Paper Industry Machinery Market Size

Paper Industry Machinery Market Analysis

Paper Industry Machinery Market is anticipated to grow at a CAGR of 4.9% over the forecast period. Sustainable paper machines and processes will continue to drive the market. Demand in the packaging industry will continue to favor the paper industry machinery market. Additionally, global e-commerce and online retailers are contributing to increased paper consumption, driving the demand for paper machines. The Russia-Ukraine war has affected the overall packaging ecosystem.

• Consumers worldwide, becoming more conscious of the environmental hazards of packaging, are shifting their purchasing habits to more environmentally friendly options. Consumers, the government, and the media are putting pressure on manufacturers to make their products, packaging, and processes more environmentally friendly. People are willing to pay more for environmentally friendly packaging. The paper industry machinery market will grow as a result of these trends.
• Another end-user that relies extensively on the paper machinery market is the retail industry. E-commerce as an industry has doubled in the last five years, with Amazon setting the pace with more than 50 million prime subscribers. In economies such as China and India the e-commerce market is expected to retain a high growth because of rising internet and smartphone penetration, coupled with rapid urbanization. According to IBEF, the Indian e-commerce market is expected to reach USD 200 billion by the end of 2026.
• Further, an increase in ecological and economic advantages by pulp and paper manufacturers is expected to boost the paper-making machines market. Expansion of the hospitality sector due to an increase in population is estimated to grow the demand for paper-making machines. The rise in awareness about personal hygiene fuels the need for paper napkins worldwide. Increasing demand for paper napkins at homes, restaurants, and other commercial and residential spaces is expected to drive the paper industry machinery market.
• According to the World Wildlife Organization, the paper industry sector accounts for 13-15% of total wood consumption and uses between 33-40% of all industrial wood traded globally, making items such as office and catalog paper, glossy paper, tissue, and paper-based packaging. However, despite increased demand for paper packaging, irresponsible deforestation will severely impact the paper industry machinery market by causing a loss of raw materials in the near future.
• Many nations considered the paper industry crucial during lockdowns to help limit the spread of the COVID-19. The pandemic boosted the need for e-commerce packaging by increasing the vitality of the e-commerce sector across countries and broadening its reach to the older customer group. According to the Organization for Economic Cooperation and Development (OCED), sales on e-commerce platforms climbed by 14.8% in the United States between February and April 2020. Also, the Russia-Ukraine war has an impact on the overall packaging ecosystem.