MARCH 20238PANORAMASUSTAINABILITY TRENDS DOMINATING THE PAPER & PULP INDUSTRYThe pulp and paper industry is rapidly expanding, and new inventions and trends are continually taking the center stage. In the past few years, a variety of industrial innovations have sparked interest, including advancements in tissue and towels, cutting-edge pulps, and the drastic rise of the corrugated market. Amidst all the speculations and concerns about the future of the paper industry, in the post COVID world the segment seems to thrive and evolve rapidly. While the whole industry is witnessing overwhelming growth, the corrugated box market in particular is setting new benchmarks. The boom in the e-Commerce market matched with rising anti-plastic sentiments has been a major driver for growth. The global pulp and paper market size is anticipated to rake up around $380.12 billion by 2030. The growth and increasing demand are paving way for new trends in the paper and pulp industry. In this article, let's look into the key trends, that are taking a robust shape today.Sustainability & a Shift to a Circular EconomyThe move to minimize environmental impact has brought some positive changes in the global domain. Businesses, whether big or small, are showcasing environmental consciousness and adhering to responsible practices. Leading the change, India has made some considerable developments toward sustainability. With a ban on single-use plastics (SUP), a newfound interest in paper products can now be witnessed.
< Page 7 | Page 9 >