In the packaging sector, corrugated boards, carton boards, and flexible paper are frequently made with converting paper. Due to the rise and growth of the packaging business, conversion paper is in great demand. For instance, the Wisconsin Economic Development Corporation (WEDC) said in 2017 that 4% of the world's packaging market was made up of the Indian packaging industry, which offered considerable commercial potential. As a result, the packaging industry's expanding use of converting paper is anticipated to propel the market's growth rate. The global market for the production of converting paper goods is anticipated to develop as a result of the rising popularity of online shopping. Manufacturers can now offer their goods on a bigger market than previously, expanding their regional consumer base and boosting the development of the world market for manufacturing converting paper products. E-commerce portals, for instance, have expanded the sales of paper product makers in nations like India by giving producers who were previously restricted to a local area where their respective community was located wider exposure.
As per Coherent Market Insights, In terms of revenue, the global Converting Paper Market was estimated to be worth US$ 417.4 million in 2022. From 2023 to 2030, it is anticipated to grow at a CAGR of 3.65%, reaching US$ 556.2 million.
Prominent Players in the Converting Paper Industry:
1. International Paper Company,
The company was founded in 1898 and is based in Memphis, Tennessee, United States. The International Paper Company manufactures and sells paper goods. The business sells pulp, fiber-based packaging materials, uncoated writing and printing papers. International Paper announced in December 2021 that it would construct a cutting-edge corrugated packaging facility in Atglen, Pennsylvania.
2. Georgia-Pacific LLC
The company was founded in 1927 and is located in Atlanta, Georgia, United States. The business is a major producer and supplier of packaging, building supplies, related chemicals, toilet and paper towel dispensers, tissue, pulp, and paper goods worldwide. One of the top producers of tissue, pulp, packaging, and building products worldwide is Georgia-Pacific.
3. Finch Paper LLC
The company was started in 1865 and is located in Glens Falls, New York. A diversified paper manufacturing company is run by Finch Paper LLC. The business engages in forestry, pulp production, and paper manufacturing activities to manufacture premium blend, fine, opaque, digital, and basic paper from beginning to end.
4. Burgo Group SPA
The firm was started in 1905 and is located in Verzuolo, Italy. The Burgo Group manufactures high-quality papers for corrugated cardboard, specialty papers, and communication. The Burgo Group has a business strategy that strikes a balance between its commitment to social responsibility and commercial goals. Burgo added two new products featuring HP ColorPRO Technology to their line of EVO high-speed inkjet printers in August 2021.
5. Alberta Newsprint Company Ltd
The firm was started in 1989 and is located in Alberta, Canada. Among the top producers of superior newsprint is Alberta Newsprint Company.An organization called Alberta Newsprint Company manufactures newsprint and sells it to other companies that print newspapers.
6. Rolland Enterprises Inc.,
The firm was founded in 1882 and is located in Quebec, Canada. Paper is produced and sold by Rolland Enterprises Inc. The business provides paper for annual reports, brochures, flyers, stationery, office needs, and other uses. The industry leader in the creation of speciality fine papers utilizing recycled fibers is Rolland Enterprises.
7. P.H. Glatfelter Co.
The company was started in 1864 and is based in North Carolina, United States. Products from the company can be found in single-serve tea and coffee filtration, packaging, personal hygiene, home renovation, and industrial uses. Glatfelter purchased the Mount Holly and Memphis locations in June 2021. Glatfelter bought Jacob Holm in October 2021. Four additional manufacturing facilities and six sales offices were purchased by Glatfelter.
*Definition: A procedure known as "paper converting" involves the creation of another paper product using scrap paper. Treatment, slitting, sheeting, grooving, punching, and folding are a few of the operations that can be done with paper. Perforating, blocking, binding, gluing, and laminating may also be necessary during some processes.
