$6.3bn
$XXX.Xm
8,728
46
$XXX.Xm
Paper mills have continued to experience declines over the five years to 2023. One of the biggest drivers of these declines has been the contraction of downstream publishing industries across North America. Major declines in the print newspaper industry have considerably impacted industry revenue. All domestic publishing industries have experienced decreased revenue from downstream paper-based communications companies. The COVID-19 pandemic significantly affected downstream markets as shifts to remote work further contributed to these trends. Revenue is expected to decline at a CAGR of 3.5% to $6.8 billion over the five years to 2024, including a decline of 4.6% during the current, with industry profit forecast to hover around 9.8% of revenue.
Industry revenue has declined at a CAGR of 5.0 % over the past five years, to reach an estimated $6.3bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Domtar | 1,579.3 | 61.0 | 3.9 | |
Kruger Products LP | 1,235.8 | 88.8 | 7.2 | |
Resolute Forest Products | 1,084.4 | 169.5 | 15.6 |
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Industry revenue is measured across several distinct product and services lines, including Newsprint, Specialty paper and Sanitary products. Newsprint is the largest segment of the Paper Mills in Canada.
Newsprint remains the largest segment for paper mills
The Paper Mills industry in Canada manufactures paper from pulp, a fibrous material derived from wood. Mill operators may convert their own pulp into paper or purchase pulp from other mills. Industry products include paper rolls and reams, in addition to printing, writing, newsprint, packaging and household paper. These products are typically sold to downstream manufacturers for further processing, printers and newspaper and magazine publishers.
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NAICS 32212 - Paper Mills in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Declining demand for print news has significantly reduced industry revenue. Newsprint is the single largest industry product and industry performance can be closely tied to c...
Learn about an industry's products and services, markets and trends in international trade.
Newsprint remains the largest product segment for paper mills. Newsprint paper is a low-cost paper designed for printing presses, which most commonly produce paper for newspa...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Quebec and Ontario dominate Canada's total timber and paper production industries. This is due to their high population, vast availability of lumber, convenient access to maj...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Declining demand for paper products has weighed on paper mill activity. Smaller mills have faced difficulty remaining profitable in this business environment.
Learn about the performance of the top companies in the industry.
The industry operates with a moderate level of market share concentration. The three largest companies in the industry are expected to account for about 40.0% of industry rev...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Wide fluctuations in key downstream markets have partly driven revenue volatility. For example, many publishing industries have been in decline across North America, cutting ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The cost of raw materials has remained elevated in recent years, reflecting high prices in lumber markets. As the economy slows, purchase costs pressure is expected to ease.
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Paper Mills industry in Canada is $6.3bn in 2024.
There are 46 businesses in the Paper Mills industry in Canada, which has declined at a CAGR of 2.0 % between 2019 and 2024.
The market size of the Paper Mills industry in Canada has been declining at a CAGR of 5.0 % between 2019 and 2024.
Over the next five years, the Paper Mills industry in Canada is expected to decline.
The biggest companies operating in the Paper Mills market in Canada are Domtar, Kruger Products LP and Resolute Forest Products
Manufacturing rolls of printing paper, writing paper, packaging paper and industrial paper from pulp and Manufacturing absorbent sanitary and tissue paper are part of the Paper Mills industry.
The company holding the most market share in Canada is Domtar.
The level of competition is high and increasing in the Paper Mills industry in Canada.