Converted Paper Products Market by Product, Technology, End-Use

Description

List of Tables

[194 Pages Report] The Converted Paper Products Market size was estimated at USD 261.26 billion in 2023 and expected to reach USD 273.40 billion in 2024, at a CAGR 4.76% to reach USD 361.94 billion by 2030.

Converted paper products refer to materials that have been manufactured through various processes, from raw paper and paperboard, to create finished goods beyond their original form. This conversion process involves altering the paper's properties and shape to create products for different uses. Growth in the retail sector, especially e-commerce, directly increases the demand for sophisticated packaging solutions. In addition, shifts towards sustainable and eco-friendly packaging solutions drive innovation in the industry. However, the production and disposal of paper products contribute to deforestation and waste issues, which can result in regulatory challenges. The competition from alternative materials, such as plastics, which often offer lower-cost solutions, can hinder market growth for paper products. Furthermore, expansion into digital printing technology allows for customization and on-demand production capabilities, appealing to modern consumer preferences. Development of biodegradable and compostable products in line with global sustainability trends to meet regulatory mandates and consumer expectations.

KEY MARKET STATISTICS
Base Year [2023]	USD 261.26 billion
Estimated Year [2024]	USD 273.40 billion
Forecast Year [2030]	USD 361.94 billion
CAGR (%)	4.76%

Product: Growing popularity of paperboard containers & boxes owing to innovation in design and function

Paper bags have grown in popularity due to their eco-friendly credentials compared to plastic bags. Customers often prefer paper bags because they are recyclable, biodegradable, and usually made from renewable resources. The demand for paper bags is rising with consumer awareness regarding environmental sustainability and supportive regulations prohibiting or taxing plastic bag usage. Paperboard containers and boxes are widely used due to their versatility, strength-to-weight ratio, and sustainability features. They are customizable and can be printed with high-quality graphics, making them appealing for branding. These containers are used for packaging everything from food items and cosmetics to electronics and other consumer goods. The preference for paperboard containers and boxes is often driven by product type, required protection level, and the need for branding aesthetics. The sanitary products encompass a range of items, including toilet paper, facial tissues, paper towels, and feminine hygiene products. However, consumer preference within this segment tends to lean towards products that offer hypoallergenic properties, softness, strength, and absorbency. Regarding market growth potential, all three product segments are expanding, albeit for different reasons. Paper bags are becoming more prevalent as many regions push for sustainable alternatives to single-use plastics. Paperboard containers and boxes are growing due to e-commerce trends and a demand for higher-quality packaging. Sanitary products maintain steady growth due to their essential nature.

Technology: Rising demand of blending for products where uniformity and strength are priorities

Blending in the converted paper products sector refers to mixing different paper fibers, additives, and fillers to achieve a homogeneous mix that meets specific end-use requirements. Blending aims to enhance strength, durability, and printability. Dyeing technology adds color to paper products, which can be done to the fibers before paper formation or to the paper's surface after processing. Heat-treating involves the application of heat to alter the properties of paper, such as increasing its strength or changing its thermal characteristics. Plating in the context of converted paper products often refers to the lamination or coating of paper with metals or other materials to enhance properties such as barrier resistance, toughness, and printability. Each technology within the converted paper products industry serves distinct requirements, contributing to the versatility of paper as a material. Blending ensures basic material characteristics, while dyeing enhances visual appeal. Heat-treating and plating offer functional advantages for specialized needs. With ongoing advancements and collaborations, the industry is poised to meet the growing demand for customized and sustainable paper products.

Significant use of advanced and sustainable packaging solutions in industrial application

The Household end-use segment for converted paper products includes paper plates, cups, towels, tissues, and other disposable paper products that cater to everyday domestic needs. Consumers prioritize convenience, affordability, and sustainability when selecting converted paper products for household applications. Industrial packaging comprises heavy-duty packaging materials such as corrugated boxes, bulk bins, and protective packaging used in various industries to ship and handle products. The primary requirements for this segment are durability, strength, customizability, and cost-effectiveness. In comparison, the household segment leans towards environmentally responsible products, and the industrial packaging industry emphasizes protection and efficiency; both segments exhibit a shared dedication to innovation and global sustainability initiatives.

