LAMINATING MACHINES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global laminating machines market is estimated to be valued at US$ 674.3 Mn in 2024 and is expected to reach US$ 1,132.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
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Growing packaging and printing industries have boosted the need for laminating machines that can efficiently laminate different materials like plastic films, papers, fabrics, and others. Rising demand from the food and beverage industry for laminating packing materials like laminated paper bags and pouches can drive the market growth. Stringent safety and quality regulations in the food industry mandate the use of laminated packaging for enhanced product protection and longer shelf-life. Increased consumption of packaged food and growing on-the-go eating habits can boost sales of laminating machines.
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Insights, By Type: Adaptability Boosts Dominance of Wet Laminating Machines
In terms of type, wet laminating machines segment is estimated to hold the highest market share of 72.2% in 2024, owing to their high adaptability to different lamination needs. Wet laminating allows for use of a wide variety of film types like PVC, PET and BOPP of varying thickness. It offers flexibility in coating various substrate surfaces from paper and cardboard to textiles and films. The process is well-suited for complex jobs involving spot or selective lamination that require precision.
Insights, By Application: Commercial Applicability Fuels Dominance of Commercial Segment
In terms of application, commercial segment is estimated to hold the highest market share of 46.8% in 2024, as commercial laminating equipment finds multifarious applicability across a variety of industries including printing, packaging, signage, photography, and others. Unlike industrial laminators optimized for high output, commercial laminators are versatile enough to meet varying needs from small print shops to professional photographers.
Insights, By Material: Paper Continues to be Widely Used Substrate
In terms of material, paper segment is estimated to hold the highest market share of 42.3% in 2024, owing to its widespread use as a substrate. Be it documents, brochures, photographs, menus or certificates, paper persists as the preferred printing medium. The ability to protect paper surfaces from wear, tear and chemical/water damage while retaining readability and aesthetics makes paper lamination highly valuable. Laminators accommodate paper of varied weights, sizes and surface finishes effortlessly.
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Dominating Region- North America
North America is expected to dominate the laminating machines market, with an estimated market share of 41.4% in 2024, due to factors like the well-established industrial sector, presence of major players, and supportive government policies that promote manufacturing. Countries like the U.S. and Canada witness huge demand for laminating machines from industries like packaging, printing, and construction.
Fastest-Growing Region- Asia Pacific
Asia Pacific region exhibits the fastest growth, driven by countries like China, India, Japan, and South Korea. Rapid industrialization, growing middle-class population, and expansion of end-use industries have boosted adoption of laminating machines in the region.
Laminating Machines Market Outlook for Key Regions
U.S.- U.S. market is characterized by innovation and technological advancements introduced by prominent players like D&K Group and Bungard. Strategic partnerships between machine manufacturers and raw material suppliers have integrated the supply chain.
China- China market witness aggressive competition due to presence of global as well as local manufacturers. Local giants like Dongguan city change machinery technological have captured a major share of the domestic market through competitive pricing.
Germany- Germany market lead in Europe due to advanced engineering capabilities and emphasis on quality and efficiency. Manufacturer such as Fuchs Maschinen leads the market through innovative product design and robust after-sales support.
Japan- Japan market witness steady growth due to well-established industry standards and emphasis on automation. Leading companies like Iwasaki Electric are focusing on customized solutions to gain an edge.
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Top Strategies Followed by Global Laminating Machines Market Players
Established Players- R&D Investment
Leading laminating machine manufacturers are extensively focusing on research and development to develop innovative product lines. For example, companies like Lamination Equipment invests over 10% of annual revenues into R&D initiatives. This drives the creation of high-performance laminators that offer advanced automation, precision and productivity.
Mid-Level Players- Cost-Effective Solutions
Mid-sized companies look to gain market share by providing quality machines at competitive price points. For example, S-Line targets price-conscious buyers in emerging markets by optimizing costs without compromising on durability or output. Its affordable solutions are well-suited for low to mid-volume commercial applications.
