Global Converting Paper Market – Industry Trends and Forecast to 2030

Global Converting Paper Market, By Application (Newsprint, Hygiene Paper, Printing Paper, Writing Paper, Packaging, Others), Pulp Type (Mechanical Wood Pulp, Semi-Chemical Pulp, Chemical Wood Pulp, Non-Wood Pulp, Recycled Pulp), Paper Type (Coated, Uncoated), End Use Industry (Food Service, Packing and Wrapping, Printing, Consumer Goods, Others) – Industry Trends and Forecast to 2030.

Converting Paper Market Analysis and Size

Growing demand of paper and board in last few years is anticipated to significantly enhance the market growth of the global converting paper market. According to Confederation of European Paper, paper and board manufacture was stable in 2018 as compared to the last three year. The total manufacture of paper reached from 91 million tons in 2016 to 92.2 million tons in 2018. This target was achieved owing to an increase in net capacity increase of 1.3 million tons and the upgradation of existing machines during the forecast period. Furthermore, “Coated” is expected to be the fastest growing paper type segment because this paper gives improved physical properties such as tear, dirt and wear resistance upon paper substrate.

Data Bridge Market Research analyses that the converting paper market is expected to reach USD 548.79 billion by 2030, which is USD 397.93 billion in 2022, registering a CAGR of 4.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Converting Paper Market Scope and Segmentation

Market Definition

Paper converting is a method that comes from taking paper and then converting it into another product. Converting paper is used in many applications such as newsprint, printing paper, hygiene paper, writing paper and so forth. This change is carried out to provide mainly outlined products distinguished on assessing characteristics. Commonly, most of the paper are made from wood filaments called pulp.

Converting Paper Market Dynamics

Drivers

• Increase in demand for newsprint

According to Credit Analysis and Research, a growing number of newspapers and magazines and increasing circulation of newspapers and magazines globally is expected to boost the demand for the newsprint, which is anticipated to reach approximately 2.7 million tons in 2019. Thus, significant growth in demand for the newsprint is anticipated to increase the growth of the global converting paper market in the forecast period.

• Surging usage of converting paper in packaging industry

Converting paper is widely used in the packaging industry to produce corrugated board, carton board, and flexible paper. Growth and expansion in packaging industry leads to the high demand for the converting paper. For instance, Wisconsin Economic Development Corporation (WEDC) in 2017 has stated that the Indian packaging industry provided important business opportunities and held approximately 4% of the global packaging industry. Therefore, surging usage of converting paper in packaging industry is expected to drive the growth rate of the market.

Opportunities

• Increasing focus on adopting new strategies

Major market players in the global market are focused on adopting new strategies such as collaborations and technological development to strengthen their position in the global converting paper market. For instance, American Eagle Paper Mills introduced recycled printing papers named Eagle Inkjet 100 in January 2018. Eagle Inkjet 100 is engineered to provide exceptional print performance across numerous high-speed inkjet platforms. This has produced from 100% post-consumer recycled fiber, Eagle Inkjet 100 also provides high quality and sustainable paper options for corporations and consumers looking to minimalize their environmental footprint. It is a perfect and environmentally conscious option for direct mail, transactional printing and transpromotional marketing. Thus, the increasing focus on adopting new strategies of major market players will generate numerous opportunities for the market growth.

Restraints/ Challenges

• Issues associated with converting paper

The augmented and fluctuating prices of raw material which is used for the production of converting paper and growing use of mobile phones for social media networking will act as major market restraints for the growth of the market. Moreover, the accessibility of resource in local and the increase in the acceptance of digitalization are further responsible for disrupting the growth of the converting paper market in the forecast period of 2023-2030.

This converting paper market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growth  application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the converting paper market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Converting Paper Market Scope

The converting paper market is segmented on the basis of application, pulp type, paper type and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Newsprint
• Hygiene Paper
• Printing Paper
• Writing Paper
• Packaging
• Others

Pulp Type

• Mechanical Wood Pulp
• Semi-Chemical Pulp
• Chemical Wood Pulp
• Non-Wood Pulp
• Recycled Pulp

 Paper Type

• Coated
• Uncoated

 End Use Industry

• Food Service
• Packing and Wrapping
• Printing
• Consumer Goods
• Others

Converting Paper Market Regional Analysis/Insights

The converting paper market is analyzed and market size insights and trends are provided by country, application, pulp type, paper type and end use industry as referenced above.

The countries covered in the converting paper market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the converting paper market in terms of market share and revenue owing to the increasing awareness regarding environment protection among people within the region.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the usage of biodegradable water bottles to lessen plastic waste in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Converting Paper Market Share Analysis

The 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.

Some of the major players operating in the converting paper market are:

• American Eagle Paper Mills (U.S.)
• Georgia-Pacific (U.S.)
• International Paper (U.S.)
• Domtar Corporation (U.S.)
• Gemini Graaphics Pvt. Ltd (India)
• JK Paper (India)
• Billerud Americas Corporation (U.S.)
• Burgo Group S.p.A. (Italy)
• Paper Excellence (Canada)
• Cascades Inc. (Canada)
• Finch Paper LLC (U.S.)
• Stora Enso (Finland)
• Canfor Clearwater Paper Corporation (U.S.)
• Twin Rivers Paper Company (U.S.)
• WestCoast Paper Mills (India)
• CROWN PAPER CONVERTING (U.S.)
• Nippon Paper Industries Co., Ltd. (Japan)
• UPM (Finland)