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world pulppaper 17 In europe there will be more ma as markets mature further from current high levels Figure 20. Brazil Containerboard Stage 2 consolidation with top three producers accounting for 36 market share Figure 21. Latin America has solidified its position as the worlds leading BHKP producer Justice will be imposing conditions on market leaders seeking to consolidate further as it has already done for example in the case of Versa-NewPage or IP-Temple- Inland where mills had to be sold. In Europe there will be more MA as markets mature further from current high levels. In printing and writing paper this process is already well advanced and packaging is likely to follow. In Asia Pacific printing and writing paper will be first and we are already seeing the first signs in packaging. In Latin America many markets are already consolidated because they are rather small and isolated from one another.