Global paper converting machine market 2016-2020

27 October 2016

According to a new report by Technavio, the global paper converting machine market is expected to grow at a CAGR of close to 4% during the forecast period 2016-2020.The market by paperboard was valued at around $13 billion in 2015 and will grow at a CAGR of more than 3%. Paperboards are thicker than normal paper to maintain the weight-to-area ratio and are categorized as single ply or multiply. Containerboards were the most widely used type of paperboard in terms of volume. Paperboard packaging is extensively used in various industries including food and beverage, durable goods, non-durable goods, pharmaceutical and industrial and machineries (Press Release Technavio, 5 October 2016).
Click here for the press release.
Click here for more information about the report.
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