Converting Paper MarketChallenges and Opportunities

Converting Paper Market, By Application (Newsprint, Hygiene Paper, Printing Paper, Writing Paper, and Others), By Pulp Type (Mechanical Wood Pulp, Semi-chemical Pulp, Chemical Wood Pulp, Non-wood Pulp, and Recycled Pulp), By Paper Type (Coated and Uncoated), By End use Industry (Food Service, Packaging & Wrapping, Printing, Consumer Goods, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

Published In : Apr 2023

Code : CMI2669

Pages :150

Formats :

Excel and PDF

Industry : Packaging

Market Challenges And Opportunities

Surging usage of converting paper in the packaging industry

In the packaging industry, converting paper is widely used to produce corrugated boards, carton boards, and flexible paper. Converting paper is in high demand due to the packaging industry's growth and expansion. For example, the Wisconsin Economic Development Corporation (WEDC) stated in 2017 that the Indian packaging industry provided significant business opportunities and accounted for approximately 4% of the global packaging industry. As a result, the increasing use of converting paper in the packaging industry is expected to drive the market's growth rate.

Increasing demand for online shopping

The growing popularity of online shopping is expected to boost the growth of the global converting paper products manufacturing market. Manufacturers can now sell their products on a larger platform than before, expanding their geographical customer base and fuelling the growth of the global converting paper products manufacturing market. For instance, E-commerce portals have increased the sales of paper product manufacturers in countries such as India by providing greater exposure to producers who were previously confined to a single geography where their respective community was located.

Global Converting Paper Market - Restraints

Digitalization and increasing usage of mobiles

Digitalization and increasing usage of mobiles with high internet speed is adversely affecting newsprint and writing & printing paper markets. Growing adoption of digitalization and high usage of mobile phones for social media networking is expected to reduce the demand for newsprint and printing & writing paper. Paperless communication and digital media are expected to have a negative impact on the converting paper market for types of paper and newsprint products.