Los Angeles, December 11, 2019 – QY Research has recently published a report titled, “Global (United States, European Union and China) Industrial Papermaking Market Research Report 2019-2025”, according to the report, the global (United States, European Union, and China) was worth US$ 41.1 Bn by 2018 and is likely to reach US$ 51.1 Bn by the end of 2025, registering a CAGR of 3.1 during the forecast period of 2019 to 2025.
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Extensive Paper Applications to Boost the Global Market
The global industrial papermaking market is rising in demand as it is extensively used for packaging, writing, and printing. Many kinds of paper are manufactured using industrial machinery. It is used in every legal and non-legal documentation. There are various forms of industrial papermaking such as chemical pulping, mechanical pulping, and de-inked pulp. Paper can also be recycled or manufactured from 100% recycled materials.
Paper has numerous applications such as for representation (ticket, voucher, security paper, cheque, bank note, and paper money), personal use (diary and scratch paper), communication (newsprint, letter, art, zine, newspaper, and magazine), packaging (wallpaper, paper string, wrapping paper, envelope, paper bag, and corrugated box), cleaning (cat litter, facial tissue, paper towels, handkerchiefs, and toilet paper), construction (paper clothing, construction paper, paper engineering, and composite materials), and other uses (filter paper, electrical insulation paper, paper chromatography, universal indicator paper, litmus paper, blotting paper, sand paper, and emery paper).
However, the market might face restrains as the papermaking industry utilizes large amount of water, tree as the primary resource, and harsh chemicals for producing papers.
Newspaper Segment to Augment as Advertising Market Blooms
Newsprint segment is expected to lead the market as it is widely used to print newspaper, advertising, and publication material. It is substantially used by various printers and publishers as it is strong, of relatively low cost, and is capable of accepting four-color printing.
North America to Lead as it has Most Paper Mills in the World
North America is expected to lead the global market as this region is the highest consumer of papers because it is the highest consumer of toilet paper and wood industry. Europe is also expected to rise in the market as it is one of the major employer of pulp and paper industry, accounting for a quarter of global production.
Georgia-Pacific Corp Launched its New Softwood Production Facility
Georgia-Pacific invested $134 mn in its new lumber facility in Georgia. The company has set up a lumber production plant that will generate 350 mn board-feet lumber in a year.
The key players operating in the industrial papermaking market are International Paper, Georgia-Pacific Corp., Nine Dragons Paper, Stora Enso, Kimberly Clark Corp., UPM Paper, Alberta Newsprint Company, Oji Paper, Nippon Paper Industry, Procter & Gamble, SCA, Smurfit Kappa Group, Sappi, Rock-Tenn, Resolute Forest Products, Verso Paper, Mondi, Lee & Man Paper, Domtar, and Asia Pulp and Paper Group (APP).
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