SIC 2621 - Paper Mills
Establishments primarily engaged in manufacturing paper from woodpulp and other fiber pulp, and which may also manufacture converted paper products. Establishments primarily engaged in integrated operations of producing pulp and manufacturing paper are included in this industry if primarily shipping paper or paper products. Establishments primarily engaged in manufacturing converted paper products from purchased paper stock are classified in Industry Group 265 or Industry Group 267.
Industry trends:
The paper mills industry, categorized under NAICS 2621, has been experiencing significant changes driven by both market demand and sustainability initiatives. One of the latest qualitative trends is the increasing focus on eco-friendly and sustainable paper production processes. With heightened consumer awareness around environmental issues, companies are investing heavily in green technologies, such as adopting recycled paper materials, reducing water consumption, and minimizing carbon footprints during production.
Another prominent trend is the digital transformation within the industry. Paper mills are integrating advanced automation and AI technologies to improve efficiency and production quality. These digital advancements help in predictive maintenance, reduce downtime, and enable better inventory management. Furthermore, there is a growing demand for specialty and customized paper products, fueled by the packaging industry's evolution and consumer preferences for personalized products.
In terms of market dynamics, there is a shifting balance due to the decline in traditional print media and the rise of e-commerce, which boosts demand for packaging materials over standard office paper. The paper mills industry is thus realigning its product mix to cater to these emerging needs.
Looking ahead, forecasts suggest a continued emphasis on sustainable practices and technological innovation. Companies that adapt to these changes and align their operations with global sustainability goals are likely to gain a competitive advantage. Additionally, the industry might see consolidation as larger players acquire smaller, specialized firms to broaden their product offerings and market reach.
This industry is comprised of:
Explore related industries:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.