LAMINATING MACHINES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
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.
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