Converting Paper Market Expected to Reach US$ 453.37 Billion by 2029, Driven by Growth in Packaging and Hygiene Sectors
Market Overview:
The global converting paper market size was valued at US$ 384.80 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.37% to reach US$ 453.37 billion by 2029. This growth is attributed to the increasing demand for converting paper in various sectors, including packaging, hygiene, and food service.
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Report Scope:
This report provides a comprehensive analysis of the converting paper market, including its historical performance, market size and forecast, drivers, restraints, opportunities, and key players. It also segments the market by product type, pulp type, and end-user.
Research Methodology:
The report utilizes a combination of primary and secondary research methodologies. Primary research involves interviews with industry experts, while secondary research involves analyzing data from industry publications, government reports, and company annual reports.
Segmentation:
- Product Type: Coated and Uncoated
- Pulp Type: Mechanical Wood Pulp, Non-Wood Pulp, Chemical Wood Pulp, Semi-chemical Pulp, Recycled Pulp
- End-User: Packaging & Wrapping, Food Service, Printing, Consumer Goods
Regional Insights:
- Asia Pacific is expected to remain the dominant region in the converting paper market throughout the forecast period, driven by the growing population and rising literacy rates.
- Europe is expected to witness significant growth due to the increasing demand for sustainable packaging solutions.
- North America is expected to see steady growth due to the presence of established converting paper manufacturers and a large consumer base.
Key Takeaways:
- The converting paper market is driven by the growing demand for sustainable and cost-effective packaging solutions.
- The hygiene sector is expected to be a major driver of growth in the converting paper market, due to the increasing demand for personal hygiene products.
- The growing adoption of e-commerce is expected to further boost the demand for converting paper for packaging applications.
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