London, UK — According to the latest market study released by Technavio, the paper manufacturing market in Bosnia and Herzegovina is expected to grow at a CAGR of more than 2 percent during the forecast period. This research report titled „Paper Manufacturing Market in Bosnia and Herzegovina 2016-2020“ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Based on the type of product, the paper manufacturing market in Bosnia and Herzegovina can be classified into the following:
- Pulp, paper, and paperboard
- Paper-based household and sanitary goods and toiletries
- Corrugated paper and paperboard, and paper and paperboard containers
- Paper stationery
- Other paper and paperboard products
Pulp, paper, and paperboard
The pulp, paper, and paperboard segment has been the dominant segment of the paper manufacturing market in Bosnia and Herzegovina over the past five years. “Since 2014, the pulp, paper, and paperboard segment, has also witnessed the introduction of new product categories, such as paper for newsprint; paper and paperboards for photo-sensitive, heat sensitive, and electro-sensitive applications; and cellulose wadding for household and sanitary products. The production of graphic papers picked up post 2014, after a brief hiatus of two years,” says Chandrakumar Badala Jaganathan, a lead analyst at Technavio for research on textile, fiber, and composites.
Between 2010 and 2015, in terms of revenue, the pulp, paper, paperboard segment recorded a growth of over 17 percent, despite fluctuations in the production of key product categories such as kraft papers and felt paper. The revenue generated by the grey paperboard segment grew by over 100 percent during the same period.
Paper-based household and sanitary goods and toiletries
Despite being the second largest segment in the paper manufacturing market in the country in terms of revenue, sales in this segment dropped by approximately 6 percent between 2010 and 2015. Key products in this segment include toilet paper, hand tissues, facial tissues, sanitary towels, and tampons. Despite the overall decline, revenues generated through the sales of sanitary napkins and tampons grew nearly 4 percent year-over-year between 2010 and 2015. Revenues from hand tissues and facial tissues also grew by over 2 percent individually, year-over-year during this period.
Corrugated paper and paperboard, and paper and paperboard containers
This segment has recorded a 14.5 percent growth since 2010. The main products in this segment include corrugated paper and paperboard; paper and paperboard sacks and bags, cartons, and boxes; and letter trays, storage boxes, and similar articles. Currently, the corrugated paper and paperboard, and carton and boxes (non-folding type) segments are the leading product segments in terms of revenue. However, between 2010 and 2015, while the latter grew at a CAGR of 13 percent, the former grew at less than 1 percent.
Since 2010, this segment has been declining progressively at a rate of nearly 5 percent year-over-year because of increased demand for imported products. Key products in this segment include carbon paper, self-copy paper, notebooks, address books, and business papers.
Other paper and paperboard products
This segment has witnessed a decline of nearly 5 percent year-over-year since 2010. The primary products in this segment are printed labels and self-adhesive printed labels. Despite the progressive decline, revenues from the sales of printed labels have shown signs of growth since 2014, jumping by nearly 40 percent compared to 2013. Some of the key manufacturers in the paper manufacturing market in Bosnia and Herzegovina are Natron-Hayat, SHP Celex Banja Luka and Violeta.
More information on the report can be found under technavio.com.
Source: Business Wire