The pulp and paper industry has evolved into one of the world’s largest industries, with manufacturers in North America, Northern Europe and East Asia holding a dominant position in the sector.

Despite growth in both revenue and output, the pulp and paper industry is being reshaped by major trends such as globalization, environmentalism, digitalization and e-commerce.

Industry transformations driven by these trends, combined with intensified competition and increasingly stringent health, safety and environmental regulations, have collectively pushed up industry costs, making it more challenging than ever for manufacturers to maintain profitability. At the same time, the competitive landscape has constrained the capital investment capacity of many enterprises, making equipment efficiency and utilization the top priority for their sound development.