The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company's Pulp And Paper Machinery Global Market Report 2023 identifies the growing printing industry is expected to propel the growth of the pulp and paper machinery market. Pulp and paper machinery is used to rapidly and massively produce paper for printing purposes, as well as to create a continuous paper web by filtering out the fibres stored in paper stock.
The global pulp and paper machinery market size grew from $557.64 billion in 2022 to $588.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The pulp and paper machinery market size is expected to grow to $695.79 billion in 2027 at a CAGR of 4.3%.
Major competitors in the pulp and paper machinery market are Bosch Rexroth AG, Andritz AG, Samarth Paper Machinery Private Limited, Kugler-Womako GmbH, Metso Oyj, Voith Paper Holding GmbH & Co. KG, Valmet Oyj, Somas Instrument AB, Hardayal Engineering Works Pvt Ltd., Zhengzhou Leizhan Technology Paper Machinery Co. Ltd., Cutes Corporation, Stora Enso Oyj, Toscotec SPA, Parason Machinery (India) Private Limited, and JMC Paper Tech Pvt. Ltd.
Technological innovation is a key trend gaining popularity in the pulp and paper machinery market. Major companies operating in the pulp and paper machinery market are focused on integrating technologies to increase production speed to obtain real-time data.