North America Pulp and Paper Market Is Expected to Reach USD 57.32 billion by 2032|Companies- International Paper, Georgia-Pacific Corporation, WestRock, Domtar Inc.

The North America pulp and paper market was valued at USD 56.39 billion in 2023 and is expected to grow from USD 56.53 billion in 2024 to USD 57.32 billion by 2032, reflecting a compound annual growth rate (CAGR) of 0.17% during the forecast period. Fortune Business Insights™ has elucidated these inputs in its latest research report, titled, "North America Pulp and Paper Market, 2024-2032."

According to the study, packaging paper has become highly sought-after across the U.S. and Canada in the wake of the rising footprint of sanitary and specialty papers. Moreover, soaring demand for packaging and the penetration of big data and smart sensors will fuel regional growth. Stakeholders expect the global push for recycling to play an invaluable role in fueling the industry growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/sample/north-america-pulp-and-paper-market-106617

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

▶ International Paper (U.S.)

▶ Georgia-Pacific Corporation (U.S.)

▶ WestRock (U.S.)

▶ Packaging Corporation of America (U.S.)

▶ Domtar Inc. (U.S.)

▶ Graphic Packaging International (U.S.)

▶ Verso Corporation (U.S.)

▶ Resolute Forest Products (Canada)

▶ Sappi Ltd. (U.S.)

▶ Kimberly-Clark Corporation (U.S.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

With respect to category, the market is segmented into printing & writing, wrapping & packaging, news print, sanitary, and others.

In terms of country, the market is segregated into the U.S. and Canada.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞

The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has also delved into Porters' Five Force Analysis SWOT analysis. Quantitative and qualitative assessments have been used to provide a holistic view of the market of North America pulp and paper. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

𝐒𝐞𝐧𝐬𝐨𝐫 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐚𝐧𝐝 𝐒𝐡𝐢𝐟𝐭 𝐓𝐨𝐰𝐚𝐫𝐝 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐔𝐧𝐝𝐞𝐫𝐬𝐜𝐨𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡

With paper mills adopting advanced technologies to boost energy efficiency and streamline information, the North America pulp and paper market growth could witness an upward trajectory. A notable use of advanced sensors could add fillip to the North America pulp and paper manufacturers. Moreover, the penetration of paper recycling to boost transportation, sorting and collection will augur well for the business outlook. The American Forest & Paper Association (AF&PA) claimed that approximately 65.7% of paper consumed in the U.S. was recycled in 2020. Favorable policies across New Jersey, Wisconsin, California, Pennsylvania and Rhode Island will foster regional growth.

That said, the rising preference for digital media in the print and education industries has challenged leading companies in the landscape.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/north-america-pulp-and-paper-market-106617

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The U.S. is expected to provide lucrative growth opportunities following the wrapping & packaging solutions trend. The U.S. pulp and paper manufacturers and suppliers are slated to gain traction from the availability of raw materials and investments in technological advancements in paper manufacturing. It is worth noting that sustainable paper packaging could add fillip to regional growth. So much so that recyclable packaging has become the go-to trend in online retailing, boding well for the business outlook.

Canada is expected to contribute notably toward the North America pulp and paper market share, largely due to the rising footfall of recyclable packaging. Besides, rising concern about the non-recyclability of plastics is poised to encourage end-users to invest in sustainable products. In essence, pharmaceutical, food & beverage and fast-moving consumer goods companies have upped investments in sustainable packaging across Canada.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧- https://www.fortunebusinessinsights.com/north-america-pulp-and-paper-market-106617

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Major Players Invest in Product Portfolio Expansion to Tap Markets

Well-established players and new entrants are slated to inject funds into mergers & acquisitions, product launches, R&D activities, and innovation. With focus shifting toward AI and sensors, industry players are likely to boost their strategies.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭

𝑭𝒆𝒃𝒓𝒖𝒂𝒓𝒚 2022: Georgia-Pacific announced a USD 20 million expansion of the oriented strand board (OSB) facility in South Carolina. The company contemplates bolstering its position in the regional paperboard market.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬-

Pulp and Paper Market- https://www.fortunebusinessinsights.com/pulp-and-paper-market-103447

Tissue Paper Market- https://www.fortunebusinessinsights.com/tissue-paper-market-102847

Thermal Paper Market- https://www.fortunebusinessinsights.com/thermal-paper-market-102811

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This release was published on openPR.