How Is The Converted Paper Products Market Segmented?
The converted paper products market covered in this report is segmented –
1) By Type: Paperboard Container, Sanitary Paper Product, Stationery Products, Paper Bag And Coated And Treated Paper, All Other Converted Paper Products
2) By Raw Material: Wood And Agro Residue, Waste And Recycled Paper
3) By End-Use: Packaging And Wrapping, Food Service, Printing, Other End Users
Subsegments:
1) By Paperboard Container: Folding Cartons, Rigid Boxes, Corrugated Boxes, Paperboard Cups And Trays, Paperboard Containers For Food Packaging
2) By Sanitary Paper Product: Toilet Paper, Paper Towels, facial tissues, Napkins, Wipes
3) By Stationery Products: Notebooks And Writing Pads, Envelopes, Paper Sheets And Pads, Paper Cards, Post-It Notes
4) By Paper Bag And Coated And Treated Paper: Kraft Paper Bags, Shopping Bags, Stand-Up Pouches, Grocery Bags, Retail Paper Bags, Coated Paper For Printing And Writing, Specialty Coated Paper, Food Packaging Paper, Water-Resistant Paper, Barrier Coated Paper
5) By All Other Converted Paper Products: Paper-Based Food Packaging, Paper Straws, Paper-Based Films And Laminates, Paper Labels, Paper Cups And Plates
What Is Driving The Converted Paper Products Market? Online Shopping Fuels Growth In The Converted Paper Manufacturing Market
Increasing demand for online shopping is expected to help the converted paper products manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically, driving the growth of the converted paper products manufacturing market. For instance, in August 2024, according to the U.S. Census Bureau, a US-based department of commerce, in the second quarter of 2024, U.S. retail E-Commerce sales totaled $282.3 billion, marking a 5.3 percent increase (± 0.7) from the first quarter of 2023. Therefore, the increasing demand for online shopping is driving the growth of the converted paper product market.
What Is Driving The Converted Paper Products Market? Food Delivery Services Fueling Demand For Converted Paper Market
The increasing popularity of food delivery services is expected to propel the growth of the converted paper product market going forward. Food delivery services refer to delivering food from a restaurant, store, or independent food-delivery company to a customer's location. Food delivery services rely on packaging to transport meals from restaurants to customers' doorsteps. Converted paper, such as corrugated boxes, paper bags, and cartons, serves as essential packaging materials for these deliveries as IT maintains the freshness and temperature of food, ensuring that IT reaches customers in good condition. For instance, in September 2023, according to Bloomberg Second Measure, a US-based provider of transaction data analytics that delivers valuable insights into company performance and consumer trends, the combined sales of major meal delivery services grew by 6% yearly. Therefore, the increasing popularity of food delivery services is driving the growth of the converted paper product market.
Who Are The Major Players In The Global Converted Paper Products Market?
Major companies operating in the converted paper products market include WestRock Company, International Paper Company, Kimberly Clark Corporation, Essity AB, Georgia-Pacific LLC, Smurfit Kappa Group PLC, Stora Enso Oyj, Oji Holdings Corporation, UPM-Kymmene Corporation, DS Smith plc, Graphic Packaging Holding Company, Mondi Group, Nippon Paper Industries Co. Ltd., Packaging Corporation of America, Sonoco Products Company, Domtar Corporation, Cascades Inc., Ahlstrom-Munksjö Oyj, Metsä Group, Burgo Group S.p.A., SCA Group, Clearwater Paper Corporation, Svenska Cellulosa AB, Cenveo Corporation, Kruger Inc., Wausau Paper Corp., Daio Paper Corporation, Delta Paper Mills Limited, Evergreen Packaging LLC, Finch Paper LLC, Glatfelter Corporation, Hokuetsu Corporation, Huhtamaki Oyj, KapStone Paper and Packaging Corporation, Long Chen Paper Co. Ltd.
What Are The Key Trends Of The Global Converted Paper Products Market? Major Companies Transition To Sustainable Packaging Solutions With Paper Outer Bags
Major companies operating in the converted paper products market are focusing on developing sustainable packaging solutions, such as paper outer bags, to reduce their reliance on virgin plastics and enhance recyclability. Paper outer bags refer to packaging made from paper that encases products, replacing traditional plastic packaging. For instance, in October 2023, Walkers, a UK-based snack food company that manufactures potato crisps and other snack foods, launched new paper outer bags for its Baked crisps range. This initiative aims to reduce the use of virgin plastic by 180 tonnes per year and provides a packaging option that can be widely recycled in home recycling bins. The move is part of Walkers' ongoing efforts to innovate and remove virgin plastic from their packaging to lower their carbon footprint.
What Are The Key Trends Of The Global Converted Paper Products Market? Promoting Sustainability In The Converted Paper Product Market
Major companies operating in the converted paper product market focus on developing sustainable products, such as recycled paperboard, to increase consumer demand for recycled content and gain competitive advantages. Recycled paperboard is a type of paperboard that is produced from recovered paper waste, converting plants, and consumer sources. For instance, in August 2023, Graphic Packaging International (GPI), a US-based provider of fiber-based consumer packaging solutions, launched PaceSetter Rainier, a coated recycled paperboard (CRB). The PaceSetter Rainier offers higher brightness and whiteness than traditional CRB and is designed to directly compete with SBS and folding box board (FBB). Initially available in 12pt to 18pt calipers, this new paperboard grade is suitable for various packaging applications, including healthcare, beauty, confectionery, dry goods, dairy, and more.
Regional Outlook For The Global Converted Paper Products Market
Asia-Pacific was the largest region in the converted paper products market in 2024. North America was the second largest region in the converted paper products market. The regions covered in the converted paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the converted paper products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the Converted Paper Products Market?
The market for converted paper products consists of sales of kraft bags, corrugated paperboard, and linerboard. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Converted Paper Products Industry?
The converted paper product market research report is one of a series of new reports from The Business Research Company that provides converted paper product market statistics, including converted paper product industry global market size, regional shares, competitors with a converted paper product market share, detailed converted paper product market segments, market trends and opportunities, and any further data you may need to thrive in the converted paper product industry. This converted paper product market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
