It may be a surprise for many people that the paper industry around the globe is a major one with a turnout of hundreds and millions of dollars. Currently, everyone is familiar with the fact that paper consumption is increasing everywhere, and this practice is highly unsustainable for the environment. This reality is true for the Asian continent where the use of paper is very high due to the increasing trend of getting educated. Meanwhile, the consumption has been recorded at unequal levels in other parts of the world. The population in the Asian continent is increasing while the developing countries of this region witness competition to gain good quality education to excel in the future. The environmental sustainability laws in Asian countries are not that good. Asian continent is among those regions of the world which has badly been affected due to climate change and inconsistent weather patterns. Currently, the world is witnessing the hottest summers and sheer cold winters but despite this reality, we have not taken any positive step for pollution control and tree plantation. Planting trees will help make the environment clean and green. This article sheds light on Top 5 Largest Paper Companies as discussed by Insider Monkey in a Yahoo article.
WestRock is a renowned company with a current market cap of $11.9 billion. According to available data, the company’s revenue during the year 2019 was $18.4 billion. It was during the same year when the company owned assets worth $30.9 billion. WestRock is one of the biggest paper companies in the world with more than $862.2 billion in profits during 2019. It provided packaging materials and is headquartered in Atlanta. WestRock came into being in the year 2015. The total workforce of the company is 51,100 people as per data from 2019. Another company, International Paper, is the biggest company in this world. It is a US-based company which was founded around 123 years ago during 1893. It is headquartered in Memphis, Tennessee. The company reported revenue of $22.1 billion during 2019. During the same year, the company owned assets worth $33.2 billion. Initially, the company was founded in New York. Till 2019, International Paper had a workforce of 51,000 people. It reported a sum of $660 billion as profit during 2019. Besides these 2 companies, there are various other paper companies. To read more about paper companies, read this article 15 Biggest Paper Companies in the World.