The global converting paper Market size is expected to be worth around US$ 440.7 billion by 2027 and the market is projected to showcase 2.5% CAGR during the forecast period. The converting paper market is driven by rapid expansion in the e-commerce packaging sector.
The converting paper market is expected to witness significant growth over the forecast period. This is owing to increasing demand for converting paper from various applications such as hygiene paper, writing paper, printing paper, newsprint, and others.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
The global converting paper market is segmented on the basis of application, end-use, pulp type, and paper type. In terms of application, the converting paper market is segmented into printing paper, newsprint, writing paper, hygiene paper, packaging, and others. In the packaging segment, converting paper is used for manufacturing carton board, corrugated board, and flexible paper.
More than half of the converting paper is used in the packaging applications owing to low cost and eco-friendly packaging formats. In the global converting paper market, newsprints, printing papers, and writing papers application segments are expected to reduce in market size during the forecast period. The carton board segment is projected to witness fast-paced growth throughout the forecast period.
Converting Paper Is Repositioning the Paper Industry as “Fiber Industry”
The consumption of converting paper for tasks apart from writing and printing is increasing across the globe. For example, sanitary and packaging markets are becoming the emerging end users for the converting paper market. The adoption of converting paper for industrial packaging is increasing owing to low cost and sustainability as compared to plastic, metal, and glass. The use of converting paper material for manufacturing of intermediate bulk containers, liners, sacks, and absorbents has considerably increased in the past few years owing to the high-quality products offered by packaging leaders such as Sealed Air, Mondi, DS Smith, and others.
Expansion of E-Commerce Packaging Sector Fueling Demand for Converting Paper
The evolving e-commerce industry is embracing converting paper for shipment packaging owing to the quality expectations of customers and the need for lightweight packaging formats. Penetration of E-Commerce in the retail market is growing at a substantial rate. With this growth, the demand for efficient packaging solutions is also increasing. Packaging is one of the key factors influencing consumer preference. Companies want to stay a step ahead of their competitors to ensure maximum market share, which is why, they are willing to invest in superior packaging solutions. Also, using sturdy corrugated boxes for transit ensures safe delivery of the product.
Digitalization Compelling Converting Paper Manufacturers to Incorporate Innovative Features
The growing adoption of digitalization is expected to reduce the demand for printing and writing paper. Digital media and paperless communication are replacing paper, and threatening the traditional market for newsprint and office paper. The market share of printing and writing paper is shifting to packaging paper owing to the growth of the e-commerce market and consumer preference for converting paper packaging formats. Digitalization is negatively affecting printing and writing paper markets, but it still has benefits for converting paper manufacturers and suppliers. With the help of digital tools, converting paper and packaging companies are improving their customer services and manufacturing activities to ensure improved product quality, tracking information of shipped goods, and convenient customer support.
The United States and Canada are taken under consideration for the North America converting paper market analysis. The United States is estimated to dominate the converting paper market due to the evolving packaging industry and intolerance for plastic products in packaging. The rapidly growing digital media is expected to restrain the growth of graphic paper in the North American region.
The Latin America converting paper market is projected to witness fast-paced growth due to an increase in demand for tissue paper and packaging paper. Owing to a rise in demand for consumer paper products, Brazil is expected to be a highly attractive converting paper market in terms of market share and growth rate during the forecast period.
The European converting paper market is segmented into Germany, Italy, France, United Kingdom, Spain, Benelux, Nordics, Russia, Poland, and Rest of Europe. Germany is estimated to dominate the European converting paper market in terms of production and consumption. Germany is one of the largest converting paper exporters across the globe followed by China and the United States. The hygiene paper segment is estimated to witness fast-paced growth in the European converting paper market during the forecast period. In the European market, the packaging industry is expected to share half of converting paper share by the end of 2027.
The Asia Pacific is projected to be an emerging market for converting paper during the forecast period. Rapidly evolving packaging industry of China, India, and ASEAN is the prominent driver for the converting paper markets in the region, although relatively gentle regulations for the usage of plastics in the region have restrained the growth of converting paper in the geography. The Asia Pacific market, especially China and India, is anticipated to be the largest consumer of paper for writing, printing, and packaging. It is expected to promise high returns on investments by key global players. The introduction of new enterprises in China and India are improving the market share of printing paper. The growing urbanization and economy drive the demand for paper for writing and printing with consumption in packaging.
The Middle East & Africa region is analysed by evaluating key countries including GCC countries, Northern Africa, South Africa, and Turkey. Countries in North Africa, specifically Egypt, are gradually emerging as the prominent consumers of converting paper in the MEA region due to the increasing domestic demand for paper products such as food containers, tissue papers, and other packaging products. At present, Turkey is the largest converting paper market in the MEA region with around one-fourth of the market share in 2019.
Rigorous trade regulations in the European countries restricting the import of Turkish products have severely impacted the converting paper market in the country, leading to a shrink in market size by the end of 2027. The packaging industry of GCC countries and North Africa countries is rising at a significant pace, increasing the demand for converting paper for packaging applications in the MEA region. The hygiene paper segment is projected to witness considerable growth in the region owing to the gradual adoption of tissue paper among Africans.
Key players
Key players in the global converting paper market are analysed during the development of the report to estimate the market revenue and identify market trends and scenarios. The companies profiled in the converting paper report include Canfor Corporation, International Paper Company, Stora Enso Oyj, Georgia-Pacific LLC, Clearwater Paper Corporation, BillerudKorsnäs AB, Burgo Group SPA, Twin Rivers Paper Company Inc., American Eagle Paper Mills, Delta Paper Corp., UPM-Kymmene Oyj, P.H. Glatfelter Co., Domtar Corporation, Mitsubishi Paper Mills Limited, Verso Corporation, Alberta Newsprint Company Ltd., Finch Paper LLC., Catalyst Paper Corporation, Asia Pacific Resources International Holdings Ltd., and Rolland Enterprises Inc.
Market Segmentation
Market By Application
Market By Pulp Type
Market By Paper Type
Market By End Use
Market By Geography
The Converting Paper market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Converting Paper market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Converting Paper market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Converting Paper market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Converting Paper market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Converting Paper capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Converting Paper by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Converting Paper market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Converting Paper market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Converting Paper market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Converting Paper industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Converting Paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Converting Paper market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Converting Paper market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Converting Paper market. These factors have benefited the growth of the global market for Converting Paper. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Converting Paper. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Converting Paper are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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