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The global pulp and paper market size is anticipated to witness stellar growth be reaching USD 370.12 billion by 2028. Fortune Business Insights™, in its report, titled, “Pulp and Paper Market Size, Share & COVID-19 Impact Analysis, By Category (Wrapping & Packaging, Printing & Writing, Sanitary, News Print, and Others), and Regional Forecast, 2021-2028”, observes that market size stood at USD 349.18 billion in 2020 and USD 351.51 billion in 2021. It is further expected to exhibit a CAGR of 0.74% between 2021 and 2028. The increasing environmental concerns augment the demand for eco-friendly packaging, and the expanding demand for eco-friendly packaging is likely to boost the market’s growth.
Smurfit Kappa Group to Acquire Burgo Group’s Containerboard Business
In August 2021, Smurfit Kappa Group, a leader in paper-based packaging solutions, announced its plan to acquire Burgo Group’s containerboard business for 360 million euros. The payment will be made full in-cash and the company aims to optimize its production and increase consumer outreach across Southern Europe and the associated markets with this acquisition. The acquisition will strengthen the unique integrated operating model of the group and also reflect additional security of supply for the company’s consumer base.
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Expanding Online Retail to Stimulate Market Growth
Paper is an exemplary recyclable and sustainable packaging material, and advanced paper packaging solutions are likely to benefit the market. The growing environmental concerns have compelled consumers and manufacturers to adopt sustainable paper packaging solutions. The sustainable packaging solutions are highly favored by the e-commerce industry. It helps them to portray environmental consciousness. The growing number of smartphone users and the swift internet penetration surge online retailing across developing nations such as India, China, Brazil, and others.
The India Brand Equity Foundation estimates that there will be around 220 million online shoppers by 2025. This boosts the growth of the e-commerce sector and also the demand for pulp and paper for packaging. Hence, the swift growth of online retail across developing nations is expected to bolster the global pulp and paper market growth.
Key Players Adopt Inorganic Strategies to Garner Growth
The key players are focused on efficiently utilizing the resources to satisfy consumer demand. They are highly invested in R&D activities to develop sustainable packaging products. The key players operating in the market primarily emphasize organic growth strategies such as launching new products. They also focus on inorganic growth strategies such as partnerships, mergers, acquisitions, collaborations, and others. For instance, Mondi Group invested 125 million in its paper mill in Kuopio, Finland, in June 2021. The investment is aimed to upgrade and increase the plant’s capacity by 55 kilotons.
Industry Developments-
Key Players in the Global Market are:
Further Report Findings-
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2017-2028 |
Base Year | 2020 |
Forecast Period | 2021-2028 |
Historical Period | 2017-2019 |
Unit | Value (USD Billion); Volume (Million Tons) |
Segmentation | By Category and By Geography |
By Category
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By Geography
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