Stone Paper Market Owing to Increasing Demand About Stone paper products are referred to as bio-plastic paper, mineral paper or rich mineral paper. They are strong and durable paper-like materials made from calcium carbonate 80% bonded with small amount of resin high density polyethylene 20%. A stone paper is used for stationery, leaflets, posters, books magazines, bags, packaging, in-mould labels, plates, trays, containers, wallpaper, adhesives, tags, maps etc.
Sustainability If stone paper products were to replace traditional papers in Europe, it could potentially reduce CO2 generation by 62%, water consumption by 99.2% and wood usage by 100%. The results depend on the kind of Calcium Carbonate used for the products and the source of the HDPE. The ratio of oil required for production of virgin HDPE for stone paper are such that mass scale replacement of traditional paper could save 46% of oil consumption from the current European graphic paper supply with virgin and recycled components.
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Indian Manufacturers and Suppliers of Stone Paper
- Bonafide Exp
- Crest Container Line Pvt., Ltd.
- Damco India Pvt., Ltd.
- Noble Industries
- Sumela Exp. Pvt., Ltd.
Stone Paper Market- Forecast Period: 2020-2025 Stone Paper market is expected to reach $14.26 billion by 2025, growing at a CAGR of 3.5% during the forecast period. Increase in adoption of environmental friendly products and sustainable alternatives to traditional papers are the major driving factors behind the growth of the market.
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Key Factors
- Asia Pacific dominates the market due to rising demand
- s from applications such as packaging and paper. Presence of important developing economies like China and India contribute handsomely to the market growth.
- Rising adoption of environmental friendly and sustainable products, implementation of strict government rules related to usage of traditional paper will increase the market growth in the near future.
- Increasing investment in R&D for the development of better manufacturing techniques using organic compounds is another driving force behind the market growth.
- The impact of rise in demand of packaging and labeling across the globe contributes positively to the stone paper market.
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Segment Analysis
- By Application
Paper packaging industry held the largest share in the market in 2019. Also, there is a rise in demand of high quality stone paper for labeling to enhance the look of the packed product. Stone paper is tear-resistant, grease-resistant, fire-resistant, mold-resistant, waterproof, insect-proof and FDA-compliant food grade. Manufacturers are aware of the cost-effectiveness and advantages of stone paper; hence they are being used widely in paper packaging industry.
- By Product type
Rich mineral paper double coated stone paper held the largest share in 2019. The market of RPD is expected to grow very fast due to rise in demand of energy-saving technology, environmental friendly products, pollution-free products like notepads, hotel supplies magazines, books, paper bags and others.
- By Material
In 2019, the highest share was held by calcium carbonate. Stone paper is generally made from calcium carbonate. High-density polyethylene is used as a binder to hold the calcium carbonate together in flat sheets and to make the sheets foldable.
- Geography
Asia Pacific held the largest share in the market with a share of more than 33%, followed by North America and Europe. Low production cost, easy availability of raw materials and high demand for environmental friendly packaging material are some of the major reasons for the market growth in APAC. China is the largest manufacturer and consumer of the product and also, dominates the market in Asia Pacific.
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