Major companies in the plastics product market include Georgia-Pacific Corporation; International Paper Company; Kimberly Clark Corporation; Tetra Laval Group and Svenska Cellulosa Aktiebolaget.
The global paper products market is expected to grow from $837.46 billion in 2020 to $885.66 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1080.64 billion in 2025 at a CAGR of 5%.
The plastics product market consists of sales of plastics products by entities (organizations, sole traders and partnerships) that produce plastics products. The companies in this industry produce packaging materials, film and sheet, foam products, plastic bottles and all other plastic products which have domestic and industrial applications. These companies use polymers and resins as raw materials which are primarily sourced from polymer suppliers and processes used in plastic products manufacturing include compression molding, extrusion molding, injection molding, blow molding and casting. The plastics product market is segmented into converted paper products; unfinished paper and pulp mills.
Asia Pacific was the largest region in the global paper products market, accounting for 35% of the market in 2020. North America was the second largest region accounting for 26% of the global paper products market. Africa was the smallest region in the global paper products market.
The paper industry has been shifting from labor intensive manufacturing processes to automated production facilities. Automation has enabled paper product companies to enhance productivity and reduce production costs. These technologies are also saving energy cost. Control systems such as integrated drive systems (IDS) are improving plant efficiency by minimizing energy consumption and simplifying service and maintenance processes. For instance, Swedish company Stora Enso partnered with Siemens to automate its Skoghall facility.
Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the paper products manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of ’lock down’ and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the paper products manufacturing market will recover from the shock across the forecast period as it is a ’black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Faster Economic Growth - The paper products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period.
Our reports have been used by over 10K customers, including:
219 pages •
By Global Industry Analysts
• Jan 2021
- StrategyR - A Trademark of Global Industry Analysts, Inc.
- Project Edition: 8
- Influencer Pool: 1031
- MarketGlass™ Platform - Our influencer driven interactive research platform draws from unique perspectives of participating executives from featured companies....
400 pages •
By Future Market Insight Global & Consulting Pvt Ltd
• Nov 2020
A recent market study published on the UVC disinfection product market includes a global industry analysis for 2015-2019 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth...
Brazing Materials Market report 2020 presents a strategic analysis of the global Brazing Materials market over the forecast period from 2020 to 2026. The report presents a unique perspective on the future landscape of how COVID-19 transformed Brazing Materials growth prospects. The overall economic recovery will be the main indicator of the...
Blue prints: Industry revenue will likely return to growth as downstream construction markets recover Abstract Engineering Services in the US Over the five years to 2019, the Engineering Services industry has performed modestly, with industry revenue growing largely in pace with the US economy at large.Revenue...
Mergers and Acquisition in Tech, Media and Telecom (TMT), 2020 Update - Thematic Research
If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&A). This report analyzes the disruptive themes that have driven M&A activity...
424 pages •
By Global Industry Analysts
• Aug 2020
Manufacturing Slump Impacts demand for High Strength Engineering Plastics. UHMWPE Revenues Dip by -6.3%
The global market for Ultra-High Molecular Weight Polyethylene (UHMWPE) is expected to decline by -6.3% in response to the slumping manufacturing activity and thereafter recover and reach US$1.9 billion by the year 2027, trailing...
This report analyses some of the latest developments and innovations in the global textile and apparel industry, including those relating to antiviral textiles and treatments, artificial intelligence (AI), athleisure apparel, colour management, computer-aided design and computer-aided manufacturing (CAD/CAM), cycling apparel, denim, digital...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Precision Parts Market Report
The precision parts market by revenue is expected to grow at a CAGR of over 10% during the period 2019–2025.
The global precision parts market is projected to observe growth on account of the increase in...
754 pages •
By Global Industry Analysts
• Jul 2020
With the manufacturing industry expected to be severely impacted by the virus-led recession, it is a rough weather forecast for Industrial Fasteners in the immediate to short-term period. The market will however grow in the post crisis period to reach a projected global market size of US$92. 6 billion by 2027. An indication of the grim state...
Smart manufacturing market is expected to grow at significant CAGR from 2020 to 2025 The smart manufacturing market is expected to be worth USD 214.7 billion by 2020 and USD 384.8 billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025. Major factors driving the growth of the smart manufacturing market include the...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.