Summary
Major companies in the market include Oji Holdings Corporation, Nine Dragons Paper (Holdings) Limited, upm-kymmene oyj, Nippon Paper Industries Co., Ltd., Rengo Co Ltd., Shandong Chenming Paper Holdings Limited, Stora Enso Oyj, Domtar Corporation, Metsa Board Oyj, and PT. INDAH KIAT PULP & PAPER TBK.
The global unfinished paper market grew from $332.68 billion in 2022 to $350.71 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The unfinished paper market is expected to grow to $420.82 billion in 2027 at a CAGR of 4.7%.
The unfinished paper market consists of sales of semi-chemical pulping, natural pulping, wood pulp, straw pulp, bomb pulp, and waste paper pulp.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.
Unfinished paper refers to a piece of paper or board that is directly obtained from raw material and has not been processed for use in any type of work, such as in official, governmental, and commercial offices.
Asia-Pacific was the largest region in the unfinished paper market in 2022.North America was the second largest region in the unfinished paper market.
The regions covered in the unfinished paper market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of unfinished paper are paper and paperboard, and newsprint. Paper and paperboard are defined as a matted or felted sheet, usually composed of plant fiber (commonly from trees or recycled paper or paperboard waste, e.g., corrugated cases, newsprint, sacks, bags and cartons). Paper and paperboard are used as wrapping materials, bags, sacks, cartons, tubs, lids, molded fiber packaging, and backing cards. The various end use industry include food, agricultural industry, chemicals, building materials and others.
The unfinished paper manufacturing market is expected to benefit from the steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.
The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the unfinished paper manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.
The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America, and Asia.Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of ’lock down’ and the outbreak had a negative impact on businesses throughout 202o and into 2021.
However, it is expected that the unfinished paper manufacturing market will recover from the shock across the forecast period as it is a ’black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Manufacturing in paper mills is getting faster and leaner with the adoption of sensor and wireless technologies.Sensors are generating insights for improving process efficiencies and reducing potential breakdowns.
Wireless technology is aiding the implementation of sensor technology in manufacturing units.For instance, sensors are being used to detect wear and tear of machinery and defects in goods.
Some of the companies offering sensor technology to paper industries include SENSIT, Baumer, and Hansford sensors.
The countries covered in the unfinished paper market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.
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.
The unfinished paper market research report is one of a series of new reports that provides unfinished paper market statistics, including unfinished paper industry global market size, regional shares, competitors with a unfinished paper market share, detailed unfinished paper market segments, market trends and opportunities, and any further data you may need to thrive in the unfinished paper industry. This unfinished paper 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.
