Press release
Paper Products Market Outlook, Segments, Overview And Trends 2024 - 2033
Paper Products Market
The Business Research Company offers in-depth market insights through Paper Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The paper products market size has grown strongly in recent years. It will grow from $1059.15 billion in 2023 to $1134.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increase in demand for packaging paper from retail companies and growing awareness about sustainable practices.
The paper products market size is expected to see strong growth in the next few years. It will grow to $1474.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rapid advances in technology and growing demand from e-commerce. Major trends in the forecast period include 3d printing, implementation of artificial intelligence, increasing acquisition activities, utilizing recycled materials and produce recyclable products and focus on sustainability.
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Market Segmentation:
The paper products market covered in this report is segmented -
1) By Type: Converted Paper Products, Unfinished Paper, Pulp Mills
2) By Raw Material: Wood And Agro Residue, Waste And Recycled Paper
3) By Application: Writing Paper, Magazine Paper, Packaging Paper, Sanitary Paper, Other Applications
Subsegments Covered: Paperboard Container, Paper Bag And Coated And Treated Paper, Sanitary Paper Product, Stationery Products, All Other Converted Paper Products, Paper And Paperboard, Newsprint
Major Driver - Surge In Utilization Of Packaging Grades Paper Anticipated To Drive Paper Products Market Growth
The increased use of packaging-grade paper is driving the growth of the paper products market going forward. Packaging-grade paper encompasses the diverse varieties or classifications of paper utilized within the packaging sector. The increasing demand from various end-use industries, growing awareness regarding sustainability among consumers, and the need for eco-friendly packaging increased the demand for the paper products. For instance, in July 2022, according to EUWID Europäischer Wirtschaftsdienst GmbH, a Germany-based independent trade press publisher, the production of packaging grade paper in 2021 surged by 7.1% compared to 2020, reaching the highest level ever recorded in Europe. Therefore, the increased use of packaging-grade paper will propel the paper products market growth.
Competitive Landscape:
Major companies operating in the paper products market report are International Paper Company, Oji Holdings Corporation, Georgia-Pacific Corporation, Kimberly Clark Corporation, Procter & Gamble, Smurfit Kappa Group PLC, Essity Aktiebolag, Mondi PLC, Nippon Paper Industries Co., Ltd., Cascades, Inc., Hokuetsu Kishu, Ballarpur Industries Limited (BILT), Tamil Nadu Newsprint and Papers Limited, Genus Paper & Boards Limited, Dalian Rising International Trading Co. Ltd, Qingdao Ingwell International Trade Co., Ltd, China Ningbo Bestlite Imp. & Exp. Co. Ltd, Shenzhen XJC Technology Co. Ltd, Forests Packaging Shanghai Group Co. Ltd., DS Smith PLC, WestRock, Hamburger Containerboard GmbH, Papierfabrik Palm GmbH & Co KG, Svenska Cellulosa Aktiebolaget (SCA), Tetra Laval Group, Bio Pappel SAB de CV, Corning Incorporated, Schott AG, Gerresheimer AG, Nipro Corporation, Domtar, Verso Paper Holdings, Avery Dennison Corporation, Sociedad Comercializadora de Excedentes Industriales Poliplas Ltda., Wtrade Export, Stora Enso Oyj, Klabin, Eldorado Brazil Celulose, CMPC Celulose Riograndense, Santher Fabrica de Papel, Mili, Celulose Irani, United Carton Industries Company (UCIC), AL-DHAFRA Paper Manufacturing Company, Dubai, AL REMAL Carton and Paper Industry, Tarboosh Packaging Co Llc, Sappi Southern Africa Ltd, Mthembu Paper Mill (Pty) Ltd, Tissue Works (Pty) Ltd.
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Top Trend - Mondi Makes Significant Investments In Finnish Paper Mills For Enhanced Capacity And Sustainability
Major companies operating in the paper products market are focused on investments to expand the global presence to access new markets, diversify their customer base, and reduce supply chain risks. Investments in paper products can lead to the expansion of production capacity, allowing manufacturers to meet growing demand for paper and related products. For instance, in June 2021, Mondi, a UK-based manufacturing company, invested €125 million ($132 million) capital investment project at its semi-chemical fluting mill in Kuopio, Finland. The investment's goal is to enhance the plant's capacity by 55,000 metric tons and will be allocated towards modernizing various areas, including the fiber line, wood yard, paper machines, and evaporation plants. The Kuopio mill is focused on producing top-quality semi-chemical fluting and plays a role in the worldwide packaging industry. Mondi's mission is to contribute to a more sustainable world by creating inventive, environmentally friendly packaging and paper solutions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Paper Products Market Characteristics
3. Paper Products Market Trends And Strategies
4. Paper Products Market - Macro Economic Scenario
5. Paper Products Market Size And Growth
…..
27. Paper Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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