The global market for paper and paperboard manufacturing reached $482.4 billion in 2017. The market should reach $523.6 billion by 2022, at a compound annual growth rate (CAGR) of 1.7% during 2017-2022
NEW YORK, Feb. 26, 2018 /PRNewswire/ -- The global market for paper and paperboard manufacturing reached $482.4 billion in 2017. The market should reach $523.6 billion by 2022, at a compound annual growth rate (CAGR) of 1.7% during 2017-2022.
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• Western Europe market for paper and paperboard manufacturing reached $56.6 billion in 2017. The market should reach $63.3 billion by 2022, at a CAGR of 2.3% during 2017-2022.
• Asia-Pacific market for paper and paperboard manufacturing reached $231.5 billion in 2017. The market should reach $250.2 billion by 2022, at a CAGR of 1.6% during 2017-2022.
Chapter 1: Introduction
BCC Research's goal in performing this study was to determine the global market and future demand growth for paper and paperboard manufacturing over the five-year period from 2017 through 2022. Of particular focus was characterizing and quantifying the potential of the market for paper and paperboard manufacturing by geography and product (i.e., paper manufacturing and paperboard manufacturing).
The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed. Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-the-art is in paper and paperboard market and forecast the future commercial potential for the key market segments.
This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit paper and paperboard manufacturers, providers of raw materials, users of paper and paperboard, governments around the world and others.
Study Goals and Objectives
• To sum up the global paper and paperboard manufacturing market size.
• To estimate the growth rate of the global paper and paperboard market.
• To segment the market in the deepest possible way.
• To provide market numbers and growth rates at geographically.
• To identify major drivers and restraints.
• To identify key trends and technology updates in the field.
Reasons for Doing This Study
Increasing demand for paper packaging by large companies in the FMCG, retail, hospitality, and pharmaceutical industries has led to an increase in the demand for paper and paperboard manufacturing globally. Global industry leaders and large organizations see an expanded role for product development, investment in predictive maintenance, and automatic guided vehicles in the paper and paperboard manufacturing industry.
The global paper and paperboard manufacturing market is growing due to increased demand for packaged food, FMGC products, and processed meat from growing middle class and younger population. These factors along with technological advances such as tissue softness analyzers, big data, and IoT technologies are expected to drive the paper and paperboard manufacturing industry.
The market for paper and paperboard manufacturing is consolidated with a few large players, playing a leading role the market. Major players in the market include International Mill, Kimberly Clark, WestRock, Svenska, Smurfit and others.
Scope of Report
This research report categorizes the paper and paperboard manufacturing market by type. Product type include paper manufacturing and paperboard manufacturing.
Information Sources
• Public information via annual reports to shareholders as well as other government reports that are available for public review.
• Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
• Online research including third-party references.
• Trade associations, directories and publications.
• Telephone interviews with both current customers and prospects.
• Various private industry sources.
Methodology
The research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.
Market numbers have been calculated in constant U.S. dollars.
Currencies $ stands for US Dollar. € stands for Euro. All other currencies are given with ISO currency codes.
Geographic Breakdown
In this report, the geographic regions considered for market analysis include, and only include:
• Asia-Pacific.
• North America.
• South America.
• Western Europe.
• Eastern Europe.
• Middle East.
• Africa.
Paper And Paperboard Manufacturing Market, BY SEGMENT
Paper Manufacturing
Paperboard Manufacturing
Paper And Paperboard Manufacturing Market, BY REGION
Asia-Pacific
North America
Western Europe
South America
Eastern Europe
Middle East Africa
Chapter 2: Summary and Highlights
Emerging market growth, low interest rate environment, rising population and the need for packaged goods is driving the demand for paper and paperboard products. At the same time the global paper and paperboard market is being restricted due to digitalization, and increasing use of plastic.
The market for paper and paperboard reached a value of nearly $482.4 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 1.7% to nearly $523.6 billion by 2022.
The market for paper and paperboard is concentrated with a few large players leading the market. Major players in the market are International Paper, Kimberly Clark, WestRock Company, Svenska Cellulosa Aktiebolaget (SCA) and others.
Paper manufacturing accounted for the largest share of the market for paper and paperboard in 2017 at 57%. The highest growth is also projected to come from paper board manufacturing which is forecasted to grow at a CAGR of 2.6%.
Asia-Pacific is the largest market for paper and paperboard manufacturing, accounting for 48% of the global market. It was followed by North America and Western Europe. Going forward, South America is expected to witness the fastest growth in the paper and paperboard market, estimated at grow at a CAGR of 7.1%, followed by Western Europe, which is expected to grow at a CAGR of 2.3%.
China is the largest market in terms of value and in the paper and paperboard market. Brazil and India are forecasted to have the fastest growth, at a CAGR of 7.1% and 6.9% respectively.
The market is challenged by restraints such as digitization, increasing interest rates and declining prices of plastic.
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