Converted Paper Products Market by Product (Paper Bags, Paperboard Containers & Boxes, Sanitary Products), Technology (Blending, Dyeing, Heat-Treating), End-Use - Global Forecast 2024-2030

Converted Paper Products Market by Product (Paper Bags, Paperboard Containers & Boxes, Sanitary Products), Technology (Blending, Dyeing, Heat-Treating), End-Use - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Converted Paper Products Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing e-commerce activities and increasing demand for converted paper products for packaging purposes
Rising demand for print media and paper publications
Application of converted paper products in production of personal hygiene products

Market Restraints

Fluctuations in the prices of raw materials and supply chain disruptions

Market Opportunities

Technological advancements and automation in the manufacturing of converted paper products
Continuous improvement in the physical and chemical properties of paper

Market Challenges

Environmental concerns associated with the production and recycling of converted paper products

Market Segmentation Analysis

Product: Growing popularity of paperboard containers & boxes owing to innovation in design and function
Technology: Rising demand of blending for products where uniformity and strength are priorities
Significant use of advanced and sustainable packaging solutions in industrial application

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Converted Paper Products Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Converted Paper Products Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Amcor launches high-barrier performance paper packaging in North America

Amcor PLC launched AmFiber Performance Paper packaging in North America, a sustainable option that aligns with the company's commitment to responsible packaging. This new product is prequalified by How2Recycle, ensuring it meets the reliability standards and integrates smoothly into the curbside recycling system.

Sonoco to Purchase U.S. Paper Mills Corp

Sonoco Products Company acquired U.S. Paper Mills Corp. The move provided Sonoco with additional paperboard for its core products like composite cans and strengthened its position in the more stable consumer sectors of tissue and towel cores.

Converting paper waste into premium building materials, Unwasted secures GBP 1.5 million

Unwasted, a London-based startup, has garnered GBP 1.5 million in seed funding from Elbow Beach Capital, bolstering the firm's environmental crusade. This recent financial injection, described as a precursor to a substantial GBP 72 million Series A funding round planned for April, aims to escalate their innovative recycling technologies.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Converted Paper Products Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

Please Note: PDF & Excel + Online Access - 1 Year