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Status of US Paper Industry Exports
The United States is the producer of approximately 30% of the total global production of paperboard and paper. It plays a crucial role for the balance of trade in USA. This balance witnessed an increase during the 1990s. Current statistics, however, show a drop of 5.5% in the export figures, while imports recorded a steep rise of 20% and more.
The US paper industry boomed owing to a number of factors. It boasted of a highly skilled labor force, mills equipped with modern equipments, well developed infrastructure and a fairly big domestic market. Some of the important export markets of USA include Germany, France, Italy, Mexico and Japan.
Leading US Paper Industry Companies
Some of the leading paper making companies in the United States includes:
- International Paper
- Procter & Gamble (Paper)
- AbitibiBowater Inc.
- Plum Creek Timber
- Universal Forest Products
Objectives of US Paper Industry
The paper industry in United States of America now attempts to fulfill its objective of recovering a major chunk of used paper (55%) by recycling within 2012. It has even managed to recover a large portion of it by 2005. Almost 86% of the country’s population can access paper recycling.
Potential of US Paper Industry
Capable of generating $850 billion annually and employment opportunities for nearly 9,000,000 people, the paper industry in the United States of America exhibits potential for contributing a sizable share in the country’s economy.