USD 289.11 Billion
Paper Products Market Size, Share, Growth Analysis, By Product Type(Hygienic Products, Stationery Products, Packaging Products, and Others), By Product(Household, and Commercial), By Distribution Channel(E-commerce Stores, and Offline Stores), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15Q2008 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
71
Paper Products Market Insights
Global Paper Products Market size was valued at USD 289.11 Billion in 2022 and is poised to grow from USD 302.99 Billion in 2023 to USD 440.88 Billion by 2031, at a CAGR of 1.5% during the forecast period (2024-2031).
The global paper products market is a dynamic, diverse business that is essential to many sectors in the global economy. Paper-based goods such as writing and printing paper, tissue products, specialty papers, and packaging materials are all part of this sector.
Numerous factors, including growing populations, consumer tastes, environmental concerns, and technical improvements, impact the demand for paper products. The industry is now heavily focused on sustainability, which has led to initiatives to lessen environmental effects through recycling and the use of sustainable raw materials.
Furthermore, as the sector adjusts to shifting needs for packaging and communication, the paper products market has faced both possibilities and difficulties from growing digital technology. Overall, the paper products market is still growing globally as a result of changing consumer demands and market dynamics, which makes it an important industry that will always be relevant.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Converted Paper Product
Fastest Growth
Converted Paper Product
Growth Rate
1.5% CAGR
Global Paper products market ($ Bn)
Country Share for NORTH AMERICA Region (%)
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Paper Products Market Segmental Analysis
Global Paper Products Market is segmented by product type, Application, Distribution Channel and region. Based on Product Type, the market can be segmented into Hygienic Products, Stationery Products, Packaging Products, and Others. Based on Application, the market is segmented into Household, and Commercial. Based on Distribution Channel, the market is segmented into E-commerce Stores, and Offline Stores. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
One of the market leaders for paper products has historically been converted paper products, which includes goods like cardboard boxes, paper bags, and packaging materials. Their widespread use in a variety of sectors, including retail, food and beverage, and e-commerce, is the main cause of their upper hand. This market has grown and innovated as a result of consumer demand for ecologically sound and sustainable packaging options.
But among the fastest-growing categories are pulp mills products, which are the basic materials used to make paper. This expansion is explained by the paper industry's growing emphasis on sustainability. In order to be more environmentally friendly, pulp mills have started procuring their wood from approved sustainable forests and investing in cleaner production methods. Demand for sustainable pulp products has increased as environmental concerns have gained more significance, and this has made it a major market growth driver.
Analysis by Application
Right now, one of the most popular uses for paper products is packaging paper. This dominance might be linked to the need for recyclable, sustainable packaging solutions as well as the rising demand for packaging materials brought on by the expansion of e-commerce. Furthermore, the growing inclination of consumers towards environmentally sustainable packaging alternatives has stimulated the market for packaging paper.
On the other hand, the paper products market's fastest-growing sector is the sanitary and home paper segment. Population growth, growing urbanization, and increased knowledge of sanitation are the main drivers of this expansion. Paper towels, toilet paper, and facial tissues are among the goods that consumers always have a strong demand for, and producers are always coming up with new, high-quality, environmentally friendly items to meet this need. Because of this, the market for sanitary and home paper is growing quickly and innovating.
Global Paper products market by Type
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Paper Products Market Regional Insights
Among the leading regions in the global paper products market is North America. North America has a substantial customer base and a sophisticated industrial infrastructure, which contribute to its high use of paper products. The region's leading position is a result of both its strong packaging sector and the heightened demand for writing and printing paper. Furthermore, as consumers become more aware of environmental issues, sustainable paper goods become more popular, which increases North America's market share.
But in terms of the global paper products market, Asia-Pacific is developing at the quickest rate. Numerous paper-based items are in high demand due to the region's growing population, urbanization, and rising levels of disposable income. This growth is further stimulated by the packaging industry's explosion, in both the online and offline domains. Asia-Pacific is rapidly expanding in the paper products industry, which is partly due to its strategic location as a manufacturing base and its growing emphasis on environmentally responsible methods.
