Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Uncoated Testliner Market by Type (Classy Product, Grade A Product, Nonconforming Product), By Application (Printing Industry, Electrical and Electronics, Consumer Goods, Agriculture, Food and Beverages, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Uncoated Testliner Market by Type (Classy Product, Grade A Product, Nonconforming Product), By Application (Printing Industry, Electrical and Electronics, Consumer Goods, Agriculture, Food and Beverages, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 217780 3300 Chemical & Material 377 243 Pages 4.6 (33)
                                          

Market Overview:


The global uncoated testliner market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for uncoated testliner from the printing industry, electrical and electronics, consumer goods, agriculture, food and beverages, and other applications. In terms of type, the global uncoated testliner market is segmented into classy product, grade A product, and nonconforming product. The grade A product segment is expected to account for a major share of the global uncoated testliner market during the forecast period.


Global Uncoated Testliner Industry Outlook


Product Definition:


An uncoated testliner is a paper that has been manufactured without a coat of clay or other finish. It is used as the basis for printing tests to ensure that the inks and other printing processes will work correctly on more finished papers.


Classy Product:


Uncoated testliner is a type of paper used in the packaging industry for labeling and printing on it. It is also known as white lined paper or white lined cardstock. The product has high opacity, smoothness, and whiteness making it suitable for use in labeling and printing applications.


Grade A Product:


The global grade A product and its usage in the Uncoated Testliner market is driven by growing demand for environment-friendly packaging. Increasing concerns regarding plastic waste have led to a shift in trend towards sustainable packaging solutions, which is expected to drive the demand over the forecast period.


Grade A products are high-quality surface coating materials that exhibit superior performance on various substrates such as cardboards, cartons, and paperboard among others.


Application Insights:


The other application segment includes packaging, agriculture and food processing industries. The demand for testliners in the printing industry is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to its increasing use in various applications such as brochures, pamphlets, books and magazines. In addition, the product has numerous uses in the paper manufacturing process such as pre-pressing and post-pressing operations which are likely to propel its demand over the forecast period.


Electrical & electronics industry is also anticipated to witness significant growth over the forecast period on account of growing use of coated testliner products for manufacturing printed circuit boards (PCB). Testliners act as an excellent insulator which prevents electrical short circuits between layers during PCB assembly which further increases their usage rate making them one of the important components used in electronic devices across different industries globally.


Consumer goods sector including cosmetics.


Regional Analysis:


Asia Pacific was the largest global uncoated testliner market and accounted for over 40% of the total revenue in 2016. The region is expected to continue its dominance over the forecast period owing to high product demand from various end-use industries, including printing, consumer goods, agriculture and food processing.


The Asia Pacific economy is characterized by rapid industrialization and urbanization resulting in an increasing population with higher spending capacity. These macroeconomic factors are anticipated to promote industry growth over the next eight years. In addition, rising disposable income levels coupled with growing awareness regarding environment protection will further propel regional demand during the same period.


Growth Factors:


  • Increasing demand for packaging from the food and beverage industry
  • Rising demand for lightweight and sustainable packaging solutions
  • Growing popularity of Uncoated Testliner in Asia Pacific region
  • Proliferation of e-commerce sector and increasing demand for corrugated boxes
  • Technological advancements in printing and converting processes

Scope Of The Report

Report Attributes

Report Details

Report Title

Uncoated Testliner Market Research Report

By Type

Classy Product, Grade A Product, Nonconforming Product

By Application

Printing Industry, Electrical and Electronics, Consumer Goods, Agriculture, Food and Beverages, Other

By Companies

Greif, PCA, Pratt Industries, Sonoco Products Company, BillerudKorsn?s, Svenska Cellulosa Aktiebolaget, Klabin, Longchen, Oji Fibre Solutions (NZ) Ltd, Zhejiang Jingxing, Ji'an Group, Lee & Man, Zhejiang Rongsheng, Smurfit Kappa Group, Astron Paper & Board Mill, Eagle Paper International Inc, Thai Paper Mill Co, International Paper, Hazel Mercantile Limited, Universal Pulp & Paper, Nine Dragons Paper Holdings Limited, Mondi Group Plc, DS Smith Plc, Georgia-Pacific LLC, WestRock Company, KapStone Paper & Packaging Corporation, Metsä Board Oyj

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

243

Number of Tables & Figures

171

Customization Available

Yes, the report can be customized as per your need.


Global Uncoated Testliner Market Report Segments:

The global Uncoated Testliner market is segmented on the basis of:

Types

Classy Product, Grade A Product, Nonconforming Product

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Printing Industry, Electrical and Electronics, Consumer Goods, Agriculture, Food and Beverages, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Greif
  2. PCA
  3. Pratt Industries
  4. Sonoco Products Company
  5. BillerudKorsn?s
  6. Svenska Cellulosa Aktiebolaget
  7. Klabin
  8. Longchen
  9. Oji Fibre Solutions (NZ) Ltd
  10. Zhejiang Jingxing
  11. Ji'an Group
  12. Lee & Man
  13. Zhejiang Rongsheng
  14. Smurfit Kappa Group
  15. Astron Paper & Board Mill
  16. Eagle Paper International Inc
  17. Thai Paper Mill Co
  18. International Paper
  19. Hazel Mercantile Limited
  20. Universal Pulp & Paper
  21. Nine Dragons Paper Holdings Limited
  22. Mondi Group Plc
  23. DS Smith Plc
  24. Georgia-Pacific LLC
  25. WestRock Company
  26. KapStone Paper & Packaging Corporation
  27. Metsä Board Oyj

Global Uncoated Testliner Market Overview


Highlights of The Uncoated Testliner Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Classy Product
    2. Grade A Product
    3. Nonconforming Product
  1. By Application:

    1. Printing Industry
    2. Electrical and Electronics
    3. Consumer Goods
    4. Agriculture
    5. Food and Beverages
    6. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Uncoated Testliner Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Uncoated Testliner Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Uncoated testliner is a type of paper that is not coated with an adhesive. It is often used in laboratory tests because it does not stick to surfaces and it does not leave residue.

