After the downturn, the demand of the packaging industry will continue to increase. Its founders and first two presidents were William Augustus Russell, who died suddenly in January 1899, and Hugh J. The chart shows the evolution of the average number of times documents published in a journal in the past two, three and four years have been cited in the current year. Ltd., Asia Pulp and Paper, Nippon Paper Industries, Murli Industries, Venkraft Paper Mills Pvt. Q1 (green) comprises the quarter of the journals with the highest values, Q2 (yellow) the second highest values, Q3 (orange) the third highest values and Q4 (red) the lowest values. Manufacturer of engineered wood products including beams, joists, plywood, lumber, and particleboard. We believe wood-based products will find new ways to enlarge their footprint in a more sustainable global economy. This site uses cookies, including third-party cookies, that help us to provide and improve our services. A unified Market Research Subscription Platform, built for today's disparate research needs. Manufacturer of paper and paper products. Growing Food Industry Creating Opportunities for Duplex Paper and Board Manufacturers. In, MarketsandMarkets. Most companies have moved from being fairly broad conglomerates present in various forest-products segments to focusing on a few core businesses. All types of documents are considered, including citable and non citable documents. This included 13 sawmills, making West Fraser the second-largest producer of lumber in North America, after Weyerhaeuser Company. The food & beverages industry led the duplex paper and board market and is expected to continue to do so during the projected period. To stay relevant, many companies in packaging are trying to move closer to the brand owner or end user. dollars)." Consumer-goods companies, retailers, packagers, and policy makers alike are now exploring a wide range of possible solutions for what tomorrows packaging will look like. How will my entry change market dynamics, and will this matter to me? A case in point is virgin-fiber cartonboard. Accessed March 18, 2023. https://www.statista.com/statistics/1030199/market-value-of-paper-worldwide/, MarketsandMarkets. WebDuplex Paper And Board Demand Analysis (2016 To 2021) Vs Market Outlook (2022 To 2032) The global demand for duplex paper and board is projected to increase at a CAGR of 2.8% during the forecast period between 2022 and 2032, reaching a total of US$ 5,807.1 Million in 2032, according to a report from Future Market Insights (FMI). This is happening just as increasing capacity in Asia, and particularly in China, looks set to displace imports that have traditionally come into the region, mainly from Europe and North America. The European market is witnessed to have substantial growth, owing to high demand from packaging industries, coupled with government rules for using eco-friendly tools. [11] Philip Tell Dodge, president of the Mergenthaler Linotype Company, served as its chairman for 11 years. Market size of paperboard packaging worldwide in 2021 and 2026 (in billion U.S. dollars) [Graph]. Ask an Expert. The American Forest & Paper Association (AF&PA), Washington, has announced the election of Memphis, Tennessee-based International Paper Chairman and CEO Mark Sutton as the new AF&PA board chair. * Required, Email(will not be published) It measures the scientific influence of the average article in a journal, it expresses how central to the global scientific discussion an average article of the journal is. The logo features the letters "I" and "P" which form a stylized arrow also resembling a tree surrounded by a circle. ", MarketsandMarkets, Market size of paperboard packaging worldwide in 2021 and 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1030199/market-value-of-paper-worldwide/ (last visited March 18, 2023), Market size of paperboard packaging worldwide in 2021 and 2026 (in billion U.S. dollars) [Graph], MarketsandMarkets, November 1, 2021. We are already seeing brand owners and leading customers challenging the benefits of packaging companies coming with consumer-facing ideas such as complete packaging concepts. Other products offered include paperboard, containerboard, raw wood pulp, and casting and release paper. Digital developments will also help disrupt previous B2B2C value chains, paving the way for direct B2C relationships between paper-product makers and end consumers, for example, in tissue products. Examines technical developments, manufacturing practices, and legislative, A historical CAGR of 2.1% has been recorded by Future Market Insights during the period 2016-2021. The instability has also been exacerbated by the capacity additions that primarily Asian producers have made despite the slowing demand growth in that region. At the customer-facing end, the opportunity for innovation is huge and has the potential to transform existing industries and create new ones, especially in packaging segments. Company. International Paper Board Industry | Read 88 articles with impact on ResearchGate, the professional network for scientists. Paper enterprises should seize new opportunities to revive the market! We give our customers the insights to trade today and plan for tomorrow. But there are often broader systemic issues that companies still need to address to be able to build sustainable operating models. Pulp, paper, and packaging in the next decade: Transformational change. Other company related facilities include a recycling center on South Third and two warehouse operations across Memphis.[29]. Furthermore, duplex board is made from recycled fibres, which decreases the carbon footprint generated by this sector. Your personal details are safe with us. Our research on the future of workhighlights that already today, around 60 percent of all tasks, that is, not entire jobs or roles but their components, can be automated. For any paper-company CEO who looks out ten years, the really different challenges will not be around cost containment. Chisholm. Only a few companies are positioned to successfully make this move, however, and even they should be cautious. Please be sure to check your SPAM/JUNK folder too. Opportunities are collapsing in the duplex paper and board sector, and the capacity to provide biodegradable packaging choices has compelled the whole industry to make an unprecedented change. While analyzing the market in-depth, the expert analysts at FMI have revealed that the manufacturers largely prefer to produce duplex paper and board from natural materials as they are likely to get higher margins from such resources over any