Paper Manufacturing Market in Turkey to grow at a CAGR of 2.72% during 2024-2028
The Paper Manufacturing Market in Turkey is expected to grow at a CAGR of 2.72% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 476.44 million. In the Turkish paper manufacturing market, a significant trend emerges as vendors focus on producing high-performance, lightweight paper grades for the Food and Beverage (F&B) and consumer goods sectors. This shift aims to decrease transportation costs, enhance efficiency, and ensure regulatory compliance. Lightweight paper packaging not only reduces manufacturing expenses but also facilitates easier transportation. Furthermore, the adoption of lightweight paper in packaging contributes to environmental sustainability by lowering the carbon footprint throughout the entire manufacturing process. The F&B industry is witnessing an escalating innovation in lightweight packaging materials, underscoring the market's commitment to sustainability and cost savings.
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Technavio analysts predict that the Wood pulp subsegment will lead the Source segment during 2024 and 2028 The wood pulp segment is poised to dominate the Turkish paper manufacturing market, given its extensive utilization in various paper applications. Wood pulp, derived from the crushing of wood into a fine consistency, is a crucial input for the production of newspaper, printing and writing papers, board, and specialty papers, as well as hardboard. Two primary methods, chemical pulping and mechanical pulping, are employed to produce wood pulp. The surging global demand for tissue paper, a widely used commodity in kitchens, restrooms, households, hospitals, and eateries, is projected to fuel the expansion of the wood pulp segment.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish rising demand for paper packaging in food and beverage industry
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The paper manufacturing market in Turkey has been witnessing significant growth, driven by the increasing demand for various paper products such as waste plastic packaging, retail packaging, eco-friendly solutions, smartphones cases, specialty papers, rolls, writing paper, printing paper, wrapping paper, and more. The market is diverse, catering to various industries, including print media, personal care, and packaging. Turkey's paper industry is making strides in sustainability by exploring alternative raw materials like rice husk, bamboo, wheat straw, and fiber crops, reducing the reliance on forests. Waste paper, rags, and recycled pulp are also being utilized to produce paper and paperboard. Moreover, the market is witnessing a shift towards non-wood pulp and recycled pulp, which is more eco-friendly and sustainable. The use of waste plastic packaging is also gaining popularity, as it helps reduce plastic waste and contributes to a circular economy. In the realm of specialty papers, Turkey is known for producing high-quality writing paper, printing paper, and tissue paper. The country's paper manufacturing industry is continuously innovating and adapting to meet the evolving needs of consumers and businesses. In conclusion, the paper manufacturing market in Turkey is a dynamic and diverse industry, driven by the demand for various paper products and the increasing focus on sustainability. The use of alternative raw materials, recycled pulp, and waste plastic packaging is shaping the future of the industry, making it a key player in the global paper market.
According to Technavio, the Turkish paper manufacturing market is an integral segment of the global paper products industry. This market encompasses manufacturers of various paper grades, excluding those specializing in paper packaging. The size of the global paper products market is determined by the consolidated revenue generated by paper product manufacturers worldwide. Key growth drivers for the global paper products market include the increasing demand for printing paper from publishers and book printers. With the rise of e-commerce platforms, publishers, authors, and agents are capitalizing on the convenience of online ordering systems to produce engaging books for a wider audience.
The Paper Manufacturing Market in Turkey is experiencing significant growth, fueled by the rising demand for paper packaging in food and beverage industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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