PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447055
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447055
According to Stratistics MRC, the Global Tissue Paper Converting Machines Market is accounted for $1.4 billion in 2023 and is expected to reach $2.2 billion by 2030 growing at a CAGR of 6.9% during the forecast period. These machines encompass a range of equipment including tissue unwinders, embossers, slitters, and packaging machines, among others. The market serves the needs of tissue paper manufacturers worldwide, providing them with efficient and automated solutions to process raw materials into finished products ready for consumer use. The market caters to the diverse needs of consumers, businesses, and industries, providing efficient and cost-effective solutions for tissue paper manufacturing. Tissue paper converting machines offer benefits such as high production capacity, precision in cutting and folding, customization options, and automation features, enhancing productivity and reducing labor costs for manufacturers.
According to CEPI, preliminary Statistics report 2021, sanitary and households accounts the 8.7% of the total production of paper and board by grade in CEPI countries in 2021.
Increasing demand for tissue paper products
As awareness about hygiene and sanitation continues to grow globally, there is a corresponding rise in the consumption of tissue paper products such as facial tissues, toilet papers, and paper towels. This heightened demand is fueled by various factors including population growth, urbanization, and changing consumer preferences towards convenient and hygienic products. Additionally, the expansion of retail chains and e-commerce platforms provides easier access to tissue paper products, further stimulating demand. To meet this increasing demand efficiently, tissue paper manufacturers invest in modern converting machines capable of producing high-quality products at scale.
Fluctuations in raw material prices
Tissue paper production heavily relies on materials such as wood pulp, recycled paper, chemicals, and energy. Any sudden increase in the prices of these raw materials can directly impact the manufacturing cost of tissue paper, subsequently affecting the demand for tissue paper converting machines. This fluctuation can disrupt production planning, pricing strategies, and profit margins for manufacturers in the tissue paper industry. However, it can also create uncertainties in the market, making it challenging for companies to forecast and manage their operations effectively.
Technological advancements
Due to their ability to enhance efficiency, increase production capacity, and improve product quality, the market is growing rapidly. Innovations such as automation, robotics, and advanced control systems have revolutionized the tissue paper converting industry by streamlining processes and reducing labor costs. Additionally, advancements in materials science have led to the development of more durable and sustainable materials for tissue paper production, further driving demand for modern converting machines capable of handling these materials efficiently.
Competition from substitutes
Substitutes, such as alternative materials or methods for tissue production and conversion, pose a threat to the market by offering comparable or even superior solutions to end-users. For instance, the increasing popularity of electronic communication and digital media has led to a decline in the use of paper products, impacting the demand for tissue paper and, consequently, the need for converting machines. Innovations in sustainable materials or hygiene products might divert consumer preferences away from traditional tissue paper, further intensifying competition. To mitigate this restraint, companies in the tissue paper converting machine market need to focus on innovation, cost-efficiency, and sustainability to maintain their competitive edge and adapt to changing market dynamics effectively.
Initially, the market experienced disruptions in the supply chain due to lockdowns and restrictions on manufacturing activities, leading to delays in production and delivery of tissue paper converting machines. Additionally, the economic downturn caused by the pandemic resulted in decreased consumer spending, impacting the demand for tissue paper products and consequently affecting the market for converting machines. However, as hygiene awareness heightened amidst the pandemic, there was a surge in demand for tissue paper products, especially in healthcare and hygiene-sensitive sectors, leading to a rebound in the market.
The Kitchen Roll Converting Lines segment is expected to be the largest during the forecast period
Due to the rising demand for kitchen paper towels worldwide, driven by factors such as increased awareness of hygiene standards, convenience, and changing lifestyles. Kitchen Roll Converting Lines segment is expected to be the largest during the forecast period. The efficiency and automation offered by modern converting machines make them indispensable for manufacturers looking to meet this demand effectively. Moreover, these converting lines enable efficient production of kitchen rolls, which are essential in households and commercial spaces for various purposes like cleaning, wiping, and absorbing spills.
The Fully Automatic segment is expected to have the highest CAGR during the forecast period
Fully Automatic segment is expected to have the highest CAGR during the forecast period. The Fully Automatic segment is revolutionizing the Tissue Paper Converting Machines Market by offering unparalleled efficiency and productivity. These machines are equipped with advanced features such as automatic feeding, cutting, folding, and packaging, minimizing the need for manual intervention. Manufacturers can increase their production capacity while reducing labor costs and errors. The integration of technologies like IoT and AI further enhances operational performance, enabling real-time monitoring and predictive maintenance.
Asia Pacific region commanded the largest share throughout the extrapolated period. The rise of e-commerce platforms has made tissue paper products more accessible to consumers, contributing to increased demand for tissue paper converting machines to meet the production requirements of online retail channels in the region. Government regulations promoting hygiene and sanitation, along with initiatives encouraging the use of recycled materials, influence the tissue paper converting machines market by shaping demand patterns and production practices. These elements are boosting the regional growth.
Europe region is projected to witness profitable growth throughout the extrapolated period. With increasing awareness of environmental concerns and the detrimental impacts of traditional manufacturing processes, industries are swiftly transitioning towards greener alternatives. In this region, converting machines are being reengineered to accommodate eco-friendly materials, such as recycled fibers, and to optimize energy efficiency during production. Additionally, innovations in machine design are focusing on reducing waste generation and minimizing carbon footprints throughout the manufacturing process.
Key players in the market
Some of the key players in Tissue Paper Converting Machines market include Baosuo Paper Machinery Manufacture Co., Ltd, Fabio Perini S.p.A, Peixin Interantional Group, STAX Technologies, Unimax Group, United Converting S.R.L., Bretting Manufacturing Co., Inc and Chan Li Machinery Co., Ltd.
In November 2022, Stax Technologies, a global strategy consulting firm specializing in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, announced today its expansion to London with the acquisition of AMR International.
In February 2022, UniMax announced the world's first augmented-reality head-up display (AR HUD) with mirror-array vision extender (MAVE) technology, a revolutionary new method of displaying real-time information on automobile windshields that is smaller, cheaper and more energy efficient than competitor products.