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The global paper products manufacturing market, a part of the paper, plastics, rubber, wood and textile manufacturing industry, grew at a compound annual growth rate (CAGR) of around 2% during the historic period. The paper, plastics, rubber, wood and textile manufacturing industry showed a steady growth. The growth is mainly due to the increase in demand for solid fiber box and corrugated paper box from the food and beverage, retail industries as well as the print industry.
In the forecast period, the global paper products manufacturing market size is expected to be over $1 trillion by 2021, growing at a CAGR of nearly 3%. This is expected due to the rising demand for paper board and corrugated paper used in packaging by retail and e-commerce industries. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global paper products manufacturing market in the future.
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The paper industry has been shifting from labor intensive manufacturing processes to automated production facilities. Automation has enabled textile manufacturing companies to enhance productivity and reduce production costs. These technologies are also saving energy costs.
Major companies in the paper products manufacturing market, offering automated technology include Georgia-Pacific Corporation, International Paper, Kimberly Clark Corporation, Tetra Laval Group, Svenska Cellulosa Aktiebolaget
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