Press release
Converting Equipment Market Valued at 40.85 Billion in 2022, Set to Grow at 4 Percent CAGR
Converting Equipment Market
Converting equipment plays a pivotal role in transforming materials such as fabrics, plastic sheets, paper, and corrugated materials into their final forms or shapes. These machines are capable of performing a wide range of functions, including slitting, winding, rewinding, weaving, laminating, folding, gluing, seaming, and sculpting web-based materials.
This market segment encompasses manufacturers of machinery involved in creating packaging and containers from raw materials like paper, film, and foil, as well as equipment for producing rigid packages such as injection blow molders and can-making devices. Converting machinery is widely used in various industries, including flexible packaging, aluminum foils, printed materials, and more. It serves as an excellent solution for products delivered in roll form.
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Converting Equipment Market Dynamics:
The market for printing and converting inline machines is expected to witness significant growth due to improved production and ink usage. These machines are especially popular in the packaging sector, offering manufacturers the flexibility to choose between automatic and semi-automatic machines. The market for printing and converting inline machines is expected to expand throughout the forecast period, driven by their outstanding performance and production capacities. These machines are complemented by various supporting devices, contributing to the production of efficient packaging solutions.
The rise of personalization and premium labels is another key driver of market growth. Increasing demand for personalized and promotional labels is prompting a shift towards smaller production runs, tighter budgets, and a digital revolution in processes. Brand owners are increasingly focusing on "targeted campaigns," where labels alone can enhance a product's perceived quality and brand image.
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What is Converting Equipment Market Segmentation:
by Type
Paper
Label
Plastic
Textile
by Application
Food & Beverages
Electronics
Cosmetics
Pharmacy
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Who are Converting Equipment Market Key Players:
1.EIT
2. Smag Graphique
3. Labels and Labeling
4. LabelandNarrow Web
5. ASHE Converting Equipment
6. Daco Solutions
7. Spartanics
8. BOBST
9. Advanced Converting Equipment Ltd
10. ABG International
11. Labelexpo Europe
12. General Motors
13. Universal Converting Equipment
14. Lemorau
15. Sohn Manufacturing Inc.
16. JandJ Converting machinery
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Converting Equipment Market Regional Insights:
In 2022, the Asia Pacific region led the market with a remarkable 42% market share. The region's growth is attributed to increasing demand for packaging in industries like food, cosmetics, and home goods, as well as the need for high-speed, high-quality labeling solutions. Southeast Asia, with a population of over 646 million people, experiences rapid label consumption growth, positioning it as one of the world's fastest-growing markets. The introduction of innovative label machinery technologies and investments by local Asian businesses contribute to market expansion.
Table of content for the Converting Equipment Market includes:
1. Global Converting Equipment Market: Research Methodology
1. Global Converting Equipment Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Converting Equipment Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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