Press release
Converted Paper Products Market: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2033
Converted Paper Products Market
The Business Research Company offers in-depth market insights through Converted Paper Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The converted paper products market size has grown strongly in recent years. It will grow from $615.38 billion in 2023 to $661.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to economic growth and industrialization, population growth and urbanization, environmental awareness, consumer preferences for convenience, government regulations and standards.
The converted paper products market size is expected to see strong growth in the next few years. It will grow to $872.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growing e-commerce expansion, sustainable packaging practices, biodegradable and compostable materials, regulatory compliance, eco-friendly printing inks, shift towards digital media. Major trends in the forecast period include innovations in packaging design, customization and personalization, r&d investments in paper technology, innovations in specialty papers, paper-based alternatives to single-use plastics.
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Market Segmentation:
The converted paper products market covered in this report is segmented -
1) By Type: Paperboard Container, Sanitary Paper Product, Stationery Products, Paper Bag And Coated And Treated Paper, All Other Converted Paper Products
2) By Raw Material: Wood And Agro Residue, Waste And Recycled Paper
3) By End-Use: Packaging & Wrapping, Food Service, Printing, Other End Users
Subsegments Covered: Corrugated And Solid Fiber Box, Folding Paperboard Box, Other Paperboard Container, Toilet Roll, Kitchen Towel, Hand Towel, Facial Tissues, Napkins, Other Sanitary Paper Product
Major Driver - Online Shopping Fuels Growth In The Converted Paper Manufacturing Market
Increasing demand for online shopping is expected to help the converted paper products manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically, driving the growth of the converted paper products manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of paper products manufacturers by giving larger exposure to producers who were confined to one geography where their respective community was located.
Competitive Landscape:
Major companies operating in the converted paper products market report are The Procter & Gamble Company, WestRock Company, International Paper Company, Kimberly Clark Corporation, Essity AB, Georgia-Pacific LLC, Smurfit Kappa Group PLC, Stora Enso Oyj, Oji Holdings Corporation, UPM-Kymmene Corporation, DS Smith plc, Graphic Packaging Holding Company, Mondi Group, Nippon Paper Industries Co. Ltd., Packaging Corporation of America, Sonoco Products Company, Unicharm Corporation, Domtar Corporation, Cascades Inc., Reynolds Group Holdings Limited, Ahlstrom-Munksjö Oyj, Metsä Group, Burgo Group S.p.A., SCA Group, Clearwater Paper Corporation, Svenska Cellulosa AB, Cenveo Corporation, Kruger Inc., Wausau Paper Corp., Canfor Pulp Products Inc., Daio Paper Corporation, Delta Paper Mills Limited, Evergreen Packaging LLC, Finch Paper LLC, Glatfelter Corporation, Hokuetsu Corporation, Huhtamaki Oyj, KapStone Paper and Packaging Corporation, Long Chen Paper Co. Ltd.
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Top Trend - Automation Transforming The Paper Industry For Increased Efficiency And Cost Reduction
The paper industry has been shifting from labour-intensive manufacturing processes to automated production facilities. Automation has enabled converted paper product companies to enhance productivity and reduce production costs. These technologies are also saving energy cost. Control systems such as integrated drive systems (IDS) are improving plant efficiency by minimizing energy consumption and simplifying service and maintenance processes. For instance, Swedish company Stora Enso partnered with Siemens to automate its Skoghall facility.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Converted Paper Products Market Characteristics
3. Converted Paper Products Market Trends And Strategies
4. Converted Paper Products Market - Macro Economic Scenario
5. Converted Paper Products Market Size And Growth
…..
27. Converted Paper Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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