Projected to experience a steady growth trajectory, the slitter rewinder machines market is anticipated to achieve a Compound Annual Growth Rate (CAGR) of 3.6% between 2023 and 2033. The market valuation is projected to ascend from US$ 1.2 billion in 2023 to reach US$ 1.7 billion by 2033. This anticipated expansion reflects the increasing demand and technological advancements within the slitter rewinder industry, affirming its pivotal role in various sectors. Factors such as automation, efficiency improvements, and the rising need for precision in material processing are expected to contribute to the market’s positive evolution over the forecast period.
In the current market landscape, slitter rewinder machines are experiencing heightened demand across diverse end-use sectors, encompassing plastic film, paper & board, foils, laminates, and more. These machines play a crucial role in the industrial process by efficiently cutting large rolls of materials such as paper, plastic, or other substrates into smaller rolls, either for immediate use or for subsequent processing to manufacture finished goods. Renowned as slitting and rewinding machines, they integrate two separate units into a unified system, enhancing efficiency in material processing and contributing to streamlined production processes.
North America dominates the slitter rewinder machine market in terms of market share and revenue, and this dominance is expected to continue during the forecast period. This region’s market growth can be due to rising consumer awareness of the benefits of utilizing sustainable products.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5928
The substantial growth of China’s packaging machinery industry, particularly in the paper rewinding machines segment, stands out as a pivotal factor propelling the market. According to the Italian Trade Agency (ITA), the packaging machinery industry in China achieved a significant valuation of US$ 5.6 billion in 2018, with further growth anticipated. This remarkable expansion is driven by the burgeoning packaging sector, inclusive of slitter rewinder machines, which is poised to sustain its upward trajectory throughout the forecast period in China.
In contrast, the broader Asia Pacific region is poised for rapid growth over the projection period. This is primarily due to the region’s burgeoning manufacturing footprint and its attractive manufacturing environment, which fosters the demand for advanced machinery such as slitter rewinder machines.
Center-surface and Surface Winder Machines to Buckle-up
With more than 50% share of the total revenue of slitter rewinder machines market at present, the center winder type of slitter rewinder machines continues to dominate. Although low price point has been the key driver for sales growth of this type of slitter rewinder machines over the years, it is more likely that this segment will witness a sluggish growth in revenue over the next few years, says the report.
However, attributed to a relatively superior control over the tension created in rewinding material, surface winder and center-surface winder types of slitter rewinder machines are projected to gather ground at a rapid pace, according to the report.
High Speed Converting Applications to Gain Momentum
High speed rewinding is constantly witnessing growing demand, subsequently pushing the sales of slitter rewinder machines operating at above 800 m/min. This remains the top selling segment in the speed category of slitter rewinder machines landscape that currently accounts for over 40% share in the total market value.
Whereas, the report positions 601-800 m/min as the next popular segment in slitter rewinder machines market.
Ready to Learn About Our Approach? Explore Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5928
The Key Players Are
- KAMPF Schneidmaschinen für SRF
- NISHIMURA MFG. Co., Ltd.
- HAGIHARA INDUSTRIES INC.
- Atlas Converting Equipment Ltd.
- Euromac Costruzioni Meccaniche s.r.l.
- GOEBEL Schneid und Wickelsysteme GmbH
- Jennerjahn Machine, Inc.
- Kataoka Machine Co., Ltd.
- Deacro Industries Ltd.
- Parkinson Technologies
- Hangzhou Dahua Industry Control Technology Co., Ltd.
- PSA Technology
- Ashe Converting Equipment Ltd.
- others
Market Drivers:
- Increasing Demand for Flexible Packaging:
- The growing demand for flexible packaging in various industries, including food and beverages, pharmaceuticals, and consumer goods, is likely to drive the demand for slitter rewinder machines. These machines are essential for converting large rolls of material into smaller, manageable rolls used in flexible packaging.
- Technological Advancements:
- Ongoing advancements in slitter rewinder machine technology, such as automation, precision control, and enhanced cutting capabilities, can drive market growth. Manufacturers adopting state-of-the-art technologies may experience increased efficiency and productivity.
- Rising Popularity of Customized Packaging Solutions:
- As businesses focus on brand differentiation and consumer preferences, there is an increasing demand for customized packaging solutions. Slitter rewinder machines play a crucial role in facilitating the production of custom-sized rolls for various packaging needs.
- Global Expansion of Manufacturing Industries:
- The expansion of manufacturing industries, particularly in emerging economies, can contribute to the growth of the slitter rewinder machines market. Increased production activities often lead to higher demand for converting equipment.
Market Restraints:
- High Initial Investment and Maintenance Costs:
- Slitter rewinder machines can involve significant upfront costs for acquisition and installation. Additionally, ongoing maintenance costs may pose a challenge for some manufacturers, particularly smaller businesses with budget constraints.
- Environmental Concerns:
- Growing environmental awareness and regulations related to sustainability may impact the use of certain materials in packaging. This could influence the demand for slitter rewinder machines as manufacturers may need to adapt to new materials and processes.
- Intense Competition:
- The market for slitter rewinder machines is competitive, with several manufacturers vying for market share. Intense competition can lead to pricing pressures and may affect the profit margins of companies in the industry.
- Supply Chain Disruptions:
- Disruptions in the global supply chain, as seen during events such as the COVID-19 pandemic, can impact the production and delivery of slitter rewinder machines. Dependence on global suppliers for components and raw materials may introduce vulnerabilities.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/5928
Slitter Rewinder Machines Market Key Segment
By Maximum Operating Speed:
- Less than 300 m/min
- 300 to 600 m/min
- 601 to 800 m/min
- Above 800 m/min
By Machine Type:
- Centre Winder
- Surface Winder
- Centre-surface Winder
By Substrate:
- Paper
- Plastic
- Metal
- Textile
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
