$6.7bn
$XXX.Xm
12,974
276
$XXX.Xm
Paper product manufacturers convert purchased paper and paperboard into a variety of products, including cigarette papers, playing cards, wrapping paper and paper novelties. Manufacturers also mold purchased pulp into egg cartons, food trays, dishes, florist pots and other products. In recent years, import penetration has increased, forcing manufacturers to compete with lower-cost substitutes. Companies have responded to competition by consolidating operations through merger and acquisition activity. Consolidation can benefit operators by enabling them to better manage volatile costs and fluctuating demand. Large operators can endure pressure on industry profit because they benefit from economies of scale and higher profit. Over the past five years, revenue has grown at a CAGR of 1.6% to $6.7 billion, including an expected decline of 0.5% in 2024. Profit is expected to slump to 4.1% of revenue in 2024 from 5.8% in 2019.
Industry revenue has grown at a CAGR of 1.6 % over the past five years, to reach an estimated $6.7bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Huhtamaki Group | 1,301.2 | 99.1 | 7.6 | |
Reynolds Group Holdings Inc. | 973.5 | 179.0 | 18.4 | |
The Jim Pattison Group | 80.5 | 3.9 | 4.8 |
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Industry revenue is measured across several distinct product and services lines, including Molded pulp goods, Party supplies and holiday goods and accessories and Packaging and paperboard. Molded pulp goods is the largest segment of the Paper Product Manufacturing in the US.
Molded pulp goods are considered an ecological alternative to plastic products
Operators in this industry convert purchased paper and paperboard into a variety of products, including playing cards, wrapping paper, cigarette papers, paper filters, paper novelties, die-cut paper shapes and recycled paper insulation. Industry manufacturers also mold purchased pulp into egg cartons, food trays, cups and dishes, florists’ pots and other products. The industry generally produces all the products that are not included in the other paper-converting industries.
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NAICS 322299 - Paper Product Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Import levels are increasing, putting pressure on domestic manufacturers. Exports have decreased as the US dollar value has increased, making domestic products more expensive...
Learn about an industry's products and services, markets and trends in international trade.
Consumers ate at home more often during the COVID-19 pandemic, so demand for molded pulp goods for food packaging temporarily increased. Demand for party supplies and accesso...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Business location is most often based on proximity to raw material sources and shipping ports. The Great Lakes and Western regions both benefit from such proximity to paper a...
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.
Larger companies are absorbing small operators to expand their reach. By expanding operations, operators can achieve economies of scale and secure key inputs at a faster rate...
Learn about the performance of the top companies in the industry.
Manufacturers are making efforts to streamline production processes to create more environmentally friendly products. For example, major company Huhtamaki Group has implement...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Many environmental protection regulations are put in place to ensure responsible manufacturing practices. These regulations are aimed at reducing air, water and noise polluti...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Some operators cannot manage the costs associated with setting up a new business and securing the necessary financing. Purchase costs are high in the industry due to input pr...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Paper Product Manufacturing in the US industry in United States is $6.7bn in 2024.
There are 276 businesses in the Paper Product Manufacturing in the US industry in United States, which has declined at a CAGR of 2.4 % between 2019 and 2024.
The market size of the Paper Product Manufacturing in the US industry in United States has been growing at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Paper Product Manufacturing in the US industry in United States is expected to decline.
The biggest companies operating in the Paper Product Manufacturing market in United States are Huhtamaki Group, Reynolds Group Holdings Inc. and The Jim Pattison Group
Molding pulp into products (e.g. egg cartons, food trays, cups and plates) and Converting purchased paper into cigarette papers, party supplies, insulation and other paper products are part of the Paper Product Manufacturing in the US industry.
The company holding the most market share in United States is Huhtamaki Group.
The level of competition is high and increasing in the Paper Product Manufacturing in the US industry in United States.