The sleeving machines market size is projected to reach a valuation of USD 2.9 billion in 2023. The market is anticipated to generate revenues worth USD 4.1 billion by the end of 2033. It is estimated to surge at a moderate CAGR of 3.4% during the forecast period.
Sleeving machine sales are surging on a global scale as they efficiently apply sleeves or shrink labels to various products at a fast pace. A few of these include bottles, cans, jars, containers, and even electrical wires & cables. These machines are widely used in the food & beverage, pharmaceuticals, personal care, and other packaging industries.
Sleeving machines offer improved packaging efficiency by automating the process of applying sleeves to products. This automation helps companies streamline their packaging operations, increase production speed, and reduce labor costs.
Sleeving machines also enable the application of shrink sleeves or labels that enhance product branding and marketing efforts. Sleeves can be customized with vibrant graphics, product information, and promotional messages. These strategies would help to make products more visually appealing and engaging for consumers.
Sleeves can provide an additional layer of protection for products, preventing tampering, counterfeiting, and damage during transportation. This added security can be particularly important for industries such as pharmaceuticals, food & beverage, and cosmetics.
In certain industries, regulations require specific labeling and packaging standards. Sleeving machines allow companies to comply with these regulations efficiently. For instance, nutritional information, ingredient lists, barcodes, and warning labels can be accurately applied to products using sleeving machines.
Sleeving machines further offer flexibility in terms of label application, allowing companies to differentiate their products in the market. Various sleeve types, sizes, and designs can be easily implemented, catering to different product shapes and sizes. This versatility helps businesses stand out on the shelves and attract attention.
Investing in sleeving machines can lead to long-term cost savings. By automating the sleeving process, companies can reduce manual labor costs and minimize errors associated with manual labeling. Bulk purchasing of sleeves and labels can also be more cost-effective when using sleeving machines.
| Attributes | Key Insights |
|---|---|
| Sleeving Machines Market Estimated Size (2023E) | USD 2.9 billion |
| Projected Market Valuation (2033F) | USD 4.1 billion |
| Value-based CAGR (2023 to 2033) | 3.4% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
From 2018 to 2022, the global sleeving machines industry experienced sluggish growth at a CAGR of 1.9%. It reached a valuation of USD 2.8 billion in 2022.
From 2018 to 2022, the global market witnessed slow but steady growth due to rising demand for safe and secure seals on packaging during storage & transportation. Increasing awareness about tamper-evident attributes is another factor that pushed the market forward. Customization offered by sleeving machine manufacturers further led to their widespread adoption across the globe.
The global market for sleeving machines is expected to flourish at a CAGR of 3.4% from 2023 to 2033. The market is estimated to expand at a moderate pace amid increased digitalization in the world.
Various leading manufacturers are developing sleeving machines that can be connected to the internet or digital app. This would enable users to communicate & coordinate speed, turn-around time, and maintain running time.
Such features can help to improve the efficiency and productivity of the entire sleeving process. The market is also likely to witness significant growth in Asia Pacific due to the presence of developing economies such as China and India.
Pharmaceutical Companies in the United States to Look for Advanced Sleeve Shrinking Machines
| Country | The United States |
|---|---|
| Estimated Market Size (2033) | USD 857.2 million |
| Value-based CAGR (2023 to 2033) | 3.1% |
The United States' sleeving machines industry is estimated to reach a valuation of USD 857.2 million by 2033. It is projected to create an incremental opportunity of USD 231.1 million in the next ten years.
As sleeving machines are increasingly being used to print on pharmaceutical packaging, their demand in the United States is expected to witness steady growth. The country is home to one of the largest pharmaceutical markets in the world, and this factor would bode well for the industry.
Rising Demand for Automation in Japan to Fuel Sales of Sleeve Printing Machines by 2033
| Country | Japan |
|---|---|
| Estimated Market Size (2033) | USD 237.8 million |
| Value-based CAGR (2023 to 2033) | 2.3% |
he sleeving machines industry in Japan is estimated to cross a valuation of USD 237.8 million by the end of 2033, expanding 1.2 times its current size. Key players in the country are known for their focus on high-quality products.
Sleeving machines with advanced technology that can deliver precise, high-quality printing, and product handling are gaining momentum in the country. Due to excessive shortage of labor in Japan, automation in packaging operations is also contributing to growth in the country’s sleeving machines industry.
