Bizizz Market Research has recently published a research report, “Converting Paper Market By Paper Type (Coated and Uncoated), Pulp type (Mechanical Wood Pulp, Semi-Chemical Pulp, Chemical Wood Pulp, Non-Wood Pulp and Recycled Pulp), Application (Newsprint, Hygiene Paper, Printing Paper, Writing Paper and Packaging, among Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Converting Paper Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 445.2 Bn by 2027, witnessing a CAGR of 1.9 % during the forecast period. Key drivers of the market are its lower cost and bio-degradable in nature is propelling its market demand during the forecast period.
Globally Increased demand of environmental friendly and reusable paper among the packaging industry is a key factor anticipated to contribute for the growth of global market. Its demand could be contributed to its low-cost packaging solutions along with the eco-friendly nature of paper material. Moreover, converting paper is applied in manufacturing personal hygiene goods including sanitary napkins, tissues, baby diapers, etc., which are contributing factor anticipated to boost its market growth.
The Converting Paper market is anticipated to register a CAGR of over 1.9% during the forecast period.
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By Product, writing paper segment held a key share in Global Converting Paper Market in 2018.
The global market of converting paper is led by the high demand for writing paper and is projected to account for a rapid growth rate, supporting to the raising consumption rate of writing paper of newspapers, digital printing, commercial printing, etc. The utilization of converting paper for the purposes including tasks of writing and printing is rising across the globe. For example, packaging and sanitary markets are being emerging end-users for converting paper. The application of writing paper in industrial packaging is gradually rising by the support of sustainability and low cost in contrast to others.
Asia pacific reigon is Anticipated to Dominate the Global Converting Paper Market during the Forecast Period
The Asia pacific region is anticipated for a significant market share of xx% in 2018 and is anticipated to be leading during the forecast period.The market of converting paper, Asia Pacific is holding leading market growth during the forecast period, supported by a rising preference form industrial packaging. Its usage of paper conversions into a host of offerings including as wallpapers, sanitary papers, bag boxes, and others is anticipated to propel its global converting paper market in Asia Pacific region during the forecast period.Thus it is supporting in rising demand of personal hygiene offerings and utilization for converting paper in manufacturing personal hygiene paper offerings constituting of tissue papers, baby diapers, etc.
Global Converting Paper market was moderately consolidated with key players accounting for significant share in 2018. The manufacturers and end user industries are trying to gain their competency with cost effectiveness and environmental friendliness that being embraced by the businesses globally.
Prominent players operating in the Global Converting Paper Market are: Rolland Enterprises Inc., Verso Corporation, BillerudKorsnäs AB, Burgo Group SPA, Stora Enso Oyj, Catalyst Paper Corporation, Georgia-Pacific LLC, Canfor Corporation, Mitsubishi Paper Mills Limited, International Paper Company, Clearwater Paper Corporation, P.H. Glatfelter Co., UPM-Kymmene Oyj, Domtar Corporation, Twin Rivers Paper Company Inc., Alberta Newsprint Company Ltd., American Eagle Paper Mills, Delta Paper Corp., Asia Pacific Resources International Holdings Ltd., and Finch Paper LLC., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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