#Stone #Paper #Market #Valuation #Worth #USD #Million
New York, USA, Oct. 31, 2022 (GLOBE NEWSWIRE) — Stone Paper Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Stone Paper Market Information by Material used, by Application, and Region – Forecast till 2030”, the market is estimated to grow at a 7.20% CAGR to reach USD 867.2 Million by 2030.
Market Scope:
Stone papermaking entails combining calcite limestone powder with non-toxic resin, such as HDPE (high density polyethylene), and other additives before melting them at high temperatures to create sheets resembling paper. Stone paper has almost identical qualities to regular paper, and even certain advantages. Because it does not rely on plant fibers for its base material, this paper is said to be more eco-friendly than traditional paper. It has a modest impact on global warming and is recyclable.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 867.2 Million |
| CAGR | 7.20% (2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022–2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Material used, by Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | The increasing demand for the packaging and labeling industry is considered the major driving factor |
| The e-commerce sector and organized retails are adding fuel to the growth of the market. |
Competitive Dynamics:
Due to the large number of global providers, competition in the stone paper industry is fierce. Stone paper not only improves the finished product’s visual features, but it also provides environmentally responsible and cost-effective packaging alternatives. Consumers’ rising worries about the environmental impact of plastic packaging have boosted demand for stone paper…
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