Russian Paper Industry Market to Reach $6.4 Billion by 2017

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Several factors in recent years have helped the Russian paper industry gain a competitive advantage. According to a new report from Research and Markets, Dublin, Ireland, titled Russia Paper Industry Forecast & Opportunities, 2017, about 20% of the world's total forestland cover is in Russia, which ensures a continuous supply of forest fiber to the paper industry. Some drivers for the paper industry in Russia are growing GDP, increasing industrial output, high export, government fund infusions, high disposable income, and urbanization.

The report notes that revenues generated by the paper industry in Russia will grow at a healthy rate. Revenues are expected to increase at a much faster rate than in the prior three years, reaching a $6.4 billion market level by 2017. The share of the northern region of Russia in the total production of paper and paperboard was more than 25% in 2011, which was the country’s highest. This is mainly due to the northern region being heavily forested, which provides very large volumes of wood fiber to the paper industry.

Ilim Group, which is a joint venture with International Paper, Memphis, Tenn., USA, is a market leader in terms of paper production in Russia. Players in the Russian paper market are set to increase their production capacity in coming years to take full advantage of available abundant raw materials in Russia.

More information is available online.

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