Converting Paper Market Report Size with Valuable Insights, Share, Growth Survey, and Leading Top Competitors from 2019 to 2027

The global converting paper market is poised for significant growth, driven by increasing demand in the paper packaging industry, according to a recent report by Transparency Market Research. The market, valued at US$ 375.9 Bn in 2018, is projected to expand at a Compound Annual Growth Rate (CAGR) of 1.9% during the forecast period (2019-2027).

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The converting paper market is segmented based on application, end-use, pulp type, and paper type. Notably, more than half of the converting paper is used in packaging applications, with carton board witnessing rapid growth throughout the forecast period. The expanding e-commerce sector is a key driver, as converting paper finds favor in shipment packaging for its quality, lightweight, and eco-friendly characteristics.

The paper industry is undergoing a repositioning as a "Fiber Industry" due to the increasing consumption of converting paper in non-traditional applications. Industries such as sanitary and packaging are emerging as key end-users, with converting paper being adopted for industrial packaging, including the manufacturing of intermediate bulk containers, liners, sacks, and absorbents.

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E-commerce's exponential growth is a major contributor to the surge in demand for converting paper. Companies are increasingly turning to converting paper for efficient and lightweight packaging solutions to meet customer expectations. The demand for sturdy corrugated boxes for product transit is on the rise, ensuring the safe delivery of goods in the competitive e-commerce market.

The report highlights the impact of digitalization on the paper industry, with a shift in market share from printing and writing paper to packaging paper. Despite the challenges posed by digital media and paperless communication, converting paper manufacturers are leveraging digital tools to enhance customer services, improve manufacturing activities, and ensure the quality and tracking of shipped goods.

Recent Developments in the Converting Paper Market:

• In October 2018, GP (Georgia Pacific) Pro introduced Dixie Ultra® Insulair Paper Hot Cup, featuring air pockets that insulate hot beverages from the cup holder's hands.
• In February 2018, Canfor Corporation announced a new sawmill in Georgia, with an investment of approximately US$ 120 Mn and a production capacity of 275 Mn board feet.
• In November 2017, Stora Enso launched the fiber cup, a paperboard-based product for packaging dairy products and chilled foods.
• In September 2017, International Paper Company invested around US$ 300 Mn for converting its paper machine at Riverdale Mill to high-quality whitetop linerboard and containerboard.
• The competitive landscape of the global converting paper market includes key players such as Stora Enso Oyj, Georgia-Pacific LLC, Canfor Corporation, International Paper Company, Clearwater Paper Corporation, and others.

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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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