Some of the key players operating in the uncoated testliner market are Greif, PCA, Pratt Industries, Sonoco Products Company, BillerudKorsn?s, Svenska Cellulosa Aktiebolaget, Klabin, Longchen, Oji Fibre Solutions (NZ) Ltd, Zhejiang Jingxing, Ji'an Group, Lee & Man, Zhejiang Rongsheng, Smurfit Kappa Group, Astron Paper & Board Mill, Eagle Paper International Inc, Thai Paper Mill Co, International Paper, Hazel Mercantile Limited, Universal Pulp & Paper, Nine Dragons Paper Holdings Limited, Mondi Group Plc, DS Smith Plc, Georgia-Pacific LLC, WestRock Company, KapStone Paper & Packaging Corporation, MetsƒÂ¤ Board Oyj.

The uncoated testliner market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Uncoated Testliner Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Uncoated Testliner Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Uncoated Testliner Market - Supply Chain
   4.5. Global Uncoated Testliner Market Forecast
      4.5.1. Uncoated Testliner Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Uncoated Testliner Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Uncoated Testliner Market Absolute $ Opportunity

5. Global Uncoated Testliner Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Uncoated Testliner Market Size and Volume Forecast by Type
      5.3.1. Classy Product
      5.3.2. Grade A Product
      5.3.3. Nonconforming Product
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Uncoated Testliner Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Uncoated Testliner Market Size and Volume Forecast by Application
      6.3.1. Printing Industry
      6.3.2. Electrical and Electronics
      6.3.3. Consumer Goods
      6.3.4. Agriculture
      6.3.5. Food and Beverages
      6.3.6. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Uncoated Testliner Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Uncoated Testliner Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Uncoated Testliner Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Uncoated Testliner Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Uncoated Testliner Demand Share Forecast, 2019-2026

9. North America Uncoated Testliner Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Uncoated Testliner Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Uncoated Testliner Market Size and Volume Forecast by Application
      9.4.1. Printing Industry
      9.4.2. Electrical and Electronics
      9.4.3. Consumer Goods
      9.4.4. Agriculture
      9.4.5. Food and Beverages
      9.4.6. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Uncoated Testliner Market Size and Volume Forecast by Type
      9.7.1. Classy Product
      9.7.2. Grade A Product
      9.7.3. Nonconforming Product
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Uncoated Testliner Demand Share Forecast, 2019-2026

10. Latin America Uncoated Testliner Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Uncoated Testliner Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Uncoated Testliner Market Size and Volume Forecast by Application
      10.4.1. Printing Industry
      10.4.2. Electrical and Electronics
      10.4.3. Consumer Goods
      10.4.4. Agriculture
      10.4.5. Food and Beverages
      10.4.6. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Uncoated Testliner Market Size and Volume Forecast by Type
      10.7.1. Classy Product
      10.7.2. Grade A Product
      10.7.3. Nonconforming Product
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Uncoated Testliner Demand Share Forecast, 2019-2026

11. Europe Uncoated Testliner Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Uncoated Testliner Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Uncoated Testliner Market Size and Volume Forecast by Application
      11.4.1. Printing Industry
      11.4.2. Electrical and Electronics
      11.4.3. Consumer Goods
      11.4.4. Agriculture
      11.4.5. Food and Beverages
      11.4.6. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Uncoated Testliner Market Size and Volume Forecast by Type
      11.7.1. Classy Product
      11.7.2. Grade A Product
      11.7.3. Nonconforming Product
   11.8. Basis Point Share (BPS) Analysis by Tye
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Uncoated Testliner Demand Share, 2019-2026

12. Asia Pacific Uncoated Testliner Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Uncoated Testliner Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Uncoated Testliner Market Size and Volume Forecast by Application
      12.4.1. Printing Industry
      12.4.2. Electrical and Electronics
      12.4.3. Consumer Goods
      12.4.4. Agriculture
      12.4.5. Food and Beverages
      12.4.6. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Uncoated Testliner Market Size and Volume Forecast by Type
      12.7.1. Classy Product
      12.7.2. Grade A Product
      12.7.3. Nonconforming Product
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Uncoated Testliner Demand Share, 2019-2026

13. Middle East & Africa Uncoated Testliner Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Uncoated Testliner Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Uncoated Testliner Market Size and Volume Forecast by Application
      13.4.1. Printing Industry
      13.4.2. Electrical and Electronics
      13.4.3. Consumer Goods
      13.4.4. Agriculture
      13.4.5. Food and Beverages
      13.4.6. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Uncoated Testliner Market Size and Volume Forecast by Type
      13.7.1. Classy Product
      13.7.2. Grade A Product
      13.7.3. Nonconforming Product
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Uncoated Testliner Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Uncoated Testliner Market: Market Share Analysis
   14.2. Uncoated Testliner Distributors and Customers
   14.3. Uncoated Testliner Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Greif
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. PCA
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Pratt Industries
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Sonoco Products Company
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. BillerudKorsn?s
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Svenska Cellulosa Aktiebolaget
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Klabin
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Longchen
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Oji Fibre Solutions (NZ) Ltd
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Zhejiang Jingxing
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Ji'an Group
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Lee & Man
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Zhejiang Rongsheng
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Smurfit Kappa Group
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Astron Paper & Board Mill
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Eagle Paper International Inc
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Thai Paper Mill Co
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. International Paper
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Hazel Mercantile Limited
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Universal Pulp & Paper
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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