Converting Paper Market
Converting paper finds applications in the sanitary and packaging industry. The consumption of converting paper is growing rapidly for tasks other than printing and writing across the globe. Converting paper finds applications in the growing industrial packaging industry, owing to sustainability and low cost as compared to other materials such as metal, glass, or plastic. Converting paper materials is used in the manufacturing of absorbents, liners, and bulk containers owing to increasing the quality of products, in the recent past.
Converting paper finds applications in packaging industry. This is owing to evolving packaging industry and stringent government regulations regarding intolerance for plastic products in packaging. Therefore, significant growth in the packaging industry is expected to boost the global Converting Paper Market during the forecast period. According to a fact book released by ‘Interpack Alliance’, by 2020, the Indian packaging industry is projected to generate a revenue of US$ 73.00 billion from US$ 32.00 billion in 2015.
Market Dynamics
Among applications, the writing paper segment is expected to hold a significant market share in the global Converting Paper Market over the forecast period. Writing papers are paper grades used for commercial printing, newspapers, catalogs, books, business forms, magazines, stationeries, copying, and for digital printing.
Among regions, Asia Pacific held a dominant position in the global Converting Paper Market, in terms of revenue share, in 2022. This is owing to the increasing demand for personal hygiene products and the high use of converting paper in making hygiene paper products such as tissue paper, baby diapers, and others. This is attributed to growing health awareness and increasing healthcare investment, which is propelling the growth of the global Converting Paper Market in this region. According to the Centers for Medicare & Medicaid Services (CMS), U.S., healthcare investment increased by 3.9% and reached US$ 3.5 trillion or US$ 10,739 per person in 2017 from US$ 3.3 trillion or US$ 10,348 per person in 2016.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
Browse 54 market data tables* and 32 figures* on "Global Converting Paper Market” - Global forecast to 2030.
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