Overview of the 2022 Global Paper Industry

2022 Global Paper Industry

The global paper industry is a large and diverse sector that plays a significant role in the global economy. The industry produces a wide range of paper products, including printing and writing paper, packaging materials, tissue products, and more.

In 2022, the global paper industry is facing a number of challenges and opportunities. One of the biggest challenges is the increasing competition from digital media and alternative packaging materials. As more and more people turn to digital devices for reading, writing, and communication, demand for traditional paper products has declined. Additionally, the rise of plastic and other alternative packaging materials has posed a threat to the paper packaging market.

Despite these challenges, the paper industry remains an important part of the global economy. In 2022, the global paper industry is expected to generate revenues of around $400 billion. The industry is also a major employer, with millions of people working in paper mills, pulp and paper mills, and other related facilities around the world.

One of the key trends in the global paper industry in 2022 is the continued growth of the packaging market. As consumers increasingly demand convenient, eco-friendly packaging options, the demand for paper-based packaging is expected to grow. This growth is being driven by the popularity of e-commerce and the rise of sustainable packaging options.

Another trend in the global paper industry is the increasing focus on sustainability. As consumers become more environmentally conscious, they are demanding more sustainable paper products. In response, many paper companies are investing in sustainable practices, such as using recycled materials and implementing eco-friendly production processes.

One of the biggest challenges facing the global paper industry in 2022 is the increasing competition from digital media and alternative packaging materials. As more and more people turn to digital devices for reading, writing, and communication, demand for traditional paper products has declined. This decline has led to closures of some paper mills and the loss of jobs in the industry.

Additionally, the rise of plastic and other alternative packaging materials has posed a threat to the paper packaging market. As consumers become more environmentally conscious, they are demanding more sustainable packaging options, leading to a decline in demand for traditional paper-based packaging.

Despite these challenges, the global paper industry remains an important part of the global economy. In 2022, the industry is expected to generate revenues of around $400 billion and employ millions of people around the world.

One of the key opportunities for the global paper industry in 2022 is the growing demand for sustainable paper products. As consumers become more environmentally conscious, they are demanding more sustainable paper products, such as those made from recycled materials. This presents an opportunity for paper companies to invest in sustainable practices and differentiate themselves in a crowded market.

Another opportunity for the global paper industry in 2022 is the growth of the packaging market. As consumers increasingly demand convenient, eco-friendly packaging options, the demand for paper-based packaging is expected to grow. This presents an opportunity for paper companies to capitalize on the growing demand for sustainable packaging solutions.

In conclusion, the global paper industry is facing a number of challenges and opportunities in 2022. The increasing competition from digital media and alternative packaging materials is a major challenge for the industry. However, the growing demand for sustainable paper products and the growth of the packaging market present opportunities for paper companies to thrive.

Scott Korn’s Industrial Packaging Market Forecast

Monday March 22nd, 2021 Villanova PA – By 2023, the Global Industrial packaging market is expected to near $70 billion. An increase in construction in major emerging economies will require higher packaging standards since industrial goods are detrimental to the environment. This reimagining of the market will serve as a major factor of it’s exponential growth. Asia-Pacific with an emphasis on China and India are the major revenue drivers for the industry due to their explosive population growth. “Higher domestic demand, along with the availability of low wage laborers, make APEC the most attractive market for industrial packaging producers,” stated Scott Korn. The chemical and pharmaceutical segment is expected to maintain the highest market share while food and beverage will experience the most growth over time eventually taking over the highest share by 2025.

Food safety requirements place stringent guidelines for industrial packaging requiring a seamless process with little to no human contact. The packaging industry is quickly adapting to changes by harnessing the latest technological advances. The newer sector for automatic packaging experienced rapid growth post pandemic. According to PMMI 67% of manufacturers already utilize automated end of line operations while 85% are looking to expand their automated solutions. Aside from the necessity of a sterile environment, automation fills gaps during labor shortages.

