Paper Products Global Market To Reach Value Of $1 Trillion By 2025
1 Jul, 2021
The paper products market consists of sales of paper products by entities (organizations, sole traders and partnerships) that produce pulp, paper, or converted paper products. Only goods and services traded between entities or sold to end consumers are included.
Global Paper Products Market Size And Drivers:
The global paper products market is expected to grow from $837.6 billion in 2020 to $885.6 billion in 2021 at a compound annual growth rate (CAGR) of 5%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1080.4 billion in 2025 at a CAGR of 5%. The paper products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries.
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Trends In The Global Paper Products Market
The paper industry has been shifting from labor intensive manufacturing processes to automated production facilities. Automation has enabled paper product companies to enhance productivity and reduce production costs. These technologies are also saving energy cost. Control systems such as integrated drive systems (IDS) are improving plant efficiency by minimizing energy consumption and simplifying service and maintenance processes. For instance, Swedish company Stora Enso partnered with Siemens to automate its Skoghall facility.
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
Sub segments 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% of the market in 2020.
Read More On The Report For The Global Paper Products Market At:https://www.thebusinessresearchcompany.com/report/paper-products-global-market-report-2020-30-covid-19-impact-and-recovery
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.