Converting Paper Market Booming Global Industry Size, Revenues and Demand by 2030

Posted by Pearl Smith on April 17th, 2023

The "converting paper market" typically refers to the market for paper products that are used in converting processes, where paper is transformed or converted into various forms for different applications. This market includes a wide range of paper products that are used in industries such as packaging, printing, labeling, and specialty applications.

The "converting paper market" typically refers to the market for paper products that are used in converting processes, where paper is transformed or converted into various forms for different applications. This market includes a wide range of paper products that are used in industries such as packaging, printing, labeling, and specialty applications.

Some examples of paper products in the converting paper market include:

1. Packaging paper: This includes paper used for packaging applications, such as corrugated boxes, cartons, bags, and wrapping paper. Packaging paper is often converted into different shapes, sizes, and forms to meet specific packaging requirements.

2. Printing paper: This includes paper used for printing applications, such as magazines, catalogs, brochures, and flyers. Printing paper may go through various converting processes, such as cutting, folding, and binding, to produce printed materials.

3. Label paper: This includes paper used for labeling applications, such as product labels, barcodes, and stickers. Label paper may be converted into different shapes and sizes, and may have specific coatings or adhesives for label printing and application.

4. Specialty paper: This includes paper products used for specialized applications, such as thermal paper for receipts, carbonless paper for multi-part forms, and release liners for adhesive applications. Specialty paper may require specific converting processes to meet the unique requirements of these applications.

The converting paper market is influenced by factors such as demand from end-user industries, technological advancements in converting processes, environmental regulations, and consumer preferences for sustainable packaging materials. The market may also be impacted by global trends, such as e-commerce growth, digitalization, and changing consumer behaviors.

Key companies covered as a part of this study include International Paper Company, Georgia-Pacific LLC, Finch Paper LLC, Burgo Group SPA, Alberta Newsprint Company Ltd., Rolland Enterprises Inc., P.H. Glatfelter Co., American Eagle Paper Mills, Asia Pacific Resources International Holdings Ltd., Canfor Corporation, Domtar Corporation, Twin Rivers Paper Company Inc., UPM-Kymmene Oyj, BillerudKorsnäs AB, Catalyst Paper Corporation, Clearwater Paper Corporation, Stora Enso Oyj, Verso Corporation, Mitsubishi Paper Mills Limited, Delta Paper Corp., and others

The converting paper market is expected to experience moderate growth in the coming years, driven by several factors. Here are some key factors that may contribute to the growth of the converting paper market:

✦ Increasing demand for sustainable packaging: As consumers and regulatory bodies emphasize environmental sustainability, there is a growing demand for packaging materials that are eco-friendly and recyclable. Paper, being a renewable and biodegradable material, is considered a more sustainable option compared to plastics or other non-renewable materials. This is likely to drive the demand for converting paper used in packaging applications, such as corrugated boxes, cartons, and bags.

✦ Growing e-commerce and online shopping: The rise of e-commerce and online shopping has led to increased demand for packaging materials, including converting paper, to package and protect goods during transit. As online shopping continues to grow globally, it is expected to drive the demand for converting paper used in various e-commerce packaging applications, such as boxes, labels, and packing materials.

✦ Technological advancements in converting processes: Advancements in converting technologies, such as digital printing, laser cutting, and automated converting processes, are enhancing the efficiency and capabilities of converting paper. These technological advancements are enabling converters to produce higher-quality, customized, and cost-effective converted paper products, which may stimulate market growth.

✦ Changing consumer preferences and product innovation: Consumer preferences are shifting towards sustainable and innovative packaging solutions. Converting paper manufacturers are investing in research and development to create new and innovative paper products that offer improved performance, aesthetics, and sustainability. This includes developments in barrier coatings, functional coatings, and advanced printing technologies, which may drive the demand for converting paper in specialty applications.

✦ Focus on circular economy and recycling: The circular economy concept, which promotes the recycling and reuse of materials, is gaining traction globally. Paper is one of the most recycled materials, and converters are focusing on using recycled paper or incorporating recycled content in their products to support circular economy initiatives. This may drive the demand for converting paper made from recycled fibers or used in recycling processes.

✦ Emerging markets and urbanization: Increasing urbanization and economic growth in emerging markets, particularly in Asia-Pacific and Latin America, are expected to drive the demand for packaging materials, including converting paper. Rising disposable incomes, changing lifestyles, and urbanization are leading to higher consumption of packaged goods, which may positively impact the growth of the converting paper market in these regions.

