Global Paper Products Market Opportunities And Strategies For Major Players In The Paper Products Market 2021-2030
5 Aug, 2021
The paper products market consists of sales of paper products by entities (organizations, sole traders and partnerships) that produce them. The companies in this industry produce paper products from across the spectrum, including converted paper products, unfinished paper and pulp mills which have at-home and industrial applications.
Global Paper Products Market Size And Drivers:
The global paper products market reached a value of nearly $837.46 billion in 2020, having increased at a compound annual growth rate (CAGR) of 2.3% since 2015. The market is expected to grow from $837.46 billion in 2020 to $1,080.64 billion in 2025 at a rate of 5.23%. The growth is mainly due to the increasing demand for paper products due to an increase in e-commerce, thus driving a demand for packaging. The global paper products market is expected to grow from $1,080.64 billion in 2025 to $1,335.65 billion in 2030 at a CAGR of 4.33%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in paper products manufacturing, thus driving the market during the forecast period.
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Trends In The Global Paper Products Market
The paper products market is experiencing a surge in new acquisitions where the competitors in the market are looking to deepen and strengthen their product portfolio. Large players are buying competitor's companies to expand operational capacities. Such acquisitions are also focused to increase the geographical presence of the companies and allowing companies to establish category leadership and eventually increase revenues
Global Paper Products Market Segments:
The global paper products market is further segmented based on type, application and geography.
By Type: Converted Paper Products, Unfinished Paper, Pulp Mills
By Application: Writing Paper, Magazine Paper, Packaging Paper, Sanitary Paper, Other
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
By Geography: The global paper products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global paper products market, accounting for 35.3% of the total in 2020.
Read More On The Report For The Global Paper Products Market At:https://www.thebusinessresearchcompany.com/report/paper-products-global-market
Paper Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides paper products market overviews, analyzes and forecasts market size and growth for the global paper products market, paper products market share, paper products market players, paper products market segments and geographies, paper products market’s leading competitors’ revenues, profiles and market shares. The paper products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.