Converting paper market to reach USD 459.17-billion by 2026
According to Trends Market Research, the global converting paper market is accounted for USD 355.01-billion in 2017 and is expected to reach USD 459.17-billion by 2026 growing at a CAGR of 2.9% from 2017 to 2026. Growing eCommerce packaging sector, rising adoption for industrial packaging are the major factors boosting the demand for converting paper market. However, increasing digital media may hamper the market growth.
05 May 2021 | By PrintWeek Team
Converting paper is an essential part of the process of taking raw paper, made at paper mills around the world, and creating a finished product such as a book or magazine. The converting paper material is used for manufacturing of intermediate bulk containers, liners, sacks, and absorbents.
By paper type, the coated paper segment registered considerable growth during the forecast period. Coating provides enhanced physical properties such as dirt, tear, and wear resistance upon paper substrates, along with extended life span. By geography, Asia Pacific is expected to grow significantly during the forecast period due to the upsurge in demand from various end-use industries such as automotive, textile, and packaging in developing countries, such as India, Malaysia, Vietnam, and Singapore.
Some of the key players profiled in the converting paper market include Clearwater Paper Corporation, American Eagle Paper Mills, Alberta Newsprint Company, Domtar, Finch Paper, International Paper, Verso Corporation, Glatfelter, Delta Paper Corp., Asia Pacific Resources International Holdings, Asia Pulp & Paper, Georgia-Pacific Corp, Canfor Corp, Catalyst Paper, Mitsubishi Paper Mills, Burgo Group Spa, Twin Rivers Paper Company, Stora Enso and Upm-Kymmene Oyj.
For more information, visit Trends Market Research.
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