Press release
Converting Equipment Market Research Reveals Path To $56.38 Billion By 2030
The converting equipment industry is poised for significant growth as it adapts to evolving manufacturing demands and sustainability goals. Innovations in automation and smart technologies are transforming production processes, while expanding markets such as pharmaceuticals and food packaging continue to boost demand. Let's explore the current market outlook, major players, emerging trends, and key segments shaping this sector's future.Projected Growth Trajectory of the Converting Equipment Market
The converting equipment market is forecasted to expand steadily, reaching $56.38 billion by 2030 with a compound annual growth rate (CAGR) of 5.1%. This growth is driven by several factors, including the widespread adoption of smart manufacturing systems and a growing emphasis on sustainable packaging solutions. Additionally, the pharmaceutical and food packaging industries are expanding, contributing to increased demand. Operational efficiency improvements and the rise in digital monitoring technologies also play significant roles in propelling the market forward. Key trends expected to influence the market include the shift toward fully automatic converting lines, growing interest in high-speed converting equipment, integration of smart sensors, and the rise of flexible packaging production, all coupled with a stronger focus on reducing waste.
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Leading Companies Dominating the Converting Equipment Market
A number of prominent players are actively shaping the converting equipment landscape. These include Nordson Corporation, Bobst Group SA, Davis-Standard LLC, Paper Converting Machine Company, Mark Andy Inc., Kampf Machinery Corporation, C. G. Bretting Manufacturing Co. Inc., Rotometrics International Ltd., Nordmeccanica Group, Comexi Group, Parkinson Technologies Inc., Karlville Development LLC, Ghezzi & Annoni S.R.L., Elsner Engineering Works Inc., New Era Converting Machinery Inc., Ashe Converting Equipment, Catbridge Machinery LLC, Atlas Converting Equipment Ltd., AZCO Corp, Universal Converting Equipment, Maxson Automatic Machinery Company, Schober USA Inc., Uteco Converting S.p.A., and Valmet Oyj.
Significant Industry Acquisition Expands Market Reach
In November 2023, CORE Industrial, a US-based manufacturer specializing in industrial machinery, completed the acquisition of General Converting Inc., another US company known for packaging and container production. Although the financial terms were not disclosed, this move is intended to enhance CORE Industrial's packaging solution capabilities, broaden its product portfolio, and extend its customer network.
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Technological Advances Fueling Market Opportunities
Companies in the converting equipment market are prioritizing innovation to meet demands for faster production speeds, greater efficiency, and improved customization, especially within label and packaging sectors. One notable advancement is the development of high-speed inline finishing systems, which combine several converting processes like laminating, die-cutting, and slitting into a single automated operation. This integration reduces downtime and the need for manual handling compared to traditional machines. For example, in September 2025, B+W PaperSystems, a US-based manufacturer of paper and label converting equipment, introduced the Speedliner X. This state-of-the-art inline finishing system offers a modular design compatible with various label substrates, precision die-cutting, and high-speed lamination. Its compact size and user-friendly digital controls streamline production, minimize waste, and support both short and long runs in flexible packaging and labeling markets.
Market Segmentation Highlighting the Converting Equipment Scope
The converting equipment market is segmented across several key categories:
1) By Type: Manual, Semi-Automatic, and Automatic
2) By Maximum Operating Speed: Less Than 300 M/Min, 300 To 600 M/Min, 601 To 800 M/Min, and Above 800 M/Min
3) By Application: Food and Beverages, Household Cleaning Products, Electronics, Cosmetics, Pharmacy and Healthcare, and Other Applications.
Further subcategories within these segments include:
- Manual equipment such as handheld converting tools and manual cutting machines
- Semi-automatic equipment including semi-automatic cutting and folding machines
- Automatic equipment comprising fully automatic cutting and fully automatic folding and gluing machines.
This detailed segmentation offers insight into the diverse range of machinery catering to various production speeds, automation levels, and end-use industries within the converting equipment market.
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