The growing paper industry in emerging economies, increasing sales of printers for professional and personal use, and advantages of uncoated freesheet paper over other grades of paper will increase the cut size uncoated freesheet paper market size from $16,122.3 million in 2017 to $18,483.6 million by 2023. The market is set to demonstrate a CAGR of 2.4% during 2018–2023 (forecast period). Cut size uncoated freesheet paper is a type of graphic paper that contains 10% mechanical pulp and 90% chemical pulp.
The paper industry is booming in emerging economies, such as India and Brazil, due to the increasing application of paper in the education sector. Paper is a prerequisite for education and literacy in developing countries; therefore, the demand for it is predicted to grow in India due to a surge in the number of school-going children in urban and rural areas. Besides, India aspires to increase its literacy rate from 70.0% to 90.0%, which will escalate the adoption of cut size uncoated freesheet paper for writing and printing purposes.
Geographically, the Asia-Pacific cut size uncoated freesheet paper market generated the highest revenue in 2017, and it is expected to maintain its dominance during the forecast period. This can be attributed to the increasing number of offices and schools in China and India. Moreover, the growing paper industry and increasing sales of printers in these countries are propelling the growth of the regional market. The emergence of new companies and educational institutes, along with the expansion of existing ones in India and China, is creating growth opportunities for the market players.
Thus, the increasing number of educational institutes in emerging economies will fuel the demand for cut size uncoated freesheet paper in the foreseeable future.
Read more: https://www.psmarketresearch.com/market-analysis/cut-size-uncoated-freesheet-paper-market
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