Paper Products Market Growth Trajectory Through 2024-2033

The Paper Products by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Paper Products, 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.

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.

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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 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 paper products market report table of contents includes:

1. Executive Summary
2.Paper Products Market Characteristics
3. Paper Products Market Trends And Strategies
4.Paper Products Market analysis
5.Paper Products Market Size And Growth
6.Paper Products Segmentation
7.Paper Products Regional And Country Analysis
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27. Paper Products Competitive Landscape And Company Profiles
28.Paper Products Key Mergers And Acquisitions
29. Paper Products Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

• International Paper Company
• Oji Holdings Corporation
• Georgia-Pacific Corporation
• Kimberly Clark Corporation
• Procter & Gamble

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