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Global Industrial Laminating Machines Market Size, Trends & Analysis - Forecasts to 2026 By Type (Wet Laminating Machines, Thermal Laminating Machines, Dry Bond Laminating Machines), By Material (Paper, Film, Foil), By Application (Food & Beverages, Aerospace & Defense, Medical, Pharmaceutical, Automotive, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Industrial Laminating Machines Market Insights
The global Industrial Laminating Machines market is expected to generate revenue amounting to USD 445.59 billion in 2020, and is projected to reach to USD 580.27 billion by 2026, growing at a CAGR of 4.50% over the forecast period. Rise in adoption of industrial lamination machines for new applications such as advertising and photography is expected to drive the market growth during the forecast period. Industrial laminating machines are also known as an industrial laminator, which is used to seal documents or any other appropriate item that is fed into it with a protective layer which is mainly made of paper, plastic film, or foil. Industrial laminating machine is an easy-to-use machinery that provides high quality lamination to protect the goods and products. It uses the heat to seal the pouch or film and delivers durable laminate protection to the products. Growing demand from aerospace, packaging, electronics, and automotive among other industries to laminate the components and products is expected to propel the market growth during the forecast period. Increasing urban population along with growing packaging, e-commerce, and pharmaceutical industries are some of the major factors expected to boost the market growth for industrial laminating machines. Growth in advertising and photography activities across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of Industrial Laminating Machines. However, product failures and high cost of lamination machine are likely to hamper the market growth during the forecast period.
Industrial Laminating Machines Market Size: By Segmentation
The global industrial laminating machines market is segmented on the basis of type into wet laminating machines, thermal laminating machines, and dry bond laminating machines. The wet laminating machines segment is expected to hold the largest market share in the global industrial laminating machines market during the forecast period. Wet Laminating Machine Suitable for laminating all types of paper, film, and aluminum foil, such as, cigarette box wrapping, lunch and cake boxes, among others. Growing demand from food processing and packaging industry is driving the market for wet laminating machines. On the basis of material, the global industrial laminating machines market is segmented into paper, film, and foil. The film segment is expected to hold the largest market share during the forecast period. Laminating film is made of a base film, such as polyester or PVC, and is then coated with an adhesive. The film laminating adhesives offer properties such as high bond strength, and lower emission among others. Film laminating can offer protection against a significant amount of wear and tear. Furthermore, it can also offer protection against the likes of UV rays, water damage and a variety of other things. Growing demand for pharmaceutical packaging is expected to drive the demand for film segment. On the basis of application, the market is segmented into medical, pharmaceutical, food & beverages, automotive, and aerospace & defense among others. The automotive and aerospace industries are expected to hold the largest market share in the global industrial laminating machines market during the forecast period. The growing automotive and aerospace industry across the globe is driving the market growth for industrial laminating machines. The growing demand to laminate the components and products is anticipated to fuel the demand for industrial laminating machines during the forecast period.
Industrial Laminating Machines Market Size: By Region
On the basis of region, the market of industrial laminating machines is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to dominate the market during the forecast period. Rapid industrialization and technological advancement in the region is one of the major factor expected to propel the market growth in the region. The presence of developed nations such as the U.S, and Canada among others is also driving the market growth.
Industrial Laminating Machines Market Share & Competitor Analysis
Some of the key players operating in the industrial laminating machines market include: Black Bros. Co., Monotech Systems Ltd., Graphco, Kenmec Group, HMT Manufacturing, Inc., Faustel, Inc., Comexi Group Industries, Equinox Precision Corp., FRIMO Group GmbH, and Menzel Maschinenbau, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2020, BOBST launched the “NOVA SX 550 LAMINATOR” a new solvent less modular laminating machine. Laminator is a plug and play machine designed to deliver cost-effective performance for all production lengths on a wide range of substrates and thickness.
In April 2019, Monotech Systems launched Pixeljet miniRTR. The miniRTR is equipped with UV LED lamps that enable the user to print on a wide media mix and to save energy, costs and time.
Check the Press Release on Global Industrial Laminating Machines Market Report
Industrial Laminating Machines Market: By Type
Industrial Laminating Machines Market: By Material
Industrial Laminating Machines Market: By Application
Industrial Laminating Machines Market: By Region
The global Industrial Laminating Machines Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Industrial Laminating Machines Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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