Paper Manufacturing Market in Bulgaria 2016-2020

Outlook of the paper manufacturing market in Bulgaria

According to Technavio’s market research analysts, the paper manufacturing market in Bulgaria will grow impressively at a CAGR of over 12% by 2020. The increased demand for paper and paper products is a major factor impelling this market’s growth prospects over the next four years. In this region, the demand for paper and paper products has increased significantly over the past few years. Paperboard is a key product that can be folded, is lightweight and strong, and resistant to lasers used in high-speed automated filling. High-quality printing on paperboard packaging can enhance the aesthetic appeal of packaged goods and their sales, and this has led to retailers opting for this type of packaging. The popularity of paperboard packaging is also on the rise due to 30% of companies focusing on redesigning their existing packaging to make it more attractive.

Another factor impelling this market’s growth is the augmented demand for paper from the organized retail sector. Generally, retail stores have different categories of products, including ready-to-cook food products. As a result, most consumers prefer purchasing groceries, including frozen and chilled food products, from these stores. Since most products are packaged in paper or paperboard containers, demand for these containers will increase as they are safe, durable, and eco-friendly.

Competitive landscape and key vendors

In this market, the companies with better technical and financial resources can manufacture products that may render competitors' merchandise non-competitive even before they are launched. This makes it difficult for the latter to recover R&D and commercialization costs. As a result, apart from developing new technologies, manufacturers also have to keep abreast of emerging technologies that can have a bearing on their product lines.

Key manufacturers in this market are -

• Belana
• DS Smith
• Kostenets- Hhi
• Magmapack
• Mondi
• Npack
• Paper made
• Selena paper
• Svilosa
• Swordson
• Unisnab
• Vitavel
• Zebra

Growth drivers, challenges, and upcoming trends: Financial insecurity and lower FDI

Upcoming trends like the prevalence of financial insecurity and lower FDI are gaining traction in this market. In 2014, collapse of the Corporate Commercial Bank, the fourth largest bank in Bulgaria, with resources amounting to 4%-5% of the total GDP, directly affected the country’s financial status. As a result, many people lost access to their savings for a period of six months. This resulted in an overall decline in the economy and led to the shutting down of paper manufacturing companies as several players withdrew their investments. However, recent investments by the Finance Ministry provided an impetus to the country’s economy and stabilized the country’s deficit at over 3% of the GDP.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the paper manufacturing market in Bulgaria. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the paper manufacturing market in Bulgaria?
• What are the key market trends impacting the growth of the paper manufacturing market in Bulgaria?
• What are the challenges to market growth?
• Who are the key vendors in the paper manufacturing market in Bulgaria?
• What are the market opportunities and threats faced by the vendors in the paper manufacturing market in Bulgaria?
• Trending factors influencing the market shares of Bulgaria.
• What are the key outcomes of the five forces analysis of the paper manufacturing market in Bulgaria?

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