According to Fact.MR, a market research and competitive intelligence provider, Europe paper refiner market is estimated at US$ 137 million in 2023 and is expected to expand at an impressive CAGR of 3.5% during the forecast years of 2023-2033.
Paper is an undetachable part of human life, this leads to an increase the paper consumption across European countries. In addition, the growing purchasing power changed the consumer preference towards environment-friendly objects which elevate the demand for paper packaging in the market. Hence, the rising demand for paper packaging over other packaging materials will uplift the paper refiner market growth over the assessment period.
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Furthermore, the rising focus on technological advancement in the paper refiner market garb the attention of paper manufacturers owing to ease of production and cost-consuming factor. Thus, product development and technological advancement in the paper refiner market will propel its adoption in Europe. The strict government action regarding the ban on plastic bags has forced the European population to adopt paper bags over plastic bags. In addition, the growing trend of shopping in designable paper bags is also one of the key factors behind the growth of the paper refiner market.
The European government has also taking efforts to reduce the use of thermocol for the packaging of electronic goods. As paperboard is the most suitable option for the packaging of digital and electronic objects will further expand the production of paper and will spur the adoption of paper refiners over the projected period.
Key Takeaways from Market Study
- The Europe paper refiner market is projected to expand at an impressive CAGR of 3.5% and be valued at US$ 193 million by 2033.
- The market witnessed 3.7% CAGR for the period of 2018-2022.
- Under capacity type, up to 40 TPD segment is estimated to grow with a CAGR of 3.8% during the period 2023 to 2033.
- Germany is expected to dominate the market with 25% market share in 2023.
- Based on country, the demand for paper refiner is expected to increase at CAGRs of 2.3% and 3.1%, respectively, in UK and Nordics.
|Market Size (2022)||US$ 132 Million|
|Estimated Market Value (2023)||US$ 137 Million|
|Forecasted Market Value (2033)||US$ 193 Million|
|Europe Market Growth Rate (2023-2033)||3.5% CAGR|
|Germany Market Share (2022)||~ 26%|
|United Kingdom Market Growth Rate (2023-2033)||~ 2.3% CAGR|
|Market Share of Top 5 Companies||~ 22.8%|
“Ban on Micro Plastic Use by Government Will Generate Huge Growth Opportunities for the Paper Refiner Market’’
Also, the outbreak of Covid-19 has forced consumers to use tissue paper to maintain health and hygiene because of this, paper is also being widely used in cleaning and sanitation. This indicates the growing demand for paper in the healthcare sector which will create a plethora of opportunities for the paper refiner market players over the forecast period.
Major Players of Industry
- Parason Group
- Matech paper
- Bruno Industrial
Paper refiner manufacturers showed drastic investment in the acquisition, merger, partnership, and product development to enhance the manufacturing facility and product sale. For instance, Parsons acquired the Xator corporation in order to amplify critical infrastructure protection and biometric capabilities. This acquisition will help to increase the Parson revenue growth. Additionally, technical advancement in a product is also one of the key focusing areas of the market players.
Fact.MR analysis suggests that the adoption of an online sales channel will help in product development by reducing time and cost which will further support the revenue generation of the company.
- By Capacity :
- Less than 20 TPD
- Up to 40 TPD
- Up to 60 TPD
- More than 60 TPD
- By End User :
- Paper Recycling Companies
- Paper Production Companies
- Pulp Production companies
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the Europe paper refiner market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of capacity (Less than 20 TPD, Upto 40 TPD, Upto 60 TPD, More than 60 TPD), End User (Paper Recycling Companies, Paper Production Companies, Pulp Production companies) across major countries of Europe (Germany, France, UK, BENELUX, Nordics, Italy, Spain, rest of Europe).