The Pulp And Paper Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pulp And Paper Machinery Global Market Report 2024, The pulp and paper machinery market size has grown strongly in recent years. It will grow from $592.56 billion in 2023 to $625.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increasing global demand for paper and paper products, growth in packaging and packaging materials industry, expansion of printing and publishing activities, need for energy-efficient and environmentally-friendly processes, focus on recycling and sustainable paper production, investment in modernization and upgradation of paper mills.
The pulp and paper machinery market size is expected to see strong growth in the next few years. It will grow to $783.12 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to adoption of digital printing technologies in packaging, expansion of specialty and functional paper markets, research and development in green and bio-based paper production, need for high-performance and lightweight packaging materials, emphasis on water and effluent treatment in paper mills, growing demand for paper packaging in e-commerce and retail. Major trends in the forecast period include digitization and industry 4.0 integration, advanced recycling and waste reduction, high-speed paper machines, fiber modification and enhancements, integration of ai in quality control.
The growing printing industry is expected to propel the market growth of the pulp and paper machinery going forward. The printing sector refers to businesses dealing with printing text and images on paper, metal, glass, clothing, and other materials. Paper is the substance used for printing books, currency, notices, and others. Pulp and paper machinery is used to rapidly and massively produce paper for printing purposes, as well as to create a continuous paper web by filtering out the fibres stored in paper stock. For instance, according to the article published by Publishers Weekly, a US-based book publishing and bookselling news website, and according to NPD Book Scan Data, a US-based provider of sales tracking data for both physical and digital book sales, in 2021 the sales of print books in the US increased to 8.9% compared to 2020. Also, in 2021, the number of printed units sold was 825.7 million, up from 757.9 million in 2020. Therefore, the growing printing industry drives the pulp and paper machinery industry.
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The pulp and paper machinery market covered in this report is segmented –
1) By Type: Continuous Digesters, Pulp Washers, Black Liquor Recovery Boiler (BRLB), Bleaching Towers, Fourdrinier Machine, Chip Piles, Other Types
2) By Machine Type: Specialty Paper Machine, Graphic Paper Machine, Packaging Paper Machine, Tissue Paper Making Machines
3) By Distribution Channel: Direct Sale (OEM), Indirect Sales
4) By Application: Industrial, Commercial
Technological innovation is a key trend gaining popularity in the pulp and paper machinery market. Major companies operating in this industry are focused on integrating technologies to increase production speed to obtain real-time data. For instance, In February 2022, ABB, a Switzerland-based technology company, launched High-Performance Infrared-Reflection (HPIR-R) moisture sensor, which provides fast, precise moisture monitoring. The sensor provides accurate, high-resolution measurements at up to 5,000 readings per second, allowing mills to enhance throughput while lowering operational costs. This cutting-edge technology is intended to assist pulp, paper, and board makers in understanding precise moisture levels. The HPIR-R moisture sensor offers the highest frequency measurements available, which helps clients enhance quality, decrease downtime, save costs, and increase yields. It was created for papermakers who needed precise and accurate moisture measurements in hot, challenging machine conditions.
The pulp and paper machinery market report table of contents includes:
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