Converting Paper Market to Record 1.9% CAGR, Led by Asia Pacific During the Forecast Period 2019-2027
Converting Paper Market
Converting Paper Market was valued at US$ 375.9 Bn in 2018 and is projected to expand at a poor CAGR of 1.9%, during the forecast period 2019-2027
ALBANY , NY, US, January 3, 2022 /EINPresswire.com/ -- Transparency Market Research provides key insights on the converting paper market in its recently published report, named “Converting Paper Market Global Industry Analysis, Size, Share, Growth, Trends, Historic Analysis 2014 – 2018 and Forecast 2019 – 2027.” In terms of market value, the global converting paper market is projected to grow at a CAGR of 1.9% during the forecast period, owing to various factors, about which TMR delivers thorough insights and forecast in the global converting paper market report.
The United States and Canada are taken under consideration for the North America converting paper market analysis. The United States is estimated to dominate the converting paper market due to the evolving packaging industry and intolerance for plastic products in packaging. The rapidly growing digital media is expected to restrain the growth of graphic paper in the North American region.
Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21242
The Latin America converting paper market is projected to witness fast-paced growth due to an increase in demand for tissue paper and packaging paper. Owing to a rise in demand for consumer paper products, Brazil is expected to be a highly attractive converting paper market in terms of market share and growth rate during the forecast period.
The European converting paper market is segmented into Germany, Italy, France, United Kingdom, Spain, Benelux, Nordics, Russia, Poland, and Rest of Europe. Germany is estimated to dominate the European converting paper market in terms of production and consumption. Germany is one of the largest converting paper exporters across the globe followed by China and the United States. The hygiene paper segment is estimated to witness fast-paced growth in the European converting paper market during the forecast period. In the European market, the packaging industry is expected to share half of converting paper share by the end of 2027.
The Asia Pacific is projected to be an emerging market for converting paper during the forecast period. Rapidly evolving packaging industry of China, India, and ASEAN is the prominent driver for the converting paper markets in the region, although relatively gentle regulations for the usage of plastics in the region have restrained the growth of converting paper in the geography. The Asia Pacific market, especially China and India, is anticipated to be the largest consumer of paper for writing, printing, and packaging. It is expected to promise high returns on investments by key global players. The introduction of new enterprises in China and India are improving the market share of printing paper. The growing urbanization and economy drive the demand for paper for writing and printing with consumption in packaging.
Buy an Exclusive Research Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=21242<ype=S
The Middle East & Africa region is analysed by evaluating key countries including GCC countries, Northern Africa, South Africa, and Turkey. Countries in North Africa, specifically Egypt, are gradually emerging as the prominent consumers of converting paper in the MEA region due to the increasing domestic demand for paper products such as food containers, tissue papers, and other packaging products. At present, Turkey is the largest converting paper market in the MEA region with around one-fourth of the market share in 2019.
Rigorous trade regulations in the European countries restricting the import of Turkish products have severely impacted the converting paper market in the country, leading to a shrink in market size by the end of 2027. The packaging industry of GCC countries and North Africa countries is rising at a significant pace, increasing the demand for converting paper for packaging applications in the MEA region. The hygiene paper segment is projected to witness considerable growth in the region owing to the gradual adoption of tissue paper among Africans.
Key players in the global converting paper market are analysed during the development of the report to estimate the market revenue and identify market trends and scenarios. The companies profiled in the converting paper report include Canfor Corporation, International Paper Company, Stora Enso Oyj, Georgia-Pacific LLC, Clearwater Paper Corporation, BillerudKorsnäs AB, Burgo Group SPA, Twin Rivers Paper Company Inc., American Eagle Paper Mills, Delta Paper Corp., UPM-Kymmene Oyj, P.H. Glatfelter Co., Domtar Corporation, Mitsubishi Paper Mills Limited, Verso Corporation, Alberta Newsprint Company Ltd., Finch Paper LLC., Catalyst Paper Corporation, Asia Pacific Resources International Holdings Ltd., and Rolland Enterprises Inc.
Ask for Special Discount on Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=21242
Changing Industry Dynamics in Converting Paper Market Stimulates Adoption of Cutting-Edge Converter Machines
Converter paper, or the converting process for fiber, has attracted scant attention outside the parlance of the packaging sector, despite the ubiquity of the process in all paper products. A variety of commercial and industrial end users in the converter paper has benefitted from the use of converting process to meet their needs. Some of the common applications in the converting paper market are tissue packaging, nonwoven converting, bag converting, digital printing, writing paper, and hygiene paper. In particular, for the past several years, a rapidly expanding array of use of converting paper in industrial and commercial packaging solutions in the pre-Covid era has lent high lucrativeness to the market. A number of printing techniques have come to the fore that that compatible with the customized demand of end-use industries of the packaging sector. Proliferating demand for corrugated board and flexible paper has spurred consumer demands in the converting paper market. A large proportion of converted paper in the packaging sector is used to offer environmentally friendly solutions to end-use industries such as food services industries. The cost-effectiveness and wide option of economic branding options possible with converted paper in contrast with metal and plastic packaging has spurred the prospects in the converting paper market.
In recent years, the Industry 4.0 has spurred the popularity of automated converting machines, opening new avenues in the converting paper market. Further, there has been a demand for converting paper even in the Covid-19 era to meet the bulk of demand from the e-commerce industry. However, the pandemic-led lockdowns has led to slump in manufacturing especially in the Q2 of 2020. Raw material supply chain also suffered, along with the retail product sales. Thus, stakeholders in the converting paper market, especially in developing economies, lent toward adopting business models that could fit well within their budgets. In the coming months, with the recent emergence of Covid-19 vaccines in healthcare systems, policy makers have been able to paint an optimistic picture of economic growth. Such developments will also expand the horizon of the value chain in the converting paper market.
Explore Latest Reports by TMR:
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Rohit Bhisey
TMR
+1 415-520-1050
email us here
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
