The Paper Products Global Market Report 2023 by The Business Research Company, provides paper products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Paper Products Global Market Report 2023, the global paper products market size will grow from $974.14 billion in 2022 to $1036.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global paper products is expected to grow to $1293.15 billion in 2027 at a CAGR of 5.7%.
Faster Economic Growth – The paper products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries.
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The paper products market 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
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 costs. 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.
The paper products market report table of contents includes:
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