The folding gluing machines market size is projected to be valued at US$ 634.1 million in 2022 and is expected to rise to US$ 984.7 million by 2033. The sales of folding gluing machines are expected to grow at a significant CAGR of 4.5% during the forecast period.
Folding gluing machines are automated devices used for folding and gluing various types of packaging materials, such as cartons, boxes, and corrugated boards. These machines eliminate the need for manual folding and gluing, thereby reducing labor costs and improving production efficiency. The Folding Gluing Machines Market has witnessed significant growth in recent years, driven by the increasing demand for packaged goods across various industries, including food and beverage, pharmaceuticals, and e-commerce.
Riding on the steady demand over the recent past due to the successful intervention of industrial automation, automatic folding gluing machines hold clear dominance over semi-automatic counterparts in the folding gluing machines landscape. Steady adoption of semi-automatic folding gluing machines however prevails among SMEs targeting higher production line efficiency.
A new research intelligence report published by Future Market Insights offers a deep-dive view of the folding gluing machines landscape, delivering exclusive insights on the most impactful push and pull factors associated with revenue growth.
Identify key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our PDF Sample Report https://www.futuremarketinsights.com/reports/sample/rep-gb-7595
Key Insights Drawn from the Global Folding Gluing Machines Market Report
- The global revenue through folding gluing machines will surpass a value of US$ 5 Bn by this year’s end, witnessing a moderate Y-o-Y growth of around 4% over 2021.
- Straight line and crash lock fold types of folding gluing machines collectively hold a massive value share of over 60%.
- Food and beverages register maximum consumption of folding gluing machines.
- Highest growth potential exists in Asia Pacific, in terms of adoption of folding gluing machines.
- Sales of automatic folding gluing machines account for more than 80% of the total market revenue.
- Introduction of more compatible, communicative, and ergonomically designed folding gluing machines is trending the market, targeting enhanced productivity at reduced costs.
- Customized corrugated packaging trend in the E-commerce/E-tail world is playing a vital role in fueling sales of innovative folding gluing machines.
The Major Market Players Are-
- 3M Company,
- Ashland Global Specialty Chemicals Inc.,
- Bostik SA (Arkema S.A),
- Coim Group,
- DIC Corporation,
- Dow Inc.,
- DuPont de Nemours Inc.,
- Evonik Industries AG,
- Flint Group,
- others
Current Trends in the Folding Gluing Machines Market
The Folding Gluing Machines Market is witnessing several trends that are shaping the industry. Let’s explore some of these trends:
1. Integration of IoT and Automation
With the advent of Industry 4.0, folding gluing machines are now being integrated with the Internet of Things (IoT) technology. This integration enables real-time monitoring of machine performance, predictive maintenance, and remote troubleshooting. Automated folding gluing machines equipped with IoT capabilities can significantly reduce downtime and enhance overall productivity.
2. Customization and Flexibility
In today’s highly competitive market, brands are increasingly focusing on product differentiation and personalization. Folding gluing machines that offer customization and flexibility in box design and size are in high demand. These machines can handle a wide range of packaging formats, allowing businesses to cater to diverse customer preferences.
3. Sustainable Packaging Solutions
As sustainability gains prominence, the Folding Gluing Machines Market is witnessing a rise in the demand for eco-friendly packaging solutions. Manufacturers are developing folding gluing machines that optimize material usage and reduce waste. Additionally, machines that use water-based adhesives instead of traditional solvent-based adhesives are becoming more popular, contributing to environmentally friendly packaging practices.
4. Integration of Artificial Intelligence
Artificial Intelligence (AI) is making its way into the packaging industry, and folding gluing machines are not an exception. AI-powered machines can analyze data, optimize production processes, and improve quality control. These intelligent machines can detect defects, ensure accurate folding and gluing, and enhance overall operational efficiency.
Key Segments of Folding Gluing Machines Market Survey
Folding Gluing Machines Market by Machine Type:
- Automatic Folding Gluing Machines
- Semi-Automatic Folding Gluing Machines
Folding Gluing Machines Market by Fold Type:
- Straight Line Boxes
- Pocket Fold Boxes
- Crash Lock Boxes
- Multi Corner Boxes
Folding Gluing Machines Market by End User:
- Folding Gluing Machines for Food
- Folding Gluing Machines for Beverages
- Folding Gluing Machines for Personal Care & Cosmetics
- Folding Gluing Machines for Electrical & Electronics
- Folding Gluing Machines for Automotive
- Folding Gluing Machines for Healthcare & Pharmaceuticals
- Folding Gluing Machines for Other Consumer Goods
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Rewarding Opportunities Reside in APAC, 1/3rd of Region’s Revenue Belongs to India & ASEAN Countries
The regulatory bodies based in Asian economies are pushing investments in manufacturing sector which have been translating into steadily growing demand for folding gluing machines in recent years. As reported by FMI’s study on global folding gluing machines landscape, India and ASEAN countries collectively account for around 1/3rd share in Asia Pacific’s market value.
Strong presence of a large number of F&B manufacturers within the region are predominantly shaping the adoption pattern of folding gluing machines. Moreover, India’s per capita packaging consumption was on an average 5.5 kg in 2017, pointing to an ample opportunities for folding gluing machines adoption.
Western European market for folding gluing machines is driven by favorable orientation of manufacturers towards industrial automation. North American market is however expanding at a relatively lower pace owing to consistently falling beverage consumption levels.
Leading manufacturers of folding gluing machines are investing considerable R&D efforts in innovating existing product lines for a decent competitive edge. While reduction of the overall change-over time takes up the spotlight, advanced technology integration also remains one of the key strategies of companies. MNCs are prudently focusing on tapping in to lucrative opportunities in developing Asian economies. Merging with regional leaders or acquiring unorganized regional players are currently the preferred strategic moves of manufacturers of folding gluing machines. FMI’s report on global folding gluing machines market provides deep dive insights on the competitive landscape and various other aspects related to the folding gluing machine landscape.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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