According to the report on the global Stone Paper Market, the Market is expected to generate a revenue of USD 2097.5 million by 2033. The market size in 2024 was USD 999.3 million in revenue.
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- Stone paper is expected to grow in the global Market due to increasing demand from the packaging industry.
- The high demand for paper in Japan is a major factor behind the rise of stone paper startups.
- The growth analysis of KDMI analysts predicts that other eco-friendly materials will challenge the market growth.
- Asia Pacific is expected to dominate the global Stone Paper Market. It has the largest market share.
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Stone Paper Market Analysis
Alternatives to paper include stone paper, which is primarily composed of calcium carbonate with a small amount of nontoxic resin. Calcium carbonate is readily available and derived from readily available limestone. The stone paper market is expected to grow due to its high demand in the flexible packaging sector and its properties such as its resistance, impermeability and FDA compliance. Flexible Packaging will have a market value of USD 41.5 Million in the United States by 2022. It is the second-largest packaging segment. Globally, the Stone Paper Market is dominated by companies such as The Stone Paper Company (Kapstone), AM Packaging Company Limited (TBM Co. Ltd), STP Stone Paper GmbH, and TBM Co. Ltd.
An Analyst’s Observation of the Japanese Stone Paper Market Survey
Yamasaki established TBM to produce, sell, and advance Limex, which is a paper made of limestone. This rock, considered almost limitless, was the inspiration for Yamasaki. These startups are responsible for the growth of the stone-paper Market in Japan. Yamaski predicted that by 2030, the demand for paper would double due to the increasing population. The supply of paper will also be affected by water scarcity and deforestation. TBM, a Japan-based unicorn organization, has gained a lot of attention after being selected as “notable” at the 2017 Japan U.S. Innovation Award. LIMEX is gaining attention as a paper alternative that can be made without using paper pulp or water. TBM is a major player in the Japanese Stone Paper Market.
Stone Paper Market: Report Scope
The base year 2023
Estimated market size USD 989.3 million in 2024
Forecast year 2024-2033
Market size projection USD 2097.5 million in 2033
CAGR value 7.9%
- Stone Paper Market Trends/Key Growth Drivers Initiative by the government to reduce plastic waste
- Eco-friendly marketplaces are on the rise
- Factors of Restraint Other eco-friendly materials are also competing for attention
- Restricted consumer awareness
- Stone Paper Market Segmentation By Product Type
- By Material Type
- By Application
- Distribution Channel
- By Geography
Stone Paper Market Key Player Karst Stone Paper, Shenzhen Stone Paper, AM Packaging Company Limited, Taiwan Lung Meng Technology Co., Ltd., Forge and Smith, Agood Company, Armen Paper, Sphera International, WestRock Company, and Others
Stone Paper Market Growth Driver & Market Restraint
Growth Drive
Government initiative to reduce plastic waste: “LIMEX”, which is a mineral dispersion compound made primarily from limestone, is an alternative to plastic and paper. It contains more than 50% of inorganic substances, such as calcium carbide. Stone paper is a result of government initiatives to reduce plastic waste. The UN Environmental Assembly met in Nairobi, Kenya, both in February and March 2022, to discuss environmental policies that have been implemented since the Paris Accord. The Global Tourism Plastic Initiative ensures that governments, businesses, and other stakeholders do their part to minimize plastic pollution. The “Go Green Dominica initiative” in Dominica was a great way to restore the natural environment. This new scheme banned plastic products and introduced substitutes. It eventually pushed the growth of nonplastic products like stone papers.
The rise of eco-friendly markets: With the growth in eco-friendly markets, the demand for sustainability packaging is also increasing. Stone papers are sustainable as they do not require the cutting of trees, water or bleach. They also emit less carbon and have a lower carbon footprint. Stone paper is considered a revolutionary product that offers a sustainable alternative to old-style papers, which are manufactured using trees. The greenest. Berry Global, Avantium and BASF are just a few of the market leaders in sustainable Packaging. Stone paper is being driven by the desire to redefine Packaging around the world.
Market Restraint
Other eco-friendly materials are competing with
Other eco-friendly products are putting pressure on stone paper. Plant-based paper and biodegradable materials are also gaining popularity.
Restricted consumer awareness:
The stone paper market faces another challenge, namely a relatively low level of consumer awareness about the products and benefits. Plastic has many uses, but consumers are addicted to single-use plastic, which has significant environmental, economic, and health implications.
Stone Paper Market Segmentation
KD Market Insights’ experts have segmented this global Stone Paper Market report into:
Stone Paper Market Regional Summary
Asia Pacific is the largest Market for stone paper due to its low impact on the environment. Stone paper is environmentally friendly when compared with traditional paper because its raw materials do not contain plant fibres. This means that no trees were cut to make it. It is also recyclable and emits less greenhouse gases. The presence of important manufacturers in the Asia Pacific region is also a significant factor in the growth of the stone papers market. Ningbo Sure Paper Co. Ltd., for example, provides high-quality rock paper and China stone paper products. The region is also facing severe environmental challenges. As a result, awareness and government initiatives are increasing. Stone paper is growing rapidly in China’s packaging industry, which is also experiencing rapid growth. The high demand for environmentally friendly Packaging is driving the stone paper market. As of 2024, the consumer packaging industry in China will be valued at USD 105.5 million.
The low environmental impact of this product is expected to make Europe the fastest-growing Market. The supply chain of stone paper in the European region is strong, which contributes to its growth. Pebble Printing Group is a dedicated organization that has worked to increase the reach of rich minerals paper internationally and serve in the packaging industry. Another reason for the growth in the stone paper market is the use of plastic alternatives and non-wooden materials by manufacturing companies like Stora Enso, Tetra Pack and others.
Stone paper has a higher sustainability rating than traditional fiber-based paper. Stone paper, on the other hand, is made from waste materials and does not require trees. It also uses less water and energy during manufacturing. It is biodegradable and does not have any negative effects on drinking water or the air. The majority of Americans are willing to pay more for sustainable Packaging, regardless of end-user. About 70% of consumers are willing to pay more for a product if the Packaging is sustainable. Middle East and North Africa use stone paper as it is durable and water resistant. The growth of the retail and e-commerce sectors in Latin America has contributed to the Market for stone paper.
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