The Paper Drying Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Paper Drying Systems Global Market Report 2024, The paper drying systems market size has grown strongly in recent years. It will grow from $5.39 billion in 2023 to $5.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in paper and pulp industry, stringent environmental regulations..
The paper drying systems market size is expected to see steady growth in the next few years. It will grow to $6.9 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainable manufacturing practices, increased focus on energy efficiency, global expansion of packaging industry.. Major trends in the forecast period include development of non-contact drying techniques, utilization of microwave drying, enhanced monitoring and diagnostics with iiot, application of computational fluid dynamics (cfd), strategic focus on environmental compliance, technological upgrades in paper manufacturing..
The increasing demand for paper drying systems in the food and beverage industry is expected to propel the growth of the paper drying systems market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food. Paper drying systems are used for various drying methods to preserve and enhance the quality of food and beverage products. For instance, in 2023, according to the Food & Drink Federation, a UK-based organization representing and advising UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 31% in 2022 to $10.18 billion (£8.1 billion). Additionally, in the same year, food and beverage turnover accounted for $12.5 billion (£10.3 billion), or 33% of total Scottish manufacturing. Therefore, increasing demand for paper drying systems in the food and beverage industry is driving the growth of the paper drying systems market.
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The paper drying systems market covered in this report is segmented –
1) By System Type: Blow Through Systems, Thermocompressor Based, Cascade Type, Trap Based System Drying
2) By Drying Method: Multi-Cylinder Dryers, Flakt Dryers, Steam Heated Cylinders, Single-Tier Dryers
3) By Dryer: Rolling Bed Dryers, Conduction Dryers, Convection Dryers, Air Dryers, Other Dryers
4) By Application: Paper And Pulp, Packaging, Food And Beverage, Other Applications
Major companies operating in the paper drying systems market are focusing on developing innovative approach, digital twin’ approach to sustain their position in the market. The digital twin approach is a concept that involves creating a digital representation of a physical product, system, or process. This process is a virtual representation of the drying system created using a ‘digital twin’ approach. For instance, in October 2022, Smurfit Kappa Group plc, an Ireland-based paper-based packaging manufacturing company, introduced a new drying process at its UK paper mill. It results in a 6% decrease in steam energy consumption and a 5% reduction in total CO2 emissions. This is expected to replace the current energy-intensive paper drying process, considered the most energy-intensive aspect of manufacturing paper. Additionally, the advanced process aims to reduce costs and achieve a net-zero target.
The paper drying systems market report table of contents includes:
1. Executive Summary
2. Paper Drying Systems Market Characteristics
3. Paper Drying Systems Market Trends And Strategies
4. Paper Drying Systems Market – Macro Economic Scenario
…
32. Global Paper Drying Systems Market Competitive Benchmarking
33. Global Paper Drying Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Paper Drying Systems Market
35. Paper Drying Systems Market Future Outlook and Potential Analysis
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