The global converting paper market is predicted at USD 390 million in 2024, and revenue is set to gradually grow at a CAGR of 2.5% from 2024 to 2029, reaching USD 440 million by 2029.
"Paper conversion" refers to the process of converting paper into another product. Hygiene paper, newsprint, writing paper, printing paper, and other uses all employ converting paper. The worldwide converting paper market is predicted to develop due to rising demand for converting paper across a wide range of applications.
Chemical wood pulp is a form of pulp generated by the Kraft pulping process, and it's the most frequent way to treat wood with chemical solutions. Colorless paper is produced using chemical wood pulp, and the products are extremely durable. Chemical pulps are used in the production of writing and printing papers, as well as paper bags, shipping containers, and other paper-based products.
The expansion of converting paper markets is driven by an increase in demand for print media, such as paper, which is a common and necessary product used to make notebooks, periodicals, and print books. E-commerce penetration Because of its low cost and environmental friendliness, converting paper is in high demand in packaging applications. Key factors driving market expansion throughout the projection period include an increase in the usage of sanitary papers and toilet papers for personal hygiene concerns.
A considerable percentage of forest wood is consumed by the paper industry. The forest acreage dropped by 3.3 million hectares between 2000 and 2015, according to the Food and Agricultural Organization. Furthermore, regional governments established severe limitations on the source of forest wood. Furthermore, pulp and paper is one of the most water-intensive sectors. In general, it takes roughly 20 litres of water to make an A4 size paper sheet. As a result of escalating deforestation and water shortages, guaranteeing continuous raw material and resource availability is becoming increasingly important for industry growth.
Resource efficiency and bioeconomy are two potentials for the paper and pulp sectors. Continuous technological advancements can help to lessen environmental consequences and optimize resource consumption. New techniques may provide creative solutions to generate new cellulose-based applications and products that provide value. To achieve the sector's goals for the 2050 Roadmap towards a low-carbon bio-economy, breakthrough technologies are required, such as those that minimize the use of heat in paper manufacture through reduced water usage. By 2050, these goals include an 80% reduction in carbon dioxide emissions and a 50% increase in value. The bioeconomy is providing chances for the sector to take advantage of. New business models will enable the sector to fully use the potential of wood and wood fiber to create goods and innovative materials for the food, textile, cosmetics, and pharmaceutical industries, as well as chemicals, bio-based fuels, and conventional wood-based products.
Despite the fact that protracted lockdowns caused supply chains and pulp and paper manufacturing to be disrupted throughout the world as a result of COVID-19, demand for hygiene and personal care products, particularly tissue paper, surged. Leading worldwide tissue manufacturers are concentrating their efforts on addressing the ever-increasing demand for tissue papers from hospitals and other healthcare institutions.
End-users namely bioenergy firms are enlarging their demand for household wood supplies. Increased sustainable wood mobilization and the development of new technologies for further optimizing the added value from raw materials through cascading use of wood (cascading contributes to greater resource efficiency and, as a result, reduces environmental pressure) would help match wood supply and demand. The use of graphic paper is decreasing as a result of digitalization. However, rise in packaging and hygiene papers balances this out. The production of bio-based goods is opening up a slew of new options for the industry. Although the business is expanding its share of international exports, tariff obstacles and protectionist subsidies for competing products create an uneven playing field. Export taxes and levies on wood are causing worry. Fibrous raw material, for example, accounts for the majority of manufacturing expenses, therefore its availability at reasonable pricing is critical for the business.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
2.5% |
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Segments Covered |
By Paper, Plup, Application, and Region. |
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Various Analyses Covered |
Global, Regional, & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Georgia-Pacific Corp (US), Weyerhaeuser Corp (US), Kimberly-Clark Corp (US), Stora Enso (Finland), UPM (Finland), SCA (Sweden), BillerudKorsnäs (Sweden), Oji Paper (Japan), Nippon Unipac Holding (Japan), Burgo Group (Italy), Canfor Corp (Canada) and Others. |
During the projection period, the coated paper segment experienced significant growth. On paper substrates, the coating gives improved physical features such as dirt, tear, and wear resistance, as well as a longer life term.
Chemical wood pulp is made using the Kraft pulping method, which is the most common method for boiling or digesting wood and treating it with various chemical solutions. Chemical wood pulp paper is colourless, and the resultant goods are extremely durable. Chemical pulps are commonly used in the manufacture of writing and printing sheets, paper bags, shipping containers, and a range of other strong paper goods.
The packaging sector had the biggest revenue share in the worldwide converting paper market. Converting paper is used to manufacture carton boards, corrugated boards, and flexible paper in the packaging industry. As the packaging industry grows, so does the demand for converting paper.
North America is predicted to continue to lead the global market over the forecast period. This is due to the rising demand for personal hygiene products and the use of converting paper in the production of personal hygiene paper products like baby diapers, tissue papers, and other such items.
During the projection period, Asia Pacific is expected to be a developing market for converting paper. The Asia Pacific region's converting paper markets are being driven by China and India's rapidly increasing packaging industries.
Major Key Players in the Global Converting Paper Market are
By Paper
By Pulp
By Application
By Region
Frequently Asked Questions
Key drivers include increasing demand for sustainable and recyclable packaging, growth in e-commerce, advancements in printing technology, and rising consumer awareness about eco-friendly products.
Challenges include fluctuating raw material prices, environmental regulations, competition from digital media reducing paper demand, and the need for continuous technological innovation.
Technology plays a crucial role in enhancing production efficiency, quality control, and product innovation. Advanced machinery and automation help reduce waste, lower costs, and improve the precision of converting processes.
Emerging trends include the adoption of digital printing, growth in demand for smart packaging solutions, increased use of biodegradable materials, and innovations in lightweight and high-strength paper products.
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