Posted by The latest report by IMARC Group, titled “GCC Stone Paper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the GCC stone paper market growth. The market size reached US$ 188.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 518.8 Million by 2028, exhibiting a growth rate (CAGR) of 17.8% during 2023-2028.
Factors Affecting the Growth of the GCC Stone Paper Industry:
- Increasing focus on environmental sustainability:
One of the primary factors driving the GCC stone paper market is the growing emphasis on environmental sustainability. Stone paper, also known as mineral paper, is manufactured using a combination of calcium carbonate and high-density polyethylene. Compared to traditional paper production processes that involve cutting down trees and consuming large amounts of water, stone paper production is more eco-friendly. The extraction of calcium carbonate does not require deforestation, and the manufacturing process consumes significantly less water compared to traditional papermaking. As the global awareness of environmental issues grows, businesses and consumers in the GCC region are increasingly adopting stone paper as a more sustainable and responsible choice, thereby boosting the market demand.
- Innovation in manufacturing processes:
The GCC stone paper market is also driven by continuous innovation in manufacturing processes. Manufacturers are investing in research and development (R&D) to enhance the quality, durability, and printability of stone paper. Moreover, innovations in processing technologies allow for the production of stone paper with improved texture and printing capabilities, making it more versatile for various applications such as packaging, labels, and writing materials. These advancements contribute to the market’s competitiveness and drive the adoption of stone paper in industries seeking high-performance and environmentally friendly alternatives to traditional paper.
- Rising demand for eco-friendly alternatives:
The escalating awareness of environmental issues has led to a surge in the demand for eco-friendly alternatives across various industries. Stone paper, with its reduced environmental impact and sustainable sourcing, is gaining traction as a preferred choice. In addition to this, businesses and consumers in the GCC region are actively seeking alternatives that align with their commitment to environmental responsibility. Stone paper’s unique combination of being waterproof, tear-resistant, and recyclable further enhances its appeal, driving its adoption in applications where conventional paper may not be as effective.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-stone-paper-market/requestsample
Leading Companies Operating in the GCC Stone Paper Industry:
- Azerbaijan Green Paper Company
- Hangzhou Gerson Paper Co. Ltd
- Pishgaman Sanat Sabz Company
- Shanxi Uni-Moon Lungmeng Green Paper Co. Ltd.
- Shenzhen Stone Paper New Materials Co. Ltd
- Taiwan Lung Meng Technology Corporation Limited
- TBM Co. Ltd.
GCC Stone Paper Market Report Segmentation:
By Application:
- Packaging
- Printing and Writing
- Others
On the basis of application, the market has been divided into packaging, printers and writing, and others.
Regional Insights:
- Saudi Arabia
- United Arab Emirates
- Qatar
- Kuwait
- Oman
- Bahrain
Based on the country, the market is segmented into Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain.
GCC Stone Paper Market Trends:
The region’s focus on reducing plastic usage spurring the demand for stone paper as an eco-friendly alternative to traditional plastics for various applications is contributing to the market growth. In line with this, as governments and industries in the GCC intensify efforts to minimize plastic waste, the demand for stone paper as a sustainable packaging and printing material continues to rise, creating a positive outlook for market expansion. Furthermore, the surging demand for customized and premium-grade paper products such as stone paper with its adaptability to diverse printing techniques and its superior quality for luxury packaging and high-end publications is strengthening the market growth.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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