The Global Pulp and Paper Machinery Market was worth US$ 592.1 billion in 2023 and is anticipated to reach a valuation of US$ 816.41 billion by 2029 and is predicted to register a CAGR of 5.5% during 2024 to 2029.
The demand for pulp and paper machinery is growing at a higher rate across the world. This equipment is used to produce dry sheets of paper with the pulp extracted from the cellulose fibers. The need to produce paper is increasing at a random rate globally, which is acting as a major factor for the market's growth. According to a recent survey, the paper consumption in 2021 will be 417 million tons, and it is expected that the value will reach 476 million tons by the end of 2032.
The printing industry is playing a crucial role in leveraging the demand for the production of paper. One of the major substances used to print books, currency, notices, and others is paper. The increasing popularity of notebooks, textbooks, newspapers, magazines, and other paper products is increasing the demand to produce paper using machinery. With the growing population and the literacy rate, the pulp and paper machinery market is growing at a random rate.
In addition, stringent rules and regulations by the government in order to adopt eco-friendly packaging options. This is implied to put pressure on the manufacturing industries to produce a high quantity of paper, which is leveraging the market growth rate to the extent. Global penetration of online shopping is anticipated to enhance the market share. Amazon is a major company with the highest number of followers in online shopping globally. Amazon initiated the process of completely eliminating the use of plastic and introduced paper packaging entirely. This initiative highly promoted the use of paper, where the market share started to rise enormously.
However, difficulty in maintaining quality, sustainability, and efficiency with the balanced cost factor is majorly impeding the pulp and paper machinery market growth rate. In addition, rising concerns over deforestation to produce paper are limiting the value of the market. With rapidly changing technology, where there is the adoption of digital media and the internet all over the world, the demand for paper production is decreasing, which is slightly degrading the market growth rate.
Extensive research activities to develop papers with biomaterial are solely done to leverage the growth opportunities for the market. Severe concerns over the cutting of trees for the manufacturing of paper are negatively impacting the world with global warming. The R&D activities are focusing on eliminating this serious concern by adopting biomaterials to manufacture paper in the industry. Likewise, the demand for pulp and paper is increasing with the growing number of food and beverage industries globally.
Reluctance to adopt new technologies to manufacture paper so as to curb environmental pollution is a major challenging factor for the market's key players. The scarcity of water is another attribute hampering the market growth rate. Around 20 liters of water are used on average to produce an A4-sized paper, which is negatively impacting the pulp and paper industries. Increasing water scarcity issues may negatively impact the growth rate of the market.
The COVID-19 pandemic disrupted the supply chain and sales of the industry in the initial months of 2020. Stringent restrictions by government authorities to curb the spread of the disease had declined the share of the market. However, the demand for paper and paper machinery has grown significantly with the increased sales from the healthcare industry. The COVID-19 pandemic raised awareness of personal hygiene, which boosted the demand for pulp and paper machinery. The demand for napkins, tissues, diapers, and feminine products has increased the production rate of paper. This trend is to continue in the coming years as well. The food and beverage industry has also created a positive impact on the sales of food product packaging that has positively impacted the growth rate of the pulp and paper machinery market. The rise in the e-commerce platform has also significantly promoted the demand for packaging products and elevated the growth rate of the market. Due to varied restrictions, the demand for online shopping has risen at a higher rate during the COVID-19 pandemic time. According to the Economic Co-operation and Development, sales on e-commerce platforms have increased by 14.8% in the United States. This factor has contributed to the growth rate of the pulp and paper machinery market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
5.5% |
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Segments Covered |
By Product Type, Machine, Application, End-User, and Region |
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Various Analyses Covered |
Global, Regional, and country Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa. |
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Market Leaders Profiled |
ANDRITZ AG, Valmet Corporation, Voith Group, Metso Corporation, Kadant Inc., BillerudKorsnäs AB, ABB Ltd., GL&V Inc., Sandvik AB, RISI, Inc., Kemira Oyj, Sulzer Ltd., and Others. |
The continuous digesters segment is leading with the prominent market share, whereas the pulp washers segment is attributed to have the strongest growth rate during the forecast period. The continuous digester is the major equipment used in the pulp and paper industry to produce cellulose pulp using key raw materials. The pulp washers are used to remove contaminants from the extracted pulp through various filters. This cleaned pulp is then processed for further production process.
Specialty paper machines are ruling with a significant market share, with rising industries adopting advanced technologies to level up the production rate of paper. Graphic paper machines are esteemed to have the strongest growth rate during the forecast period.
The mechanical pulping segment is growing at a faster rate and is projected to hit the highest CAGR during the forecast period. Mechanical pulping is one of the best processes to reduce the usage of wood chips. This process involves reducing up to 50% of wood chips compared to chemical pulping. The recycled pulping segment is gaining traction and leading the market share in the foreseen period.
Packaging segment is to lead the prominent market share throughout the forecast period 2023-2028. Initiative steps by the government to adopt paper packaging solutions are majorly propelling the market value. The printing & writing segment is also anticipated to have prominent growth opportunities in the near future.
Growing investments in various industries with the increasing per capita income in emerging countries are the primary factors influencing the market share. India and China are the topmost countries, having the highest share of the market. Quick adoption of the latest technologies in packaging materials in India and China is ascribed to bolstering the demand for pulp and paper machinery.
For instance, the Ministry of Commerce and Industry in India has ordered all the e-commerce industries to shut down the usage of plastic packaging and adopt sustainable packaging measures that thrived the demand for paper packaging solutions in India.
North America is positioned second in leading the pulp and paper machinery market share due to the increasing number of key players. Rapid industrialization is another factor prompting the market growth rate. The penetration of high-speed internet and the growing trend towards online shopping are elevating the growth rate of the pulp and paper machinery market. The trend towards the adoption of different packaging materials and tissues is anticipated to fuel the demand for the use of these machinery.
Europe is set to gain the highest CAGR by the end of the forecast period. Increasing disposable income and rising awareness to reduce the effects of global warming by limiting the usage of thin plastic materials are ascribed to promote the growth rate of the pulp and paper machinery market.
Latin America, the Middle East & Africa are likely to showcase prominent growth opportunities for the market in the coming years.
ANDRITZ AG, Valmet Corporation, Voith Group, Metso Corporation, Kadant Inc., BillerudKorsnäs AB, ABB Ltd., GL&V Inc., Sandvik AB, RISI, Inc., Kemira Oyj, Sulzer Ltd., are some of the notable companies in the global pulp and paper machinery market.
In 2023, ABB and Parason collaborated to expand the production of environmentally friendly packaging solutions. This collaboration shall focus on completely eliminating the use of plastic and Styrofoam packaging materials in several industries like catering, transportation, and industrial canteens. ABB's robots will be integrated with Parason machinery to manufacture efficient packaging products using agrowaste.
In 2023, ABB initiated the Real Progress Campaign to exhibit the power of technology and expertise in sustainability while improving the productivity rate. This campaign will inspire customers, partners, and suppliers to amplify the share of the pulp and paper machinery industry with the latest technologies available.
By Product Type
By Machine
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By End-User
By Region
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