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Unfinished Paper Market on Track for Strong Growth, Estimated to Grow at 5.8% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Unfinished Paper Market Through 2025?
Over the past few years, the market size for unfinished paper has seen significant growth. There's an expected increase from $350.28 billion in 2024 to $374.27 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the historic period includes the state of the economy, governmental policies, consumer choices and environmental considerations.
What's the Projected Size of the Global Unfinished Paper Market by 2029?
In the coming years, the market size for unfinished paper is anticipated to witness substantial expansion. The market is projected to reach $469.26 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%. This growth during the forecast period could be due to factors such as the demand from e-commerce and packaging, the rise in digitalization, global trade, and market expansion. Key trends for this period encompass digital printing and individualization, technological advancements and automation, along with market merging and acquisitions.
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Top Growth Drivers in the Unfinished Paper Industry: What's Accelerating the Market?
The incomplete paper market is predicted to profit from the anticipated constant economic progress in several industrialized and growing nations. The forecast by the Organization for Economic Co-operation and Development indicates that the growth of the UK's gross domestic product will be modest, at 0.3% in 2023, and that there will be a slight improvement to 1.0% by 2024. Furthermore, it is expected that developing markets will outpace their developed counterparts slightly in the forecasted timeframe. Higher economic growth is expected to stimulate public and private investments, collaborations, and overseas direct investments in the end-user markets, thus propelling the market during this projected period.
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What Trends Will Shape the Unfinished Paper Market Through 2029 and Beyond?
The process of production in paper mills is becoming more streamlined and expedited, thanks to the incorporation of sensor and wireless technologies. These sensors are providing valuable information to enhance operational efficiencies and decrease the likelihood of malfunctions. Wireless technology is playing a substantial role in the deployment of sensor technology within these manufacturing plants. For example, sensors are utilized to identify machinery deterioration and product flaws. A few companies that provide sensor technology to paper industries are SENSIT, Baumer, and Hansford sensors.
What Are the Main Segments in the Unfinished Paper Market?
The unfinished paper market covered in this report is segmented -
1) By Type: Paper And Paperboard, Newsprint
2) By Pulping Method: Mechanical Pulping, Chemical Pulping, Combined Process
3) By End-Use Industry: Food, Agricultural Industry, Chemicals, Building Materials, Other End Use Industries
Subsegments:
1) By Paper And Paperboard: Coated Paper, Uncoated Paper, Corrugated Paper, Cartonboard
2) By Newsprint: Standard Newsprint, Specialty Newsprint
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Which Top Companies are Driving Growth in the Unfinished Paper Market?
Major companies operating in the unfinished paper market include Oji Holdings Corporation, Nine Dragons Paper Limited, upm-kymmene oyj, Nippon Paper Industries Co. Ltd., Rengo Co. Ltd., Shandong Chenming Paper Holdings Limited, Stora Enso Oyj, Domtar Corporation, Metsa Board Oyj, PT. INDAH KIAT PULP & PAPER TBK., Sappi Limited, Lee & Man Paper Manufacturing Limited, Svenska Cellulosa AB, Smurfit Kappa Group plc, Mondi plc, Georgia-Pacific LLC, International Paper Company, WestRock Company, Clearwater Paper Corporation, Verso Corporation, Resolute Forest Products Inc., Catalyst Paper Corporation, Burgo Group Spa, Asia Pulp & Paper Co. Ltd., Norske Skog ASA, SCA Tissue North America LLC, Twin Rivers Paper Company Inc., Finch Paper LLC, ND Paper LLC, Expera Specialty Solutions LLC, Pixelle Specialty Solutions LLC, Glatfelter Corporation.
Which Regions Will Dominate the Unfinished Paper Market Through 2029?
Asia-Pacific was the largest region in the unfinished paper market in 2023. North America was the second largest region in the unfinished paper market. The regions covered in the unfinished paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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