Press release
What's driving the Pulp and Paper Market Growth? Prominent Players: International Paper, Nine Dragon Paper, Stora Enso Oyj, Sappi Limited, Kimberly-Clark Corporation, UPM-Kymmene Oyj, etc
Pulp and Paper Market
The COVID-19 pandemic has led to severe repercussion owing to its widespread effects across several economies. Multiple industries are facing unprecedented economic loss owing to the lockdown announced by the governments across the globe that has resulted in the complete shutdown of businesses. The crippling economy, however, is being revived through collective efforts from the government, as well as the industries and is expected to bounce back in the near future.
The report further mentions that the pulp & paper market size was USD 348.83 billion in 2019 and is projected to reach USD 368.10 billion by 2027, exhibiting a CAGR of 0.8% during the forecast period.
The outbreak of the COVID-19 pandemic has brought the world economy to a risky stage. It has disrupted supply chains, caused shortages of beds in hospitals, and halted production of a wide range of industries. Until a vaccine is found, we don’t know till how long this situation will persist. Our reports would help you in finding the right strategy to battle this pandemic.
To get to know more about the short-term & long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/pulp-and-paper-market-103447
This Report Answers the Following Questions:
• Which region and segment would dominate the market?
• How will the companies surge sales of pulp & paper in 2020?
• Which strategies would be implemented by players to strengthen their positions?
• What are the challenges, opportunities, dynamics, and growth drivers of the market?
Drivers & Restraints-
Rising Shift of Companies towards Environmentally-friendly Solutions will Spur Growth
Pulp & paper are considered to be the most recyclable and sustainable materials used in packaging across the globe. Nowadays, the environmental concerns are surging and this is further compelling the manufacturers to shift towards more eco-friendly paper packaging solutions. Thus, the prominent FMCG, cosmetics, and food companies are joining hands with pulp & paper manufacturers to develop novel paper packaging solutions.
Apart from that, the emergence of the COVID-19 pandemic has raised the demand for tissue papers, especially from hospitals. These factors would contribute to the pulp & paper market growth in the near future. However, as paper industries require huge amounts of wood, the rate of water crisis & deforestation is increasing day by day. It may hinder the growth of the market for pulp & paper.
Segment-
Wrapping & Packaging Segment to Lead Owing to Usage of Paper Based Packaging Products
Based on category, the market is fragmented into newsprint, sanitary, printing & writing, wrapping & packaging, and others. Out of these, the wrapping & packaging segment generated 52.9% pulp & paper market share in 2019 and is likely to dominate in the coming years. This growth is attributable to the rising usage of paper based packaging products. Additionally, the increasing penetration of the retail sector & e-commerce have surged the demand for wrapping & packaging paper.
Browse Complete Research Report Summary: https://www.fortunebusinessinsights.com/pulp-and-paper-market-103447
Regional Analysis-
Asia Pacific to Lead Backed by Increasing Demand for Paper Based Products
Asia Pacific is set to be the leading consumer of pulp & paper in the world. India is expected to showcase a robust growth throughout the forthcoming years because of the high demand for paper based products in the country. In Malaysia, Indonesia, and Vietnam, the increasing economic growth would open doors to opportunities for paper manufacturers. North America, on the other hand, held USD 64.11 billion in terms of revenue in 2019.
Competitive Landscape-
Key Players Focus on Acquisitions & Investments to Intensify Competition
The market consists of numerous enterprises, but International Paper is the leading one. It provides papers of various grades, such as specialty papers, office papers, commercial printing papers, digital papers, and converting papers. Some of the others are mainly focusing on acquisitions and investments strategies to gain a competitive edge. Below are two key industry developments:
April 2020: Nippon Paper Industries Co. Ltd. successfully acquired the paperboard and fiber based packaging business from Orora Limited. It would help Nippon to develop its business in New Zealand, Australia.
April 2019: Georgia-Pacific Corporation announced the investments of USD 120 million in its Naheola Paper Mill for improving its bath tissue business. It purchased a new tissue manufacturing machine and built a tissue storage facility.
Fortune Business Insights™ lists out the names of all the prominent pulp & paper manufacturers operating in the market. They are as follows:
• International Paper (Tennessee, USA)
• Georgia-Pacific Corporation (Georgia, USA)
• Nine Dragon Paper (Holdings) Ltd. (Hong Kong)
• Stora Enso Oyj (Helsinki, Finland)
• Sappi Limited (Johannesburg, South Africa)
• Kimberly-Clark Corporation (Texas, USA)
• UPM-Kymmene Oyj (Helsinki, Finland)
• Svenska Cellulosa Aktiebolaget (SCA) (Sundsvall, Sweden)
• Oji Holding Corporation (Tokyo, Japan)
• Nippon Paper Industries Co., Ltd. (Tokyo, Japan)
• The Smurfit Kappa Group (Dublin, Ireland)
• WestRock (Georgia, USA)
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Pulp and Paper Market:
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Executive Summary
Global Pulp and Paper Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2017-2025. Pulp and paper producers produces and sells cellulose-based products, derived from wood. Packaging paper, graphic paper and…
