The global schrenz paper market is poised to present a substantial absolute dollar opportunity, surpassing US$ 6.5 billion by the conclusion of 2032. Projections indicate that the demand for schrenz paper will exceed the US$ 4 billion mark by 2022.
Schrenz paper, also known as SC paper, is a type of uncoated paperboard that is widely used in packaging and printing applications. It is characterized by its medium thickness and smooth surface texture, which makes it suitable for a variety of printing and converting processes.
The global schrenz paper market is poised to present a substantial absolute dollar opportunity, surpassing US$ 6.5 billion by the conclusion of 2032. Projections indicate that the demand for schrenz paper will exceed the US$ 4 billion mark by 2022, with a forecasted Compound Annual Growth Rate (CAGR) ranging from approximately 5% to 6% throughout the forecast period spanning from 2022 to 2032.
The demand for schrenz papers is experiencing rapid and robust growth, primarily due to their advantageous properties, which include low technical specifications, lightweight nature, cost-effectiveness, recyclability, and biodegradability. These versatile papers are being extensively utilized across various applications, including padding, wrapping, stuffing, and void filling, particularly within the Fast-Moving Consumer Goods (FMCG) and electronics industries.
This growth trajectory is primarily attributed to the escalating demand for high-weight kraft liners with excellent resistance properties across various industries, coupled with an increasing preference among end users for paper-based packaging solutions on a global scale. These factors collectively contribute to the growth prospects of the global schrenz paper market.
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Key features and uses of Schrenz paper:
Key Drivers:
In recent years, there has been a notable surge in the demand for sustainable packaging solutions crafted from biodegradable materials like papers, cardboard, and composite fiberboard. This surge is attributed to the escalating environmental concerns and a growing consumer preference for eco-friendly packaging options.
The packaging industry is undergoing a significant shift, transitioning from a focus on branding and communication to prioritizing sustainability, product protection, and preservation, particularly for delicate, artistic, and decorative items. The increased utilization of schrenz paper in protective packaging is anticipated to contribute to the market’s growth.
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Market Players:
Segmentation:
By Paper Weight:
By Product Type:
By Application:
By End Use:
By Region:
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 14, 2024