Paper Making Machines Market To Garner $32.3 Bn, Globally, B...| MENAFN.COM

Tuesday, 16 August 2022 07:52 GMT

Paper Making Machines Market To Garner $32.3 Bn, Globally, By 2031 At 4.6% CAGR: Allied Market Research'


(MENAFN- PR Newswire)

Rise in consumption of paper and paperboard and surge in demand for drive technology have boosted the growth of the global paper making machines market.

PORTLAND, Ore., Aug. 5, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, 'Paper Making Machine Market by Headboxes Type (Multilayer, Air Padded), by Operation (Semi – automatic, Fully automatic), by Machine Type (Specialty paper machine, Graphic paper machine, Packaging paper machine, Tissue Paper Making Machines, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031' . As per the report, the global paper making machines industry accounted for $20.4 billion in 2021, and is expected to reach $32.3 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. The report provides an in-depth analysis of changing market trends, key investment pockets, top segments, regional landscape, value chain, and competitive scenario.

Major determinants of the market growth

Rise in consumption of paper and paperboard and surge in demand for drive technology have boosted the growth of the global paper making machines market. Moreover, increase in environment benefits and economic advantages by pulp and paper manufacturers supplemented the market growth. On the other hand, increase in demand for paper making machine market by using different types of materials such as cloth and cotton to reduce deforestation and increased demand for paper napkins at homes, restaurants, and other commercial and residential places would open new opportunities in the future.

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Covid-19 scenario:

  • The Covid-19 pandemic forced several companies in the market to halt business operations to comply with government's new regulations. This disturbance negatively affected the manufacturing and disrupted the supply chain.
  • During the pandemic, most companies received no new consignments, which created challenges for them to maintain their foothold in the market.
  • Due to prolonged lockdown, the prices of raw materials increased drastically. Moreover, shortage of workforce made it difficult to operate paper manufacturing activities at full scale.

The multilayer segment dominated the market growth

By headboxes type, the multilayer segment held the largest share in 2021, accounting for more than four-fifths of the global paper making machines market, and is estimated to dominate the market throughout the forecast period. In addition, the segment is expected to register the highest CAGR of 4.7% during the forecast period, owing to increase in the adoption of technological advancement by the manufacturers. The report includes an analysis of the air padded segment as well.

The fully automatic segment to manifest the highest CAGR through 2031

By operation, the fully automatic segment is expected to register the highest CAGR of 4.7% during the forecast period. In addition, the segment held the largest share in 2021, contributing to more than three-fourths of the global paper making machines market, and is projected to continue its dominance during the forecast period. This is due to increase in adoption of automation in the work process in manufacturing industries. The report includes an analysis of the semi-automatic segment.

The specialty paper machine segment held the lion's share

By machine type, the specialty paper machine segment dominated the market in 2021, accounting for nearly one-third of the global paper making machines market, and is expected to continue its dominance from 2022 to 2031. This is due to benefits associated with specialty paper such as non-reactive, temperature resistant, waterproof, colorful, attractive, and lightweight. However, the tissue paper making machines segment is estimated to showcase the highest CAGR of 5.7% during the forecast period, owing to rise in demand for use of paper in various end-use industries such as packaging food & beverages and others.

Get detailed COVID-19 impact analysis on the Paper Making Machines Market :

Asia-Pacific held the largest share

By region, the global paper making machines market across Asia-Pacific dominated the market in 2021, holding nearly two-fifths of the market, and is expected to dominate in terms of revenue during the forecast period. In addition, the region is expected to register the highest CAGR of 5.1% during the forecast period. Rise in awareness regarding environmental health, owing to which paper making machines manufacturers and consumers are shifting their preferences toward more sustainable paper packaging solutions. The market is analyzed across other regions such as North America, LAMEA, and Europe.

Major market players

  • Voith
  • Bellmer
  • Cellwood
  • Andritz
  • Toscotec
  • Cellie
  • OverMade Srl
  • Ihi Corporation
  • Valmet
  • Kawanoe Zoki Co., Ltd
  • Nsk Ltd
  • Parson
  • Cnbm Allimand
  • Kadant Inc.
  • Recard SPA
  • Georgia-Pacific Corporation

The report analyzes these key players of the global smoking pipe market. These companies have adopted several strategies such as expansion, partnerships, new product launches, collaborations, and mergers & acquisitions to maintain their foothold in the industry. In addition, the report is essential in determining the business performance, product portfolio, operating segments, and developments by every market player.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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