Global Converting Paper Market growing by Increasing Market Share and Forecast 2026

Global converting paper market By Application (Newsprint, Hygiene Paper, Printing Paper, Writing Paper, Packaging, Others), Pulp Type (Mechanical Wood Pulp, Semi-Chemical Pulp, Chemical Wood Pulp, Non-Wood Pulp, Recycled Pulp), Paper Type (Coated, Uncoated), End-Use Industry (Food Service, Packing & Wrapping, Printing, Consumer Goods, Others)

Market Analysis: Global Converting Paper Market

Global converting paper market is expected to register a steady CAGR of 2.3% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing demand for low costing sustainable products from the packaging industry.

Market Definition: Global Converting Paper Market

Converting paper are the paper-based products that are formulated after undergoing a conversion process which essentially means the production of products such as writing paper, newsprint paper, printing paper, hygiene paper and various other variants from paper. This conversion is carried out to provide specially designed products differentiated on the grading and their unique features.

Market Drivers:

• Increasing demand for efficient and lightweight packaging products are expected to positively affect the growth of the market
• Increasing adoption of e-commerce shopping coupled with increased industrial packaging products will drive the market growth
• Vast areas of application of the products such as packaging, printing paper, commercial applications in offices, hygienic products and various others is expected to drive the growth of the market

Market Restraints:

• Significant surge in adoption of digitalization practices is expected to hinder the growth of the market
• Growing environmental concerns regarding the usage of paper and deforestation activities are factors expected to restrict the growth of the market

Global Converting Paper Market Segmentation:

By Application

• Newsprint
• Hygiene Paper
• Printing Paper
• Writing Paper
• Packaging
• Carton Board
• Corrugated Board
• Flexible Papers
• Others

By Pulp Type

• Mechanical Wood Pulp
• Semi-Chemical Pulp
• Chemical Wood Pulp
• Sulphate Pulp
• Sulphite Pulp
• Non-Wood Pulp
• Recycled Pulp

By Paper Type

• Coated
• Uncoated

By End-Use Industry

• Food Service
• Packing & Wrapping
• Printing
• Consumer Goods
• Others

Key Developments in the Market:

In July 2019, Cascades inc. announced that they had agreed to acquire Orchids Paper Products Company for approximately USD 207 million. This acquisition will include the various manufacturing facilities as well as the commercial agreement already existing with Fabrica de Papel San Francisco, S.A. de C.V. This acquisition will improve the existing production capabilities as well as improving the end-use products manufacturing capacity

In June 2018, Twin Rivers Paper Company announced that they had completed the acquisition of a paper mill facility located in Arkansas, United States. The mill produces converting, bag grade unbleached kraft papers as well as multiwall paper variants designed for food, agricultural and industrial users. This facility will be a valuable addition to the company providing the required resources for enhanced effectiveness and efficiency of operations

Competitive Analysis:

Global converting paper market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of converting paper market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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