Regional Insights

The American region showcases robust consumer needs due to a strong emphasis on sustainable packaging solutions and innovation. The United States remains at the forefront, with high demand for eco-friendly and customizable packaging driving the market. Investment trends demonstrate an inclination towards technological advancements to enhance recycling processes and reduce carbon footprint. The converted paper products market in the European Region is influenced by stringent environmental regulations and high consumer awareness regarding sustainability. With the Circular Economy Package and other EU directives, member states have increased their investments in recycling infrastructure and innovations in biodegradable and recyclable products. The rise in online retail has also driven demand for corrugated and cardboard packaging. The Asia-Pacific region is experiencing substantial growth in the converted paper products market. Rapid industrialization and expanding e-commerce have resulted in a surge in demand for paper packaging solutions. There is an increasing trend towards innovation in packaging design to enhance product protection and shelf life.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Converted Paper Products Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Converted Paper Products Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Converted Paper Products Market, highlighting leading vendors and their innovative profiles. These include Amcor plc, DS Smith PLC, Essity AB, Graphic Packaging International, Inc., International Paper Company, Kimberly Clark Corporation, Klabin S.A., Koch Industries, Inc., Lee & Man Paper Manufacturing Limited, Mondi PLC, Nine Dragons Paper (Holdings) Limited, Nippon Paper Industries Co., Ltd., Oji Holdings Corporation, Packaging Corporation of America, Procter & Gamble Company, Rengo Co., Ltd., Reynolds Group Ltd, Sappi Limited, Stora Enso Oyj, Svenska Cellulosa Aktiebolaget, Unicharm Corporation, UPM-Kymmene Corporation, and WestRock Company.

Market Segmentation & Coverage

This research report categorizes the Converted Paper Products Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Paper Bags
- Paperboard Containers & Boxes
- Sanitary Products

Technology
- Blending
- Dyeing
- Heat-Treating
- Plating

End-Use
- Household
- Industrial Packaging

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Converted Paper Products Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Converted Paper Products Market?

3. What are the technology trends and regulatory frameworks in the Converted Paper Products Market?

4. What is the market share of the leading vendors in the Converted Paper Products Market?

5. Which modes and strategic moves are suitable for entering the Converted Paper Products Market?

Product Code: MRR-69324464D373

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing e-commerce activities and increasing demand for converted paper products for packaging purposes
  - 5.1.1.2. Rising demand for print media and paper publications
  - 5.1.1.3. Application of converted paper products in production of personal hygiene products
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuations in the prices of raw materials and supply chain disruptions
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements and automation in the manufacturing of converted paper products
  - 5.1.3.2. Continuous improvement in the physical and chemical properties of paper
- 5.1.4. Challenges
  - 5.1.4.1. Environmental concerns associated with the production and recycling of converted paper products
5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing popularity of paperboard containers & boxes owing to innovation in design and function
- 5.2.2. Technology: Rising demand of blending for products where uniformity and strength are priorities
- 5.2.3. Significant use of advanced and sustainable packaging solutions in industrial application
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Converted Paper Products Market, by Product

6.1. Introduction
6.2. Paper Bags
6.3. Paperboard Containers & Boxes
6.4. Sanitary Products

7. Converted Paper Products Market, by Technology

7.1. Introduction
7.2. Blending
7.3. Dyeing
7.4. Heat-Treating
7.5. Plating

8. Converted Paper Products Market, by End-Use

8.1. Introduction
8.2. Household
8.3. Industrial Packaging

9. Americas Converted Paper Products Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Converted Paper Products Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Converted Paper Products Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Amcor launches high-barrier performance paper packaging in North America
- 12.3.2. Sonoco to Purchase U.S. Paper Mills Corp
- 12.3.3. Converting paper waste into premium building materials, Unwasted secures GBP 1.5 million
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio