PUBLISHER: The Business Research Company | PRODUCT CODE: 1429587
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429587
Paper products encompass items crafted from paper, such as paper towels, napkins, corrugated paper, and similar cellulosic commodities. These products, by definition, contain no more than 10% non-cellulosic material by weight or volume, which may include laminates, binders, coatings, or saturates.
The primary classifications of paper products include converted paper products, unfinished paper, and pulp mills. Within the converted paper products category, companies predominantly engage in the manufacturing of paper products utilizing acquired paper and paperboard. Raw materials such as wood, agro residue, waste, and recycled paper are utilized in the production of these paper products. The applications of these products span a variety, including writing paper, magazine paper, packaging paper, sanitary paper, and others.
The paper products market research report is one of a series of new reports from The Business Research Company that provides paper products market statistics, including paper products industry global market size, regional shares, competitors with a paper products market share, detailed paper products market segments, market trends and opportunities, and any further data you may need to thrive in the paper products industry. This paper products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 historical period's growth can be attributed to a rising demand for packaging paper from retail companies and an increasing awareness of 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 anticipated growth in the forecast period can be ascribed to swift technological advancements and an escalating demand from the e-commerce sector. Key trends expected during this period include the adoption of 3D printing, the integration of artificial intelligence, a surge in acquisition activities, the utilization of recycled materials to create recyclable products, and a heightened focus on sustainability.
The future growth of the paper products market is propelled by the increased utilization of packaging-grade paper. This category encompasses various types of paper specifically employed in the packaging sector. The heightened demand from diverse end-use industries, growing consumer awareness about sustainability, and the imperative for eco-friendly packaging contribute to the rising demand for paper products. For example, in July 2022, EUWID Europaischer Wirtschaftsdienst GmbH, an independent trade press publisher based in Germany, reported a 7.1% increase in the production of packaging-grade paper in 2021 compared to 2020, marking the highest level ever recorded in Europe. Consequently, the heightened use of packaging-grade paper is expected to drive growth in the paper products market.
The market for paper product manufacturing is poised to benefit from the consistent economic growth projected for both developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2021 and is forecasted to be 3.4% in 2022. The recovery of commodity prices after a decline in the historical period is anticipated to be a significant factor in driving economic growth. The US economy is projected to experience stable growth during the forecast period. Moreover, emerging markets are expected to grow slightly faster than developed markets in this period. The anticipation of increased economic growth is likely to drive investments, joint ventures, and foreign direct investments in end-user markets, thereby fostering market growth throughout the forecast period.
Major companies in the paper products market are strategically focusing on investments to expand their global presence, accessing new markets, diversifying their customer base, and mitigating supply chain risks. Such investments in the paper products sector often lead to increased production capacity, enabling manufacturers to effectively meet the growing demand for paper and related products. An example of this is Mondi, a UK-based manufacturing company, which initiated a €125 million ($132 million) capital investment project in June 2021 at its semi-chemical fluting mill in Kuopio, Finland. This investment aims to boost the plant's capacity by 55,000 metric tons and involves modernizing key areas such as the fiber line, wood yard, paper machines, and evaporation plants. The Kuopio mill is dedicated to producing high-quality semi-chemical fluting and plays a vital role in the global packaging industry. Mondi's overarching mission is to contribute to a more sustainable world through innovative, environmentally friendly packaging and paper solutions.
A notable trend in the paper industry involves a shift from labor-intensive manufacturing processes to automated production facilities. Automation has emerged as a key enabler for paper product companies, fostering heightened productivity and reduced production costs. Additionally, these technologies contribute to energy savings. Advanced control systems, such as integrated drive systems (IDS), are instrumental in enhancing plant efficiency by minimizing energy consumption and streamlining service and maintenance processes. As an illustration, Swedish company Stora Enso entered into a partnership with Siemens to automate its Skoghall facility.
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.
Asia-Pacific was the largest region in the paper products market in 2023. North America was the second largest region in the paper products market. The regions covered in the paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the paper products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The paper products market consists of sales of graphic paper, commercial paper, retail sales, and e-commerce. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Paper Products Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on paper products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for paper products? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The paper products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.