(EMAILWIRE.COM, November 14, 2018 ) The paper industry has been shifting from labor intensive manufacturing processes to automated production facilities. Automation has enabled converted paper product companies to enhance productivity and reduce production costs. These technologies are also saving energy cost. Control systems such as integrated drive systems (IDS) are improving plant efficiency by minimizing energy consumption and simplifying service and maintenance processes. For instance, Swedish company Stora Enso Partbnis partnered with Siemens to automate its Skoghall facility.
THE BUSINESS RESEARCH COMPANY EXPECTS THE CONVERTED PAPER PRODUCTS MANUFACTURING MARKET TO GROW TO $567 BILLION BY 2021
Asia Pacific was the largest region in the converted paper products manufacturing market in 2017, accounting for almost half of the market share. This was mainly due to the increased demand for corrugated paper box, stationary and sanitary paper products in countries such as China and India.
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According to The Business Research Companys Consultant, Nitin Gianchandani, the growing awareness on the impact of deforestation to the environment has led to paper manufacturing companies opting for alternative sources for paper production. Paper manufacturing companies are recycling paper products to save costs on raw material that in turn is helping companies in their environment conservation efforts. Also, biomass produced as a byproduct from paper industry is enabling companies to generate electricity for manufacturing activities. For instance, Austrian based Mondi Containerboard launched ecofriendly paper grades for packaging that can be recycled for producing wide range of paper products.
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Georgia-Pacific was the largest company in the converted paper product manufacturing market, with revenues of $17.7 billion in 2016. Its growth strategy includes strategic expansion in new areas to strengthen its business operations. For instance, in September 2016, it completed lumber operation in its Gurdon, Arkansas with an investment of $40 million. The expansion also include the installation of a new continuous dry kiln, a state-of-the-art planer mill.
The converted paper product manufacturing market includes companies that manufacture and market converted paper by from other paper and paper board products. The converted paper products include paperboard and corrugated boxes, paper bags, stationery, sanitary paper products, and other products (crepe paper, die-cut paper for non-office use, and molded pulp products).
Converted Paper Products Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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