Published on : May 16, 2018
Albany, New York, May 16, 2018: In the recent past, increasing consumption of paper all over the world has given a significant boost to the printing paper market. Upward preference for print marketing by using printing paper, and need of sustainable paper are projected to fuel the market of global printing paper market, finds a new study broadcasted to the wide repository of Market Research Hub (MRH). The study is of 191-page, titled “Printing Paper Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028”, which mainly offers a comprehensive assessment of this market to readers by examining the trends, driving forces, restraints, and opportunities and the impact of these factors on the global market scenario of printing industry between 2018 and 2028.
Forecast and Geographical Expansion of the Market
With the significant growth of the paper industry, printing paper market is expected to witness exponential growth on a global level. The report comprises the forecast of the global revenue generated by sales of printing paper market across the retail industry. According to the study evaluations, the global market for printing paper will be valued at over US$ 90 Bn by the end of 2028. At present, the market currently values near US$ 53 Bn and is probably to expand sustainably at a CAGR of 4.9% over 2018-2028.
In order to identify future prospects of the market, the report is categorically divided into four key sections on the basis of paper type, distribution channel, application and region. The geographical segmentation is the most important part of the study, which enlightens readers that where the market stands to gain. The market has been segmented into six regions: Europe, North America, Latin America, Asia Pacific and MEA.
- 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.
- According to the study, Asia Pacific excluding Japan (APEJ) is estimated to capture the largest value share in printing paper market.
- On the basis of application, the global printing paper market is segmented into the newspaper, industrial, commercial, books and magazines and others. The commercial segment accounts for the highest market share in terms of value, however the newspaper segment is estimated to witness the highest growth in the coming years. By paper type, the market has been segmented into coater paper and non-coated paper.
At last, the competitive landscape section of the report highlights few of the key players in the global printing paper market. They are International Paper Company, Georgia-Pacific LLC, DS Smith Packaging Limited, Oji Holdings Corporation, Nippon Paper Industries Co., Ltd, VPK Packaging Group nv, Pratt Industries, Inc, WestRock Company, Smurfit Kappa Group Plc, KapStone Paper and Packaging Corp, Sonoco Products Company, Mondi Group plc, Clearwater Paper Corporation, Metsa Board Corporation, Evergreen Packaging Inc.
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