How large is the converting equipment market, and what is its growth trajectory?
The converting equipment market size has grown strongly in recent years. It will grow from $43.01 billion in 2024 to $45.22 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth in packaging industry, globalization of supply chains, consumer goods manufacturing, increased disposable income, regulatory compliance, rise of e-commerce.
The converting equipment market size is expected to see steady growth in the next few years. It will grow to $54.38 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing demand for pharmaceuticals, flexible electronics manufacturing, rapid prototyping and short-run production, demand for smart packaging, focus on sustainability. Major trends in the forecast period include industry 4.0 integration, flexibility and customization, digitalization of workflow, advancements in printing technologies, automation for labor optimization.
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Which major factors have contributed to the expansion of the converting equipment market?
Personalization and premium labels are expected to propel the growth of the converting equipment market going forward. Personalization refers to modifying a service, exemplary, or communication to meet a person’s or organization’s requirements and desires. Premium labels refer to brands with private labeling that offer comparatively high-quality items at higher prices than other private labels on the market. Personalization and premium labels use converting equipment to create customized labels, boxes, banners, stickers, apparel, and accessories of high-end quality based on client requirements. For instance, in May 2022, according to the Salesforce report, based on research conducted on 13,020 consumers and 3,916 corporate purchasers, in 2021, 61% of customers were confident that firms were going to utilize relevant personal data in a transparent and useful manner, up from 52% in 2020, and 73% of customers expected companies to recognize their unique needs and expectations. Therefore, the growth of personalization and premium labels is driving the market.
How is the converting equipment market segmented?
The converting equipment market covered in this report is segmented –
1) By Type: Manual, Semi-Automatic, Automatic
2) By Maximum Operating Speed: Less Than 300 M/Min, 300 To 600 M/Min, 601 To 800 M/Min, Above 800 M/Min
3) By Substrate: Paper, Plastic, Metal, Textile
4) By Application: Food And Beverages, Household Cleaning Products, Electronics, Cosmetics, Pharmacy And Healthcare, Other Applications
Subsegments:
1) By Manual: Handheld Converting Tools, Manual Cutting Machines
2) By Semi-Automatic: Semi-Automatic Cutting Machines, Semi-Automatic Folding Equipment
3) By Automatic: Fully Automatic Cutting Machines, Fully Automatic Folding And Gluing Machines
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Who are the top competitors in the converting equipment market?
Major companies operating in the converting equipment market report are Parkland International, Nordson Corporation, Bobst Group SA, Davis-Standard LLC, Wittenstein SE, Paper Converting Machine Company (PCMC), Mark Andy Inc., Kampf Machinery Corporation, C. G. Bretting Manufacturing Co. Inc., Rotometrics International Ltd., Nordmeccanica Group, Comexi Group, Parkinson Technologies Inc., Delta Industrial Services Inc., Karlville Development LLC, Ghezzi & Annoni S.R.L., Elsner Engineering Works Inc., New Era Converting Machinery Inc., Ashe Converting Equipment, Catbridge Machinery LLC, Tidland Corporation, Atlas Converting Equipment Ltd., Keene Technology Inc., AZCO Corp, Universal Converting Equipment, Maxson Automatic Machinery Company, Schober USA Inc., CMS Industrial Technologies LLC, Uteco Converting S.p.A., Valmet Oyj
Which key trends are expected to influence the converting equipment market in the coming years?
Major companies operating in the converting equipment market are focusing on developing innovative products like precision rotary die-cutting machines to provide reliable services to their customers. A precision rotary die-cutting press is a machine with a sharp blade mounted on a rotating cylinder, and the material is fed through the machine as the cylinder turns to cut materials such as paper, fabric, and leather with great accuracy. For instance, in September 2022, JBC Technologies Inc., a US-based converting equipment manufacturer developing die-cutting and non-metallic fabrication products, launched the Dorey Converting Systems (DCS) precision rotary die-cutting press. This revolutionary rotary press has the finest capability for intricate die-cut components that can laminate various substances together, die-cut complicated forms with precise tolerances, and conduct operations such as island placement all in line. The press comprises a six-camera integrated closed-loop vision system for tracking high-speed production. The positioning of inspection cameras after the manufacturing procedure is another vital part of the latest DCS rotary die-cutting press’s in-line vision system.
Which regional trends are influencing the converting equipment market, and which area dominates the industry?
Asia-Pacific was the largest region in the converting equipment market in 2024. The regions covered in the converting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Converting Equipment Market Report 2025 Offer?
The converting equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Converting equipment refers to machinery or industrial equipment used in manufacturing and production to transform raw materials, semi-finished goods, or components into finished products. Converting equipment plays a crucial role in streamlining production processes, improving efficiency, and ensuring the quality of the final products in many manufacturing industries.
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