Global Converting Paper Market was valued US$ 358.15 Bn in 2017 and is expected to reach US$ 439.45 Bn by 2026, at a CAGR of around 2.3 % during a forecast period.
According to the latest market report published by Research Report Insights (RRI) titled “Tissue Paper Converting Machines Market by 2027,” Toilet rolls tissue paper converting machines segmentis expected to be the largest contributor to the global tissue paper converting machines market over the forecast period, 2017-2027.Globally, the revenue generated from sales of tissue paper converting machines has been estimated to be around US$ 1,123.8Mnin 2016, and is projected to increase at a CAGR of 5.0% during forecast period 2017-2027.The globally rising urban population and increasing concern among the consumers regarding proper hygiene has propelled the market for tissue paper products.
This inclination in the demand of tissue paper products has been recognised by the tissue paper converting firms across the globe.
This has led to the expansion in the production capacity of multinational tissue paper products manufacturers by either adding machinery to the manufacturing facility or by acquiring the emerging small and regional tissue converting companies.
The trend among tissue paper converting firms to expand the production capacity to meet the increasing demand of tissue paper products has fuelled the tissue paper converting machines market.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114938/Tissue-Paper-Converting-Machines-MarketDue to rapid expansion of global tissue paper products production capacity, the required production capacity to meet the global demand of tissue paper products has reached to around 80% of the present production capacity.
Thus, a large portion of tissue paper converting machines demand in the region is served by low cost machines produced by regional players.
This fact has restrained the global revenue generated by the tissue paper converting machines market.Industry 4.0, which is the wireless connectivity among various machinery in the production line with the help of technology such as internet of things (IOT), cognitive computing, cyber-physical systems and others, is the trend impacting the tissue paper converting machines market players across the globe.