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.
Many countries in the world like China, Bangladesh, Italy, South Africa, and Kenya have banned the use of plastic bags. This has led to a search for alternate materials that can be used for packaging, thus increasing the demand for the Paper Products Market. An increase in the demand for takeaways and delivery of food products is also leading to a rise in the demand of the market from the Quick Service Restaurants (QSR), as they are one of the significant consumers of paper products.
Companies considered and profiled in this market study:
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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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.
On the other hand, there is a soaring demand for the sanitary paper segment, due to an increasing number of people stocking items like toilet paper and some other hygienic products in their homes. This is leading to an increase in the demand for the Paper Products market.
Further key findings from the report suggest
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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)
Application Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)
Raw Material Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)
Regional Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)
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Benefits of Purchasing Global Paper Products Market Report:
comprehensive analysis and recommendations on the basis of qualitative and quantitative analysis.
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Indicative Metrics
Chapter 4. Paper Products Market Segmentation & Impact Analysis
4.1. Paper Products Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
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Finally, all aspects of the Paper Products market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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