According to the latest market research study released by Technavio, the global paper converting machine market is expected to grow at a CAGR of close to 4% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global paper converting machine market based on end-product type:
Global paper converting machine market share by end-product type 2015
|
Tissue Papers |
38.0% |
|
Paperboards |
35.6% |
|
Stationery Papers |
26.4% |
Source: Technavio
Global paper converting machine market by tissue papers segment
The global paper converting machine market by tissue papers was valued at around $14 billion in 2015 and will grow at a CAGR of almost 4% by 2020. This is a lightweight paper made from three major types of raw materials, namely wood-free or chemical pulp, wood-containing pulp, and recovered paper. The increasing development in technology and innovations in the tissue paper industry will help promote better and hygienic lifestyle in the market. The different types tissues available in the market are bathroom tissue, facial tissue, paper towel, paper napkin, and specialty and wrapping tissue. Tissue papers are extensively used in residential homes in the bathroom and kitchen, restaurants, hotels, institutions, hospitals, and other commercial establishments.
“Tissue papers vary coarseness, porosity, absorption capabilities, tactility, and tensile strength which helps the consumers decide the quality of the tissue papers. The changing lifestyle of urban population and increase in the disposable income will help in the growth of this market segment. Recently, it was surveyed that total tissue paper consumption in the US increased by 2.2% from 2008 to 2014,” says Gaurav Mohindru, a lead analyst at Technavio for research on engineering tools.
Global paper converting machine market by paperboard segment
The global paper converting machine market by paperboard was valued at around $13 billion in 2015 and will grow at a CAGR of more than 3% by 2020. Paperboards are thicker than normal paper to maintain the weight-to-area ratio and are categorized as single ply or multiply. The large surface area of paperboards makes it a popular as an advertising tool in the clothing, footwear, cosmetics, and food and beverage industries. These are ideal packaging solutions as they are strong, lightweight, cost-effective, and can be recycled conveniently. Containerboards were the most widely used type of paperboards in terms of volume across the globe, and this helps in the growth of the market segment. Paperboard packaging is extensively used in various industries that includes food and beverage, durable goods, non-durable goods, pharmaceuticals, and industrial and machineries.
Global paper converting machine market by stationery paper segment
The global paper converting machine market by stationery papers was valued at about $9 billion in 2015 and will grow at a CAGR of more than 2% by 2020. The increasing demand for stationery and writing materials during the holiday session will accelerate the growth of this market segment. Students and corporate executives are the primary end-user of this market segment. The rising innovations that provide additional utilities and value-added benefits will aid in transforming the stationery products market across the globe. The growing demand for fashionable and designer stationery and lined paper and folding gift boxes will boost the demand for stationery products during the forecast period. Manufacturers are creating designs to meet the requirement for customized school and office stationery. These customized products help consumers to distinguish between products that belong to them and those used for branding purposes. Enhancement of operations and launching new products that meet the consumer preferences will help the market grow.
The top leading vendors operating in the global paper converting machine market are:
- Paper Converting Machine Company
- Mitsubishi Heavy Industries Printing & Packaging Machinery
- Rich Industry Holding Company
- PAKEA
Other prominent vendors in the market are Andritz, Azimuth International, CAN GO COMPANY, Future Pack, GAVO Meccanica, Hinnli, MTC S.R.L, Ocean Associates, OMET, PAPCEL Litovel, and S.K. Hi-tech Machines.
A more detailed analysis is available in the Technavio report titled, ‘Global Paper Converting Machine Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Plup Market 2016-2020
- Global Synthetic Paper Market 2016-2020
- Global Flexible Paper Packaging Market 2015-2019
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