How Has The Pulp And Paper Machinery Market Size Evolved In Recent Years?
The pulp and paper machinery market has seen considerable growth due to a variety of factors.
• The dimension of the pulp and paper machinery market has seen significant expansion in the last few years. Its estimated value, which stands at $620.64 billion in 2024, is projected to swell to $653.36 billion by 2025, reflecting a compound annual growth rate (CAGR) of 5.3%.
Factors contributing to this historical growth include the escalating global demand for paper and its derivatives, a burgeoning packaging materials industry, increased printing and publishing activities, the necessity for energy-efficient and eco-friendly procedures, emphasis on recycling and maintaining sustainable paper production, and financial injections towards the modernization and improvement of paper mills.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Pulp And Paper Machinery Market?
The pulp and paper machinery market is expected to maintain its strong growth trajectory in upcoming years.
• The market for pulp and paper machinery is anticipated to experience substantial growth in the coming years, projected to increase to $832.07 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 6.2%.
This projected growth during the forecast period is due to various factors including the adoption of digital printing technologies in packaging, the expansion of specialty and functional paper markets, advancements in green and bio-based paper production, the demand for high-performance and lightweight packaging materials, the importance placed on water and effluent treatment in paper mills, and the rising demand for paper packaging in e-commerce and retail sectors. Key trends expected within the forecast period include the integration of digitization and Industry 4.0, advanced recycling and waste reduction procedures, high-speed paper machines, improvements in fiber modification, and the incorporation of artificial intelligence into quality control measures.
Which Key Drivers Are Propelling The Pulp And Paper Machinery Market's Growth?
The expansion of the printing industry is projected to spur the development of the pulp and paper machinery market. The printing industry encompasses companies that print text and images on various substrates, including paper, metal, glass, clothing, and more. Paper, utilized in book publishing, currency production, notification printing, among others, is manufactured in bulk and speedy manner by pulp and paper machines. These machines also function to create a ceaseless paper web by filtering the fibers lodged in paper stock. For instance, in March 2024, data released by British Printing Industries Federation (BPIF), the principal business support organization for the UK's print, printed packaging and graphic communications industry, revealed that the global value of inkjet printing for publications, graphics, packaging & labels will reach about $91.3 billion in 2024, an increase from $69.0 billion in 2019. Consequently, the burgeoning printing industry is a key driver for the pulp and paper machinery industry.
What Are The Key Segments Within The Global Pulp And Paper Machinery Market?
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
Subsegments:
1) By Continuous Digesters: Batch Digesters, Chemical Digesters
2) By Pulp Washers: Vacuum Washers, Pressure Washers
3) By Black Liquor Recovery Boiler (BRLB): Conventional BRLB, Advanced BRLB
4) By Bleaching Towers: Atmospheric Bleaching Towers, Pressure Bleaching Towers
5) By Fourdrinier Machine: Standard Fourdrinier Machine, Modified Fourdrinier Machine
6) By Chip Piles: Ground Wood Chip Piles, Whole Log Chip Piles
7) By Other Types: Screening Equipment, Refiners, Dryers
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How Are New Trends Impacting The Size Of The Pulp And Paper Machinery Market?
The pulp and paper machinery market is increasingly embracing technological innovation as a significant trend. Several top-tier companies in this sector are concentrating on incorporating technologies to accelerate production and access real-time data. For instance, in February 2022, ABB, a technology firm based in Switzerland, unveiled its High-Performance Infrared-Reflection (HPIR-R) moisture sensor. This gadget offers swift and exact moisture monitoring. With the capacity to provide accurate, high-resolution measurements at a rate of 5,000 readings per second, this advanced technology enables mills to boost throughput and reduce production expenses. The goal of this innovative technology is to give pulp, paper, and board manufacturers an accurate understanding of moisture levels. The HPIR-R moisture sensor delivers the highest frequency measurements available, supporting clients in improving quality, minimizing downtime, cutting costs, and raising output. It is designed specifically for paper manufacturers who require precise and accurate moisture measurements in high temperature, challenging machine environments.
Who Are the Key Players in the Pulp And Paper Machinery Market?
Major companies operating in the pulp and paper machinery market include:
• Bosch Rexroth AG
• Andritz AG
• Samarth Paper Machinery Private Limited
• Kugler-Womako GmbH & Co. KG
• Metso Outotec Corporation
• Voith Paper Holding GmbH & Co. KG
• Valmet Corporation.
• Somas Instrument AB
• Hardayal Engineering Works Pvt Ltd
• Zhengzhou Leizhan Technology Paper Machinery Co LTD
• Cutes Corporation
• Stora Enso Oyj
• Toscotec SPA
• Parason Machinery Private Limited.
• JMC Paper Tech Pvt. Ltd.
• Bellmer GmbH
• Kadant Inc.
• Valmet Corporation
• Paperchine Inc.
• Runtech Systems Oy
• ABK Machinery Co. Ltd.
• Kawanoe Zoki Co. Ltd.
• Yueli Machinery Co. Ltd.
• OverMeccanica S.p.A.
• A.Celli Group
• Koike Aronson Inc.
• Fabio Perini S.p.A.
• PMP Group
• Bampi S.p.A.
• Zellstoff-und Papiermaschinenbau GmbH
• BW Papersystems
• Nalco Water an Ecolab Company
• Tecnopaper S.p.A.
• Paper Converting Machine Company
• IBS Paper Performance Group
• Xuzhou Dongbao Machinery Ltd.
• Qingdao Jieruixin Machinery and Technology Co. Ltd.
• Henan Fuyuan Machinery Manufacturing Co. Ltd.
• Baosuo Paper Machinery Manufacture Co. Ltd.
• Hangzhou Youngsun Intelligent Equipment Co. Ltd.
What are the Regional Insights into the Pulp And Paper Machinery Market?
Asia-Pacific was the largest region in the pulp and paper machinery market in 2024. North America is expected to be the fastest-growing region in the pulp and paper machinery market share during the forecast period. The regions covered in the pulp and paper machinery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
