Harrisburg, NC -- (SBWIRE) -- 10/22/2020 -- The Global Converted Paper Products Market Research Report 2020-2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global converted paper products market is expected to decline from $516.1 billion in 2019 to $503.4 billion in 2020 at a compound annual growth rate (CAGR) of -2.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $606.8 billion in 2023.
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Top Companies in the Global Converted Paper Products Market: Georgia-Pacific Corporation; International Paper Company; Kimberly Clark Corporation; Tetra Laval Group; Svenska Cellulosa Aktiebolaget and Other
Markets Covered:
1) By Type: Paperboard Container; Paper Bag And Coated And Treated Paper; Sanitary Paper Product; Stationery Product; All Other Converted Paper Product
2) By End-Use: Packaging & Wrapping; Food Service; Printing; Others
Asia Pacific was the largest region in the global converted paper products market, accounting for 33% of the market in 2019. North America was the second largest region accounting for 27% of the global converted paper products market. Africa was the smallest region in the global converted paper products market.
The paper industry has been shifting from labor intensive manufacturing processes to automated production facilities. Automation has enabled converted paper product companies to enhance productivity and reduce production costs. These technologies are also saving energy cost. Control systems such as integrated drive systems (IDS) are improving plant efficiency by minimizing energy consumption and simplifying service and maintenance processes. For instance, Swedish company Stora Enso Partbnis partnered with Siemens to automate its Skoghall facility.
Converted Paper Products Global Market Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global converted paper products market as it emerges from the Covid 19 shut down.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Converted Paper Products Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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