Snapshot: Global Pulp & Paper Industry
The Global Pulp & Paper Industry is set to grow at a rate of 2.8% each year from 2014-2019. This is based upon on an intensive research involving industry major suppliers like BASF SE, Dupont, and Akzo Nobel etc. As per the prediction Asia Pacific will emerge as the most promising market for Paper & Pulp Industry growing at a rate of 4.0% each year. The Paper market is surging ahead with the rise in demand.
The major driver for demand of Paper in the global markets is due to increase in usage of specialty papers in Packaging as well printing applications. Favorability towards the Industry is also making the paper sector set to boom in the years to come with the increase of usage from developing countries, forcing manufacturers to set up bases in the region.
Recycling of paper has also registered significant growth in the recent past due to demand for various specialty chemicals, pushing Pulp & Paper Industry a key revenue generator.
Demand for paper in countries such as India, where it’s booming literacy rate helping in rise of usage in printing technology and performances are expected to drive the market further. Indian government inclination towards the manufacturing of various paper products will help the manufacturers to setup industries on a war-footing basis.
The demand for Packaging & Labeling from various e-commerce platforms is also making Pulp & Paper Industry to boom. As most of the businesses worldwide are streamlined to online retail marketing is directly dependent on packaging products. Global Pulp & Paper industry is worth of more than $300 Billion and forecasted to touch $500 Billion soon by 2016.
The number of industries registered in Paper & Pulp Industries consists of approx 5000 globally and this would exclude equal share of small & minor industries. This number is set to grow drastically with more demand rising from Developing countries. Manufacturers are also adapting to new technologies that are environmental friendly and better water management facilities in order to increase the efficiency of Paper Production.
The markets in Americas & the European Union are already saturated and the focus is targeted primarily in Asia due to which plantation of raw pulp is concentrated in countries like Indonesia, India, Thailand and China. Whereas the demand is huge in China and India, set to grow more in coming years.
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