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Paper Manufacturing Market in Turkey 2019-2023 | Adoption of Digital Manufacturing for Paper Production to Boost Growth | Technavio

November 28, 2019 GMT
Paper Manufacturing Market in Turkey 2019-2023 | Adoption of Digital Manufacturing for Paper Production to Boost Growth | Technavio
Paper Manufacturing Market in Turkey 2019-2023 | Adoption of Digital Manufacturing for Paper Production to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 27, 2019--

The paper manufacturing market in Turkey is expected to post a CAGR of more than 2% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled paper manufacturing market in Turkey 2019-2023. (Graphic: Business Wire)

End-user industries such as F&B, cosmetics, and consumer goods are exhibiting a strong demand for paper-based packaging products. This is due to benefits such as ease of handling, durability, and biodegradability offered by paper-based packaging products. Also, paper-based packaging products offer a higher degree of aesthetic appeal, increased product differentiation and brand awareness among consumers. Hence, the growing population and increasing demand for F&B and consumer goods, will boost the growth of the paper manufacturing market in Turkey during the forecast period.

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As per Technavio, the adoption of digital manufacturing for paper production will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Paper Manufacturing Market in Turkey: Adoption of Digital Manufacturing for Paper Production

Vendors in the market are increasingly adopting the latest technologies such as remote mill automation and forestry monitoring drones. These technologies are improving the value chain of the paper production process and helping users capture and analyze data from various machines and products in the paper manufacturing process. Also, the adoption of analytics and big data is helping manufacturers to identify bottlenecks in the production process, thereby improving the decision-making process and reducing production downtimes. This trend of digitization among vendors is expected to boost the growth of the paper manufacturing market during the forecast period.

“Rise in demand for lightweight materials and the growing preference for circular economy due to increasing investments in paper recycling and rising environmental concerns will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Paper Manufacturing Market in Turkey: Segmentation Analysis

This market report segments the paper manufacturing market in Turkey by product (paperboard, tissue paper, printing and writing papers, and others).

The paperboard segment led the market in 2018, followed by tissue paper, printing and writing papers, and other paper segments respectively. During the forecast period, the paperboard segment is expected to maintain its dominance over the market. This is due to growing demand from the F&B, electronics, cosmetics, and healthcare industries.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191127005531/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD: TURKEY EUROPE

INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/27/2019 10:00 PM/DISC: 11/27/2019 10:00 PM

http://www.businesswire.com/news/home/20191127005531/en