Paper Products Manufacturing Market Characteristics
The plastics product manufacturing 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.
Competitive Landscape of the Paper Products Manufacturing Market
Major players in the global paper products manufacturing market include Georgia-Pacific Corporation, International Paper, Kimberly Clark Corporation, Tetra Laval Group, Svenska Cellulosa Aktiebolaget.
Paper Products Manufacturing Market Size
The paper products manufacturing market size is expected to reach $1.7 trillion by 2022, significantly growing at a CAGR of around 3% during the forecast period. The growth in the paper products manufacturing market is due to high demand for ready to wear apparel products from developed countries and developing countries such as China and India, increasing health consciousness among customers and increase in the taxes levied by many state and national governments, growth of e-commerce and government regulations.
However, the market for paper products manufacturing is expected to face certain restraints from several factors such as lack of available resources, increasing inventory levels, counterfeit products and reduction in free trade.
Paper Products Manufacturing Market Segmentation
The global paper products manufacturing market is further segmented based on type and geography.
By Type - The paper products manufacturing market is segmented into unfinished paper manufacturing, converted paper products manufacturing, pulp mills, among these segments, the unfinished paper products manufacturing market accounts for the largest share in the global paper products manufacturing market.
By Geography - The global paper products manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific paper products manufacturing market accounts the largest share in the global paper products manufacturing market.
Trends in the Paper Products Manufacturing Market
Shift to automation to increase efficiency, environment friendly practices in paper industry, paper market moving towards smart packaging are the major trends witnessed in the global paper products manufacturing market.
Potential Opportunities in the Paper Products Manufacturing Market
With Emerging Markets Growth, Technology Development, the scope and potential for the global paper products manufacturing market is expected to significantly rise in the forecast period.