Laminating Machines Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

Future Market Insights research projects a positive trajectory for the global laminating machines market. Starting at a valuation of US$ 584.3 million in 2022, the market is forecasted to exhibit a robust Compound Annual Growth Rate (CAGR) of 5.0%, reaching a significant milestone of US$ 955.9 million by 2032. The wet laminating machines segment is expected to dominate due to its user-friendly nature and cost-effectiveness, poised to contribute an incremental opportunity of US$ 234.9 million between 2022 and 2032.

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FMI’s analysis indicates that the laminating machines market generated revenues of US$ 560.2 million in 2021. Driven by escalating demand across various end-use industries, the market is anticipated to accelerate its growth, attaining the US$ 955.9 million mark by 2032 with a 5.0% CAGR during the forecast period. This positive outlook is projected to yield substantial growth, offering an absolute incremental opportunity of US$ 395.7 million from 2022 to 2032, reaffirming the prospective expansion of the laminating machines market.

Key Takeaways:

  • 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 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.

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Laminating Machines Market by Category

By Orientation:

  • Wet Laminating Machines
  • Thermal Laminating Machines
  • Dry Bond Laminating Machines

By Application:

  • Paper
  • Plastic
  • Foil

By End-use Industry:

  • Food & Beverages
  • Pharmaceutical
  • Personal Care & Cosmetics
  • Automotive
  • Aerospace & Defense

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania