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 observed in the historical period can be attributed to factors such as the expansion of the paper and pulp industry and the presence of stringent environmental regulations. The growth in these areas contributed to the demand for effective paper drying systems to meet industry standards and environmental compliance during the historic period.

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 anticipated growth in the forecast period can be attributed to the adoption of sustainable manufacturing practices, a heightened focus on energy efficiency, and the global expansion of the packaging industry. Major trends expected in the forecast period include the development of non-contact drying techniques, the utilization of microwave drying technologies, enhanced monitoring and diagnostics through Industrial Internet of Things (IIoT) applications, the application of computational fluid dynamics (CFD) in the drying process, a strategic focus on environmental compliance, and technological upgrades in paper manufacturing processes. These trends collectively contribute to the projected growth and advancements in paper drying systems in the forecasted period.

The anticipated surge in demand for paper drying systems within the food and beverage industry is forecasted to drive the growth of the paper drying systems market. The food and beverage sector encompass businesses engaged in handling, processing, packaging, and distributing uncooked food products. These systems play a pivotal role in preserving and enhancing the quality of food and beverage items through diverse drying methods. For instance, as per the Food & Drink Federation's 2023 report, Scotland witnessed the establishment of 1,185 food and beverage manufacturing companies. Notably, the industry witnessed a 31% surge in food and beverage exports in 2022, amounting to $10.18 billion (£8.1 billion). Furthermore, food and beverage turnover in the same period contributed $12.5 billion (£10.3 billion), constituting 33% of the total Scottish manufacturing turnover. Hence, the heightened demand for paper drying systems in the food and beverage industry drives the expansion of the paper drying systems market.

The escalating growth of the paper and pulp manufacturing industry is poised to accelerate the expansion of the paper drying systems market. Paper, crafted from fibers usually derived from wood pulp, rags, or specific grasses, undergoes compression and drying into thin sheets. Pulp, a fibrous material derived chemically or mechanically from cellulose fibers, is a key component. Paper drying systems are integral in multiple paper manufacturing processes, ensuring the paper attains desired moisture levels, quality standards, and optimal performance in various applications such as packaging, printing, and tissue production. For example, as outlined in a February 2021 report by the Confederation of European Paper Industries (CEPI), global paper and board production reached 90.2 million tons with an overall increase of 3.0% in 2021. Several countries including China, the US, Japan, India, Korea, and Canada experienced production growth between 2% to 7%. Therefore, the burgeoning paper and pulp manufacturing sector significantly drive the expansion of the paper drying systems market.

Substantial energy consumption poses a considerable challenge in the paper drying systems market. These systems typically require substantial energy inputs for the drying process, leading to elevated operational expenses. This energy-intensive nature creates challenges for smaller manufacturers and those with limited financial resources. Moreover, the heightened energy consumption raises environmental concerns, prompting manufacturers to seek energy-efficient drying technologies. For instance, as per a July 2023 report from the International Energy Agency, paper production is notably heat-intensive, with drying alone accounting for approximately 70% of the energy consumption in the process. It's projected that by 2030, electricity demand for pulp and paper production will increase to represent 24% of the total energy demand. Hence, high energy consumption is expected to curtail the growth prospects for paper drying systems.

Major companies in the paper drying systems market are leveraging innovative strategies, such as adopting the 'digital twin' approach, to bolster their market presence. This approach involves crafting a digital replica of physical entities, systems, or processes - a virtual counterpart mirroring the actual drying system. For instance, in October 2022, Smurfit Kappa Group plc, an Ireland-based paper-based packaging manufacturer, introduced an innovative drying process at its UK paper mill. This transformation led to a 6% reduction in steam energy usage and a 5% decrease in overall CO2 emissions. This novel process aims to replace the energy-intensive paper drying method, historically one of the most energy-demanding aspects of paper production. Moreover, it is envisioned to curtail expenses while aligning with sustainability objectives by striving for net-zero emissions.

In June 2022, Andritz AG, an Austrian industrial manufacturer, completed the acquisition of Bonetti Group for an undisclosed sum. This strategic acquisition is geared toward reinforcing Andritz AG's aftermarket business and expanding its existing portfolio of paper machine services. Bonetti Group, headquartered in Italy, specializes in the manufacturing of paper drying machines.

Major companies operating in the paper drying systems market report are Andritz AG , GEA Process Engineering Inc., Valmet, Alfa Laval AB, Voith GmbH, Dürr Systems Inc., Kadant Inc., ABK Groupe, A.Celli Paper S.p.A. , Industrial Kiln & Dryer Group, FEECO International Inc., Shandong Tianli Energy Co. Ltd., Carrier Vibrating Equipment Inc., Komline-Sanderson Corporation, HEDRICH Group, Allimand SA, Vulcan Drying Systems, R-V Industries Inc., CPM Wolverine Proctor LLC, Marsden Inc. , Forbes Marshall Ltd. , Ircon Drying Systems AB , Basque Paper Consortium. A.I.E, BHS Corrugated Maschinen- und Anlagenbau GmbH, Stela Laxhuber GmbH.

North America was the largest region in the Paper Drying Systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the paper drying systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the paper drying systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The paper drying systems market consists of sales of headboxes, wire sections, press sections, dryer sections, and consumables. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary types of paper drying systems encompass blow-through systems, thermocompressor-based systems, cascade-type systems, and trap-based systems. Blow-through systems involve the injection of heated air through the paper web, facilitating moisture evaporation. Various drying methods include multi-cylinder dryers, flat dryers, steam-heated cylinders, and single-tier dryers with diverse configurations such as rolling bed dryers, conduction dryers, convection dryers, and air dryers. These systems find applications across various industries, including paper and pulp, packaging, food and beverage, among others.

The paper drying systems market research report is one of a series of new reports that provides paper drying systems market statistics, including paper drying systems industry global market size, regional shares, competitors with a paper drying systems market share, detailed paper drying systems market segments, market trends, and opportunities, and any further data you may need to thrive in the paper drying systems industry. This paper drying systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 1-3 business days.