Converting Equipment Market Growth, Top Vendors, Revenue and Forecast by 2031

The Converting Equipment Market refers to the industry that produces machinery and equipment used in the conversion process of raw materials into finished products. The converting process typically involves cutting, coating, laminating, printing, and packaging of materials such as paper, plastic, metal, and textiles. The converting equipment market includes a wide range of machinery such as slitters, rewinders, laminators, die-cutters, printers, and more.

Top Companies
Smag Graphique, Labels and Labeling, Sohn Manufacturing, LabelandNarrow Web, ASHE Converting Equipment, Daco Solutions, Spartanics, BOBST, ABG International, Labelexpo Europe, General Motors, Lemorau.

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The market for converting equipment is driven by the increasing demand for processed products, such as food and beverages, personal care products, and consumer goods. As consumers become more environmentally conscious, there is also a growing demand for sustainable packaging materials, which is leading to the development of new and innovative equipment.

The converting equipment market is highly competitive, with a large number of players operating globally. Key market players include Bobst Group SA, Goss International Americas, Inc., Nordson Corporation, Barry-Wehmiller Companies, Inc., and Mark Andy Inc. These companies invest heavily in research and development to introduce new and improved products, and also focus on strategic partnerships and acquisitions to expand their market share.

Geographically, the market for converting equipment is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to be the fastest-growing region, due to the increasing demand for packaged goods in emerging economies such as China and India.

Competitive Analysis
The report takes in an analysis of the major market players active in the global Converting Equipment Market. It emphasizes on the business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations incorporated by these market players to reinforce their position in the market. The market report takes account of statistics, tables, and charts to present a detailed study of the industry.

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Regional Analysis:
Region-wise, the global Converting Equipment market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global Converting Equipment market share, and LAMEA is anticipated to secure a leading position during the forecast period.

KEY MARKET SEGMENTS
Maximum Operating Speed
Less than 300 m/min
300 to 600 m/min
601 to 800 m/min
Above 800 m/min
Others

Operation
Manual
Automatic
Others

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