Paper Processing Resins Market Share

APAC Market Statistics

Asia Pacific industry is likely to dominate majority revenue share of 36% by 2037. China is predicted to supersede the United States as the world’s leading producer of paper and paper products. In fact, in the year 2020, paper production in China touched nearly 115 Million metric tons, which was about double the output of the United States. The growing economy and literacy and the rise in disposable income among an expanding middle-class population are likely to drive the demand for different kinds of paper like paper wipes, decorative paper, and other specialty paper in developing countries. Brands situated in Japan, China, and the Indian region are planning on expanding their paper industries in the region to meet the high demands for paper in the Asia Pacific region.

North American Market Forecast   

On the other hand, the market in the North American region is anticipated to share significant growth in the forecast period. The players in the North America now has started focusing on the paper industry to produce more paper bags that are eco-friendly and reusable. Other than paper bags, the North American region is highly indulging itself in the production of other types of papers as well such as special papers, paper wipes, kraft paper, and many more.