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Emerging Trends to Drive Paper Products Market Growth at 6.7% 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.Paper Products Market Size Growth Forecast: What to Expect by 2025?
The paper products market has expanded strongly in recent years. Its size is expected to grow from $1009 billion in 2024 to $1071.23 billion in 2025, reflecting a CAGR of 6.2%. Growth was attributed to demand for retail packaging paper and growing awareness of sustainable practices.
How Will the Paper Products Market Size Evolve and Grow by 2029?
In the approaching years, the market size of paper products is predicted to witness robust growth, increasing to $1386.95 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. The anticipated growth during the forecasted timeline can be linked to the swift technological advancements and the escalating demand engendered by e-commerce. The forecast period is expected to see key trends such as 3D printing, the adoption of artificial intelligence, a rise in acquisition activities, the use of recycled materials to produce recyclable products, and an emphasis on sustainability.
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What Drivers Are Propelling the Growth of Paper Products Market Forward?
The growth of the paper products market is primarily fueled by the escalating utilization of packaging-grade paper. This type of paper consists of various kinds or grades that are employed in the packaging industry. The need for sustainable and eco-friendly packaging, heightened consumer awareness about sustainability, and the surge in demand from diverse end-use sectors contributed to the augmented demand for paper products. For example, the American Forest & Paper Association, a trade association based in the US, reported in May 2024 that the total shipments of packaging papers and specialty packaging in August experienced a 12% increment relative to August 2023, with a parallel 12% increase compared to the comparable eight months in 2023. Consequently, the burgeoning use of packaging-grade paper is expected to boost the evolution of the paper products market.
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Which Emerging Trends Are Transforming the Paper Products Market in 2025?
Significant corporations in the paper products market, such as Sealed Air, are directing their efforts towards the creation of technologically innovative solutions, like Brand Ready-To-Roll Embossed Paper, to meet crucial industry needs. This multifunctional paper is utilized in crafting, gift wrapping, printing, and decorating. Sealed Air, a packaging company located in Charlotte, North Carolina, introduced its BUBBLE WRAP Brand Ready-To-Roll Embossed Paper in August 2024. Engineered to provide superior protection for delicate items during transportation, the embossed texture contributes additional cushioning. Its roll format provides ease of dispensing, ensuring packing efficiency. This introduction demonstrates Sealed Air's dedication to sustainability, indicating their emphasis on environmentally friendly protective packaging practices.
What Are the Key Segments in the Paper Products Market?
The paper products market covered in this report is segmented -
1) By Type: Converted Paper Products, Unfinished Paper, Pulp Mills
2) By Raw Material: Wood And Agro Residue, Waste And Recycled Paper
3) By Application: Writing Paper, Magazine Paper, Packaging Paper, Sanitary Paper, Other Applications
Subsegments:
1) By Converted Paper Products: Paperboard Containers, Paper Bags And Sacks, Stationery Products, Sanitary Paper Products
2) By Unfinished Paper: Printing And Writing Paper: Newsprint, Specialty Paper
3) By Pulp Mills: Mechanical Pulp, Chemical Pulp, Recycled Pulp
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Who Are the Key Players Shaping the Paper Products Market's Competitive Landscape?
Major companies operating in the paper products market include International Paper Company, Oji Holdings Corporation, Georgia-Pacific Corporation, Kimberly Clark Corporation, Procter & Gamble, Smurfit Kappa Group PLC, Essity Aktiebolag, Mondi PLC, Nippon Paper Industries Co., Ltd., Cascades, Inc., Hokuetsu Kishu, Ballarpur Industries Limited (BILT), Tamil Nadu Newsprint and Papers Limited, Genus Paper & Boards Limited, Forests Packaging Shanghai Group Co. Ltd., DS Smith PLC, WestRock, Hamburger Containerboard GmbH, Papierfabrik Palm GmbH & Co KG, Svenska Cellulosa Aktiebolaget (SCA), Bio Pappel SAB de CV, Domtar, Verso Paper Holdings, Sociedad Comercializadora de Excedentes Industriales Poliplas Ltda., Stora Enso Oyj, Klabin, Eldorado Brazil Celulose, CMPC Celulose Riograndense, Santher Fabrica de Papel, Celulose Irani, United Carton Industries Company (UCIC), AL-DHAFRA Paper Manufacturing Company, Dubai, AL REMAL Carton and Paper Industry, Tarboosh Packaging Co Llc, Sappi Southern Africa Ltd, Mthembu Paper Mill (Pty) Ltd, Tissue Works (Pty) Ltd.
What Geographic Markets Are Powering Growth in the Paper Products Market?
Asia-Pacific was the largest region in the paper products market in 2024. North America was the second largest region in the paper products market. The regions covered in the paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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