Global Wrapping Papers Market
In value terms, wrapping papers production stood at $ in estimated in export price. In general, the total production indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Over the period under review, global production attained the peak level at $ in 2019; however, from to , production stood at a somewhat lower figure.
The country with the largest volume of wrapping papers production was China ( tons), accounting for % of total volume. Moreover, wrapping papers production in China exceeded the figures recorded by the second-largest producer, the United States ( tons), threefold. Sweden ( tons) ranked third in terms of total production with a % share.
In China, wrapping papers production expanded at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: the United States (+% per year) and Sweden (-% per year).
The global wrapping papers market value reached $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in and is expected to retain growth in the near future.
From 2007 to , the average annual rate of growth in terms of volume in China stood at +%. In the other countries, the average annual rates were as follows: the United States (+% per year) and Turkey (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was held by the United States ($). It was followed by Italy.
From 2007 to , the average annual growth rate of value in China totaled +%. In the other countries, the average annual rates were as follows: the United States (+% per year) and Italy (+% per year).
From 2007 to , the average annual growth rate of the wrapping papers per capita consumption in No country was relatively modest.
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .