Emanuele Bona · VP Europe, Pulp & Paper Products Council (PPPC) · Print Matters 2026
At Intergraf Print Matters in Budapest, Morten Reitoft speaks with Emanuele Bona, Vice President Europe at PPPC, following a presentation that offered a realistic assessment of the long-term decline in graphic paper consumption across Europe and the broader changes reshaping the paper industry.
While the numbers may appear challenging at first glance, the conversation quickly reveals a more nuanced picture of an industry that has spent years adapting to changing market realities. Emanuele explains how paper producers have diversified beyond traditional graphic papers, moving into packaging grades, specialty papers, recycled fiber applications, and even energy production. Many companies have successfully transformed their business models to remain profitable despite significantly lower volumes than in previous decades.
The discussion explores the factors that have shaped the industry in recent years, from the financial crisis and the pandemic to geopolitical tensions, inflation, and energy costs. As one of Europe’s most energy-intensive industries, paper manufacturing has faced extraordinary challenges, yet many producers have continued to invest in efficiency, sustainability, and innovation.
Morten and Emanuele also discuss the role of recycled fibers, the balance between recycled and virgin fiber content, and why different applications require different paper qualities. While recycled papers play an increasingly important role in sustainability strategies, certain premium applications still depend on high-quality virgin fibers to meet customer expectations and technical requirements. The conversation also touches on the challenges associated with declining paper consumption, where lower volumes can create new pressures on fiber availability and recycling systems.
Looking beyond the statistics, Emanuele argues that the industry is entering a new phase. Traditional segments such as newspapers, magazines, and catalogs continue to decline, but opportunities remain in commercial print, specialty papers, labels, and other higher-value applications. As producers continue adapting their portfolios and business models, the pace of decline may eventually slow, creating a more balanced and sustainable market environment.
A candid and insightful conversation about market realities, sustainability, recycled fibers, specialty papers, and how the European paper industry is adapting to a future that is very different from its past.









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