Converted Paper Products Market Growth Trajectory Through 2024-2033

The Converted Paper Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Converted Paper Products Global Market Report 2024, The converted paper products market size has grown strongly in recent years. It will grow from $615.38 billion in 2023 to $661.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to economic growth and industrialization, population growth and urbanization, environmental awareness, consumer preferences for convenience, government regulations and standards.

The converted paper products market size is expected to see strong growth in the next few years. It will grow to $872.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growing e-commerce expansion, sustainable packaging practices, biodegradable and compostable materials, regulatory compliance, eco-friendly printing inks, shift towards digital media. Major trends in the forecast period include innovations in packaging design, customization and personalization, r&d investments in paper technology, innovations in specialty papers, paper-based alternatives to single-use plastics.

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. In countries such as India, for instance, e-commerce portals have boosted the sales of paper products manufacturers by giving larger exposure to producers who were confined to one geography where their respective community was located.

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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 & Wrapping, Food Service, Printing, Other End Users

Subsegments Covered: Corrugated And Solid Fiber Box, Folding Paperboard Box, Other Paperboard Container, Toilet Roll, Kitchen Towel, Hand Towel, Facial Tissues, Napkins, Other Sanitary Paper Product

The paper industry has been shifting from labour-intensive manufacturing processes to automated production facilities. Automation has enabled converted paper product companies to enhance productivity and reduce production costs. These technologies are also saving energy cost. Control systems such as integrated drive systems (IDS) are improving plant efficiency by minimizing energy consumption and simplifying service and maintenance processes. For instance, Swedish company Stora Enso partnered with Siemens to automate its Skoghall facility.

The converted paper products market report table of contents includes:

1. Executive Summary
2.Converted Paper Products Market Characteristics
3.Converted Paper Products Market Trends And Strategies
4.Converted Paper Products Market analysis
5.Converted Paper Products Market Size And Growth
6.Converted Paper Products Segmentation
7.Converted Paper Products Regional And Country Analysis
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27.Converted Paper Products Competitive Landscape And Company Profiles
28.Converted Paper Products Key Mergers And Acquisitions
29.Converted Paper Products Future Outlook and Potential Analysis

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