Global Converting Paper Market to Reach USD 464.10 Billion by 2030 at a CAGR of 2.37%
Summary:
The global converting paper market is projected to grow significantly, reaching USD 464.10 billion by 2030 at a CAGR of 2.37%. The increasing demand for sustainable packaging solutions and the rise of eco-friendly alternatives are key factors fueling market growth. This press release provides a detailed analysis of the market size, scope, key players, and industry trends shaping the future of the converting paper market.
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Market Size:
The global converting paper market was valued at USD 464.10 billion in 2023 and is anticipated to grow at a CAGR of 2.37% during the forecast period from 2024 to 2030. The increasing demand for recyclable and biodegradable paper products, driven by stringent environmental regulations and growing consumer awareness, is expected to propel market expansion.
Scope and Research Methodology:
To analyze the global converting paper market size, extensive primary and secondary research was conducted. The secondary research aimed to enhance existing data, segment the market, estimate its overall size, and project growth rates. This involved reviewing annual and financial reports of major manufacturers. Primary research included in-depth interviews with key industry figures, including front-line staff, CEOs, and marketing executives, to gather insights and validate findings.
Report Coverage:
The study provides a comprehensive analysis of the dynamic structure of the global converting paper market. It includes a detailed competitive analysis of major companies, covering factors such as pricing, financial health, application expansion goals, and geographical presence. Additionally, a PESTLE analysis is incorporated to help stakeholders understand external and internal factors affecting the market.
Market Overview:
The increasing shift toward sustainable and eco-friendly packaging is a major growth driver in the converting paper market. With the rising e-commerce sector and regulatory emphasis on environmentally friendly solutions, paper-based alternatives are gaining traction. The market is seeing significant innovation in paper coating, enhanced durability, and customized printing for packaging applications.
Market Dynamics:
Growth Drivers:
Rising demand for sustainable and recyclable packaging materials
Increasing government regulations restricting single-use plastics
Growing consumer preference for eco-friendly alternatives
Challenges:
Fluctuations in raw material costs
High production costs compared to plastic packaging
Segmentation:
The global converting paper market is segmented based on product type, pulp type, and end-user applications.
By Product Type:
Coated Paper
Uncoated Paper
By Pulp Type:
Mechanical Wood Pulp
Non-Wood Pulp
Chemical Wood Pulp
Semi-Chemical Pulp
Recycled Pulp
By End-User:
Packaging & Wrapping
Food Service
Printing
Consumer Goods
Key Players in the Market:
Georgia-Pacific LLC
International Paper Company
UPM-Kymmene Oyj
Domtar Corporation
Verso Corporation
Burgo Group SPA
American Eagle Paper Mills
Catalyst Paper Corporation
Rolland Enterprises Inc.
Finch Paper LLC
BillerudKorsnäs AB
Alberta Newsprint Company Ltd.
Stora Enso Oyj
Canfor Corporation
Clearwater Paper Corporation
Mitsubishi Paper Mills Limited
Reasons to Buy This Report:
Gain an in-depth understanding of the converting paper market trends
Identify growth opportunities in different regions
Get insights on competitive strategies and financial positioning of key players
Evaluate the impact of sustainability on industry growth
Table of Contents:
Introduction
Market Overview
Research Methodology
Market Dynamics
Segmentation Analysis
Competitive Landscape
Regional Analysis
COVID-19 Impact on the Market
Conclusion
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