The Slitter Rewinder Machines Market Is Estimated At US$ ~1.2 Bn In 2022 And Is Projected To Reach US$ ~1.5 Bn By 2028
Press Release from Future Market Insights
Slitter Rewinder Machines Market Snapshot
The slitter rewinder machines market is estimated at US$ ~1.2 Bn in 2022 and is projected to reach US$ ~1.5 Bn by 2028, at a CAGR of 3.8% from 2022 to 2028.
The slitter rewinder machines market saw soaring growth in 2021 with worldwide revenues up 4.2% year over year. A new forecast by FMI estimates that slitter rewinder machines revenues will increase between 2022 and 2028 along with creating an incremental opportunity of US$ ~334 Mn during the forecasted period.
Newly released data from slitter rewinder machines market analysis shows that global sales of the overall center winder slitter rewinder machines market is anticipated to register a CAGR of 3.5% during 2022-2028 along with holding the market value of US$ ~753 Mn by the end of 2028.
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APEJ region is anticipated to remain the leading region for slitter rewinder machines market among the other regions. APEJ is estimated to hold around 42% of the market value share by the end of 2028.
The slitter rewinder machines market constitute around 2% of the global packaging machinery market worth US$ ~58 Bn in 2021.
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.
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Sustainability Issues Associated with Plastic to Shape Adoption Patterns
As presented in the report, paper and plastic converting applications continue to cumulatively cover a whopping 94% share in the market value. However, applications in plastic and plastic-based material converting are witnessing a strong challenge for further growth owing to the ascending environmental concerns across the globe. Paper has been projected for a significant incremental opportunity, as highlighted in the report.
As the challenges associated with the use of plastic films and plastic-based materials are raising sustainability concerns to a great extent, the demand for slitter rewinder machines in plastic converting applications is stagnated.
As a result, the sales of center slitter rewinder machines are falling. However, it is conversely pushing prospects of surface winder machines and center-surface winder machines used predominantly in paper converting applications. A few other prominent applications include converting of technical films and a range of pressure sensitive materials.
APEJ Continues to Reflect Hefty Investment Potential
With more than 35% of the total market value and a substantial incremental opportunity projection, APEJ remains the most lucrative region for penetration of slitter rewinder machines.
On the other side, North America and Western Europe hold a relatively similar share in the market value, representing the second highest performing regions in slitter rewinder machines marketplace.
Rampant expansion of plastic and packaging industries across developing Asian economies is prominently attributed to the growth of APEJ market for slitter rewinder machines.
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Brisk growth in the demand for converting applications is identified to be a strong factor propelling the number of converting firms – thereby fueling the revenue growth of slitter rewinder machines market.
The flourishing paper industry in MEA is most likely to create lucrative deployment opportunities for manufacturers and suppliers of slitter rewinder machines in the region. The report indicates a moderate yearly revenue of MEA slitter rewinder machines market in and ahead of 2019.
A majority of the revenue share bracket for manufacturers belongs to Tier 2 players owing to their strong overseas presence and specialized offerings specific to the slitter rewinder machines market.
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