Market Size of Paper Industry Machinery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.90 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Paper Industry Machinery Market Analysis
Paper Industry Machinery Market is anticipated to grow at a CAGR of 4.9% over the forecast period. Sustainable paper machines and processes will continue to drive the market. Demand in the packaging industry will continue to favor the paper industry machinery market. Additionally, global e-commerce and online retailers are contributing to increased paper consumption, driving the demand for paper machines. The Russia-Ukraine war has affected the overall packaging ecosystem.
- Consumers worldwide, becoming more conscious of the environmental hazards of packaging, are shifting their purchasing habits to more environmentally friendly options. Consumers, the government, and the media are putting pressure on manufacturers to make their products, packaging, and processes more environmentally friendly. People are willing to pay more for environmentally friendly packaging. The paper industry machinery market will grow as a result of these trends.
- Another end-user that relies extensively on the paper machinery market is the retail industry. E-commerce as an industry has doubled in the last five years, with Amazon setting the pace with more than 50 million prime subscribers. In economies such as China and India the e-commerce market is expected to retain a high growth because of rising internet and smartphone penetration, coupled with rapid urbanization. According to IBEF, the Indian e-commerce market is expected to reach USD 200 billion by the end of 2026.
- Further, an increase in ecological and economic advantages by pulp and paper manufacturers is expected to boost the paper-making machines market. Expansion of the hospitality sector due to an increase in population is estimated to grow the demand for paper-making machines. The rise in awareness about personal hygiene fuels the need for paper napkins worldwide. Increasing demand for paper napkins at homes, restaurants, and other commercial and residential spaces is expected to drive the paper industry machinery market.
- According to the World Wildlife Organization, the paper industry sector accounts for 13-15% of total wood consumption and uses between 33-40% of all industrial wood traded globally, making items such as office and catalog paper, glossy paper, tissue, and paper-based packaging. However, despite increased demand for paper packaging, irresponsible deforestation will severely impact the paper industry machinery market by causing a loss of raw materials in the near future.
- Many nations considered the paper industry crucial during lockdowns to help limit the spread of the COVID-19. The pandemic boosted the need for e-commerce packaging by increasing the vitality of the e-commerce sector across countries and broadening its reach to the older customer group. According to the Organization for Economic Cooperation and Development (OCED), sales on e-commerce platforms climbed by 14.8% in the United States between February and April 2020. Also, the Russia-Ukraine war has an impact on the overall packaging ecosystem.
Paper Industry Machinery Industry Segmentation
The study on Paper Industry Machinery Market tracks the revenue of various paper machinery types primarily sold for multiple packaging applications. The study will focus on consumption trends and demand estimates across the globe.
Paper Industry Machinery Market is Segmented by Machinery Type (Wood Preparation and Other Pulp Mill Machinery, Converting Machinery, Paper Production Machinery, Finishing Machinery, and Other Machinery Types), By End-User Industry ( Packaging Industry, Pulp & Paper Industry, Print Media Industry, Food & Beverage Industry, and Other End-User Industries), By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Machinery Type | |
Wood Preparation Machinery and Other Pulp Mill Machinery | |
Converting Machinery | |
Paper Prodcution Machinery | |
Finishing Machinery | |
Other Machinery Types (Parts and attachments, etc.) |
By End-User Industry | |
Packaging Industry | |
Pulp & Papers Industry | |
Print Media Industry | |
Food & Beverage Industry | |
Other End-User Industries |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East and Africa |
Paper Industry Machinery Market Size Summary
The paper industry machinery market is poised for steady growth, driven by the increasing demand for sustainable paper machines and processes. The packaging industry, in particular, is a significant contributor to this market expansion, fueled by the rise of global e-commerce and online retailing, which has led to heightened paper consumption. The shift towards environmentally friendly packaging options, influenced by consumer, governmental, and media pressures, is further propelling the market. This trend is supported by a growing willingness among consumers to pay a premium for eco-friendly packaging solutions. The retail sector, especially e-commerce, is experiencing rapid growth, with countries like China and India leading the charge due to increased internet and smartphone penetration and urbanization. This growth is expected to bolster the demand for paper-making machines, as the hospitality sector and the rising awareness of personal hygiene further drive the need for paper products such as napkins.
The market landscape is characterized by innovation and strategic investments in advanced technologies, with companies focusing on product development and customization to meet evolving consumer demands. The push for sustainable packaging solutions is gaining momentum, particularly in regions like Asia-Pacific, where initiatives to reduce plastic usage are fostering demand for paper packaging products. The market is moderately fragmented, with key players like ABB Ltd, Mitsubishi HiTec Paper, and Parason Group actively engaging in mergers, acquisitions, and technological advancements to enhance their global presence. Recent developments, such as the launch of high-performance machinery and partnerships for processing recyclable materials, underscore the industry's commitment to innovation and sustainability. Despite challenges like irresponsible deforestation, the market is expected to continue its growth trajectory, supported by the increasing importance of packaging in various sectors, including e-commerce, food and beverage, FMCG, and pharmaceuticals.
Paper Industry Machinery Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness-Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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2. Market Segmentation
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2.1 By Machinery Type
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2.1.1 Wood Preparation Machinery and Other Pulp Mill Machinery
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2.1.2 Converting Machinery
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2.1.3 Paper Prodcution Machinery
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2.1.4 Finishing Machinery
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2.1.5 Other Machinery Types (Parts and attachments, etc.)
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2.2 By End-User Industry
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2.2.1 Packaging Industry
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2.2.2 Pulp & Papers Industry
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2.2.3 Print Media Industry
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2.2.4 Food & Beverage Industry
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2.2.5 Other End-User Industries
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle East and Africa
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Paper Industry Machinery Market Size FAQs
What is the current Paper Industry Machinery Market size?
The Paper Industry Machinery Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Paper Industry Machinery Market?
ABB Ltd., Mitsubishi HiTec Paper, MAN Energy Solutions, Parason Group and Beston Group Co., Ltd. are the major companies operating in the Paper Industry Machinery Market.