Converted Paper Products Market Report 2025

The converted paper products market size has grown strongly in recent years. It will grow from $614.12 billion in 2024 to $665.76 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to economic growth and industrialization, population growth and urbanization, environmental awareness, consumer preferences for convenience, government regulations and standards.

The converted paper products market size is expected to see strong growth in the next few years. It will grow to $889 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to growing e-commerce expansion, sustainable packaging practices, biodegradable and compostable materials, regulatory compliance, eco-friendly printing inks, shift towards digital media. Major trends in the forecast period include innovations in packaging design, customization and personalization, R&D investments in paper technology, innovations in specialty papers, paper-based alternatives to single-use plastics.

The rising demand for online shopping is expected to contribute to the growth of the converted paper products manufacturing market. Manufacturers now have the opportunity to sell their products on a broader platform than ever before, which expands their customer base geographically and drives market growth. For example, in August 2024, the U.S. Census Bureau, a department of commerce in the United States, reported that retail e-commerce sales in the U.S. reached $282.3 billion in the second quarter of 2024, reflecting a 5.3 percent increase (± 0.7) from the first quarter of 2023. Thus, the growing demand for online shopping is fueling the expansion of the converted paper products market.

The surging popularity of food delivery services is expected to be a driving force behind the growth of the converted paper product market. Food delivery services heavily rely on packaging, particularly converted paper items such as corrugated boxes, paper bags, and cartons, to transport meals from restaurants to customers' doorsteps. These paper products play a crucial role in preserving the freshness and temperature of food, ensuring it reaches customers in optimal condition. Notably, major meal delivery services recorded a 6% yearly growth in combined sales, as reported by Bloomberg Second Measure in September 2023.

Major companies in the converted paper products market are increasingly focused on developing sustainable packaging solutions, such as paper outer bags, to lessen their dependence on virgin plastics and improve recyclability. Paper outer bags are packaging made from paper that encases products, serving as an alternative to traditional plastic packaging. For example, in October 2023, Walkers, a UK-based snack food company known for its potato crisps and other snacks, introduced new paper outer bags for its Baked crisps range. This initiative aims to reduce the use of virgin plastic by 180 tonnes annually and provides a packaging option that can be widely recycled in home recycling bins. This effort is part of Walkers' ongoing commitment to innovate and eliminate virgin plastic from their packaging, thereby reducing their carbon footprint.

Leading companies in the converted paper product market are prioritizing the development of sustainable products, such as recycled paperboard, to meet consumer demand for recycled content and gain a competitive edge. Recycled paperboard, produced from recovered paper waste, converting plants, and consumer sources, represents a sustainable choice. Graphic Packaging International (GPI) took a step in this direction by launching PaceSetter Rainier, a coated recycled paperboard (CRB), in August 2023. This product offers enhanced brightness and whiteness compared to traditional CRB and competes directly with solid bleached sulfate (SBS) and folding box board (FBB). Initially available in 12pt to 18pt calipers, this new paperboard grade is suitable for various packaging applications, including healthcare, beauty, confectionery, dry goods, dairy, and more.

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.

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. The countries covered in the converted paper products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The market for converted paper products consists of sales of kraft bags, corrugated paperboard, and linerboard. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Converted paper products refer to items used in the production of paper bags, coated and processed paper goods, and paperboard, typically made from flexible film and other acquired paper materials for commercial and general purposes.

The main types of converted paper products include paperboard containers, sanitary paper products, stationery products, paper bags, coated and treated paper, and various other converted paper products. The term 'stationery' encompasses mass-produced writing products such as letters, paper, pencils, pens, and other office supplies. Raw materials for converted paper products include wood, agro residues, waste, and recycled paper. These products find applications in sectors such as packaging and wrapping, food service, printing, and others.

The converted paper product market research report is one of a series of new reports that provides converted paper product market statistics, including converted paper product industry global market size, regional shares, competitors with a converted paper product market share, detailed converted paper product market segments, market trends and opportunities, and any further data you may need to thrive in the converted paper product industry. This converted paper product market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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