"Catapult Your Business to Fore, Gain Competitive Advantage "
The global paper slitting machine market size stood at USD 417.4 million in 2019 and is projected to reach USD 548.6 million by 2027, exhibiting a CAGR of 3.5% during the forecast period.
The increasing automation and digitalization of paper slitting machine required for high degree of accuracy is attributing to the growth of this market. These machines are primarily installed at the paper production industries and packaging industry. They are used to slit papers for various purposes based on the requirement, for instance, notebook paper, tissue paper, construction paper, paper boards, paper napkins, paper rolls, magazine, bags, labels, sticker etc. Moreover, several advantages of this machine such as winding, rewinding, and roll handling are supporting the product demand.
Request a Free sample to learn more about this report.
Rising Installation of Automatic Paper Slitting Machine is a Prominent Trend
The market is transforming with the increased requirement from the demand side, which is resulting the companies to install advanced paper slitting machines for increasing productivity. These new machines are fully automatic and provide multiple benefits to the manufacturers such as enhanced safety, wind quality, high degree of accuracy, and turrets. With the variable requirements from the customers, companies are also developing new systems with these advanced technologies to support a variety of paper quality and thus enhancing the customer satisfaction. Furthermore, the installation of automatic machine has variably increased the initial cost of capital to the company. But in the prolonged period, the companies are projected to increase their return on investment. The installation of these automatic machines will increase the company’s’ production capacity, reduce labor cost, lower down time, along with variability of options in the types of products.
Increasing R&D and Digitalization of Paper Slitting Machine and Industries to Boost Growth
The key manufacturers are opting for automated solution that increases productivity and results in high efficiency. Manufacturers have increased research and development process in order to enhance the production process of the paper slitting machines. This will not just increase the output but will also reduce the waste generated by the machines, hence would reduce the cost of the company. Furthermore, digitalization of the production process has also increased the productivity of the company. The companies are shifting towards continuous manufacturing with the help of digitalization which includes continuous flow of information through various phases such as procurement, manufacturing, warehousing, and distribution. This has made the manufacturers to effectively produce a variety of products from the same machine. Hence, they are now able to minimize the latency period of these machines along with catering to the variable demand of a variety of products.
Additionally, the market players are also working on reducing the energy consumption of the machines by increasing digitalization and production capacity. This would aid them to sell their products at regions that have requirements of high quality machines such as Europe and North America. Although all these advancements and technological adoptions are at a nascent stage, the drift in the market is expected to propel the growth of this market globally.
Stringent Government Regulations and Uncertainty in the Global Trade to Hinder Growth
The recent outbreak of COVID-19 pandemic is anticipated to hamper the market growth over the coming years. The governments have reduced the global trade of non-essential products, thus limiting the sale of these machines across the regions or countries. Owing to the increasing spread of COVID-19, the governments are imposing stringent lockdowns in countries, which is slowing the overall economic conditions. This has impacted the new purchase decisions of organizations, thus hampering the paper slitting machine market growth.
To know how our report can help streamline your business, Speak to Analyst
Shear Blades Segment to Hold Highest Market Share in the Forecast Period
On the basis of blade type, the global market is segmented into razor blade, shear blade, and air score blade.
The shear blade segment is projected to have the highest market growth due to the high accuracy of the cutting process. Owing to its high accuracy, majority of the manufacturers install shear blade system, making them the most widely adopted type of blades. These blades very often get cracks & defects and also can be sharpened several times before flattening.
Moreover, the razor blade segment is expected to exhibit moderate market growth, as these blades are of low cost and thus are highly installed by the Chinese players. These blades are very easy to set up. Hence, they are often installed in those machines that are used to manufacture different types of paper products. Furthermore, the air score blade is anticipated to experience sluggish growth with respect to the other types of blades, as these units have softer materials and are also very difficult to set up as compared to others.
Fully Automatic Technology Segment to Exhibit Significant Growth Rate in the Near Future
By technology, the global market is fragmented into manual, semi-automatic, and fully automatic sub-segment.
The fully automatic segment is expected to depict the maximum market growth owing to their high degree of accuracy which cannot be achieved by the other two types of machines. Automatic machines aid the companies to adopt digitalized manufacturing process. Hence, the manufacturers are expected to shift to the automated machines in the coming years. These machines are installed with latest technologies, for instance, PLC’s (programmable logic controllers) for enhanced process control and safety.
