The report forecasts the global paper converting machine market to grow at a CAGR of 3.5% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Paper converting machine application solution Introduction of laser technology will be a key trend for market growth. Laser is increasingly used in non-metal industrial applications, such as flexible packaging, wrapping and packaging, printing covers, visual arts, book covers, and album making.
According to the report, rise in literacy levels will be a key driver for market growth. Industrialization and economic prosperity directly influence the literacy rate of a region. Globally, the literacy rate among youth (aged 15-19) is the highest among other age groups, and this translates into overall high literacy rate in the future. For instance, in 2015, the literacy rate among the global youth population was 85%, when compared with less than 80% in the 1980s.
Further, the report states that The paper industry faces a stringent regulatory challenge from forest departments as paper is produces from wood, which is acquired from forestland. The forest industry has to meet global and national regulations, withstand pressure from NGOs, and overcome operational risks associated with community unrest in less stable operating areas.
Paper Converting Machine Company
Mitsubishi Heavy Industries Printing & Packaging Machinery