Global Paper Industry to Continue Growth over Next Five Years
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The global paper industry experienced stable growth during the past five years and is expected to continue its growth momentum, reaching approximately $256 billion in 2017 with a CAGR of 5.9% over the next five years (2012-2017), according to a new report titled Global Paper Industry 2012-2017: Trends, Profits, and Forecast Analysis, available from Research and Markets, Dublin, Ireland.
The report indicates that in 2011, the industry witnessed good growth over 2010 due to an increase in the number of press publications, which increased usage of newsprint and non-newsprint papers such as newsletters, journals, etc. Paper demand has increased rapidly as China and other Asian markets have shown significant growth. APAC is now emerging as the best growth prospect in the coming years with increasing demand for paper from the pulp and paper manufacturing sector.
In APAC, population growth and increasing business activity is expected to have a direct influence on the consumption of specialty paper. Increasing market share of APAC in world trade and rapid industrialization in emerging economies will boost demand for paper in this region. Population growth, urbanization, increase in middle class population, and rises in standard of living will drive growth to new horizons.
Increasing literacy rate, recycling, population, and economic growth are anticipated to boost the industry. The industry is expected to face certain challenges posed by use of electronic media, enhanced environmental regulation, volatility in raw material prices, and energy inputs.
More information is available online.
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