|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 18.74 Billion||USD 29.71 Billion||5.94%||2022|
Paper Cushion Machines Market
The global paper cushion machines market size was evaluated at $18.74 billion in 2022 and is slated to hit $29.71 billion by the end of 2030 with a CAGR of nearly 5.94% between 2023 and 2030.
Machines make use of paper cushions for cushioning products during logistics & transport activities. Furthermore, paper strips are twisted with the help of paper cushion equipment for creating pillows of paper. Reportedly, paper cushion machines perform manual, semi-automatic, and automatic operations. In addition to this, paper is used for sealed containers as cushion products. Apart from this, various firms transport product quantities in huge volumes from one location to destination and this requires high product security. For the record, paper cushions are used to prevent goods from breaking. With cushions made up of paper, paper cushioning systems have proved to be the most cost-efficient packaging solutions.
Escalating use of products in various end-use sectors to steer the global market trends
Large-scale demand for paper cushion systems in automotive, electrical & electronics, and food & beverages sectors will steer the expansion of the paper cushion machines market across the globe. Moreover, the paper cushion bags used for packaging are manufactured by making use of paper cushion machines and they are utilized for packing food products such as pasta, sugar, rice, and cereals. New product launches are likely to contribute majorly towards the global market size. For instance, in the first half of 2019, Storopack, a Germany-based packaging firm, launched a new paper cushion system for those applications that require secure packaging material and high throughput. All such strategic moves will boost the global market trends.
Moreover, the ban on the use of single-use plastic for packaging purposes to reduce the landfills in various countries has culminated in huge demand for the use of paper as a packaging material. This has resulted in many firms opting for paper as a packaging material, thereby paving the way for humongous growth of the global paper cushion machines market. Moreover, the plastic ban has generated massive revenues for the companies who are in the paper manufacturing business that is used in packaging goods. Citing an instance, Pixelle Specialty Solutions, a key manufacturer of specialty papers in North America, introduced new barrier paper solutions as a sustainable option for plastic packaging. Such moves will augment the revenue of the global market.
Huge maintenance costs can impede the global industry expansion over 2023-2030
High costs of maintenance can hinder the global paper cushion machines industry expansion over the forecast period. Furthermore, the lack of expertise witnessed in the use of paper cushion machines for paper packaging can further hamper the demand for paper cushion machines. Fluctuating costs of raw components used in the production of paper cushion machines due to supply chain disruptions can pose a big threat to global industry growth.
The immense demand for paper cushion machines in the fashion sector will generate new growth opportunities for the global market
Escalating product demand in the fashion industry will open new avenues of growth for the paper cushion machines market across the globe. In addition to this, the paper cushion machines are user-friendly & cost-effective and these features have enhanced their popularity in the packaging sector. Apart from this, other beneficial characteristics of the product include low noise, less power usage, reproducible torque, automated halt, and high precision which have prompted its demand, thereby helping the market across the globe to explore new growth horizons.
Easy access to substitute products can challenge the expansion of the global industry in the coming years
Easy availability of other products such as air cushion machines at reduced costs can prove to be a huge challenge for the global paper cushion machines industry over the assessment timeline.
The global paper cushion machines market is sectored into type, application, and region.
In type terms, the global paper cushion machines market is segregated into manual paper cushion machines and automatic paper cushion machines segments. In addition to this, the automatic paper cushion machines segment, which garnered nearly two-thirds of the global market share in 2022, is projected to record the fastest growth rate in the ensuing years. The growth of the segment in the upcoming years can be subject to the large-scale demand for automatic paper cushion machines for constructing paper cushions as packaging material for various goods & logistics that are to be transported from one place to another.
Based on application, the global paper cushion machines industry is bifurcated into e-commerce, electronics, automotive, industrial, and others segments. In addition to this, the e-commerce segment, which accounted sizably for the global industry share in 2022, is projected to retain its number one position in the global industry in the upcoming years. The segmental expansion over the assessment timeframe can be a result of a rise in the demand for paper cushion machines in e-commerce activities such as paper packaging of consumer goods sold through e-commerce websites.
|Report Attributes||Report Details|
|Report Name||Paper Cushion Machines Market|
|Market Size in 2022||USD 18.74 Billion|
|Market Forecast in 2030||USD 29.71 Billion|
|Growth Rate||CAGR of 5.94%|
|Number of Pages||225|
|Key Companies Covered||Protega Global, Sealed Air Corporation, Pregis, Hexcel, and Papier Sprick.|
|Segments Covered||By Type, By Application, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America is likely to establish a dominant position in the global market over the forecast timeline
North America, which accounted for half of the global paper cushion machines market share in 2022, will be the leading region during the assessment timeline. Moreover, the expansion of the regional market over the anticipated timeframe can be owing to a rise in the product demand in the automotive, electronic, and industrial sectors. Apart from this, rapid urbanization and the presence of key players in the region will steer the growth of the market in the region. Swift industrial development in countries such as the U.S. and Canada will embellish the regional market trends.
The Asia-Pacific paper cushion machines industry is set to register the highest CAGR in the next couple of years owing to the massive product penetration in countries such as emerging economies such as India and China with its use in the thriving e-commerce sector as well as fashion industry. Apart from this, rise in the awareness about green products among people has enhanced the preference for the products in recent years.
The global paper cushion machines market profiles key players such as:
Machines make use of paper cushions for cushioning products during logistics & transport activities. Furthermore, paper strips are twisted with the help of paper cushion equipment for creating pillows of paper. Reportedly, paper cushion machines perform manual, semi-automatic, and automatic operations.
The global paper cushion machines market growth is owing to the use of paper cushion bags for packaging food products such as pasta, sugar, rice, and cereals.
According to a study, the global paper cushion machines industry size was $18.97 billion in 2022 and is projected to reach $27.48 billion by the end of 2030.
The global paper cushion machines market is anticipated to record a CAGR of nearly 5.94% from 2023 to 2030.
The Asia-Pacific paper cushion machines industry is set to register the highest CAGR over the forecasting timeline owing to the massive product penetration in countries such as emerging economies such as India and China with its use in the thriving e-commerce sector as well as the fashion industry.
The global paper cushion machines market is led by players such as Protega Global, Sealed Air Corporation, Pregis, Hexcel, and Papier Sprick.
The paper cushion machines market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.