Converted Paper Products Market Expansion Continues, with Forecast Valuation of $889 Billion by 2029

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How Large Will the Converted Paper Products Market Size By 2025?
Significant growth has been seen in recent years in the market size for converted paper products. The market, which is projected to expand from $614.12 billion in 2024 to $665.76 billion in 2025, has a compound annual growth rate (CAGR) of 8.4%. The historical growth can be traced back to various factors such as economical expansion and industrialization, an increase in population and urbanization, heightened environmental awareness, a consumer preference for convenience, and governmental rules and standards.

How Big Is the Converted Paper Products Market Size Expected to Grow by 2029?
The market size for converted paper products is predicted to see a healthy increase in the coming years. By 2029, the market is projected to expand to $889 billion, with a compound annual growth rate (CAGR) of 7.5%. This anticipated growth during the forecast period can be credited to the expansion of e-commerce, the use of sustainable packaging, transition to biodegradable and compostable materials, adherence to regulations, the use of eco-friendly printing inks, and shift towards digital media. Some of the main trends expected during this forecast period include packaging design innovations, customization and personalization, research and development investments in paper technology, novel methods in specialty papers, and paper-based alternatives to replace single-use plastics.

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Which Key Market Drivers Powering Converted Paper Products Market Expansion and Growth?
The converted paper products manufacturing market is poised to expand, courtesy of the rising demand for online shopping. The opportunity to vend their products on a more extensive platform than ever before will allow manufacturers to enhance their customer demographic, thereby propelling the growth of this market. For example, the U.S. Census Bureau, a department of commerce based in the United States, reported that the total U.S. retail e-commerce sales in the second quarter of 2024 amounted to $282.3 billion. This figure represents a 5.3 percent rise (± 0.7) from the first quarter of 2023. As such, the growth in the converted paper product market can be attributed to the escalating demand for online shopping.

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Which Fast-Growing Trends Are Poised to Disrupt the Converted Paper Products Market?
Leading firms in the converted paper products market are concentrating their efforts in creating eco-friendly packaging solutions like paper outer bags. This is a strategy to decrease dependence on virgin plastics and to improve their recyclability. Paper outer bags are packaging solutions made from paper that take the place of conventional plastic packaging. For example, Walkers, a snack food company based in the UK known for its potato crisps and other snack foods, unveiled its new paper outer bags for its Baked crisps range in October 2023. The purpose of this undertaking is to cut down the consumption of virgin plastic by 180 tonnes each year and to offer a packaging option that can be easily recycled in domestic recycling bins. Walkers' decision is an integral part of their continuous endeavours to introduce innovations and eliminate virgin plastic from their packaging, thus reducing their carbon footprint.

What Are the Emerging Segments in the Converted Paper Products Market?
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 And Wrapping, Food Service, Printing, Other End Users

Subsegments:
1) By Paperboard Container: Folding Cartons, Rigid Boxes, Corrugated Boxes, Paperboard Cups And Trays, Paperboard Containers For Food Packaging
2) By Sanitary Paper Product: Toilet Paper, Paper Towels, Facial Tissues, Napkins, Wipes
3) By Stationery Products: Notebooks And Writing Pads, Envelopes, Paper Sheets And Pads, Paper Cards, Post-It Notes
4) By Paper Bag And Coated And Treated Paper: Kraft Paper Bags, Shopping Bags, Stand-Up Pouches, Grocery Bags, Retail Paper Bags, Coated Paper For Printing And Writing, Specialty Coated Paper, Food Packaging Paper, Water-Resistant Paper, Barrier Coated Paper
5) By All Other Converted Paper Products: Paper-Based Food Packaging, Paper Straws, Paper-Based Films And Laminates, Paper Labels, Paper Cups And Plates

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Who Are the Global Leaders in the Converted Paper Products Market?
Major companies operating in the converted paper products market include 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, Domtar Corporation, Cascades Inc., 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., 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.

Which are the Top Profitable Regional Markets for the Converted Paper Products Industry?
Asia-Pacific was the largest region in the converted paper products market in 2024. North America was the second largest region in the converted paper products market. The regions covered in the converted paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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