other types, and this, in turn, is also resulting in higher segmental revenues. Growing Demand for Eco-friendly Packaging favouring Market Growth. We would argue that the industry is going through the most substantial transformation it has seen in many decades. Thus, by end-user industries, the food and beverage category is expected to grow at a CAGR of 2.9% during the forecast period 2022-2032. Die cutting, design & offset printing service Serving the food, hard & soft goods & other industries. The division now operates under the Evergreen label. Finding new value-creating growth for forest products will also put the spotlight on a number of functional executive topics. Within specific industry segments, the firm is the world s leading producer of printing and writing papers and of bleached packaging board, as well as the second largest maker of containerboard in the United States. In 1986, the company acquired the Hammermill Paper Company, founded in 1898, which managed eleven papermills nationwide, and had its corporate offices based in Erie, PA; in 1988, the Masonite Corporation; and in 1989, the German paper company Zanders Feinpapiere AG and the French paper manufacturer Aussedat Rey. New processesare being designed to extract hemicellulose as feedstock for sugars and chemical production while still keeping the cellulose parts of the wood chip for pulp products. In some segments such as North American containerboard and coated fine paper, ownership concentration as defined by traditional approaches to drawing segment boundaries may be reaching levels where it would be difficult for companies to find further acquisition opportunities that could be approved by competition authorities. With the recent surge of oil prices, paperboard stands to gain the upper hand over plastics after a decade of plateauing sales. Global packaging demand (Figure 4) grew from USD810bn in 2015 to USD930bn in 2020 while global packaging made out of paperboard (plastics) grew from USD333bn (USD278bn) in 2015 to USD385bn (USD340bn), respectively. China is a participating member state. Surging demand for bio-degradable and eco-friendly packaging is likely to propel further growth of the market. The surge in standards of hygiene and attractive growth in the fast food and beverages segment is developing a trend of utilizing disposable packaging, which in turn is propelling the growth of the market size for duplex paper and boards. For topics on particular articles, maintain the dialogue through the usual channels with your editor. At the aggregate level, the worlds largest paper and forest-products companies have not grown much, if at all, and several of them have reduced in size. Durability is a Major Obstacle for the Market Growth. Global trends are moving the industry into a new landscape, where the challenges and opportunities for finding value-creating growth roles for forest products are changing radically. To boost the use of duplex paper, key firms are focused on innovation and development. If you already have a Fastmarkets account, youll still have uninterrupted access to your markets by logging in with your current details. For long-fiber products, the difficulties to expand long-fiber pulp capacity will make such assets very valuable over the next several years. The newly formed company supplied 60 percent of all newsprint in the country. [Online]. Divested were the Printing & Communications (White Uncoared Freesheet) mills in Ticonderoga NY, Eastover SC, Mogi Guacu Brazil, Luiz Antonio Brazil, Tres Lagoas Brazil, Saillat France, and Svetogorsk Russia. Long-standing decline in Chinese softwood lumber imports is moderated in 2023, Seven geopolitical trends set to shape the global business environment, Pulp and paper industry leaders share their learnings from the pandemic and energy crisis. Strathmore, Crane, Cascades, Esleeck, Georgia-Pacific, Fraser, Cascade, Fraser, Georgia Pacific, John Crane, Strathmore, Distributor Of Paper Cups, Office & Printing Paper, Ind. WebIn December 2020, International Paper announced plans to spin its global papers business into a separate, publicly traded company in late 2021. When expanded it provides a list of search options that will switch the search inputs to match the current selection. You need at least a Starter Account to use this feature. Copyright 2023 Thomas Publishing Company. Over the last 53 years paper and board industry has emerged out of its infancy and is now catering nearly 80 per cent of the domestic demand. [12] The invention of the Linotype dramatically increased the size of newspapers and the need for newsprint. On May 2, 2016, it announced the acquisition of Weyerhaeuser's cellulose fiber division. And as companies go to more remote areas to acquire inexpensive land, such as in Brazil, their infrastructure and logistics costs increase. That last topic has gained huge momentum in the past couple of years as concerns over plastic waste have added to the concern over CO2 emissions from fossil-based packaging materials. The growing worldwide population, increased food and beverage consumption, and expanding usage of packaged goods are likely to drive market demand. The paper and forest-products industry is often labelled a traditional industry. As the domestic technical counterpart of ISO/TC6 and its sub-technical committee ISO/TC6/SC2, it has been committed to strengthening the two-way transformation of domestic standards and ISO international standards, actively promoting the construction of China's paper industry standard system, and supporting and promoting the high-quality development of the paper industry with the development of standardization innovation. And looking to the coming ten to 15 years, more than 30 percent of physical and manual skills risk becoming obsolete while technological skills will continue to grow very quickly. [24] In 1999, the company purchased Union Camp Corporation, and in June of 2000 Champion International. SJR is a measure of scientific influence of journals that accounts for both the number of citations received by a journal and the importance or prestige of the journals where such citations come from However, applying binding agents while creating recycled materials greatly improves product strength, which promotes demand and income production for the Duplex Paper and Board industry. William Augustus Russell, who died suddenly in January 1899, and particleboard webin December 2020, International Board! Years, the professional network for scientists in billion U.S. dollars ) [ Graph ] in the next decade Transformational. 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