Paper Converting Machines Market Size & Growth Analysis to 2030

The global paper converting machines market size is anticipated to register a significant CAGR of over 3% during the forecast period and estimated to reach around USD 50 billion by 2027. The increasing rate of literacy levels around the globe and the increasing use of trans promotional documents are some major factors to drive the market growth. Furthermore, the increasing demand for tissue papers is another major factor to boost the market growth over the forecast period. Moreover, the increasing consumption of paperboard in packaging is anticipated to fuel the market across the globe. However, environmental concerns and declining prices are expected to restrain the market growth.

Market Drivers:

Increasing demand for paper-based packaging: The growing awareness about sustainability and environmental concerns has led to an increased demand for paper-based packaging solutions. Paper converting machines play a vital role in the production of various paper-based packaging products, such as boxes, bags, cartons, and labels. The rising popularity of eco-friendly packaging materials has driven the demand for paper converting machines.

Growth in the e-commerce industry: The rapid expansion of the e-commerce sector has significantly increased the demand for packaging materials and solutions. Paper-based packaging is widely used in the e-commerce industry due to its recyclability and cost-effectiveness. Paper converting machines enable the efficient and high-volume production of packaging materials, catering to the needs of the e-commerce sector.

Technological advancements in paper converting machines: Continuous advancements in paper converting machine technologies have enhanced their efficiency, productivity, and flexibility. Manufacturers are investing in innovative technologies, such as computerized control systems, automation, and digital printing capabilities, to improve the performance and output of paper converting machines. Technological advancements drive the adoption of modern and efficient paper converting machines.

Emphasis on operational efficiency and cost reduction: In the competitive business landscape, manufacturers are focusing on improving operational efficiency and reducing costs. Paper converting machines offer automation and streamlined production processes, resulting in increased productivity and reduced labor costs. By investing in advanced paper converting machines, manufacturers can optimize their production lines, enhance operational efficiency, and gain a competitive edge.

Growth in the tissue and hygiene products market: The demand for tissue and hygiene products, such as toilet paper, paper towels, facial tissues, and sanitary napkins, is growing globally. Paper converting machines are used in the production of these products, enabling efficient converting, cutting, and packaging operations. The expanding tissue and hygiene products market is driving the demand for paper converting machines.

Increasing focus on product customization and personalization: Consumer preferences for customized and personalized products are on the rise. Paper converting machines equipped with advanced technologies allow manufacturers to produce customized paper-based products with unique designs, sizes, and shapes. The ability to offer personalized products gives manufacturers a competitive advantage and drives the demand for paper converting machines.

Government regulations and sustainability initiatives: Governments worldwide are implementing regulations and initiatives to promote sustainable practices and reduce environmental impact. Paper-based packaging materials are considered more environmentally friendly compared to plastic and other non-biodegradable materials. Paper converting machines contribute to sustainable packaging solutions by enabling the production of recyclable and biodegradable paper products, aligning with government regulations and sustainability initiatives.

Growing demand for specialty paper products: The demand for specialty paper products, including coated papers, laminated papers, and specialty packaging materials, is increasing in various industries such as food and beverage, healthcare, and cosmetics. Paper converting machines equipped with specialized capabilities, such as coating, laminating, and embossing, are required to produce these specialty paper products. The expanding market for specialty paper products drives the demand for paper converting machines.

Market Outlook:

Market Insights:

The global paper converting machines market is bifurcated into end-use and geography. On the basis of end-use, the market is further segmented into tissue papers, paperboard, and stationery paper. The tissue paper segment dominated the global market in 2020 and is estimated to hold the largest revenue share of over one-third percent of the market. The segment is also anticipated to grow at the fastest growth rate over the forecast period. The stationary segment is accounted to grow at the slowest growth rate over the forecast period due to the increasing penetration of smart devices for educational and business purposes.

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The paper converting machines comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global paper converting machines market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The paper converting machines market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By End-Use:

• Tissue Papers
• Paperboard
• Stationery Paper

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, the paper converting machines market report comprises dedicated sections centering on the regional market revenue and trends. The paper converting machines market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The paper converting machines market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Paper converting machines market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competition Assessment:

Some of the major market players operating in the global paper converting machines market are Andritz AG, CAN GO COMPANY Ltd., Azimuth International, GA.VO. Meccanica S.R.L., and Future Pack Co., Ltd. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Andritz AG
• CAN GO COMPANY Ltd.
• Azimuth International
• VO. Meccanica S.R.L.
• Future Pack Co., Ltd.
• Hinnli Co., Ltd.
• Mitsubishi
• MTC s.r.l.
• Ocean Associates Co., Ltd.
• Omet Srl

Key Questions Answered by Paper converting machines Market Report

• Global paper converting machines market forecasts from 2021-2027
• Regional paper converting machines market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Paper converting machines submarket forecasts from 2021-2027 covering the market by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to paper converting machines market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level paper converting machines markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the paper converting machines market