The global converting paper market was valued at US$ 369.2 million in 2018, according to Converting paper Market Report by Application (Newsprint, Hygiene Paper, Printing Paper, Writing Paper, and Others), by Pulp Type (Mechanical Wood Pulp, Semi-chemical Pulp, Chemical Wood Pulp, Non-wood Pulp, and Recycled Pulp), by Paper Type (Coated and Uncoated), by End-use Industry (Food Service, Packaging & Wrapping, Printing, Consumer Goods, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.
The global converting paper market is projected to reach US$ 458.0 million by 2027, exhibiting a CAGR of 2.5% during the forecast period (2019-2027). Factors such as emergence of low cost and sustainable products coupled with increasing demand for converting paper in the packing & wrapping, printing, consumer goods, and other industries is expected to drive growth of the global converting paper market over the forecast period.
Furthermore, demand for efficient packaging solutions in lightweight packaging formats is increasing in evolving e-commerce industry. Converting paper is used in packaging applications, owing to eco-friendly packaging formats. For instance, according to Wisconsin Economic Development Corporation, Indian packaging industry accounted for US$ 32.00 billion in 2015, and is expected to witness a CAGR of 13-15% in the near future. Therefore, significant growth in the packaging industry is expected to boost the demand for converting paper during the forecast period.
Digitalization is adversely affecting writing and printing paper markets. Growing adoption of digitalization is expected to reduce the demand for printing and writing paper. Paperless communication and digital media are replacing paper and are anticipated to adversely affect the converting paper market for office paper and newsprint.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 54 market data tables* and 32 figures* on "Converting paper Market” - Global forecast to 2027.
Key Takeaways of the Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.