In a way, paper helps in the growth of the global economy as It is used in almost all places, such as offices, factories, and homes. Moreover, the surging number of educational institutions has provided a lucrative growth opportunity to paper manufacturers. Even now, paper is the most-significant tool for enhancing literacy and providing education in emerging economies, such as Brazil and India. Thus, the growing economy of these countries is propelling the cut-size uncoated freesheet paper market around the world.
India is playing a significant role in this regard as its vast education sector has over 700 universities and 1.5 million schools. These numbers are expected to rise in the coming years, which will continue to create a high demand for this type of paper. Similarly, Brazil has around 30 million students in over 140,000 schools. Despite the governments’ push for digitization, paper is the key material for conveying information in the education sector of these countries because of the unequal access to digital technologies.
Therefore, APAC consumed the highest quantities of this material for different uses in the past. The cut-size uncoated freesheet paper market is also expected to be dominated by this region in the coming years. It will be due to the increasing number of offices and educational institutes, which is propelling the paper industry in regional countries. With over 4 billion people, APAC creates a huge demand for all kinds of paper each day.
Moreover, regional governments are aggressively supporting the education sector and building new schools and universities to accommodate the growing number of adolescents and children. This will ultimately push up the requirement for cut-size uncoated freesheet paper, which is widely used in books and as exam sheets. Similarly, the growing professional population will drive the consumption of this material, especially to feed printers in offices. Additionally, China and India produce a huge quantity of paper, thereby leading to its easy availability.
Therefore, due to the growth of the corporate and education sectors across the world, the demand for cut-size uncoated freesheet paper will increase in the coming years.
Read More: https://www.psmarketresearch.com/market-analysis/cut-size-uncoated-freesheet-paper-market
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