Demand for Automatic Sleeve Sealing Machines to Expand Worldwide through 2033
The automatic segment in terms of automation is set to bolster the sleeving machines market at a CAGR of 3.9% from 2023 to 2033. Automatic sleeving machines provide a high level of automation and efficiency to the sleeving process.
These machines can automatically initiate feeding, cutting, and applying shrink sleeves to containers. They can eliminate the need for manual labor and cut down costs for the same. These machines are also widely known to be more precise and produce results with minimal variation, which is escalating their demand.
Demand for Tamper-evident Sleeve Cutting Machines to Rise with Availability of Counterfeit Products
Tamper evident labels are designed to offer an easy opening method while featuring a tab, wrap, or seal. These provide a visual indication if the product has been opened. This feature is especially crucial for industries such as food, beverage, and pharmaceuticals where health of the consumer might be compromised due to consumption of a tampered product.
Such an attractive attribute is fueling the popularity of tamper-evident banding machines. They deliver increased product safety and security.
Consumers are becoming more aware of the risks associated with counterfeit and tampered products. They are increasingly looking for products that have been verified as safe and authentic. They are hence pushing renowned players in the sleeving machines industry to focus more on producing tamper-evident banding machines.
Food & Beverage Manufacturers to Create High Demand for Automatic Sleeving Machines
The food & beverage industry is considered to be the most prominent end user of sleeving machines in the world. Its wide range of labeling demands is fulfilled by these machines.
Sleeving machines are used in the beverage packaging sector to apply sleeves to bottles & cans that contain beverages such as soda, juice, beer, and wine. These machines can also be used for packaging food products such as snacks, sauces, and condiments packed in different types of containers.
Sleeving machines can apply sleeves to various packaging material substrates such as glass, plastic, and metal containers. These can further create a seamless and visually attractive label for the product, which would propel their demand.
The sleeving machines market is highly competitive and characterized by the presence of several key players offering a wide range of products & services. These companies strive to gain a competitive edge through innovation, technological advancements, product diversification, and strategic partnerships.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Product Innovation Driven by High Demand
Sleeving machine manufacturers are pinning more focus on developing new product offerings, with a spotlight on tamper-evident banding machines. These are gaining speedy popularity across the globe.
Investment in Research and Development
Key players in the sleeving machines industry are investing heavily in their research & development departments. They aim to offer faster and more efficient equipment at an affordable cost for consumers, further driving sales of their products.
Expansion into Emerging Markets
The global market is witnessing growth at a fast pace in emerging economies such as Brazil, India, and China. Leading players are looking to expand their presence in such markets by opening operational facilities and expanding their distribution networks.
Key developments in the sleeving machines industry:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 2.9 billion |
| Projected Market Valuation (2033) | USD 4.1 billion |
| Value-based CAGR (2023 to 2033) | 3.4% |
| FORECAST PERIOD | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD billion) and Volume (tons) |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Central Asia; East Asia; Russia & Belarus; Balkan & Baltic Countries; The Middle East & Africa; and South Asia & Pacific |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC countries, and South Africa |
| Key Market Segments Covered | By Automation, By Machine Type, By End Use, By Region |
| Key Companies Profiled | Accutek Packaging Equipment Companies Inc.; Advanced Dynamics LTD; Cama Group; Sleeve Technology BV; PDC International Corporation; Baltic Packaging Systems OU; Allen Plastic Industries Co., Ltd.; AgriNomix LLC; Graphic Packaging International; American Film & Machinery; Axon, LLC; Karlville Development, LLC; Krones AG; Barry-Wehmiller Companies, Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, Strategic Growth Initiatives |
The sleeving machines market is anticipated to surpass USD 2.9 billion by 2023.
In 2033, sales are expected to reach USD 4.1 billion.
The market is expected to develop at a CAGR of 3.4% through 2033.
By 2033, the United States market is expected to be worth USD 857.2 million.
From 2023 to 2033, the Japan sleeving machines market is expected to accelerate at a CAGR of 2.3%.
From 2018 to 2022, the global market progressed slowly, at a CAGR of 1.9%.
Explore Packaging Machinery Insights
View Reports
Sleeving Machines Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