Global Paper products market by Geography
- Largest
- Fastest
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Paper Products Market Dynamics
Drivers
Sustainability Initiatives
- An important factor driving the paper products market is the growing focus on sustainability. Growing environmental concerns are driving demand for green paper goods from both businesses and consumers. Growth in this direction has been facilitated by the adoption of sustainable practices such as recycling, the use of renewable resources, and lower carbon footprints in the manufacturing of paper.
Restraints
Environmental Concerns
- Concerns about the paper products industry's adverse effects on the environment are a major source of constraint. The industry uses wood as its main raw material, and issues with sustainability have been brought up due to deforestation, carbon emissions, and water use involved in the manufacturing of paper. Production processes become more complex and expensive as a result of this demand to adopt more environmentally friendly methods, recycle, and use alternative resources.
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Paper Products Market Competitive Landscape
The competitive environment in the global market for paper products is defined by a wide range of businesses contending for market share. These companies differ in terms of size, area of expertise, and geographical coverage. Players in the market engage on a number of fronts, such as distribution networks, product quality, innovation, and sustainability programs.
The industry's shift to environmentally friendly methods and the creation of sustainable paper goods have brought up both new possibilities and difficulties. Furthermore, alliances and mergers are crucial in determining the competitive landscape because they allow businesses to broaden their geographic reach and product offerings in an effort to hold a dominant position in this dynamic market.
Top Player’s Company Profiles
- International Paper (US)
- Georgia-Pacific (US)
- Kimberly-Clark Corporation (US)
- Procter & Gamble (US)
- WestRock (US)
- Smurfit Kappa Group (Ireland)
- Stora Enso (Finland)
- UPM-Kymmene Corporation (Finland)
- Mondi Group (UK)
- Svenska Cellulosa Aktiebolaget (SCA) (Sweden)
- Nippon Paper Group (Japan)
- Oji Holdings Corporation (Japan)
- Rengo Co., Ltd. (Japan)
- Nine Dragons Paper Holdings Limited (China)
- Lee & Man Paper Manufacturing Ltd. (China)
Recent Developments
- February 2023: The Chinese government declared that it will be decreasing the subsidies given to the paper industry. This might have an impact on the worldwide market and is anticipated to drive up paper costs in China.
- June 2023: It was announced that the Paper Excellence Group will be buying the Domtar Corporation's assets i.e. the paper industry's biggest acquisition in recent history and it is anticipated to establish a new global leader in the field.
- July 2023: The Chinese government declared that a new R&D center for the paper sector will get a $10 billion investment. It is anticipated that the center will zero in on creating innovative technologies to increase the sustainability and efficiency of paper production.
- August 2023: The International Energy Agency cautioned that the global paper industry is a significant contributor of greenhouse gas emissions. The Agency warned the industry to reduce its emissions by 25% by 2030.
Paper Products Key Market Trends
- Digital Transformation Reshaping Communication and Packaging : The continuous digital transformation impacting packaging and communication is a major market trend in the paper goods business. Manufacturers are being forced to investigate new product niches, such as specialty paper for labels and packaging, as the market for standard printing paper declines due to the increasing popularity of digital media. Furthermore, the explosive expansion of e-commerce increases the demand for creative packaging solutions that protect products throughout transit and improve the unboxing experience.
Paper Products Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global paper products market analysis, the industry is still developing in response to shifting customer tastes, environmental concerns, and developments in technology. In an effort to lessen its influence on the environment, the sector is aggressively seeking eco-friendly procedures and products, making sustainability a key priority.
This change is affecting supply chains, production procedures, and new product creation as businesses try to keep up with the growing demand for sustainable and recycled paper goods. Additionally, the industry has been greatly impacted by digitization, which has decreased the demand for conventional printing paper while opening up potential in the packaging and specialty paper sectors. The growth of e-commerce has increased demand for effective and eco-friendly packaging solutions, spurring innovation in the industry.
Overall, the paper products market is still dynamic, with important factors driving industry players' growth and competitiveness including sustainability, digitization, and flexibility in response to shifting customer demands.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 289.11 Billion |
| Market size value in 2031 | USD 440.88 Billion |
| Growth Rate | 1.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Paper Products Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Paper Products Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Paper Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Paper Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Paper Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Paper Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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