The Slitting Machine Market Can Reach A Value Of US$ 682 Million By 2032 - FMI

The size of the global slitting machine market, which was US$498 million in 2022, is expected to increase to US$682 million by 2032, with a CAGR of 3.2%.

The industry for flexible packaging has gradually expanded as a result of the use of more environmentally friendly packaging materials. This results in fewer demands for things like efficient transportation, reducing food waste, and water and energy use. As a result, the demand for slitting machines rises as the flexible packaging sector expands, fueling the expansion of the slitting machine market.

The slitter rewinder machines market saw taking off advancement in 2021 with general livelihoods up 4.2% year over year. One more guess by FMI checks that slitter rewinder machines' livelihoods will augment some place in the scope of 2022 and 2028 close by setting out a consistent opportunity of US$ ~334 Mn during the assessed period.

As of late let data out of the slitter rewinder machines market examination shows that overall arrangements of the general spot winder slitter rewinder machines market is supposed to enrol a CAGR of 3.5% during 2022-2028 close by holding the market worth of US$ ~753 Mn around the completion of 2028.

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APEJ district is expected to stay the main locale for the slitter rewinder machines market among different areas. APEJ is assessed to hold around 42% of the market esteem share toward the finish of 2028.

The slitter rewinder machines market comprises around 2% of the worldwide bundling hardware market worth US$ ~58 Bn in 2021.

Center-surface and Surface Winder Machines to Buckle-up

With more than 50% share of the total revenue of the slitter rewinder machines market at present, the centre winder type of slitter rewinder machines continues to dominate. Although low price point has been the key driver for sales growth of this type of slitter rewinder machines over the years, it is more likely that this segment will witness a sluggish growth in revenue over the next few years, says the report.

However, attributed to relatively superior control over the tension created in rewinding material, surface winder and centre-surface winder types of slitter rewinder machines are projected to gather ground at a rapid pace, according to the report.

High-Speed Converting Applications to Gain Momentum

High-speed rewinding is constantly witnessing growing demand, subsequently pushing the sales of slitter rewinder machines operating at above 800 m/min. This remains the top-selling segment in the speed category of slitter rewinder machines landscape that currently accounts for over 40% share in the total market value.

Whereas, the report positions 601-800 m/min as the next popular segment in the slitter rewinder machines market.

Sustainability Issues Associated with Plastic to Shape Adoption Patterns

As presented in the report, paper and plastic converting applications continue to cumulatively cover a whopping 94% share in the market value. However, applications in plastic and plastic-based material conversion are witnessing a strong challenge for further growth owing to the ascending environmental concerns across the globe. Paper has been projected for a significant incremental opportunity, as highlighted in the report.

As the challenges associated with the use of plastic films and plastic-based materials are raising sustainability concerns to a great extent, the demand for slitter rewinder machines in plastic-converting applications is stagnated.

As a result, the sales of centre slitter rewinder machines are falling. However, it is conversely pushing prospects of surface winder machines and centre-surface winder machines used predominantly in paper-converting applications. A few other prominent applications include converting of technical films and a range of pressure-sensitive materials.

APEJ Continues to Reflect Hefty Investment Potential

With more than 35% of the total market value and a substantial incremental opportunity projection, APEJ remains the most lucrative region for penetration of slitter rewinder machines.

On the other side, North America and Western Europe hold a relatively similar share in the market value, representing the second highest performing regions in slitter rewinder machines marketplace.

Rampant expansion of plastic and packaging industries across developing Asian economies is prominently attributed to the growth of APEJ market for slitter rewinder machines.

Brisk growth in the demand for converting applications is identified to be a strong factor propelling the number of converting firms - thereby fueling the revenue growth of slitter rewinder machines market.

The flourishing paper industry in MEA is most likely to create lucrative deployment opportunities for manufacturers and suppliers of slitter rewinder machines in the region. The report indicates a moderate yearly revenue of MEA slitter rewinder machines market in and ahead of 2019.

Competitive Landscape

The key manufacturers operating in slitter rewinder machines market are trying to focus on expanding their production capacity by increasing the existing facility. Also, the players are developing and launching a new product under the slitter rewinder machines portfolio to cater for the increasing demand for packaging solutions.

- In March 2021, the British company and one of the leader for manufacturing slitting technology Atlas Converting Equipment Ltd. becomes a member of Kampf Schneid- & Wickeltechnik GmbH & Co. KG as a part of the Jagenberg Group Industrial Solutions sector. Through this partnership both the companies are planning to provide future proof machines and high level slitting technology solutions for their global customers.
- In January 2020, NISHIMURA MFG. CO., LTD. announced the launch of a new product under its slitter rewinder machines portfolio named Model FH154J.

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Slitter Rewinder Machines Market by Category

By Maximum Operating Speed:

- Less than 300 m/min
- 300 to 600 m/min
- 601 to 800 m/min
- Above 800 m/min

By Machine Type:

- Center Winder
- Surface Winder
- Center-surface Winder

By Substrate:

 - Paper
- Plastic
- Metal
- Textile

By Region:

 - North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

This release was published on openPR.