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Global Converting Paper Market Segmentation by Paper (Coated and Uncoated); By Pulp (Mechanical Wood Pulp, Semi-chemical Pulp, Chemical Wood Pulp, Non-wood Pulp, and Recycled Pulp); By Application (Newsprint, Hygiene Paper, Printing Paper, Writing Paper, and Others), and Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 12522
Pages: 175
Formats: report pdf report excel report power bi report ppt

Converting Paper Market Growth, Size, Share (2023 – 2028)

The Global Converting Paper Market size was worth US$ 370.2 million in 2022, and revenue is set to gradually grow at a CAGR of 2.5 percent from 2023 to 2028, reaching US$ 458.0 million by 2028.

Converting Paper Market

Market Overview:

"Paper conversion" refers to the process of converting paper into another product. Hygiene paper, newsprint, writing paper, printing paper, and other uses all employ converting paper. The worldwide converting paper market is predicted to develop due to rising demand for converting paper across a wide range of applications.

Chemical wood pulp is a form of pulp generated by the Kraft pulping process, and it's the most frequent way to treat wood with chemical solutions. Colorless paper is produced using chemical wood pulp, and the products are extremely durable. Chemical pulps are used in the production of writing and printing papers, as well as paper bags, shipping containers, and other paper-based products.

Recent Developments in Converting Paper Industry:

  • The Craven County Partners In Education received a $5,000 grant from the International Paper Foundation to sponsor the International Paper Literacy Grant, which is available to all Craven County schools
  • Burgo Group, an Italian paper company, has announced the sale of its Verzuolo containerboard facility. According to the Smurfit Kappa Group, the mill has a capacity of 600,000 TPY (SKG). The purchasing price was estimated to be €360 million. In the fourth quarter of 2021, the deal is scheduled to close.
  • Canfor Corporation has donated $125,000 to the Canadian Red Cross in support of their extreme weather response in British Columbia.
  • BillerudKorsnäs has reached an agreement with Inspirit, a British investment business, to sell the Beetham mill. The purchase price equates to approximately SEK 30 million in equity.

CONVERTING PAPER MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

2.3%

Segments Covered

By Paper, Plup, Application, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Georgia-Pacific Corp (US),Weyerhaeuser Corp (US),Kimberly-Clark Corp (US),Stora Enso (Finland),UPM (Finland),SCA (Sweden),BillerudKorsnäs (Sweden),Oji Paper (Japan),Nippon Unipac Holding (Japan),Burgo Group (Italy),Canfor Corp (Canada) and Others.

Market Drivers:

The expansion of converting paper markets is driven by an increase in demand for print media, such as paper, which is a common and necessary product used to make notebooks, periodicals, and print books. E-commerce penetration Because of its low cost and environmental friendliness, converting paper is in high demand in packaging applications. Key factors driving market expansion throughout the projection period include an increase in the usage of sanitary papers and toilet papers for personal hygiene concerns.

Market Restraints:

A considerable percentage of forest wood is consumed by the paper industry. The forest acreage dropped by 3.3 million hectares between 2000 and 2015, according to the Food and Agricultural Organization. Furthermore, regional governments established severe limitations on the source of forest wood. Furthermore, pulp and paper is one of the most water-intensive sectors. In general, it takes roughly 20 litres of water to make an A4 size paper sheet. As a result of escalating deforestation and water shortages, guaranteeing continuous raw material and resource availability is becoming increasingly important for industry growth.

Market opportunities:

Resource efficiency and bioeconomy are two potentials for the paper and pulp sectors. Continuous technological advancements can help to lessen environmental consequences and optimize resource consumption. New techniques may provide creative solutions to generate new cellulose-based applications and products that provide value. To achieve the sector's goals for the 2050 Roadmap towards a low-carbon bio-economy, breakthrough technologies are required, such as those that minimize the use of heat in paper manufacture through reduced water usage. By 2050, these goals include an 80% reduction in carbon dioxide emissions and a 50% increase in value. The bioeconomy is providing chances for the sector to take advantage of. New business models will enable the sector to fully use the potential of wood and wood fiber to create goods and innovative materials for the food, textile, cosmetics, and pharmaceutical industries, as well as chemicals, bio-based fuels, and conventional wood-based products.

