a CAGR of 5.8% during (2022 - 2028). Additionally, The North America market would display a CAGR of 5.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/stone-paper-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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