Converting Equipment Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

"Which drivers are expected to have the greatest impact on the over the converting equipment market's growth?
The growth of the converting equipment market is anticipated to be fuelled by personalization and premium labels. Personalization involves tailoring a product, service or communication to meet the individual or organizational needs and preferences. On the other hand, premium labels pertain to privately-labelled brands providing relatively high-quality items at higher price points compared to other private labels in the market. Examples of such personalization and premium labels created using converting equipment include bespoke labels, boxes, banners, stickers, clothing items, and accessories. For example, a Salesforce report in May 2022 indicated that based on a survey of 13,020 consumers and 3,916 corporate buyers, 61% of consumers were assured that companies would employ relevant personal data in a transparent and beneficial manner, a rise from 52% in the previous year. Furthermore, 73% of consumers expected businesses to identify and cater to their unique needs and expectations. Consequently, the expansion of personalization and premium labels is stimulating market growth. The burgeoning manufacturing industry is also expected to promote the growth of the converting equipment market. This industry involves the production of goods from raw materials using manpower, machinery, tools, as well as chemical or biological processes. Converting equipment is widely utilized in this sector for tasks like packaging, augmenting production, facilitating automation, customization, and personalization. For instance, as per Eurostat, a Luxembourg-based government statistical agency, in July 2023, there was a 0.2% growth in industrial production in Europe. Additionally, a 0.1% growth through May to April 2023 within the European Union was reported. Therefore, the escalating manufacturing industry is driving the growth of the converting equipment market.

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What is the future CAGR of the converting equipment market, and how will it impact industry expansion?
The market size of converting equipment has seen remarkable growth over the past few years. The market, which stood at $43.01 billion in 2024, is expected to escalate to $45.22 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.1%. Factors contributing to this growth during the historical period include the expansion of the packaging industry, the globalization of supply chains, the manufacture of consumer goods, a rise in disposable income, regulatory compliance, and the surge of e-commerce.

The market size of converting equipment is predicted to experience consistent expansion in the upcoming years, reaching a worth of $54.38 billion in 2029 with a compound annual growth rate (CAGR) of 4.7%. The growth anticipated during this period can be traced back to the escalating demand for pharmaceuticals, flexible electronics production, swift prototyping and short production runs, the need for smart packaging, and an emphasis on sustainability. Key trends expected during this forecast period incorporate the integration of Industry 4.0, increased customization and flexibility, digitalized work processes, progress in printing technologies, and automation aimed at optimizing labor.

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What are the most significant trends transforming the converting equipment market today?
In the field of converting equipment, prominent firms are channeling their resources towards the creation of innovative products such as precision rotary die-cutting machines. These machines, which have a cutting blade mounted on a rotating cylinder, feed material through the device as the cylinder rotates, enabling the accurate cutting of materials like paper, fabric, and leather. An example of this can be seen with the US-based JBC Technologies Inc., a manufacturer specializing in die-cutting and non-metallic fabrication products. In September 2022, the firm introduced the Dorey Converting Systems (DCS) precision rotary die-cutting press. This is a breakthrough rotary press that can laminate multiple materials, die-cut intricate patterns with precise tolerances, and perform in-line operations such as island placement. The DCS rotary die-cutting press features a six-camera integrated closed-loop vision system for monitoring high-speed production and places inspection cameras after the production process, underlining the importance of the latest in-line vision system.

Which key market segments comprise the converting equipment market and drive its revenue growth?
The converting equipment market covered in this report is segmented -

1) By Type: Manual, Semi-Automatic, Automatic
2) By Maximum Operating Speed: Less Than 300 M/Min, 300 To 600 M/Min, 601 To 800 M/Min, Above 800 M/Min
3) By Substrate: Paper, Plastic, Metal, Textile
4) By Application: Food And Beverages, Household Cleaning Products, Electronics, Cosmetics, Pharmacy And Healthcare, Other Applications

Subsegments:
1) By Manual: Handheld Converting Tools, Manual Cutting Machines
2) By Semi-Automatic: Semi-Automatic Cutting Machines, Semi-Automatic Folding Equipment
3) By Automatic: Fully Automatic Cutting Machines, Fully Automatic Folding And Gluing Machines

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What regions are at the forefront of converting equipment market expansion?
Asia-Pacific was the largest region in the converting equipment market in 2024. The regions covered in the converting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the converting equipment market?
Major companies operating in the converting equipment market report are Parkland International, Nordson Corporation, Bobst Group SA, Davis-Standard LLC, Wittenstein SE, Paper Converting Machine Company (PCMC), Mark Andy Inc., Kampf Machinery Corporation, C. G. Bretting Manufacturing Co. Inc., Rotometrics International Ltd., Nordmeccanica Group, Comexi Group, Parkinson Technologies Inc., Delta Industrial Services Inc., Karlville Development LLC, Ghezzi & Annoni S.R.L., Elsner Engineering Works Inc., New Era Converting Machinery Inc., Ashe Converting Equipment, Catbridge Machinery LLC, Tidland Corporation, Atlas Converting Equipment Ltd., Keene Technology Inc., AZCO Corp, Universal Converting Equipment, Maxson Automatic Machinery Company, Schober USA Inc., CMS Industrial Technologies LLC, Uteco Converting S.p.A., Valmet Oyj

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What Is Covered In The Converting Equipment Global Market Report?

• Market Size Forecast: Examine the converting equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the converting equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the converting equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the converting equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the converting equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the converting equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the converting equipment market.
• Competitive Landscape: Review strategic developments in the converting equipment market, including expansions, agreements, and new product launches.

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