This report covers the present scenario and growth prospects of the global specialty paper market for the period 2017-2021. The report has taken into consideration the volume of specialty paper produced by the vendors for application in various sectors.In addition, the report discusses the major drivers that influence the growth of the global specialty paper market. It also outlines the challenges faced by vendors and the market at large, as well as the key emerging trends.

2016 年前三季度，原材料木浆价格持续低位徘徊，文化纸价格亦基本维持稳定。2016 年四季度，受行业低库存以及环保趋严、供给侧改革等政策影响，文化纸价格上涨，木浆价格走高进一步推高纸价，纸企盈利能力提升。

包装纸主要纸种包括瓦楞纸、箱板纸、白板纸和白卡纸等。箱板纸和瓦楞纸多用于家电包装、日化包装等领域，白板纸和白卡纸常用于包装香烟、食品、医药品和化妆品领域。箱板纸、瓦楞纸、白板纸 CR4 均不足 45%，行业集中度偏低，环保政策层层加码，环保设施齐全的大型企业有望从中受益，利好行业龙头，促进企业向集团化和规模化方向发展，加速产能集中度提升，行业龙头有望受益，看好山鹰纸业、玖龙纸业。 

上周大盘小幅收涨0.27%。轻工制造与大盘持平（造纸>包装印刷>家用轻工）。我们推荐的组合中，山鹰纸业表现强势，位列造纸板块单周涨幅第一。上周，受“禁废令”落地的影响，国际废纸进口供给收窄，带动国内废纸价格上行，造纸板块整体表现优异。