According to Trends Market Research, the Global Converting Paper Market is accounted for $355.01 Billion in 2017 and is expected to reach $459.17 Billion by 2026 growing at a CAGR of 2.9% from 2017 to 2026. Growing e-commerce packaging sector, rising adoption for industrial packaging are the major factors boosting the demand for converting paper market. However, increasing digital media may hamper the market growth.
Converting Paper is an essential part of the process of taking raw paper, made at paper mills around the world, and creating a finished product such as a book or magazine. The converting paper material is used for manufacturing of intermediate bulk containers, liners, sacks, and absorbents.
By Paper Type, the Coated Paper segment registered considerable growth during the forecast period. Coating provides enhanced physical properties such as dirt, tear, and wear resistance upon paper substrates, along with extended life span. By geography, Asia Pacific is expected to grow significantly during the forecast period due to the upsurge in demand from various end-use industries such as automotive, textile, and packaging in developing countries, such as India, Malaysia, Vietnam, and Singapore.
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