Converting Paper Market Anticipated to Achieve Lucrative Growth by 2027

Posted by Fred Williams on April 12th, 2021

According to Transparency Market Research’s recent report titled “Converting Paper Market Global Industry Analysis, Size, Share, Growth, Trends, Historic Analysis 2014–2018 and Forecast 2019–2027,” the growth of the paper packaging industry is attributed to boost the demand for converting paper during the forecast period. The global market for converting paper was valued at US$ 375.9 Bn in 2018 and is projected to expand at a poor CAGR of 1.9%, during the forecast period (2019-2027).

The global converting paper market is segmented on the basis of application, end-use, pulp type, and paper type. In terms of application, the converting paper market is segmented into printing paper, newsprint, writing paper, hygiene paper, packaging, and others. In the packaging segment, converting paper is used for manufacturing carton board, corrugated board, and flexible paper.

More than half of the converting paper is used in the packaging applications owing to low cost and eco-friendly packaging formats. In the global converting paper market, newsprints, printing papers, and writing papers application segments are expected to reduce in market size during the forecast period. The carton board segment is projected to witness fast-paced growth throughout the forecast period.

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