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Converting paper companies specialize in combining raw material of paper to create new products such as writing paper, newsprint paper, packaging product, hygiene paper, and different other variants from paper. This transformation is carried out to provide extraordinarily outlined items differentiated on evaluating unique features. Commonly most paper is made from wood filaments called pulp. This pulp is bubbled, dyed, strained, flattened, and dried in a process that yields a continuous sheet of paper called a web. Then it is rolled into expensive, finished roll or reel of paper cut down to an estimate to be used. This process of cutting rolls down is called converting. Increase in use of paper for products and surge in demand for packaging material are the key factors to drive significant growth of the converting paper market during the forecast period.
COVID-19 Scenario Analysis:Â
The converting paper market has been growing at a considerable rate as paper related products are not only required for commercial use but also for residential use, such as toilet paper and sanitary papers; therefore, creating a huge commercial and residential demand in the market. Innovative R&D has helped converting paper industries to bring new trends in the market. Hygiene requirement, awareness of environmental issues, innovative designs and styles, away from the home and traveling trend, continuous improvement in physical properties and chemical properties of paper, increased disposable income and surge in demand for wider industrial application use are the key drivers of the global converting paper market. However, high and varied prices of raw material, availability of resource in local, increase in competition from regional vendors, and limited choice for technology incorporation hampers the market growth.Â
The global converting paper market trends are as follows:
Rise in demand for print media is the key tend to the growth of converting paper markets, such as paper is a common and essential product to produce notebooks, magazines, and print books. Penetration of e-commerce increased demand for converting paper is used in packaging applications, owing to low cost and eco-friendly packaging. Â Increase in use of sanitary papers and toilets papers for personal hygiene concerns are key trends drive the market growth during the forecast period.Â
Asia-Pacific is anticipated to be the fastest-growing regional market for converting paper during the forecast period. Rapidly developing packaging industry of China and India is the major driver for the converting paper market in Asia-Pacific.
Key Benefits of the Report:
Questions Answered in Converting paper Market Research Report:
Converting Paper Market Report Highlights
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Key Market Players | Burgo Group spa, Catalyst Paper, Norkol, Domtar Corporation, UPM, Inc & Converting and Nippon Paper Industries Co.Ltd., Verso Corporation, KRPL, American Eagle Paper Mills, Cascades inc., Long Horn Paper, Georgia-Pacific, CROWN PAPER CONVERTING, International Paper |
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