According to the latest market report published by Transparency Market Research, titled ‘Printing Paper Market’: Global Industry Analysis and Forecast 2017-2025’, global printing paper market is estimated to be at US$ 56,189.4.5 Mn by 2018 end and is expected to grow at a CAGR of 4.9% during the forecast period (2018-2028). The market has witnessed solid growth during the past few decades, owing to drastically increasing consumption of paper.
The concern for government authorities regarding the dumping of plastic waste and to use paper so that it can get recyclable very easily is considered to be the prominent factor which is driving the growth of the global printing paper market. Growing preference for print marketing by using printing paper, and increase in need of sustainable paper use are some of the prominent factors which are expected to fuel the market of global printing paper market.
The global printing paper market, by paper type, has been segmented into coater paper and non-coated paper. Coated paper type segment is likely to gain higher preference over non-coted, resulting in a higher market value share as well as CAGR over the forecast period. By distribution channel, the market is segmented into hypermarket, retail stores, convenience, and ecommerce. The retail stores segment is estimated to increase in market share from around 42% in 2017 to more than 43% by the end of 2028. Ecommerce will be the fastest growing segment, according to the report.
On the basis of application, the global printing paper market is segmented into newspaper, industrial, commercial, books and magazines and others. The commercial segment accounts for the highest market share in terms of value, whereas the newspaper segment is estimated to witness the highest growth.
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The growth of the commercial segment is primarily attributed to a range of applications, including printing labels, magazines, books, paper bags, newspaper, financial reports, and others. Among regional market segments, Transparency Market Research expects APEJ to lead the global printing paper market, registering the highest CAGR of 6.1% during the forecast period, in terms of value. Western Europe and North America will be the next key markets, as per the research.
The market players that have been profiled include International Paper Company, Georgia-Pacific LLC, DS Smith Packaging Limited, Oji Holdings Corporation, Pratt Industries, Inc, Great Little Box Company Ltd., WestRock Company, Smurfit Kappa Group Plc, KapStone Paper and Packaging Corp, Stora Enso Oyj, Sonoco Products Company, Mondi Group plc, VPK Packaging Group nv, Mayr-Melnhof Karton AG, Clearwater Paper Corporation, Nippon Paper Industries Co., Ltd, Metsa Board Corporation, Evergreen Packaging Inc.