Paper and Board Technologies Market Size (2024 - 2029)

The Paper and Board Technologies Market is experiencing significant growth, driven by technological disruptions and a shift towards sustainability. The industry has undergone a restructuring, with a focus on converting assets to meet the increasing demand for packaging and tissue products. Digitalization, accelerated by the COVID-19 pandemic, is enhancing productivity and transparency across the value chain, with advanced technologies like AI and RFID playing a crucial role in optimizing operations. This transformation is expected to lead to a substantial increase in market size, as companies leverage these innovations to improve efficiency and sustainability.

Market Size of Paper and Board Technologies Industry

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Paper and Board Technologies Market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.80 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Paper & Board Technologies Market Analysis

The Paper and Board Technologies Market is expected to register a CAGR of 7.8% during the forecast period 2022 to 2027. In the last decade, the pace of change in the industry has accelerated, with more and more frequent technological disruptions outpacing development. Paper and Board products have played a crucial role for customers during the COVID-19 pandemic. For example, as consumers transitioned to work from home, corrugated board packaging was extensively used for e-commerce packaging.

  • During the last decade, paper and board industry players focused heavily on a forced restructuring of the pulp and paper industry, with asset closures and mill conversions. A decline in demand is some types of paper, such as graphic paper, prompted paper and board market players to shift their assets into packaging and tissue capacity. To manage this phase of forced restructuring, many global diversified pulp and paper corporations were also engaged in divesting adjacent business sectors and exiting some geographies to focus back on their core businesses.
  • The paper and board industry is expected to witness a transformational change characterized by the wave of industry technology disruption, such as digital and analytics, coupled with an increasing focus on sustainability. Unlike other packaging industry products, demand for paper and board packaging products is structurally increasing; therefore, the next level of disruption is anticipated to involve an increase in productivity and output along with the sustainability-led transformation.
  • Digital and analytics are able to offer the next transformation in the industry. Using these advanced technologies, companies can improve productivity and throughput by more than 10% to 15%, representing considerable gains on traditional cost-curve differences between many market players or individual mills and machines. These technologies can be further extended to optimize the end-to-end value chain, from fiber (forest or recycled) to the final product, in order to harness the complete value of the data along the supply chain.
  • Digitalization in the industry has been accelerated by the COVID-19 pandemic, which exposed a requirement for more resilience and transparency across the paper and board packaging value chain. This development is anticipated to lead to greater use of artificial intelligence (AI) to monitor cost efficiency and productivity and track processes in real-time.
  • Several brands and converters were already experimenting with radio-frequency identification (RFID) and near-field communications (NFC) for intelligent packaging applications before the COVID-19 pandemic struck. Industrial RFID tags have become more popular owing to the advantages it provides, such as reducing shipping errors, improving security, and validating raw materials and finished goods., among others.

Paper & Board Technologies Industry Segmentation

Paper and Board Technologies refer to the machineries, processes, products, services, and advanced technologies used throughout the value chain of the paper and board packaging market. The study's scope considers hardware and software solutions for different applications in the industry globally.

The Paper and Board Technologies Market is Segmented by Product Type (Containerboard, Cartonboard, Wrapping Paper, Tissue), by Application (Production Lines and Machine Sections, Automation, Printing, Services), and by Geography.

By Product Type
Containerboard
Cartonboard
Wrapping Paper
Tissue
Other Paper and Board
By Application
Production Lines and Machine Sections
Automation
Printing
Services
Other Application
By Geography
North America
Europe
Asia Pacific
Rest of the World
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Paper and Board Technologies Market Size Summary

The Paper and Board Technologies Market is undergoing significant transformation, driven by technological advancements and a heightened focus on sustainability. The industry has experienced rapid changes over the past decade, with technological disruptions accelerating the pace of innovation. The COVID-19 pandemic highlighted the essential role of paper and board products, particularly in e-commerce packaging, as consumers shifted to remote work. This shift prompted industry players to restructure by closing assets and converting mills, focusing on packaging and tissue capacity due to declining demand for certain paper types. The market is now poised for growth, with digitalization and analytics offering opportunities to enhance productivity and optimize the supply chain. The demand for paper and board packaging is structurally increasing, driven by pressures to eliminate single-use plastics and the need for sustainable alternatives. Innovations in papermaking and coating technologies are enabling the development of functional barriers, making paper and board viable substitutes for plastic in various applications.

The Asia Pacific region is expected to experience the highest growth rate in the Paper and Board Technologies Market, fueled by increased packaging machinery penetration and strategic partnerships. Automation and the Industrial Internet of Things (IIoT) are gaining traction, particularly in China and Japan, where the demand for corrugated packaging and processed food is rising. The market is moderately fragmented, with large companies dominating certain segments due to the capital and R&D investments required for advanced technologies. Recent acquisitions and supply agreements, such as ANDRITZ's acquisition of the Bonetti Group and Valmet's supply of a fine paper-making line to Asia Symbol, underscore the industry's focus on expanding capabilities and enhancing service portfolios. These developments are expected to drive the market forward, offering new opportunities for improved machinery and digital integration in packaging processes.

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Paper and Board Technologies Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Assessment of Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Containerboard

      2. 2.1.2 Cartonboard

      3. 2.1.3 Wrapping Paper

      4. 2.1.4 Tissue

      5. 2.1.5 Other Paper and Board

    2. 2.2 By Application

      1. 2.2.1 Production Lines and Machine Sections

      2. 2.2.2 Automation

      3. 2.2.3 Printing

      4. 2.2.4 Services

      5. 2.2.5 Other Application

    3. 2.3 By Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia Pacific

      4. 2.3.4 Rest of the World

Paper and Board Technologies Market Size FAQs

The Paper and Board Technologies Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)

Valmet Oyj, Siemens AG, Andritz AG, ABB Ltd and Honeywell International Inc are the major companies operating in the Paper and Board Technologies Market.

Paper and Board Technologies Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)