Paper and Board Technologies Market Size (2024 - 2029)

Paper & Board Technologies Market Analysis

The Paper and Board Technologies Market is expected to register a CAGR of 7.8% during the forecast period 2022 to 2027. In the last decade, the pace of change in the industry has accelerated, with more and more frequent technological disruptions outpacing development. Paper and Board products have played a crucial role for customers during the COVID-19 pandemic. For example, as consumers transitioned to work from home, corrugated board packaging was extensively used for e-commerce packaging.

• During the last decade, paper and board industry players focused heavily on a forced restructuring of the pulp and paper industry, with asset closures and mill conversions. A decline in demand is some types of paper, such as graphic paper, prompted paper and board market players to shift their assets into packaging and tissue capacity. To manage this phase of forced restructuring, many global diversified pulp and paper corporations were also engaged in divesting adjacent business sectors and exiting some geographies to focus back on their core businesses.
• The paper and board industry is expected to witness a transformational change characterized by the wave of industry technology disruption, such as digital and analytics, coupled with an increasing focus on sustainability. Unlike other packaging industry products, demand for paper and board packaging products is structurally increasing; therefore, the next level of disruption is anticipated to involve an increase in productivity and output along with the sustainability-led transformation.
• Digital and analytics are able to offer the next transformation in the industry. Using these advanced technologies, companies can improve productivity and throughput by more than 10% to 15%, representing considerable gains on traditional cost-curve differences between many market players or individual mills and machines. These technologies can be further extended to optimize the end-to-end value chain, from fiber (forest or recycled) to the final product, in order to harness the complete value of the data along the supply chain.
• Digitalization in the industry has been accelerated by the COVID-19 pandemic, which exposed a requirement for more resilience and transparency across the paper and board packaging value chain. This development is anticipated to lead to greater use of artificial intelligence (AI) to monitor cost efficiency and productivity and track processes in real-time.
• Several brands and converters were already experimenting with radio-frequency identification (RFID) and near-field communications (NFC) for intelligent packaging applications before the COVID-19 pandemic struck. Industrial RFID tags have become more popular owing to the advantages it provides, such as reducing shipping errors, improving security, and validating raw materials and finished goods., among others.

Paper & Board Technologies Industry Segmentation

Paper and Board Technologies refer to the machineries, processes, products, services, and advanced technologies used throughout the value chain of the paper and board packaging market. The study's scope considers hardware and software solutions for different applications in the industry globally.

The Paper and Board Technologies Market is Segmented by Product Type (Containerboard, Cartonboard, Wrapping Paper, Tissue), by Application (Production Lines and Machine Sections, Automation, Printing, Services), and by Geography.