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SEATTLE, May 29, 2019 (GLOBE NEWSWIRE) -- The global converting paper market was valued at US$ 369.2 million in 2018, and is projected to exhibit a CAGR of 2.5% over the forecast period (2019–2027), in terms of revenue. Key Trends and Analysis of the Global Converting paper Market: The converting paper market is expected to witness significant growth over the forecast period. This is owing to increasing demand for converting paper from various applications such as hygiene paper, writing paper, printing paper, newsprint, and others. Request Sample Pages of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/2669 Among regions, Asia Pacific is expected to account for significant market share during the forecast period. This is owing to increasing use of converting paper in various applications such as packaging and others in the region. In Asia Pacific, mainly India and China are expected to be the largest consumers of paper for printing, writing and packaging, owing to stringent government regulation for the usage of plastics. According to India Brand Equity Foundation (IBEF), Indian printing and packaging industry generated a revenue of US$ 22.8 billion in 2014. Major players in the market are focused on expanding their production capacity, in order to enhance their product offerings. Increase in demand for hygienic tissue, is expected to drive global converting paper market growth. For instance, in 2019, according to Group President – Georgia-Pacific Consumer Products Group, Georgia-Pacific is investing over US$ 120.0 million in new tissue machine in Naheola, Alabama mill and also in roll storage building to support the company’s retail bath tissue business. The production form the new machine is scheduled for 2020, with company operating eight facilities across Alabama. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/converting-paper-market-2669 Key Market Takeaways: Purchase this exclusive Business report now @ https://www.coherentmarketinsights.com/insight/buy-now/2669 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us:Mr. ShahCoherent Market Insights1001 4th Ave. #3200 Seattle, WA 98154Tel: +1-206-701-6702Email: sales@coherentmarketinsights.com
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