The global paper products market size is expected to grow from $890.44 billion in 2021 to $958.80 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The paper product market is expected to grow to $1,234.22 billion in 2026 at a CAGR of 6.5%.
What is the Global Paper Products Market?
The paper products market consists of sales of plastics products by entities (organizations, sole traders and partnerships) that produce plastics products. The companies in this industry produce packaging materials, film and sheet, foam products, plastic bottles and all other plastic products which have domestic and industrial applications. These companies use polymers and resins as raw materials which are primarily sourced from polymer suppliers and processes used in plastic products manufacturing include compression molding, extrusion molding, injection molding, blow molding and casting.
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What drives the Global Paper Products Market?
The paper products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2021 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period.
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Global Paper Products Market Segments
The global paper products market is segmented:
By Type: Converted Paper Products, Unfinished Paper, Pulp Mills
By Raw Material: Wood and Agro Residue, Waste and Recycled Paper
By Application: Writing Paper, Magazine Paper, Packaging Paper, Sanitary Paper, Others
By Geography: The regions covered in the paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Paper Products Global Market Report 2022provides market size and growth forecasts for the global paper products market, global paper products market share, paper products market segments and geographies, paper products market competitive landscape including 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.
Global Paper Products Industry Players include International Paper Company, Kimberly Clark Corporation, Procter & Gamble, WestRock Company, Essity AB, Oji Holdings Corporation, Smurfit Kappa Group PLC, Suzano Papel e Celulose S.A., Nine Dragons Paper (Holdings) Limited and DS Smith plc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