Despite the fact that protracted lockdowns caused supply chains and pulp and paper manufacturing to be disrupted throughout the world as a result of COVID-19, demand for hygiene and personal care products, particularly tissue paper, surged. Leading worldwide tissue manufacturers are concentrating their efforts on addressing the ever-increasing demand for tissue papers from hospitals and other healthcare institutions.

Market Challenges:

End-users namely bioenergy firms are enlarging their demand for household wood supplies. Increased sustainable wood mobilization and the development of new technologies for further optimizing the added value from raw materials through cascading use of wood (cascading contributes to greater resource efficiency and, as a result, reduces environmental pressure) would help match wood supply and demand. The use of graphic paper is decreasing as a result of digitalization. However, rise in packaging and hygiene papers balances this out. The production of bio-based goods is opening up a slew of new options for the industry. Although the business is expanding its share of international exports, tariff obstacles and protectionist subsidies for competing products create an uneven playing field. Export taxes and levies on wood are causing worry. Fibrous raw material, for example, accounts for the majority of manufacturing expenses, therefore its availability at reasonable pricing is critical for the business.

Converting Paper Market Segmentation Analysis:

By Paper:

The market is segmented into Coated and Uncoated.

During the projection period, the coated paper segment experienced significant growth. On paper substrates, the coating gives improved physical features such as dirt, tear, and wear resistance, as well as a longer life term.

By Pulp:

The market is segmented into Mechanical Wood Pulp, Semi-chemical Pulp, Chemical Wood Pulp, Non-wood Pulp, and Recycled Pulp.

Chemical wood pulp is made using the Kraft pulping method, which is the most common method for boiling or digesting wood and treating it with various chemical solutions. Chemical wood pulp paper is colourless, and the resultant goods are extremely durable. Chemical pulps are commonly used in the manufacture of writing and printing sheets, paper bags, shipping containers, and a range of other strong paper goods.

By Application:

The market is segmented into Newsprint, Hygiene Paper, Printing Paper, Writing Paper, and Others.

In 2021, the packaging sector had the biggest revenue share in the worldwide converting paper market. Converting paper is used to manufacture carton boards, corrugated boards, and flexible paper in the packaging industry. As the packaging industry grows, so does the demand for converting paper.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America is predicted to continue to lead the global market over the forecast period. This is due to the rising demand for personal hygiene products and the use of converting paper in the production of personal hygiene paper products like baby diapers, tissue papers, and other such items.

During the projection period, Asia Pacific is expected to be a developing market for converting paper. The Asia Pacific region's converting paper markets are being driven by China and India's rapidly increasing packaging industries.

Market Leader:

US-based International Paper Company is the leading player in the global converting paper market.

Impact of COVID-19 On Converting Paper Market

Demand for converting paper is at an all-time low as a result of the COVID-19 outbreak, and retail closures during the lockdown period harm the market's global growth. The lockdown has affected manpower and resource availability, impacting the output scale of the converting paper business. Because of transportation constraints, the market's supply channel system has been affected.

Key Players in the Market:

Major Key Players in the Global Converting Paper Market are

  • Georgia-Pacific Corp (US)
  • Weyerhaeuser Corp (US)
  • Kimberly-Clark Corp (US)
  • Stora Enso (Finland)
  • UPM (Finland)
  • SCA (Sweden)
  • BillerudKorsnäs (Sweden)
  • Oji Paper (Japan)
  • Nippon Unipac Holding (Japan)
  • Burgo Group (Italy)
  • Canfor Corp (Canada)

 

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FAQ's

What can be the size of the global Converting Paper Market by 2028?

By 2028, it is predicted that the global Converting Paper market can reach a valuation of US$ 458.0 million.

What can be the compound annual growth rate of the global Converting Paper market?

The Global Converting Paper market can expand with a CAGR of 2.5% during the forecast period.

Mention the major Key Players in the Global Converting Paper Market?

Georgia-Pacific Corp (US),Weyerhaeuser Corp (US),Kimberly-Clark Corp (US), Stora Enso (Finland),UPM (Finland),SCA (Sweden), BillerudKorsnäs (Sweden),Oji Paper (Japan),Nippon Unipac Holding (Japan), Burgo Group (Italy),Canfor Corp and Others.

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