The global Paper Products market is forecasted to reach USD 281.75 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge in demand owing to the increasing demand for packaging paper from large organizations in the hospitality, pharmaceutical, retail, and FMCG industries. Advancements in technological developments have led to the manufacturing of packaging paper having high durability and strength. However, the environmental challenges due to deforestation and the high cost of raw materials are hampering the market demand.
Due to the growing awareness about the ill-effects of plastic packaging products like non-biodegradability, health problems, and global warming, consumers and organizations are now shifting towards sustainable packaging products, such as paper, thus driving the demand for the paper products market. A new emerging trend is the use of recycled paper, which is now being seen as a substitute for plastic waste, which is also leading to a surge in the demand of paper products.
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The COVID-19 impact:
As the COVID-19 crisis grows, there is a mixed reaction to the demand of the Paper Products Market, since the different segments are reacting differently to the Pandemic. The demand for writing and printing papers is going down due to the shutting down of schools and colleges in many countries. Also, since office employees are being forced to work from home, their work is being done mostly through electronic gadgets like laptops and mobile phones, among others, reducing the demand.
The Paper Products research report draws focus on the strengths and weaknesses of the key players of the market through a comprehensive SWOT analysis and Porter’s Five Forces analysis to project the growth rate.
Top Companies Profiled in this Report are:
ST Paper LLC, First Quality Enterprises, Inc., Clearwater Paper Corporation, Irving Consumer Products Ltd., Cascades Inc., Essity Aktiebolag, KP Tissue, Inc., Georgia Pacific, Procter & Gamble, and Kimberly-Clark Corporation, among others.
For the purpose of this report, Reports and Data have segmented into the global Paper Products market on the basis of product, application, raw material, and region:
Product Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)
- Writing and Printing Paper
- Magazine Paper
- Packaging Paper
- Sanitary Paper
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)
- Sanitary Maintenance
- Industrial Packaging
- Food Service Disposables
- Others
Raw Material Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)
- Recycled and Waste Paper
- Wood and Agro Residue
Paper Products market segmentation by geographical regions, the report has analysed the following regions-
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Further key findings from the report suggest
- Packaging paper occupied the largest market share in 2019, and it is forecasted to grow at a CAGR of 0.3% in the forecast period. This is major because of the benefits that paper packaging provides, like recyclability and biodegradability.
- By raw materials, Recycled and Wastepaper occupied around 33.0% of the market share in 2019, and it is forecasted to grow at a CAGR of 0.8% in the forecast period. This growth rate is higher due to the increasing awareness among customers regarding the benefits that recycled paper provides to the environment.
- In terms of application, industrial packaging occupied the largest market share in 2019 and is forecasted to grow at a CAGR of 0.3% during the forecast period. This is due to the benefits that paperboard packaging provides, such as recyclability, eco-friendly, and low handling costs.
- The Asia Pacific region is forecasted to grow at the fastest CAGR of 1.9% in the forecast period. This is primarily because of the growing industrialization in the region and the increasing awareness about the harmful effects of plastics. Also, the disposable income is growing in this area, especially in India and China, leading to higher demand.
- In May 2020, India developed a new paper-based strip for testing of COVID-19 patients in a large number. Since this was designed for mass testing, it will certainly raise the demand for the period.
Key Objectives of the Paper Products Market Report:
- Analysis and forecast of the Global Paper Products Market by segmentation of the market
- Analysis of various macro and micro-economic factors influencing the growth of the Paper Products market
- Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
- Insights into drivers, restraints, opportunities, limitations, threats, and challenges
- Analysis of the key players operating in the industry
- Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans
In conclusion, the report offers an extensive panoramic view of the Paper Products industry, backed by key statistical data and figures garnered from authentic sources and thorough primary and secondary research. The report offers a thorough examination of the size, shape, and volume of the market to offer an accurate forecast estimation of the Paper Products industry till 2027. The report also strives to offer strategic recommendations to the new players entering the Paper Products industry and guide them for overcoming entry-level barriers. It also offers recommendations to the established companies to fortify their presence in the Paper Products market and capitalize on the emerging opportunities in the industry.
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