Furthermore, the semi-automatic segment held the major share during the initial period of the study, which is owed to the high reliability of the workers on these machines. The companies also look for machines which are more user-friendly. But with the changing environment, the companies will gradually shift towards the automatic machines. Hence, in the coming years, the share of semi-automatic machines is expected to decline slowly. The manual segment holds the smallest portion of the market, which is attributable to their adoption by small enterprises. These enterprises lack in capital investments; hence they obligatorily rely on manual paper slitting machine.
Asia Pacific Paper Slitting Machine Market Size, 2019 (USD Million)
To get more information on the regional analysis of this market, Request a Free sample
The paper slitting machine market is further categorized into 5 major regions, namely, North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Also, the region holds maximum share of the market, which is owed to the presence of two of the most densely populated countries that is China and India. This region attracts manufacturers for its lower capital cost and labor cost, along with being a major consumer for a variety of paper products. China itself possesses a dominant share in the global market. This is owed to its cheaper machines, along with the high production capacity at lower cost, which enables it to export a lot more than the other players in the market. Moreover, the increasing number of paper and paper board mills in the countries such as Japan, China, and India will elevate the demand over the forecast timeline.
Europe is expected to contribute a significant share in the global paper slitting machine market share, owing to the presence of majority of the key players in the region. This is also attributed to the increasing number of packaging industry in the region, which would yield an enhanced paper consumption. Besides, the government authorities in Europe are making large investments in the manufacturing projects. This is expected to somewhat strengthen the growth in this region. However, the recent outbreak of COVID-19 in the major European countries, such as Italy, France, the U.K., and Russia will hamper the market growth in 2020. Furthermore, North America is expected to observe moderate growth during the forecast period. This is owed to the shift of the manufacturing facilities and mills in the developing countries of China & India, along with the other regions.
The market in the Middle East & Africa and Latin America is projected to showcase slow growth owing to the slow pace of adoption of automated and digitized manufacturing processes. Moreover, both the regions will have minimal impact in the market value as they do not provide sufficient support to the paper related industries.
Key Players are Investing in R&D to Improvise the Product Quality and Portfolio
Key players in the global paper slitting machines market such as ASHE Converting Equipment, ATLAS CONVERTING EQUIPMENT LT, Kampf Schneid- und Wickeltechnik GmbH & Co. KG, Parkinson Technologies, Inc., and Universal Converting Equipment are increasing their investment in research and development for introducing new and latest technologies in the machines. This is in order to make the manufacturers adopt smart and advanced technology for efficient and high production capacity. Furthermore, the market is highly fragmented with small and emerging players offering this machine at the regional and local level. Thus, the quality of this machine and the latest technological adoption by the key players will differentiate their products in the market.
An Infographic Representation of Paper Slitting Machine Market
To get information on various segments, share your queries with us
The paper slitting machine market research report offers an elaborative analysis of numerous factors affecting the global slitting machine market for paper slitting. These include opportunities, growth drivers, threats, key industry developments, and restraints. In addition to this, it further helps in analyzing, segmenting, and defining the market based on different market segments such as blade type and technology. It strategically examines several strategies such as product innovations, mergers, alliances, joint ventures, and acquisitions adopted by players to gain a competitive edge in the market and attract high market revenue in the forecast duration.
Value (USD million)
By Blade Type
Fortune Business Insights says that the value of the market was USD 417.4 million in 2019
The market is projected to reach USD 548.6 million by 2027
The market will grow at a moderate rate of 3.5% CAGR.
Asia Pacific is expected to hold the largest share with a revenue generation of USD 196.5 million in 2019.
Shear blade segment is expected to be the leading segment in the market during the forecast period
Increasing R&D and digitalization of the machines and industries are the key market drivers.
ASHE Converting Equipment, Kampf Schneid- und Wickeltechnik GmbH & Co. KG, Parkinson Technologies, Inc., and Universal Converting Equipment are the top players in the market.
Asia Pacific is projected to hold the largest market shares, owing to the increasing number of manufacturing activities in the developing economies.
Fully automatic technology segment is expected to lead the market during the forecast period
Rising installation of automatic paper slitting machine is the current market trend.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry