Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
Page 25
Page 26
Page 27
Page 28
Page 29
Page 30
Page 31
Page 32
Page 33
Page 34
Page 35
Page 36
Page 37
Page 38
Page 39
Page 40
Page 41
Page 42
Page 43
Page 44
Page 45
Page 46
Page 47
Page 48
Page 49
Page 50
Page 51
Page 52
Page 53
Page 54
Page 55
Page 56
Page 57
Page 58
Page 59
Page 60
Page 61
Page 62
Page 63
Page 64
Page 65
Page 66
Page 67
Page 68
Page 69
Page 70
Page 71
Page 72
Page 73
Page 74
Page 75
Page 76
Page 77
Page 78
Page 79
Page 80
Page 81
Page 82
Page 83
Page 84
Page 85
Page 86
Page 87
Page 88
Page 89
Page 90
Page 91
Page 92
Page 93
Page 94
Page 95
Page 96
Page 97
Page 98
Page 99
Page 100
Industry trends world pulppaper14 With flat to declining growth in uncoated freesheet paper further consolidation is expected Figure 15. European growth is flat to declining but containerboard has been on the up for several years In uncoated freesheet paper Europe is also in Stage 3 with 39 consolidation for the top three producers Figure 18. With flat to declining growth further consolidation is expected. Tissue is also in Stage 3 with 41 consolidation Figure 19. Several large producers have expanded market share sharply through MA - SCA by buying PGs European operations Sofidel by acquiring GPs former European business. At the same time there is plentiful scope for further consolidation as fully one third of the market is served by a multitude of small producers with less than 1 each of the overall market. LatIn amerIca Taking Brazil as a proxy for the region and looking at containerboard we can see that the top three with 36 of the capacity are in Stage 2 Figure 20. Market growth is still strong largely for domestic consumption and Figure 14. Asia Pacific tissue and towel Stage 2 consolidation with top three producers accounting for 31 market share