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, 2032

The global paper slitting machine market size stood at USD 417.4 million in 2019 and is projected to reach USD 683.7 million by 2032, exhibiting a CAGR of 3.6% during the forecast period. The Asia Pacific dominated the paper slitting machine market with a share of 47.08% in 2019.

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.

LATEST TRENDS

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.

DRIVING FACTORS

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.

RESTRAINING FACTORS

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.

SEGMENTATION

By Blade Type Analysis

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.

By Technology Analysis

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.

REGIONAL INSIGHTS

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 INDUSTRY PLAYERS

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.

List of Key Companies Profiled:

• 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)

KEY INDUSTRY DEVELOPMENTS:

• October 2019: ATLAS CONVERTING EQUIPMENT LT introduced a new Titan ER610-DT compact dual turret paper slitter. This comes after a heavy investment of multi million pounds in the duration of 3 years in R&D. Titan ER610-DT has a processing web width up to 1650 mm and speed up to 600 m/min.


• November 2017: Skymark, a U.K.-based flexible packaging manufacturer invested in the purchase of Universal X6lp paper slitter machine from Universal Converting Equipment. This investment was made by the company to expand its production capabilities in its hygiene and personal care products.

REPORT COVERAGE

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.

Report Scope & Segmentation