Paper Industry Machinery Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Paper Industry Machinery Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

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-United Kingdomraine 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 United States between February and April 2020. Also, the Russia-United Kingdomraine war has an impact on the overall packaging ecosystem.

• 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.​

• 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.

The packaging Industry Machinery Market is moderately fragmented. Some of the major players in the market are ABB Ltd, Beston Group Co., Ltd, Mitsubishi HiTec Paper, MAN Energy Solution, and Parason Group. The players in the market are focusing on innovations, mergers, or acquisitions to enhance their brand presence across the globe.

In January 2022, ABB released its High-Performance Infrared-Reflection (HPIR-R) moisture sensor, which delivers the fastest, most precise moisture monitoring, taking up to 5,000 measurements per second. The sensor provides an accurate, high-resolution measurement that enables mills to increase throughput while decreasing operating costs. This advanced, patented technology will allow pulp, paper, and board producers to know the precise moisture levels, and improve their CD profiles, enhancing end-product quality with fewer rejects.

In January 2022, At its MUnited Kingdomtsar factory in Punjab, Satia Industries successfully launched a brand-new Writing & Printing Paper Machine (PM4). According to reports, the paper machine provided by Allimand Group would increase Satia Industries' output capacity by 300 TPD. The company previously disclosed plans to expand its current wood pulping capacity to 300 TPD, its current straw pulping capacity from 200 to 250 TPD, and a deinked pulp line with a standby capacity of 150 TPD supplied by ANDRITZ.

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