CAP Ventures Forecasts Overall Growth in Paper Industry
According to new projections by CAP Ventures, the paper market will continue to grow. This market is expected to increase from 7,699 million tons in 2002 to 8,503 million tons in 2007, representing a compound annual growth rate (CAGR) of 2%.
Nevertheless, not all segments of the paper industry will experience growth over the forecast period. Fax paper, typewriter paper, and copier paper will register slight declines. The proliferation of e-mail is largely responsible for the decline of single-function fax machines. PCs and attached printers have attributed to the decline of typewriter paper, which is expected to decline rapidly at a CAGR of -50% over the forecast period. With the migration from copying to printing and improved electronic workflows, copier paper will also experience a decline.