NEWARK, Del, May 21, 2023 (GLOBE NEWSWIRE) -- In 2023, the sleeving machines market is estimated to generate revenues worth US$ 2.9 Billion. The market is anticipated to reach US$ 4.1 Billion by 2033, growing at a CAGR of 3.4% from 2023 to 2033. The sleeving machines market is driven by several factors, including automated processes and 360° branding with HD-quality images that can also display essential product information.
Sleeving machines can be used for a wide range of substrate products, including bottles, jars, and cans. They can also be used for other types of containers that come in various materials, as well as shapes and sizes.
The high versatility of applications renders sleeve packaging an appealing option for consumers who manufacture multiple products. This type of packaging is also ideal for those who require a packaging or labeling solution that can be applied to different packaging types.
Drivers and challenges have an impact on market dynamics, which can impact your business. Find more insights in a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17241
New machines can make use of materials that offer protection from external factors such as moisture, light, and oxygen. They can help to deliver extra protection to the contents and prevent them from spoiling.
They can help preserve the quality and freshness of the product, particularly for food, beverage, and pharmaceutical products. An increasing number of machines are also being designed to utilize more sustainable films. They possess recyclable or renewable materials, which are further expected to provide a greener aspect to the market.
Stretch sleeve labeling machines are anticipated to gain high popularity in the global market. These machines utilize an unorthodox approach to apply labels to products.
Instead of using heat to shrink a sleeve label, stretch labeling machines stretch a label to conform to the shape of the product. This creates a high-quality label that conforms to the shape of the product to ensure a more seamless and attractive finish.
Stretch sleeve labeling machines can also be an economical solution to label products. They require less material than traditional shrink-sleeve labeling.
They can hence eliminate the need for heat tunnels for the sleeving process. This also reduces the cost of labelling by a significant margin, further driving demand for sleeving machines.
Though the automotive sector takes up a small share of the global sleeving machines industry, it is predicted to be one of the fastest-growing end-use segments during the forecast period. Sleeving machines are commonly used in this sector to apply sleeves to cables, wires, car batteries, and shock absorbers. They can promote brand image and provide display safety information while protecting the content from abrasion & impact.
Key Takeaways:
- The global sleeving machines industry witnessed an average CAGR of around 1.9% from 2018 to 2022.
- The United States sleeving machines industry is estimated to reach a valuation of US$ 857.2 Million by 2033, expanding 1.4 times its current size.
- By 2033, China's sleeving machines industry is expected to account for 14% of the total value share.
- The food & beverage industry by end-use is predicted to expand 1.3 times its current market size during the evaluation period.
- By automation type, the automatic segment is projected to create an incremental opportunity of US$ 342.7 Million during the assessment period.
“Sleeving machine manufacturers can create new opportunities by focusing on seamless integration with other packaging equipment. Offering compatibility with filling machines, capping machines, and labeling machines allow them to provide complete packaging solutions. This integration streamlines operations, improves efficiency, and enhances customer satisfaction.” – says a lead analyst at Future Market Insights (FMI).
Want your report customized? Speak to an analyst and personalize your report according to your needs: https://www.futuremarketinsights.com/customization-available/rep-gb-17241
Competitive Landscape:
The sleeving machines market has a highly competitive landscape, with the rising number of players striving for a large share. Several significant participants in this industry include Accutek Packaging Equipment Companies Inc., Advanced Dynamics Ltd., Cama Group, Sleeve Technology BV, PDC International Corporation, Graphic Packaging International, American Film & Machinery, and Barry-Wehmiller Companies, Inc., among others.
Key players are spending money on research & development projects to make unique products that have quicker turnaround times. They are aiming to offer better effectiveness, dependability, and affordability. In order to fulfil changing demands, they are also focusing on expanding their product lines and bolstering their distribution networks.
Strategic partnerships and affiliations with other businesses are becoming more common in the industry. These are allowing firms to capitalize on one another's strengths and increase their market share.
Leading firms would use consolidation and mergers to strengthen their position in the market and get access to new areas. In emerging markets, particularly in countries such as China and India, the sleeving machines sector is expanding.
Key players are creating local manufacturing facilities and bolstering their distribution networks to strengthen their position. To achieve a competitive advantage, they are concentrating on providing clients with cost-effective solutions.
For instance,
- Krones offers a range of packaging machinery, including sleeve labeling machines. They have introduced various sleeve machine models designed for different packaging formats and production speeds.
