Market Trends of Paper Industry Machinery Industry
This section covers the major market trends shaping the Paper Industry Machinery Market according to our research experts:
Demand from E-Commerce Sector to Drive the Market
- The e-commerce industry is experiencing robust growth in both developed and developing countries due to the availability of a wide range of products on one platform at a relatively low cost. Paper applications include packaging and printed products used in various end-user industries and for shipping goods.
- E-commerce sales have grown more in the last few years around the globe. E-commerce allows manufacturers to sell their products on a larger platform than before, thereby increasing their customer base geographically and driving the growth of the paper industry machinery market.
- Companies in this field focus on innovating new products as part of their business expansion. For instance, in May 2022, Sitma Machinery has launched E-Wrap, a paper wrapping machine aimed at e-commerce applications that can utilize heat-sealable paper and scan 3D objects to create customized packaging. According to Sitma, E-Wrap is designed to fulfill the demands of the logistics sector in terms of speed and efficiency. The unit can be integrated into various production settings and hubs with different layouts and combined with units for labeling and weighing.
- E-commerce packaging is becoming more protective and more efficient to ensure the quality of its suppliers for its customers. Smaller packaging allows postal and delivery personnel to load more products onto trucks, resulting in lower carbon emissions and shorter time. Now that more cardboard boxes are arriving on doorsteps rather than in stores, the sector is counting on more people to keep up with recycling.
- E-commerce is becoming a substantial and high-growth opportunity for the corrugated packaging market, according to The Future of Corrugated Packaging 2023. Despite the recent economic slowdown, which has negatively influenced e-commerce package/retail sales, e-commerce retail sales have continued to rise, providing significant potential for paper packaging suppliers.
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Asia-Pacific Region To See Fastest Growth
- Packaging plays a vital role in Asia-Pacific during the process of buying and selling goods. Additionally, the growing popularity of ordering groceries from home has increased the demand for packaging advancements in the region.
- Governments and other recognized entities are undertaking several initiatives to reduce the use of plastic bags around the globe. Plastic bans around the world are driving the market for paper packaging products. Therefore, this will leverage the market for paper industry machinery market.
- The Ministry of Commerce and Industry, Government of India, has urged the e-commerce industries to gradually eliminate the use of single-use plastic in product packaging. Companies have been advised to develop sustainable packing measures, spelling favorable demand conditions for certain coated paper products.
- Packaging paper is witnessing a rise with the growing need for packaging from e-commerce, food &beverage products, FMCG, and the pharmaceutical sector. For instance, in April 2022, Scan Machineries launched a new 200TPD paper machine for Kanha Paper Mills in Siliguri, West Bengal. The grades of paper that can be produced are Test Liner, Fluting Medium, Kraft Paper, and White Top, with paper width at Pope Reeler being 4100 mm.
- Companies invest strategically in artificial intelligence, advanced software, and other cutting-edge technologies. Innovation in the packaging machinery industry will continue to rise in various regions around the world. In addition, many companies are moving to greater customization to create innovative packaging configurations that attract customers and differentiate themselves.
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