According to the report, ‘Converted Paper Products Manufacturing Global Market Report 2019’ states that the converted paper product manufacturing market effectively comprises of sales of converted paper products by numerous individuals (organizations, sole traders and partnerships) that introduce the converted paper products from several other paper and paper board products. The converted paper products proficient involve the paperboard and corrugated boxes, paper bags, stationery, sanitary paper products, and other products (crepe paper, die-cut paper for non-office use, and molded pulp products).
Not only has this, the report also suggests that in the market of converted paper products manufacturing there are several key players which recently functioning more positively for leading the fastest market growth and registering the high value of market share across the globe throughout the forecasted period while doing deduction in the production price, developing productivity and increasing the applications of the product includes Georgia-Pacific Corporation, International Paper Company, Kimberly Clark Corporation, Tetra Laval Group, Svenska Cellulosa Aktiebolaget, and several others.
Furthermore, in the terms of the applications, the market of converting paper is sectored into the printing paper, newsprint, writing paper, hygiene paper, packaging, and several others. In the packaging sector, the converting paper is efficiently utilized for the manufacturing carton board, corrugated board, and flexible paper.
Sideways, the consumption of converting paper for the responsibilities separately from writing and printing is augmenting around the globe. For example, the sanitary and packaging markets are charming the evolving end users for the converting paper market. The effective acceptance of the converting paper for industrial packaging is rising due to the low cost and sustainability as compared to plastic, metal, and glass.
Based on the region, the market of converted paper products is spread across the globe which majorly involves North America, Europe, Asia Pacific and Rest of the World. However, the Asia Pacific region was the largest region in the global converted paper products manufacturing market, registering for 33% of the market in 2018. North America economy was the second foremost region dominating for 26% of the global converted paper products manufacturing market. Africa economy was the smallest region in the global converted paper products manufacturing market.
The paper industry has been transforming from the labor-intensive manufacturing procedures to automated production conveniences. The automation has empowered the converted paper product corporate to develop productivity and decrease production costs. These technologies are also redeemable energy cost. The control systems such as integrated drive systems (IDS) are advancing the plant effectiveness by minimalizing the energy optimization and streamlining the service and preservation procedures. For instance, Swedish company Stora Enso Partbnisamalgamated with the Siemens to systematize its Skoghall capability.
The developing the e-commerce industry is implementing the converting paper for the consignment packaging due to the superiority opportunities of consumers and the requirement for the lightweight packaging formats. The penetration of E-Commerce in the retail market is increasing at a significant rate. With this growth, the requirement for competent packaging solutions is also augmenting. The packaging is one of the key factors manipulating consumer predilection. Therefore, in the near years, it is anticipated that the market of converted paper products manufacturing will increase across the globe more significantly over the coming years.
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Ankur Gupta, Head Marketing & Communications