Paper Slitting Machine Market Size to Reach $548.6 million by 2027; Rising R&D to Enhance Production Process will Drive Growth

The global paper slitting machine market size is projected to reach USD 548.6 million by 2027. It is likely to gain impetus from the increasing research and development activities conducted by several paper slitting machine manufacturers to reduce the waste generated by them and to enhance the production process. Fortune Business Insights™ provided this information in a recent report, titled, “Paper Slitting Machine Market Size, Share & Industry Analysis, By Blade Type (Razor Blade, Shear Blade, and Air Score Blade), By Technology (Manual, Semi-Automatic, and Fully Automatic) and Regional Forecast, 2020-2027.” The report further mentions that the global market stood at USD 417.4 million in 2019. However, it is set to exhibit a CAGR of 3.5% during the forecast period between 2020 to 2027.

Packaging Films Uses Two of Kampf’s Paper Slitting Machine

In October 2017, Packaging Films Pvt Ltd., a prominent manufacturer of cast films based in Lahore, announced that it is presently running two slitters from Kampf, a provider of slitting and rewinding machinery headquartered in Windsor. The company is using Kampf’s Universal 89/12 BOPP, a primary slitter, as well as a Unislit II 630 slitter for metallised film.

The company planned to broaden its product portfolio after experiencing high demand for packaging materials from Northern Pakistan. To cater to the growing demand, it invested hefty amounts of money in approximately slitting equipment and 8.7 million wide biaxially-oriented polypropylene (BOPP) line. These are to be equipped in the new production site, including two high capacity winding and roll slitting machines- all from Kampf.

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https://www.fortunebusinessinsights.com/paper-slitting-machine-market-102919

Increasing Installation of Advanced Paper Slitting Machine to Aid Growth

Several companies are nowadays installing technologically advanced paper slitting machines to surge productivity. These latest machines are capable of providing the manufacturers with a large number of benefits, such as high degree of turrets, accuracy, enhance quality of wind, and increased safety. They are also fully automatic. Apart from that, manufacturers are striving persistently to develop unique machines to support making a variety of paper to better serve the changing consumer requirements. However, the outbreak of Covid-19 pandemic may pose a threat to the paper slitting machine market growth during the forthcoming years as it has severely affected the global economy.

Key Players Focus on Investment Strategy to Surge Productivity

The market houses numerous small, big, and medium companies that are present throughout the globe. They are currently trying to develop new technologies to satisfy the changing demand of the consumers. Some of them are also investing in buying new machines from industry giants to increase productivity.

Fortune Business Insights™ lists out the names of all companies present in the slitting machines market. They are as follows:

• Parkland Machines Ltd (England)
• ASHE Converting Equipment (England)
• SOMA (Czech Republic)
• ATLAS CONVERTING EQUIPMENT LT (United Kingdom)
• GOEBEL Schneid und Wickelsysteme GmbH (Germany)
• Kampf Schneid- und Wickeltechnik GmbH & Co. KG (Germany)
• Euromac S.r.l. (Italy)
• Parkinson Technologies, Inc (United States)
• Pasquato cutting machines (ITALY)
• Universal Converting Equipment (United Kingdom)

A Noteworthy Industry Development-

• November 2017: Skymark, a well-known flexible packaging manufacturer based in the U.K., invested considerable amount in the purchase of Universal X6lp paper slitter machine from Universal Converting Equipment, a leading supplier of these machine headquartered in the U.K. The machine is meant for manufacturing hygiene and personal care products.

Further Report Findings-

• In terms of blade type, the razor blade segment generated 31.9% market share in 2019.
• The shear blade segment is set to showcase high growth because of their increasing usage worldwide as they provide high accuracy during the cutting process.
• Asia Pacific held USD 196.5 million in terms of revenue in 2019 on account of the major contributions of densely populated countries, such as India and China. These countries house several paper splitting machines manufacturing companies.

The global market can be segmented in the following way: