Paper Products Market Report 2025

The paper products market size has grown strongly in recent years. It will grow from $1.03 trillion in 2024 to $1.11 trillion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increase in demand for packaging paper from retail companies and growing awareness about sustainable practices.

The paper products market size is expected to see strong growth in the next few years. It will grow to $1.45 trillion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rapid advances in technology and growing demand from e-commerce. Major trends in the forecast period include 3d printing, implementation of artificial intelligence, increasing acquisition activities, utilizing recycled materials and produce recyclable products and focus on sustainability.

The growing utilization of packaging-grade paper is fueling the expansion of the paper products market. Packaging-grade paper includes various types or classifications of paper employed within the packaging industry. Factors such as rising demand from multiple end-use sectors, heightened consumer awareness of sustainability, and the increasing need for eco-friendly packaging are driving the demand for paper products. For example, in May 2024, the American Forest & Paper Association, a US-based trade organization, reported that total shipments of packaging papers and specialty packaging in August increased by 12% compared to August 2023, as well as reflecting a 12% rise when compared to the same eight months of 2023. Therefore, the growing use of packaging-grade paper is set to boost the growth of the paper products market.

The market for paper product manufacturing is poised to benefit from the consistent economic growth projected for both developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2021 and is forecasted to be 3.4% in 2022. The recovery of commodity prices after a decline in the historical period is anticipated to be a significant factor in driving economic growth. The US economy is projected to experience stable growth during the forecast period. Moreover, emerging markets are expected to grow slightly faster than developed markets in this period. The anticipation of increased economic growth is likely to drive investments, joint ventures, and foreign direct investments in end-user markets, thereby fostering market growth throughout the forecast period.

Major companies in the paper products market are increasingly prioritizing the development of technologically advanced solutions, such as Brand Ready-To-Roll Embossed Paper, to meet critical industry demands. This versatile paper can be utilized for various applications, including crafting, gift wrapping, printing, and decorative uses. For example, in August 2024, Sealed Air, a packaging company based in Charlotte, North Carolina, introduced its BUBBLE WRAP Brand Ready-To-Roll Embossed Paper. This innovative packaging solution aims to provide superior protection for fragile items during shipping. The embossed texture offers enhanced cushioning, while the roll format allows for easy dispensing, streamlining packing operations. This product reflects Sealed Air's commitment to sustainability and their emphasis on eco-friendly practices in protective packaging.

A notable trend in the paper industry involves a shift from labor-intensive manufacturing processes to automated production facilities. Automation has emerged as a key enabler for paper product companies, fostering heightened productivity and reduced production costs. Additionally, these technologies contribute to energy savings. Advanced control systems, such as integrated drive systems (IDS), are instrumental in enhancing plant efficiency by minimizing energy consumption and streamlining service and maintenance processes. As an illustration, Swedish company Stora Enso entered into a partnership with Siemens to automate its Skoghall facility.

Major companies operating in the paper products market include International Paper Company, Oji Holdings Corporation, Georgia-Pacific Corporation, Kimberly Clark Corporation, Procter & Gamble, Smurfit Kappa Group PLC, Essity Aktiebolag, Mondi PLC, Nippon Paper Industries Co., Ltd., Cascades, Inc., Hokuetsu Kishu, Ballarpur Industries Limited (BILT), Tamil Nadu Newsprint and Papers Limited, Genus Paper & Boards Limited, Forests Packaging Shanghai Group Co. Ltd., DS Smith PLC, WestRock, Hamburger Containerboard GmbH, Papierfabrik Palm GmbH & Co KG, Svenska Cellulosa Aktiebolaget (SCA), Bio Pappel SAB de CV, Domtar, Verso Paper Holdings, Sociedad Comercializadora de Excedentes Industriales Poliplas Ltda., Stora Enso Oyj, Klabin, Eldorado Brazil Celulose, CMPC Celulose Riograndense, Santher Fabrica de Papel, Celulose Irani, United Carton Industries Company (UCIC), AL-DHAFRA Paper Manufacturing Company, Dubai, AL REMAL Carton and Paper Industry, Tarboosh Packaging Co Llc, Sappi Southern Africa Ltd, Mthembu Paper Mill (Pty) Ltd, Tissue Works (Pty) Ltd.

Asia-Pacific was the largest region in the paper products market in 2024. North America was the second largest region in the paper products market. The regions covered in the paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the paper products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The paper products market consists of sales of graphic paper, commercial paper, retail sales, and e-commerce. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Paper products encompass items crafted from paper, such as paper towels, napkins, corrugated paper, and similar cellulosic commodities. These products, by definition, contain no more than 10% non-cellulosic material by weight or volume, which may include laminates, binders, coatings, or saturates.

The primary classifications of paper products include converted paper products, unfinished paper, and pulp mills. Within the converted paper products category, companies predominantly engage in the manufacturing of paper products utilizing acquired paper and paperboard. Raw materials such as wood, agro residue, waste, and recycled paper are utilized in the production of these paper products. The applications of these products span a variety, including writing paper, magazine paper, packaging paper, sanitary paper, and others.

The paper products market research report is one of a series of new reports that provides paper products market statistics, including paper products industry global market size, regional shares, competitors with a paper products market share, detailed paper products market segments, market trends and opportunities, and any further data you may need to thrive in the paper products industry. This paper products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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