Not only the domestic corrugated paper prices soared, but also the price rise or global rise
Faced with rising demand, researchers in the packaging industry warned that due to the global shortage of paper, prices face a new round of rises. In response, NOA-PRISM surveyed global trends and predicted that more countries and Areas will implement paper price increases.
“British buyers have experienced three increases in the price of corrugated cardboard in the past 12 months and it seems that there may be a fourth increase in the first quarter of 2018,†said Neil Osment, managing director of NOA-PRISM. In addition, in 2017, the demand for paper in the United States began to exceed supply, and the demand for corrugated packaging in the past three years increased by 2% year-on-year. The supply of cow cardboard was almost no increase, and there were few plans to invest more in kraft paper projects.
In fact, the demand for corrugated paper has also grown tremendously around the world, with an average annual increase of 3.3%, from 200 billion square meters (bsm) in 2011 to nearly 236 billion square meters in 2016. PRISM's analysis of the packaging industry predicts that the average growth rate in the next five years will be 3%. Basically, the global market will reach 273 billion square meters by 2021, and the 37 billion square meters of growth will be almost the size of the entire US corrugated paper market today.
When the storm is over, are you panicking and ready to make paper, or are you smelting business opportunities to make a fortune?
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