Corrugated boxes represent the biggest piece of the pie in the modern packaging market. The rise in interest for corrugated boxes can be ascribed to the ascent in need for lightweight and useful packaging to service a multitude of industries. Regardless of the burden of lockdowns during COVID-19, corrugated boxes have seen a rise as they were broadly utilized in the supply chain of Germany, United States, China and India.

Overall the Industrial Packaging Market expects a Compound Annual Growth Rate of 3.53% during a forecast period through 2026. The rising volume of products that are being transported between regions is one of the primary factors that has solidified the importance of bulk industrial packaging. Scott Korn suggests sustainable methodology emphasized by the growing environmental impact concerns of the industry will serve as a driver for continued market growth.

High quality / High volume sheeting #thebengalgroup #paperboardsheeting #preci…

High quality / High volume sheeting 🔑 #thebengalgroup #paperboardsheeting #precision #paperconverting #supplychain

Follow Us On Instagram @thebengalgroup

Scott Korn Discusses the Impact Of Coronavirus On the Packaging Industry

July 2020, Limerick PA – As Coronavirus has spread throughout the World, it’s impact can be seen across multiple industries varying from maximum damage to success. As shoppers lean towards online buying the role of the packaging industry is even more vital than before.

Food products, consumer goods, pharmaceuticals and e-commerce sales have ignited an increase in the need for packaging with a quick turnaround. With the rapid shift towards online buying, demand for paperboard converting and packaging is under pressure. “Our paper converting company is currently operating fully manned 24/7 to keep up with the demand,” says Scott Korn, President and CEO of The Bengal Group.

As crude oil takes a massive hit, the price drop has a direct impact on raw materials that utilize oil such as resins. This serves as an opportunity to create a higher profit margin for the packaging industry essentially buffering it’s losses from hard hit areas.

The healthcare sector has seen explosive growth for pharmaceuticals, personal protection equipment and vitamins/supplements. “A large portion of our demand has come from converting materials for PPE masks and gowns to protect frontline workers during the COVID-19 pandemic,” explains Scott Korn.

Being part of the supply chain has proven time and time again how essential the packaging industry is to our modern way of life. It will be interesting to see the long-term impact as the World braces for a functional vaccine to tame the pandemic.

Oldie but a goodie… #paper #paperboard #paperboardpackaging #paperconverting #…

Oldie but a goodie…
#paper #paperboard #paperboardpackaging #paperconverting #thebengalgroup #warehousing #supplychain #manufacturing #industrial

Follow Us On Instagram @thebengalgroup

Bengal Group Adds Production Veteran to Core Operations Team

The Bengal Group adds production veteran to its core operations team. Mike McLaughlin joined the company last week after leaving Prime Converting Corporation in Rancho Cucamonga, California. “Mike has over 30 years of production experience and will be an incredible asset to our Operating Team,” stated Scott Korn President and CEO of the Bengal Group.

The Bengal Group Announces New Warehouse Purchase

LIMERICK, PA — June 25, 2019 — Scott Korn, Chairman & CEO of The Bengal Group reveals the purchase of a new 80,000 ft2 warehouse to support the company’s ongoing and growing converting, warehousing and distribution platform. The new warehouse has nine loading docks and rail siding directly into the facility. The additional space will assist Bengal’s growth by creating new opportunities for the company.

Bengal’s expansion into the new warehouse was set to take place at the beginning of the month, pushing total capacity to around 225,000 ft2. Since breaking into the other building, “we are experiencing increasing demands from customers and surplus of material in and outbound,” Korn said. The converter, which entered into the paper and packaging market about 10 years ago, operates five rewinders and two Marquip sheeters and produces paperboard for the likes of Kellogg’s, Nabisco, Amazon and other Fortune 500 companies.

Online stores like eBay and Ali Baba continue to see rapid growth as sales from these e-commerce giants soar to new heights with each year, lending to increased deliveries of packaged goods. All of this market interaction is directly translated to the business on Bengal’s production floor.

