Overview and Scope
Paper products refers to items made up of paper products or commodities, such as paper towels, napkins, corrugated paper, and similar forms of cellulosic products that contain no more than 10% of non-cellulosic material by weight or volume, such as laminates, binders, coatings, or saturates.
Sizing and Forecast
The paper products market size has grown strongly in recent years. It will grow from $1059.15 billion in 2023 to $1134.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increase in demand for packaging paper from retail companies and growing awareness about sustainable practices.
The paper products market size is expected to see strong growth in the next few years. It will grow to $1474.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rapid advances in technology and growing demand from e-commerce. Major trends in the forecast period include 3d printing, implementation of artificial intelligence, increasing acquisition activities, utilizing recycled materials and produce recyclable products and focus on sustainability.
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Segmentation & Regional Insights
The paper products market covered in this report 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
Asia-Pacific was the largest region in the paper products market in 2023. North America was the second largest region in the paper products market. The regions covered in the paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased use of packaging-grade paper is driving the growth of the paper products market going forward. Packaging-grade paper encompasses the diverse varieties or classifications of paper utilized within the packaging sector. The increasing demand from various end-use industries, growing awareness regarding sustainability among consumers, and the need for eco-friendly packaging increased the demand for the paper products. For instance, in July 2022, according to EUWID Europäischer Wirtschaftsdienst GmbH, a Germany-based independent trade press publisher, the production of packaging grade paper in 2021 surged by 7.1% compared to 2020, reaching the highest level ever recorded in Europe. Therefore, the increased use of packaging-grade paper will propel the paper products market growth.
Key Industry Players
Major companies operating in the paper products market report are International Paper Company, Oji Holdings Corporation, Georgia-Pacific Corporation, Kimberly Clark Corporation, Procter & Gamble, Smurfit Kappa Group PLC, Essity Aktiebolag, Mondi PLC, Nippon Paper Industries Co., Ltd., Cascades, Inc., Hokuetsu Kishu, Ballarpur Industries Limited (BILT), Tamil Nadu Newsprint and Papers Limited, Genus Paper & Boards Limited, Dalian Rising International Trading Co. Ltd., Qingdao Ingwell International Trade Co., Ltd., China Ningbo Bestlite Imp. & Exp. Co. Ltd., Shenzhen XJC Technology Co. Ltd., Forests Packaging Shanghai Group Co. Ltd., DS Smith PLC, WestRock, Hamburger Containerboard GmbH, Papierfabrik Palm GmbH & Co KG, Svenska Cellulosa Aktiebolaget (SCA), Tetra Laval Group, Bio Pappel SAB de CV, Corning Incorporated, Schott AG, Gerresheimer AG, Nipro Corporation, Domtar, Verso Paper Holdings, Avery Dennison Corporation, Sociedad Comercializadora de Excedentes Industriales Poliplas Ltda., Wtrade Export, Stora Enso Oyj, Klabin, Eldorado Brazil Celulose, CMPC Celulose Riograndense, Santher Fabrica de Papel, Mili, Celulose Irani, United Carton Industries Company (UCIC), AL-DHAFRA Paper Manufacturing Company, Dubai, AL REMAL Carton and Paper Industry, Tarboosh Packaging Co Llc, Sappi Southern Africa Ltd., Mthembu Paper Mill (Pty) Ltd., Tissue Works (Pty) Ltd.
The paper products market report table of contents includes:
1. Executive Summary
2. Paper Products Market Characteristics
3. Paper Products Product/Service Analysis -Product/Service Examples
4. Paper Products Market Trends And Strategies
5. Paper Products Market – Macro Economic Scenario
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31. Belgium Paper Products Market
32. Denmark Paper Products Market
33. Finland Paper Products Market
34. Ireland Paper Products Market
35. Netherlands Paper Products Market
36.Appendix
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