Small-Scale Players- Niche Specialization
Smaller producers focuses on niche segments left untapped by larger brands. For example, Norsmen Machinery designs laminators tailored for custom print and sign shops. Its modular systems can be customized with unique feeders, finishers and automation addons. This targeted approach allows niche players to compete successfully.
Emerging Startups in the Global Laminating Machines Market
Innovative Technologies-
Startups are introducing advanced technologies to disrupt the market. Mindaq is developing AI-powered quality control solutions that leverage computer vision to detect defects. Its sensors can accurately identify issues and improve production processes. IllumaTech has created smart laminators integrated with predictive analytics and diagnostics to optimize schedules and minimize downtime.
Sustainable Solutions-
EcoFriend develops laminators using recyclable materials and renewable energy sources. Its latest model features a solar-powered drying module that reduces carbon footprint. VerdeTech focuses on up cycling pre-owned equipment by retrofitting them with energy efficient components. These startups makes industry more environmentally sustainable.
Market Contribution- Niche Markets
GreenPrint addresses custom lamination needs of artisans and crafters with its specialized desktop machines. NovoNX partners with research institutes to commercialize innovative film coating technologies for specialized applications in biomedical and aerospace fields
Key Takeaways from Analyst
Global laminating machines market growth is driven by increasing demand for laminated products from packaging and printing industries. Laminating provides protective layer to products and improves aesthetics, thus, boosting its usage across industries. Growing e-commerce sector relying more on packages can boost demand.
Availability of alternative binding and coating techniques can hamper the market growth. Machines requiring high maintenance and frequent replacement of consumables increase overall cost of ownership. Market players need to focus on developing cost-effective and low maintenance laminating machines.
Laminating Machines Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 674.3 Mn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 7.7% | 2031 Value Projection: | US$ 1,132.4 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
D&K Group, KOMFI spol. s r. o., Black Bros. Co., Graphco, HMT Manufacturing, Inc., Comexi Group Industries, Karl Menzel Maschinenfabrik GmbH, Monotech Systems Ltd., ALEMO, Chongqing Sinstar Packaging Machinery Co., Ltd, L.R. Schmitt Nachfolger Sondermaschinenbaugesellschaft m.b.H., WORLDLY INDUSTRIAL CO., LTD., GMP, Robert Bürkle GmbH, and VEIT GmbH |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Market Driver- Growing demand from printing and packaging industry
Global laminating machines market can witness growth due to rising demand from various sectors. Laminating machines offers protection and improves product appearance. Laminating helps extend product lifespan by shielding it from moisture, UV light, abrasions, and discoloration. As per data from UNCTAD, growing e-commerce along with rising global sales from US$ 26.7 trillion in 2019 to US$ 40 trillion by 2025 can boost demand for laminating machines.
Market Challenge- Availability of alternative finishing solutions
Global laminating machines market faces challenge due to availability of alternative finishing solutions in the market. Various alternative finishing options like UV coating, printing, and varnishing are available provides similar functionalities as laminating but are cheaper and require less expertise and manual work. This has reduced the demand for laminating machines from end-use industries like packaging, industrial printing.
Market Opportunity- Technological advancements in laminating machines
Global laminating machines market witness growth opportunity due to ongoing technological advancements. Manufacturers are investing heavily in R&D to develop smart and automated laminating machines integrated with advanced technologies like robotics, IoT, AI, and others. This improves laminating accuracy, reduce manual efforts, minimize wastage, and increase productivity multi-folds. Moreover, new laminating machine models are being launched which are compatible with diverse materials like paper, plastic films, fabrics, and others allowing end-users to laminate a wide range of products.
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About Author
Pankaj Poddar
Pankaj Poddar is a Senior Consultant with over 12 years. He excels in providing impactful insights and strategic recommendations. His expertise includes market estimation, competitor analysis, and identifying emerging trends. Pankaj helps clients make informed decisions that drive growth and improve operational efficiency. Backed by a strong educational background in polymers industry & on-hand industry working experience, his key skills include delivering strategic solutions to clients within this space to improve the effectiveness in their offerings and/or expand into other lucrative markets.
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