Paper Products Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2020-2027

The global paper products market size is projected to surpass USD 280 billion by 2027, according to a new report by Vision Research Reports.

The global paper products market size was estimated at USD 270 billion in 2020 and is expected to register a CAGR of 0.7% from 2020 to 2027.

Major factor driving the market includes rising demand for paper packaging in the FMCG, pharmaceutical, and hospitality industries. Growing awareness about the adverse effects of using plastic packaging is also boosting the demand for paper products.

Application Insights

Packaging paper was the largest application segment in 2019. It is further expected to grow at a CAGR of 1.2% from 2020 to 2027. Major factors responsible for the growth include the product features like biodegradability and recyclability. Initially, the packaging segment was dominated by plastic materials. However, innovation in packaging paper technique has disrupted the market as these materials can be manufactured in a cost-efficient method.

Some of the manufacturers offer customizable paper packages to meet the specific needs of the customer. Some of the customized paper bag suppliers are PAPER MART, Barry Packaging, and Etsy, Inc. Printing and writing was the second-largest segment. Offset printing and laser images are the major categories that create product demand in this segment.

Regional Insights

Asia-Pacific was the largest market for paper products in 2018 and accounted for 36.80% of the market share. Key factors behind this growth include growing industrialization across the region. The newsprint category is facing a little slowdown as consumers are shifting towards digital platforms. Asia Pacific is the fastest-growing regional market with a CAGR of 2.7% from 2020 to 2027.

Increasing awareness about the adverse effects of plastic products and growing disposable income, especially in developing countries like China and India, are expected to boost the market growth. Rapid industrialization is also projected to contribute to market development. China, in particular, is the largest market in the Asia Pacific due to the strong presence of key companies, such as Quanzhou Sinowise Machinery Co. Ltd. and Samson Paper Holdings Ltd.

Key Players

The industry is highly competitive with the presence of many local and international companies. Some of the key companies include Kimberly-Clark Corp.; Procter & Gamble; KP Tissue, Inc.; Cascades, Inc.; and Georgia-Pacific. These companies focus on new product launch and technological innovations to estimate existing and future demand patterns and to maintain their industry positions.

Market Segmentation

Application Outlook

• • Graphic Paper

  • Sanitary & Household

  • Packaging Paper

  • Other Paper

Regional Outlook

• • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • India

    • China

    • Japan

    • Thailand

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia