Paper Products Market By Reports And Data
Paper Products Market To Reach USD
281.75 Billion By 2027
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Market Summary
The growing awareness regarding sustainable
packaging and increasing popularity of paperboard
packaging is driving the growth of the market.
Market Size – USD 269.76 Billion in 2019, Market
Growth - CAGR of 0.5%, Market Trends – High
demand from developing nations.
M a Orkuetr S Aumpmparroyach
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.
Key participants include 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.
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M a r kOeut Sru Ampmparyoach
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
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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…Continued
Read More @ https://www.reportsanddata.com/report-detail/paper-products-market
A b oOuutr U Aspproach
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