Converted Paper Products Market 2025: The Critical Role of Online Shopping Fuels Growth In The Converted Paper Manufacturing Market Driver in Industry Evolution
The converted paper products market size is expected to see strong growth in the next few years. It will grow to $889 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. 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.
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What are the top drivers to the rising demand in the converted paper products 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.
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
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Who are the top competitors in the 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 significant trends should we anticipate in the converted paper products market over the forecast period?
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.
Which regional trends are influencing the converted paper products market, and which area dominates the industry?
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 Does The Converted Paper Products Market Report 2025 Offer?
The converted paper products market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Converted paper product refers to a product that is used to make paper bags, coated and processed paper goods, and paperboard mostly from flexible film and other acquired paper materials for commercial and general purposes.
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