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Paper Products Market Research, 2025 | Industry Growth Report

Paper Products Market Analysis Report By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619530  |  Published: April 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global paper products market was sized USD 268.8 billion in 2018. The market is anticipated to witness a CAGR of 0.3% during the forecasted years. The increase in the demand for paper across all industries such as hospitality services, pharmaceuticals, FMCG and retail is expected to drive the market growth in the upcoming years. The rising demand for such products owing to the declining usage of plastics for packaging has paved the way for paper manufacturing which has higher durability and strength.

The use of paper for packaging is gaining more acceptance in consumer products and the food and beverage industry. Moreover, factors such as global warming, biodegradability, and decomposition of used plastics are some of the key factors providing traction to the paper products market. As the paper products can be used as a substitute for these plastic products and are easily recyclable, their market is expected to expand rapidly in the upcoming years.

North America paper products market

The industry of Quick Service Restaurant (QSR) is also the largest consumer for packaging purposes. This growth can be attributed to the increase in the consumption of packed or ready-to-cook foods due to the busy work schedule among the working population. Also, the availability of fresh food at food trucks and other food franchises has boosted the demand for paper as a packaging material. For example, the chain of McDonald's’ or Domino’s offers delivery of food items with paper packaging thereby increasing the consumption of paper.

The method of recycling the paper for reusing it is also becoming popular among the paper manufacturers. Various types of papers, cardboards, and other paper materials can get recycled and then used for applications such as shipment and packaging. The majority of the leading companies have undertaken initiatives to use paper products for packaging. For example, Pepsico Inc. has committed its customers to use 100% recyclable paper packaging material for its products by 2025. 

Application Insights

The application segment of paper packaging held the largest share during the year 2018 and is anticipated to register a CAGR of 0.6% during the forecasted years, 2019 to 2025. This growth can be attributed to the number of product features such as recyclability and biodegradability. The shifting trends in the packaging industry from the usage of plastics to usage of paper which are durable, and reusable is anticipated to boost the market growth in the upcoming years.

Many manufacturers also offer customized paper packaging for their products as per the demand of the consumers. The major customized paper bag suppliers include Barry Packaging, Etsy Inc., and PAPER MART.

The application segment of printing and writing held the second-largest share during the year 2018. The need for laser images and offset printing has resulted in the growth of this segment.

Regional Insights

In 2018, the region of Asia Pacific dominated the global paper products market with a share of 36.65%. The factors contributing to this growth are rising population and rapid industrialization across this region. The demand for news printing paper is facing a decline across this region due to the shifting trend towards digital platforms among the consumers. This region is expected to grow at the fastest CAGR of 2.3% during the forecasted period, 2019 to 2025.

Global paper products market

Rising awareness about the hazardous effects of plastics for packaging across developing countries like India and China is expected to drive the market for such products in the future. China is considered as the largest market across the Asia Pacific region owing to the presence of many key manufacturers such as Samson Paper Holdings Ltd. and Quanzhou Sinowise Machinery Co. Ltd.

Paper Products Market Share Insights

The market is anticipated to be highly competitive owing to the increasing number of brands and their presence across the globe. The key players such as Kimberly-Clark Corporation; KP Tissue, Inc; ST Paper LLC and Irving Consumer Products Limited. These players are majorly focusing on product development, technical advances, and market penetration to boost their sales.

The manufacturers are also focusing on acquisitions and mergers to penetrate the untouched market and to expand their product portfolio. For example, Essity Aktiebolag made an investment of USD 105 million in a tissue manufacturing plant at Mexico location to increase the sales under the brand name of Regio. 

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., France, China, India, Japan, Thailand, Australia, Brazil,

Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global paper products market report based on application, and region:

• Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 - 2025)
    • Graphic Paper
    • Sanitary & Household
    • Packaging Paper
    • Other Paper

• Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • India
        • China
        • Japan
        • Thailand
        • Australia
    • Central & South America
        • Brazil
    • Middle East & Africa
        • Saudi Arabia

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