According to research conducted by Future Market Insights, the global laminating machines market is projected to reach a value of US$584.3 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% to reach US$955.9 million by 2032.
Laminating machines, also known as laminators, are used to apply a protective layer of paper, plastic, or foil to seal various products. The laminating process can be accomplished using different bonding methods, resulting in the market being segmented into wet laminating machines, thermal laminating machines, and dry bond laminating machines based on machine orientation.
The choice of machinery depends on the intended use of the laminated items. Laminating machines are favored by end-use industries due to their ease of operation and ability to laminate materials more efficiently compared to alternative methods. By utilizing these machines, products can be effectively sealed, thereby preserving and extending their shelf life.
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The laminating machines market is experiencing growth as manufacturers strive to develop machines that can produce high-quality, high-barrier films at affordable prices. This focus on enhancing machine capabilities and efficiency contributes to the market’s expansion.
Overall, the global laminating machines market is expected to witness steady growth as the demand for effective and efficient packaging solutions continues to rise across various industries.
Key Takeaways from Laminating Machines Market
- Wet laminating machines as an orientation segment for laminating machines are estimated to remain dominant during the forecast period. This segment is expected to hold around 50% of the market share by the end of 2032.
- The food & beverages segment is anticipated to remain the largest end-use industry segment due to increasing preference of consumers for laminating packaging due to the safe packaging advantage provided by laminating machines. This segment is likely to expand 1.8x of its current sales, witnessing a CAGR of 5.6% over the forecast period.
- The North American region is likely to remain the most lucrative market for laminating machines. Due to the high rate of industrialization and technological advancement, the market in this region will contribute a major market share in laminating machines market by end of 2032.
- Innovations and advancements brought by the players in the market are attracting new end users.
“The growing need for the safe packaging in various industries such as food & beverage and pharmaceutical has created opportunities for the key players to manufacture laminating machines which can laminate efficiently and quickly, maintaining high-quality standards.” – says FMI analyst
The Need for the High Quality Lamination at a Faster Rate to Meet the Demand is Boosting the Laminating Machines Market
Laminating machines can easily laminate at a high speed and the chances of errors can be reduced. Automated packaging solution machines can efficiently laminate the products at a consistent rate. The growing demand of the end-use industries such as pharmaceuticals and food & beverage requires an automated solution, which can laminate the products at a high speed without degrading the quality of the lamination. In addition, the laminating machines can be operated easily and do not require any expertise. Laminating machines help in providing lamination, which keeps the product stronger, durable and more flexible. Thus, the added benefits provided by the laminating machines have increased the sales of the same.
Increased Adoption of the Laminating Machines in the Pharmaceutical Industry is Propelling the Sales of the Laminating Machines Market
Laminating machines help the pharmaceutical products in the packaging of sensitive powders, granules or liquid products. High-sensitive products can be preserved using laminating foils as it separates the products from the external environment. The efficiency of the laminating machines in packing the products helps in reducing the chances of errors. The pharmaceutical products require extra care as the form and nature of the products should not change.
Laminating machines help pharmaceutical companies with packaging and protecting the medications in capsules and tablet dosage forms. Different laminating materials such as paper, plastic and foil are used by pharmaceutical companies as they are hygienic, lightweight, and toxin-free, which helps in increasing the shelf life of the pharma products. Thus, due to the need for the efficient packaging and laminating of pharmaceutical products, the usage of laminating machines is increasing in the pharmaceutical industry.
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Laminating Machines Market Landscape
D&K Group, KOMFI spol. s r. o., Black Bros. Co., Comexi Group Industries and Graphco are the key players operating in the global laminating machines market. Also, some of the noticeable players operating in the laminating machines are HMT Manufacturing, Inc., 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, VEIT GmbH, SAM Europe Srl, Reliant Machinery, HIP-MITSU srl and others.
Laminating Machines Market by Category
By Orientation, Laminating Machines Market is Segmented as:
- Wet Laminating Machines
- Thermal Laminating Machines
- Dry Bond Laminating Machines
By Application, Laminating Machines Market is Segmented as:
- Paper
- Plastic
- Foil
By End-use Industry, Laminating Machines Market is Segmented as:
- Food & Beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Automotive
- Aerospace & Defense
By Region, Global Laminating Machines Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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