UWF Paper Market Size to Grow by 5.97 MT through 2021-2025
Technavio research projects the UWF paper market to grow by 5.97 MT, accelerating at a CAGR of almost 3% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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UWF Paper Market: Rise in literacy programs in emerging economies to drive growth
The increasing literacy programs in emerging economies is one of the primary factors that will trigger the growth of the UWF paper market in the coming years. Countries such as China and India are focusing on enhancing their literacy rates by investing heavily in the education sector. The demand for books, magazines, catalogs, and other study materials which use UWF paper will increase due to to the growth of educational programs such as rural education development projects.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
UWF Paper Market: Revival of paperback magazines and paperback editions
The revival of paperback magazines and paperback editions will have a positive influence on the global UWF paper market during the forecast period. The young generation prefers printed books to digital copies. In the UK, the sales of e-books have been declining in the past few years, whereas paperback books are being sold in large numbers. Similarly, there is high demand for paperbacks in the US, while the e-books market has registered modest growth. Low prices of paperback books will increase their demand during the forecast period which will further drive the growth of the UWF paper market.
UWF Paper Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ahlstrom-Munksjo Oyj, Domtar Corp., International Paper Co., Mondi Group, PT. Indah Kiat Pulp & Paper Tbk, Stora Enso Oyj, Sub Lecta SA, Suzano SA, The Navigator Co. SA, and UPM-Kymmene Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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