By 2027, the paper slitter market will reach US$548.6 million

The global paper slitting machine market is expected to receive attention due to the initiatives of some organizations to reduce the energy consumption of paper slitting machines by increasing production capacity and achieving digitalization. The report also mentioned that the paper slitting machine market size in 2019 is 417.4 million U.S. dollars and is expected to reach 548.6 million U.S. dollars by 2027. The compound annual growth rate during the period was 3.5%.
Several well-known paper slitting machine manufacturers are gradually leaning towards automation solutions to achieve high efficiency and increase productivity. They carry out extensive research and development activities to perfect the entire production process of the paper cutter. This will help them reduce the waste generated by these machines and increase production. Therefore, it will reduce the expenditure of such manufacturers. In addition, due to the digitization of their production processes, the productivity of some manufacturers has also increased.
In terms of blade types, the market is divided into air scoring blades, shear blades and razor blades. Among them, the razor blade market accounted for 31.9% of the slitter market share in 2019. Due to its ability to provide high precision in the cutting process, the razor blade market is expected to occupy the largest share in the next few years.

Post time: Jan-22-2021