Whether it’s pharmaceutical packaging grades, food packaging grades, or tissue grades, Bengal’s customers can count on fast turnaround times and exceptional quality. Bengal is committed to reliable and transparent communication from start to finish. The Bengal Group has branded itself as a leader in the converting industry in the northeast. The company differentiates its workmanship with impressive finished product, devoted customer relationships, and cohesive team logistics. Bengal will implement the same safety and sustainability standards at the new warehouse that it currently upholds with FSC (Forest Stewardship Council), SFI (Sustainable Forestry Initiative), PEFE (Program for the Endorsement of Forest Certification) and iSO 9001.

With local competition going out, Bengal’s position has shifted and allowed for new partnerships to develop on both the sheeting and rewinding side. The company is now seeking to invest more internally to reflect its exterior and expanding customer base. There are very few businesses left that follow a model similar to Bengal’s, solely as a converter that does not purchase or sell any stock.  All inventory housed at the facility is customer-owned.

Bengal has acted as a part of a customer’s supply chain and, according to senior management, this aspect will be maintained as the business continues to grow. Korn stated, “We are constantly striving to provide value to our customers and cultivating high levels of trust in terms of our operations and procedures.” Bengal prides itself on its high attention to detail in following its customer’s specific standards for finished goods and packaging requirements. The company responds to its client’s needs 24/7/365.

On the converting side—The Bengal Group’s offerings include contract rewinding and slitting on the company’s five rewinders for a variety of materials. In addition to paper converting and paperboard, the company has experience converting PVCs, films, tissue, woven and nonwoven grades, plastics, foils and other specialty grades. The rewinders range in intake diameter and width capabilities. They can handle master roll widths up to 143 inches and can slit to as low as three inches, with core sizes ranging from three inches through 16 inches.

More exciting news happening at Bengal is in regard to its sheeting operations. Bengal runs two Marquip paperboard sheeters, and its second one recently came off of startup mode, allowing the company to capture new possibilities with more available machine time. Both sheeters can handle board grades from as thin as 8pt. through 52 pt. Minimum sheet sizes are as small as 11 inches by 17 inches and the maximum sheet sizes are 65 inches by 80 inches, with core sizes ranging from three inches to 12 inches.

Another important focal point is Bengal’s strategic location. The company is situated in close proximity to the ports of Philadelphia, Newark and Baltimore, with access to the Norfolk Southern rail line—a strong selling point for cross docking services. Using real time electronic inventory management, customers are able to view their product the moment it hits Bengal’s dock and see it in real time, until the time it leaves the facility. Bengal can also fully integrate into SAP and EDI systems, further demonstrating to its customer’s that it goes the extra mile in catering to their needs.

The acquisition of new warehouse space is serving to enhance efficiency of The Bengal Group’s processes and propel the company’s current market standing forward. Their assets have increased, and sales are taking off as a result. Moving forward, the company wants to continue in its upward growth pattern, working alongside its customers to lean out manufacturing to improve production and cost, all while providing the highest quality service. When companies are seeking out profitable and beneficial partnerships, they will know they can rely on The Bengal Group to manage their needs.

Specialty Rewinding – we do it all! #thebengalgroup #paperconverting #paperboard…

Specialty Rewinding – we do it all! #thebengalgroup #paperconverting #paperboard #rewinding #pvc #specialtyrewinding #warehouse #crossdocking #tissue #pvcslitting #industrial #plastics #foil

Follow Us On Instagram @thebengalgroup

Precision, quality & performance. #thebengalgroup #paperconverting #paperboard …

Precision, quality & performance. #thebengalgroup #paperconverting #paperboard #rewindslitting #northeast #crossdocking #warehousing #supplychain #logistics #success #industrial #paperboardsheeting

Follow Us On Instagram @thebengalgroup