The converted paper product market consists of sales of converted paper products by entities (organizations, sole traders and partnerships) that produce converted paper products from other paper and paper board products.The converted paper products include paperboard and corrugated boxes, paper bags, stationery, sanitary paper products, and other products (crepe paper, die-cut paper for non-office use, and molded pulp products).The converted paper product market is segmented into paperboard containers; paper bag and coated and treated paper; sanitary paper products; stationery products and all other converted paper products.
The global converted paper products market is expected to grow from $483.2 billion in 2020 to $510.7 billion in 2021 at a compound annual growth rate (CAGR) of 5.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $632.3 billion in 2025 at a CAGR of 6%.
