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How has the converted paper products market size evolved in recent years?

The market size of converted paper products has seen considerable growth in the past few years. A surge from $614.12 billion in 2024 to $665.76 billion in 2025 is projected, with a Compound Annual Growth Rate (CAGR) of 8.4%. Factors such as economic growth and industrialization, an increase in population and urbanization, heightened environmental consciousness, shifting consumer demands for convenience, and government regulations and standards add to the historic period growth.

What are the predictions for the converted paper products market size in the coming years?

We can anticipate a significant surge in the vertical farming market in the coming years, expanding to a substantial $21.12 billion by 2029. This will be achieved through a compound annual growth rate (CAGR) of 21.8%. Factors contributing to such growth during the predicted period include integration into smart cities, the utilization of vertical farming in retail environments, educational and research projects, extension into emerging countries, and an increased consumer demand for organic and locally sourced produce. In the panned timeframe, innovative trends like customized crop types, partnerships with the foodservice industry, layered and tiered farming structures, automated planting and harvesting operations and the implementation of aeroponics and hydroponics technologies are set to make a big impact.

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What key factors are fueling the growth of the converted paper products market?

The converted paper products manufacturing market is anticipated to flourish due to the rising demand for online shopping. This new avenue of selling allows manufacturers to offer their products on a much larger scale than ever before, thus expanding their customer base geographically that consequently fuels the market’s growth. The U.S. Census Bureau, an American department of commerce, specified in August 2024 that the U.S. retail e-commerce sales of the second quarter in 2024 equaled $282.3 billion. Representing an increase of 5.3 percent (± 0.7) from the first quarter of 2023, it underscores how growing demand for online shopping is propelling the growth of the converted paper product market.

How is the global converted paper products market divided into key segments?

The converted paper products market covered in this report is segmented –

1) By Type: Paperboard Container, Sanitary Paper Product, Stationery Products, Paper Bag And Coated And Treated Paper, All Other Converted Paper Products

2) By Raw Material: Wood And Agro Residue, Waste And Recycled Paper

3) By End-Use: Packaging And Wrapping, Food Service, Printing, Other End Users

Subsegments:

1) By Paperboard Container: Folding Cartons, Rigid Boxes, Corrugated Boxes, Paperboard Cups And Trays, Paperboard Containers For Food Packaging

2) By Sanitary Paper Product: Toilet Paper, Paper Towels, Facial Tissues, Napkins, Wipes

3) By Stationery Products: Notebooks And Writing Pads, Envelopes, Paper Sheets And Pads, Paper Cards, Post-It Notes

4) By Paper Bag And Coated And Treated Paper: Kraft Paper Bags, Shopping Bags, Stand-Up Pouches, Grocery Bags, Retail Paper Bags, Coated Paper For Printing And Writing, Specialty Coated Paper, Food Packaging Paper, Water-Resistant Paper, Barrier Coated Paper

5) By All Other Converted Paper Products: Paper-Based Food Packaging, Paper Straws, Paper-Based Films And Laminates, Paper Labels, Paper Cups And Plates

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Who are the key firms paving the way for growth in the converted paper products market?

Major companies operating in the converted paper products market include WestRock Company, International Paper Company, Kimberly Clark Corporation, Essity AB, Georgia-Pacific LLC, Smurfit Kappa Group PLC, Stora Enso Oyj, Oji Holdings Corporation, UPM-Kymmene Corporation, DS Smith plc, Graphic Packaging Holding Company, Mondi Group, Nippon Paper Industries Co. Ltd., Packaging Corporation of America, Sonoco Products Company, Domtar Corporation, Cascades Inc., Ahlstrom-Munksjö Oyj, Metsä Group, Burgo Group S.p.A., SCA Group, Clearwater Paper Corporation, Svenska Cellulosa AB, Cenveo Corporation, Kruger Inc., Wausau Paper Corp., Daio Paper Corporation, Delta Paper Mills Limited, Evergreen Packaging LLC, Finch Paper LLC, Glatfelter Corporation, Hokuetsu Corporation, Huhtamaki Oyj, KapStone Paper and Packaging Corporation, Long Chen Paper Co. Ltd.

Which trends are expected to transform the converted paper products market?

Leading firms in the converted paper products industry are looking to innovate with sustainable packaging options, such as paper outer bags to decrease their use of new virgin plastics and enhance the recyclability of their products. Paper outer bags are a form of packaging made entirely of paper that can substitute the conventional plastic packaging. An example of this is the UK-based snack brand, Walkers, who introduced their new paper outer bags for their Baked crisps line in October 2023. The aim of this project is to decrease the consumption of virgin plastic by 180 tonnes annually, offering a recyclable packaging solution that can easily be disposed of in household recycling bins. This strategy aligns with Walkers’ continued efforts to develop creatively and eliminate virgin plastic from their packaging solutions to reduce their overall carbon emissions.

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What regions are contributing significantly to the growth of the converted paper products market?

Asia-Pacific was the largest region in the converted paper products market in 2024. North America was the second largest region in the converted paper products market. The regions covered in the converted paper products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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