Global Paper Converting Machine Market 2016-2020
About Paper Making Process
Wood fiber or pulp is the principal raw material used in making paper. The pulp is boiled, bleached, strained, flattened, and dried to form a continuous sheet of paper known as a web. Consequently, the web is rolled into spools that can be as wide as 137 inches, and can weigh up to 13,000 lbs. The majority of printing presses make use of papers that are smaller than 137 inches; hence, these rolls need to be cut into the required sizes. The process of cutting the rolls of paper into usable dimensions is known as converting.
Technavio’s analysts forecast the global paper converting machine market to grow at a CAGR of 3.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global paper converting machine market for 2016-2020. To calculate the market size, the report considers the paper production in each category.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Paper Converting Machine Market 2016-2020
Technavio recognizes the following companies as the key players in the global paper converting machine market: Paper Converting Machine Company, Mitsubishi Heavy Industries Printing & Packaging Machinery, Rich Industry Holding Company, and PAKEA.
Other Prominent Vendors in the market are: Andritz, Azimuth International, CAN GO COMPANY, Future Pack, GAVO Meccanica, Hinnli, MTC S.R.L, Ocean Associates, OMET, PAPCEL Litovel, and S.K. Hi-tech Machines.
Commenting on the report, an analyst from Technavio’s team said: “Introduction of laser technology will be a key trend for market growth. Laser is increasingly used in non-metal industrial applications, such as flexible packaging, wrapping and packaging, printing covers, visual arts, book covers, and album making.”
According to the report, rise in literacy levels will be a key driver for market growth. Industrialization and economic prosperity directly influence the literacy rate of a region. Globally, the literacy rate among youth (aged 15-19) is the highest among other age groups, and this translates into overall high literacy rate in the future. For instance, in 2015, the literacy rate among the global youth population was 85%, when compared with less than 80% in the 1980s.
Further, the report states that The paper industry faces a stringent regulatory challenge from forest departments as paper is produces from wood, which is acquired from forestland. The forest industry has to meet global and national regulations, withstand pressure from NGOs, and overcome operational risks associated with community unrest in less stable operating areas.
Paper Converting Machine Company, Mitsubishi Heavy Industries Printing & Packaging Machinery, Rich Industry Holding Company, PAKEA, Andritz, Azimuth International, CAN GO COMPANY, Future Pack, GAVO Meccanica, Hinnli, MTC S.R.L, Ocean Associates, OMET, PAPCEL Litovel, S.K. Hi-tech Machines.