PUBLISHER: Grand View Research | PRODUCT CODE: 1404676
PUBLISHER: Grand View Research | PRODUCT CODE: 1404676
The Americas stone paper market size is expected to reach USD 298.7 million by 2030, growing at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to an increasing inclination towards eco-friendly, recyclable, and waterproof paper & its products in the Americas. Moreover, rapidly rising environmental concern regarding deforestation and climate change is expected to fuel stone/mineral paper production, which will replace conventional ones over the forecast period.
Mineral paper sheet exhibits several environmental aspects that raise their demand in the market. As per the Environmental Protection Agency (EPA), worldwide conventional paper consumption has increased by 400% in the last 40 years. However, the stone sheet-making process does not involve any consumption of water, which eventually helps in water conservation and helps reduce the load of wastewater treatment plants for the manufacturers in the industry. Moreover, mineral paper production is designed to prevent emission of toxic gases and the process itself does not use any kind of chemical, unlike sulfate, sulfide, or soda in conventional making. This directly results in lowering global carbon emissions upon recycling and makes it safe to use with food & beverage items.
Rising awareness for environment-friendly packaging products that are derived from a natural source, and not from the amalgamation of chemicals and water is being highly preferred by key end-users or application industries, especially for food & beverage, cosmetics, and healthcare products packaging. In addition, the demand for sustainable packaging materials, such as bags and cardboard packages made of mineral sheets, is rising as a result of enhanced e-commerce platforms that are boosting worldwide trade. Over the projected timeframe, this is anticipated to create better prospects for the mineral paper market.
The stone paper and related products are subjected to various environmental certifications and codes to comply with the environmental standards. A majority of the manufacturers are certified with cradle-to-cradle and Kiwa certificates for providing sustainable convention to the product. In addition, the environment management code is being followed while producing mineral paper. It includes environment management EC014 consisting of code UCS -E-11-010 and International Standard Organization 14001 certification for proper use of sustainable techniques.
Major manufacturers in the market are concentrating on introducing cutting-edge, long-lasting, waterproof, and tear-resistant alternatives to traditional products. For example, TBM Co., Ltd. manufactures high-performance masterbatch (HPM) and plastic goods from stone paper under the LIMEX trademark, which are used to make different stationery items and bag carriers.