![The Paper Industry Future [2019-2025]](/_next/image?url=https%3A%2F%2Fworldpapermill.com%2Fuploads%2Fpaper-industry-future-world-paper-mill_0c3d7d2c01.jpg&w=1920&q=75)
Growth and Future prospects of Paper Industry
Paper is an essential need in today’s world.
We Can’t think anything without paper.
From school to the office, from bank to court Paper is needed everywhere With the present trend it is almost impossible to think life without paper.
Primarily paper is made from wood.
Paper is an Agro-based product and in India, 80 percent of the wood required for producing paper comes from farmers.
We manufacture paper primarily by mainly two sources
By using waste paper (means recycling of old papers) By using Agro-based products
INDIAN PAPER INDUSTRY
As a result of changing demand and production methods. The paper industry will focus on serving more niche markets.
Cardboard and Packaging paper products will have continued global demand.
Paper Industry Strength & Weaknesses
There are 3 reasons for the strengthening of the paper industry, Based on the market research.
Increasing demand for cardboard as a packaging material in eCommerce.
Newmarket outlets from the middle class in emerging markets, and increasing demand for hygiene products.
In contrast, these are the factors that are contributing to the negative side of the sector: Feedstock cost sensitivity, high investment costs to sustain future growth, and competition of plastics with cardboard in the aspect of packaging.
Rising Prices and Low Supply for Magazine Papers
Due to a shortage in supply, the prices for magazine-quality paper in the US will continue to increase.
Future prices for this kind of papers will increase by 25%.
The shortage in supply may be attributed to a decrease in the production of a coated paper by paper companies.
These paper companies had shifted their production to packaging papers and cardboards for boxes.
This trend has influenced the rising demand for packaging from eCommerce businesses such as Amazon, Alibaba
Effect of Digital Transformation On Paper Industry
Demand for the print paper will continue to decline, With increasing Internet usage and the rise of social media.
But worry not. Paper and packaging industries will rethink strategies and new business models to ride the tide of digital change.
Intelligent packaging and personalization will be in demand With increasing demand from the eCommerce sector.
Digital technology in paper and pulp production will change the way manufacturing processes are being automated.
To increase production and precision, Manual processes can be digitized.
High levels of manufacturing uniformity at lower energy production are attainable.
Conclusion
The pulp and paper industry future will remain stable
There’s a nagging perception that paper is a dying product, with the continuous digital transformation of processes.
On the contrary, the demand is strong with the increase in activities in eCommerce industries and other products that still need paper.
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