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.
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.
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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.
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.
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