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Converting paper market Business Segmentation By Revenue And Structure Forecast 2027 | International Paper Company, Georgia-Pacific LLC,
Converting paper market
Among pulp type, chemical wood pulp is a pulp obtained Kraft pulping process and it is the most common process used by cooking or digestion of wood treating with different solutions of chemicals. The paper produced from chemical wood pulp are colorless and the products which are manufactured are quite strong. Usually, chemical pulps are used to make writing and printing papers, paper bags, shipping containers, and various other paper product categories that require strength.
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Detailed Segmentation:
Global Converting paper Market, By Application:
Newsprint
Hygiene Paper
Printing Paper
Writing Paper
Packaging
Others
Global Converting paper Market, By Pulp Type:
Mechanical Wood Pulp
Semi-chemical Pulp
Chemical Wood Pulp
Non-wood Pulp
Recycled Pulp
Among applications, packaging segment accounted for the largest revenue share in 2018, in the global converting paper market. Converting paper is used in packaging industry for production of carton board, corrugated board, and flexible paper. Growth in packaging industry leads to high demand for converting paper. For instance, in 2017, Wisconsin Economic Development Corporation (WEDC) stated that the Indian packaging industry offered significant business opportunities and held nearly about 4% of the global packaging industry.
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However, digitalization and increasing usage of mobiles with high internet speed is adversely affecting newsprint and writing & printing paper markets. Growing adoption of digitalization and high usage of mobile phones for social media networking is expected to reduce the demand for newsprint and printing & writing paper. Paperless communication and digital media are replacing paper and are projected to adversely affect the converting paper market for office paper and newsprint products.
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