Displaying items by tag: future market insights
Worldwide sales of tissue paper converting machines reached ~3 thousand units in 2018, unveils the new research study. According to the report, the tissue paper converting machines market is estimated to grow by ~5% YOY in 2019, primarily influenced by recent technologies for enhancing tissue paper formats. According to report, increasing focus on strength, printing and embossing quality, and production cost-effectiveness of tissue paper is contributing to the build-up of tissue paper converting machines market through 2027.
“In 2018, Gambini launched AirMill, the innovative technology that enhances the embossing technology and transformed the conventional tissue paper into increasing volume and good absorbency without compromising its tensile strength. Consumer proclivity for soft and high absorption quality tissue paper, combined with good strength and compact format, will also continue to provide a fillip to the sales of tissue paper converting machines in 2019 and beyond.”
Companies Investing Heavily in Capacity Expansion of Tissue Paper Products
As per study analysis, the consumption of tissue paper in last three years has rapidly increased owing to the growing concern around hygiene maintenance. As tissue paper is used for one time only, it helps to prevent chronic disease spread. This creates a huge opportunity for tissue paper key players. The tissue paper manufacturers have started investing in capacity expansion and quality management.
- On 27 November 2018, Cascade Inc. invested US$ 58 million to modernize tissue converting capacity at its Wagram, NC plant.
- In 2018, Metsa Tissue, replaced its old machines with an increased capacity machine having production capacity of 10,000 Tones. In order to deal with the growing demand of tissue paper in West European region, the company started new away-from-home, converting lines at its Germany plant.
Implementation of Hybrid Technology in Industries Creating New Opportunities
In order to deal with market competition, key players are laying maximum focus on developing innovative and integrated technologies of tissue paper converting machines. In 2018, Gambini S.p.A. one of the leading manufacturers of converting machineries, introduced Gambini for You (G4U) – Pilot Line along with the strategic partner AirMil. This consists of a pilot line from the unwinders to the log saw with the format 2.8m and speed up to 550 m/min. Moreover, Fabio Perini S.p.A. recently launched MyPerini, a complete range of converting and packaging line for tissue papers.
Toilet Roll Converting Machine Lines Gaining More Traction
Tissue paper converting machines. The key players can skip the use of rewinding of logs using advanced toilet tissue paper converting lines. It is witness that the demand for toilet tissue paper is growing significantly in Asia Pacific and North American regions. As per the report, the global sales of toilet roll converting machines poised to reach ~2 thousand units in 2019. Following this, the demand for kitchen roll converting machines is estimated to shoot up by the end of 2027, as the European consumers have a higher demand for kitchen tissue paper in consumer and hospitality sectors.
The modern converting machines maintains the embossing and printing quality during tissue paper formatting. The sales of folded tissue paper converting machine lines will continue to remain less, reveals the study. Owing to an increasing preference of pocket tissue papers, the demand for paper napkin converting machines is expected to be bearish during 2019-2027. The market share for standalone machines will remain constant due to increasing preference of integrated technology based machineries.
These insights are based on a report on Tissue Paper Converting Machines Market by Future Market Insights.
Worldwide sales of paper bags reached ~3 million tons in 2018, unveils the new research study. According to the report, the paper bags market is estimated to grow by ~4% YOY in 2019, primarily influenced by the recent reforms in the global paper packaging landscape.
According to the report, increasing focus on environment-friendly and cost-effective packaging formats are contributing to the build-up of paper bags market through 2029. Consumer preference for sustainable packaging which is easy to handle and has good strength, will also continue to provide a fillip to the sales of paper bags in 2019 and beyond.
Bags usually manufactured from kraft papers are playing a vital role in modern lifestyle. Additionally, consumer preference for paper bags is increasing, owing to its several benefits such as cost efficiency, easy usage, and eco-friendly packaging.
According to Study, increasing number of supermarkets and retail shops is expected to bolster the sales of paper bags across the world. In 2018, the pinched bottom open mouth paper bag witnessed maximum sales of ~900 thousand tons. The demand for these paper bags is estimated to shoot up by the end of 2029, as they are great for reducing infestation and act as good moisture barriers. The user friendly formats, and sizes are propelling exponential demand for paper bags among end users. The paper bags are further garnering significant traction as sustainable packaging solution that ensure biodegradability and ease of disposal.
Study also came to the conclusion that the brown kraft paper bags are dominating the other paper bags, owing to less bleached content. The brown kraft paper bags are manufactured from natural paper and hence these paper bags helps to avoid contamination due to bleaching chemicals.
Market Players to Make Two-Fold Investments in Asia Pacific
According to the study, growth opportunities for the paper bags market players are picking pace in Asia Pacific, owing to profound growth of the industrial ecosystems in region such as food & beverages, pharmaceutical, and others. The paper bags are considered as good food contact material. As paper bags are made up of natural material, no toxics are released when food articles are packed. The APEJ paper bags market offer lucrative opportunities for manufacturers, as it is home to some of the world’s fastest growing industries.
- For instance, the retail sector in India has been driven largely by the huge size of the population base, an affluent and growing middle class, rapid urbanization rate, and growing penetration of the internet and online retail services.
The region has witnessed increasing penetration of modern retail format, which is expected to play a significant role in boosting the APEJ paper bags market.
Due to increasing consumption of paper bags in Asia Pacific region, key players from other region started investing in this market. For instance,
- In 2018, a Canada based paper manufacturer Catalyst Paper is investing in Indian paper bags and the kraft market with the partnership of OTCL Delhi.
Report’s business intelligence also underlines groundbreaking insights into the competitive scenario of paper bags market along with highlights of the manufacturers’ differential strategies. Key players in the paper bags market will continue to draw upon the global sustainability drive by including ‘green’ offerings in their existing portfolios, which is likely to help them enhance customer confidence.
- For instance, in 2019, The Mondi Group Plc. did a partnership with REWE Group in Austria for introducing sustainable packaging solution for food packaging.
This study underlines key opportunities in the paper bags market and finds that the market would exhibit growth at a value CAGR of ~4% during forecast period.
These insights are based on a report on Paper Bags Market by Future Market Insights.