The converting paper market finds application across various industries and sectors. Some of the key applications of converting paper include:

➢ Packaging: Packaging is one of the largest and most common applications of converting paper. Paper is converted into different forms, such as corrugated boxes, cartons, bags, and wrapping paper, which are used for packaging a wide range of products, including food and beverages, consumer goods, pharmaceuticals, and industrial goods. Converting paper used in packaging applications provides protection, preservation, and branding of products.

➢ Printing: Converting paper is used in the printing industry to produce a wide range of printed materials, such as magazines, catalogs, brochures, flyers, newspapers, and books. Printing paper is converted through processes like cutting, folding, and binding to create the desired printed products that are used for communication, marketing, and information dissemination.

➢ Labels: Converting paper is used in label applications, including product labels, barcodes, and stickers. Label paper may be converted into various shapes and sizes, and may have specific coatings or adhesives for label printing and application. Labeling is important for product identification, branding, and information display in industries such as food and beverages, pharmaceuticals, logistics, and retail.

➢ Specialty applications: Converting paper is used in specialty applications that require specific properties or functionalities. For example, thermal paper is used for printing receipts, carbonless paper is used for multi-part forms, release liners are used for adhesive applications, and abrasive paper is used for sandpaper. Specialty paper may require specialized converting processes to meet the unique requirements of these applications.

➢ Packaging Inserts and Components: Converting paper is also used to produce packaging inserts and components, such as inserts for consumer electronics, cosmetic products, and medical devices, as well as components for automotive and industrial packaging. These inserts and components are used to provide protection, organization, and aesthetics to the packaged products.

➢ Stationery and Office Supplies: Converting paper is used in the production of stationery and office supplies, such as envelopes, notebooks, notepads, and file folders. These paper products are used for writing, record-keeping, and organization in offices, schools, and homes.

➢ Food Service and Hospitality: Converting paper is used in the food service and hospitality industry for applications such as disposable cups, plates, napkins, and food packaging. These paper products are designed for convenience, hygiene, and sustainability in food service and hospitality establishments.

The converting paper market offers several advantages, which contribute to its widespread use across various industries and applications. Here are some key advantages of converting paper:

★ Sustainability: Paper is a renewable and biodegradable material, making it a more environmentally friendly option compared to many other materials used in packaging and printing. Converting paper from sustainably managed forests or recycled fibers can help reduce the environmental impact of packaging and printing applications, making it a preferred choice for businesses and consumers who prioritize sustainability.

★ Recyclability: Paper is one of the most widely recycled materials, with established recycling infrastructure in many regions. Converting paper can be easily recycled into new paper products, reducing the demand for virgin fibers and conserving natural resources. The recyclability of converting paper contributes to the circular economy concept, promoting the efficient use of resources and reducing waste.

★ Versatility: Converting paper offers a wide range of options in terms of grades, sizes, coatings, and finishes, making it versatile for various applications. It can be easily cut, folded, printed, coated, and glued to create customized solutions tailored to specific requirements. Converting paper can be used in a wide range of industries, including packaging, printing, labeling, stationery, food service, and hospitality, offering flexibility and adaptability to different needs.

★ Printability: Paper is an excellent substrate for printing, offering high-quality print results with sharp images, vibrant colors, and good ink absorption. Converting paper can be used in various printing techniques, such as offset printing, digital printing, flexography, and gravure printing, allowing for high-resolution graphics, detailed text, and intricate designs. The printability of converting paper makes it suitable for a wide range of printed materials, including magazines, brochures, labels, and packaging.

★ Branding and Marketing: Converting paper provides an excellent platform for branding and marketing efforts. Customized packaging, labels, and printed materials made from converting paper can be used to create a distinct brand identity, convey product information, and engage with customers. The tactile and visual appeal of paper can enhance the perceived value of products and help businesses create memorable and compelling brand experiences.

★ Cost-effective: Converting paper is generally cost-effective compared to many other materials used in packaging and printing. It is widely available, competitively priced, and offers good value for money in terms of its performance and versatility. Converting paper can help businesses optimize their packaging and printing costs while delivering quality results, making it an attractive choice for cost-conscious industries.

★ Health and Safety: Converting paper is generally safe and healthy to handle and use. It does not pose significant health risks to workers or end-users, as it does not contain harmful chemicals or emissions. Converting paper is also food-safe and suitable for use in packaging applications for food and beverages, meeting stringent regulatory requirements.

In conclusion, the converting paper market offers several advantages, including sustainability, recyclability, versatility, printability, branding opportunities, cost-effectiveness, and health and safety aspects. These advantages make converting paper a preferred choice for various applications, and the market is expected to continue growing as businesses and consumers increasingly prioritize sustainability, efficiency, and performance in their packaging and printing needs.