Converting paper companies specialize in combining raw material of paper to create new products such as writing paper, newsprint paper, packaging product, hygiene paper, and different other variants from paper. This transformation is carried out to provide extraordinarily outlined items differentiated on evaluating unique features. Commonly most paper is made from wood filaments called pulp. This pulp is bubbled, dyed, strained, flattened, and dried in a process that yields a continuous sheet of paper called a web. Then it is rolled into expensive, finished roll or reel of paper cut down to an estimate to be used. This process of cutting rolls down is called converting. Increase in use of paper for products and surge in demand for packaging material are the key factors to drive significant growth of the converting paper market during the forecast period.
COVID-19 Scenario Analysis:
- Owing to the COVID-19 outbreak, the demand for converting paper has witnessed a low in the market, closure stores in the lockdown period impacts inconsistent growth of the market at a global level. .
- The lockdown has impacted manpower and resource availability, which has affected scale of production in the converting paper industry.
- Due to restrictions on transport, the supply channel system of the market has been affected
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The converting paper market has been growing at a considerable rate as paper related products are not only required for commercial use but also for residential use, such as toilet paper and sanitary papers; therefore, creating a huge commercial and residential demand in the market. Innovative R&D has helped converting paper industries to bring new trends in the market. Hygiene requirement, awareness of environmental issues, innovative designs and styles, away from the home and traveling trend, continuous improvement in physical properties and chemical properties of paper, increased disposable income and surge in demand for wider industrial application use are the key drivers of the global converting paper market. However, high and varied prices of raw material, availability of resource in local, increase in competition from regional vendors, and limited choice for technology incorporation hampers the market growth.
The global converting paper market trends are as follows:
Surge in demand for various industrial use
Rise in demand for print media is the key tend to the growth of converting paper markets, such as paper is a common and essential product to produce notebooks, magazines, and print books. Penetration of e-commerce increased demand for converting paper is used in packaging applications, owing to low cost and eco-friendly packaging. Increase in use of sanitary papers and toilets papers for personal hygiene concerns are key trends drive the market growth during the forecast period.
Regional Insights
Asia-Pacific is anticipated to be the fastest-growing regional market for converting paper during the forecast period. Rapidly developing packaging industry of China and India is the major driver for the converting paper market in Asia-Pacific.
Key Benefits of the Report:
- This study presents the analytical depiction of theconverting paper market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the globalconverting paper marketshare.
- The current market is quantitatively analyzed to highlight the global Converting paper market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed globalconverting paper market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in Converting paper Market Research Report:
- Who are the leading market players active in the converting paper market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the converting paper market?
- What are the projections for the future that would help in taking further strategic steps?
Converting Paper Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By End-user industry |
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 By Region |
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 Key Market Players | Georgia-Pacific, KRPL, CROWN PAPER CONVERTING, UPM, Burgo Group spa, Inc & Converting and Nippon Paper Industries Co.Ltd., Long Horn Paper, Domtar Corporation, Catalyst Paper, International Paper, Cascades inc., Verso Corporation, Norkol, American Eagle Paper Mills |
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