- Sacmi specializes in providing integrated solutions for the packaging industry, including sleeve labeling machines. The company’s machines are known for their high-speed capabilities and precision application.
Get More Valuable Insights into Sleeving Machines Market Study
In a new report by Future Market Insights (FMI), the sleeving machines market has been segmented into automation (automatic, semi-automatic, manual), machine type (shrink sleeve labeling machine, stretch sleeve labeling machine, roll-fed labeling machine, tamper-evident banding machine, heat tunnel machine), end use (food & beverages, pharmaceuticals, cosmetics & personal care, chemicals, automotive, other industrial), and region.
Market Outlook by Category:
By Automation:
- Automatic
- Semi-automatic
- Manual
By Machine Type:
- Shrink Sleeve Labeling Machine
- Stretch Sleeve Labeling Machine
- Roll-fed Labeling Machine
- Tamper-evident Banding Machine
- Heat Tunnel Machine
By End Use:
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Chemicals
- Automotive
- Other Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Central Asia
- East Asia
- Russia & Belarus
- Balkan & Baltic Countries
- The Middle East & Africa
- South Asia & Pacific
Grow your profit margins – Buy this report at a discounted price: https://www.futuremarketinsights.com/checkout/17241
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Sustainable Trends
3.3. Technological Trends
3.4. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
4.4. Go-to-market Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17241
About Packaging Division at Future Market Insights (FMI):
Expert analysis, strategic recommendations and actionable insights- the packaging team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on the packaging, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the packaging industry.
Explore Trending Reports of Packaging:
Liquid Capsule Filling Machines Market Size: High consumption of capsules has created a steady demand for effective capsule-filling solutions, which is fuelling the demand for liquid capsule-filling machines globally. The global liquid capsule filling machines market is forecast to reach US$ 208.6 Million by 2030.
Side Load Case Packing Machines Market Growth: The side load case packing market is likely to record a CAGR of 5% through 2032. The shrink sleeve labels market is likely to be valued at US$ 2.74 Billion by 2032, up from US$ 1.68 Billion in 2022.
Overwrapping Machines Market Analysis: Various manufacturers focus on organic growth strategies such as product launches, product approvals, and other tactics such as patents and events. Acquisitions, partnerships & collaborations included the inorganic growth strategies witnessed in the overwrapping machines market.
Shrink Wrapping Machines Market Volume: With the demand for shrink-wrapping machines intended for longer shipping periods comes shrink-wrapping machines market growth. The need for product shipping and transportation to reach a wider geographic customer base has resulted in rising demand for shrink-wrapping machines, which affects the shrink-wrapping machines market key trends and opportunities.
Flow Wrap Machines Market Outlook: The increase in the number of pharmaceutical firms and new pharmaceutical goods that employ this flexible packaging solution is propelling the flow wrap machines market forward. During the historical period 2016 to 2021, flow wrap machine demand grew at a 2.5% value CAGR.
Wet Glue Labelling Machines Market Value: To communicate the integrity and authenticity of the product to the end-user or consumer, labels are an essential part of the packaging system for a commodity. Manufacturers of wet glue labeling machines produce labeling systems that enable companies to label their goods effectively.
Tray Former Machines Market Sales: The market for tray-forming machines benefits from the expansion of the flexible and thermoform packaging markets. As per a Future Market Insights study, the market for consumable packaging is projected to reach US$ 700 Billion by 2032 and increase at a CAGR of 3% throughout the projection period.
Tube Sealing Machines Market Demand: The demand for tube sealing machines is likely to rise as it is an important part of packaging. Tube sealing machines play an important role in sealing tubes for various applications and industries are likely to raise the tube sealing machines' market share.
Cartoning Machines Market Share: Providing maximum safety to goods requires the utilization of a carton sealing machine as a packaging solution. Moreover, the cartooning machines market share is likely to experience significant growth owing to the rise in transportation and logistics industries, thereby adopting the role of wrapping machines, strapping machines, and sealing machines. These factors might surge the sales of cartooning machines during the forecast period.
Tray Sealer Machines Market Innovation: The tray sealer machines business has grown steadily over the past decade owing to a variety of factors, including increased demand, the development of new markets, and changes in ownership structure. The booming economies of China and other emerging nations, increased sector consolidation, and rising private-equity ownership are just a few of the major shifts affecting the global economy.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
