The overall sales of Thermal Laminating Achines in the global market were estimated to be valued at around USD 587 Million in the current year 2022 and are further anticipated to register a 5% CAGR from 2022 to 2032. The global market for thermal laminating machines is predicted to reach nearly USD 956 Million by the year 2032, according to Future Market Insights.
| Attributes | Details |
|---|---|
| Market Size Value (2022) | USD 587 Million |
| Market Size Value (2032) | USD 956 Million |
| Market Growth Rate (2022 to 2032) | 5% |
The thermal laminating machine is a simple-to-use piece of equipment that offers a high-quality coating to safeguard several types of commodities and products produced in industries.
The market for thermal laminating machines is anticipated to increase as a result of a number of important reasons, including an increasing demand for premium products and expanding sectors in the gift packaging, online merchandise business, and pharmaceutical products.
The top competitors in the industry have introduced new models with enhanced capabilities and additional functionalities that have completely transformed the existing market dynamics for the sales of thermal laminating machines. These key players have taken essential actions to increase the devices' reliability and general performance, which is anticipated to make the overall market competitive and tough for new players to enter the market.
The majority of the top companies are formulating their approaches for the long term rather than focusing on immediate cost reductions. The increasing use of thermal laminating machines in several new fields of application, including photographs and print advertising, is anticipated to fuel the sales of the market over the forecast years.
Yet, throughout the anticipated time, process inadequacies and high operating costs are predicted to restrain the demand for thermal laminating machines. Moreover, the stern rules formulated by many governments following the growing concern over the ill effects of plastic and similar polymers are poised to remain a major challenge for the propagation of thermal laminating machine market trends around the world.
Before and during the forecast years, the wet lamination segment is estimated to contribute the largest share of the global thermal laminating machine market. It is ideal for laminating wide variety of commodities, including lunch and cake boxes, cigarette box wrapping, and many more.
Presently, the market share of the wet thermal laminating machines segment is being driven by an increase in demand from the food processing and packaging sectors.
Based on the materials used for lamination, the film sector is figured out to have the highest revenue share and is predicted to remain the most preferred laminating material in the coming days as well. On the other hand, throughout these forecast years, it is anticipated that the aerospace and automotive manufacturing sectors would emerge as the biggest end-user verticals for thermal laminating machine industries.
With the advancement of technology in every aspect of life, automation is gaining traction due to its efficient, effective, faster and safer application. The thermal laminating machine is a type of automated packaging solution that is serving the need for lamination at a faster rate. It is an easy to use machine that provides high quality lamination to protect the products.
The laminator use the heat to seal the film or pouch and provide durable crystal clear laminate protection. Automated setting is for frequent office use, whereas one step laminates is ideal for home projects. These thermal laminator are equipped with rollers that provides professional and clean lamination finishes with no bubbling or hazing.
These thermal laminating machines provide adjustable digital temperature controls, which allows the user to adjust the laminating temperature.
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One of the significant factors towards the growth of thermal laminating machine market is the effective solution which is required to keep the product stronger, more durable, and more flexible as well as add an enhanced aesthetic features.
In addition to this, the reason towards the growth of thermal laminating machine market is the additional last longer solution which thermal laminating machine provides to the company in order to provide an effective solution to advertise and promote the services or product.
Another aspect towards the growth of thermal laminating machine market is the rising disposable income among the individual. However, the restraining factor towards the growth of the thermal laminating machine market is the continuous inclination towards the use of cloud based storage free application such as google drive, drop box, etc. which provide any document whenever required with no efforts related to carrying the documents everywhere.
Moreover, another factor that is hindering the growth of thermal laminating machine market is the introduction of mobile wallet, bank application and net banking, which might obstruct the use of debit cards as these cards required a lamination solution.
Furthermore, the government stringent regulation over the use of plastic for laminating is expected to restrain the growth of thermal laminating machine market. Adding to this, the high electricity cost is expected to hamper the growth of thermal laminating machine market as these machines requires huge consumption of electricity.
Geographically, the global thermal laminating machine market is segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East Africa (MEA). The global thermal laminating machine market is expected to witness a stable CAGR over the forecast period of 2016 to 2024.
Moreover, North America is expected to be the largest market for thermal laminating machine market, due to the rising disposable income among individual. Moreover, the extensive use of advertising and promotion in India, by means of trade show, flexible graphics, floor graphics, vehicle graphics, etc. is expected to boost the sales of thermal laminating machine.
In addition to this, the evolution of the individual in terms rising living standard among middle income groups, increasing urbanization and expanding working population in the growing economies such as China and India as well is expected to further improve the sales in the thermal laminating machine market in Asia Pacific by the end of the forecast period of 2016 to 2024.
Rest of the world is anticipated to show steady growth in thermal laminating machine market.
Some of the major players identified across the globe in the thermal laminating machine market are Thermal Laminating Corporation, Spiral Binding Company, Inc, Memphis Laminating Company, GMP CO., LTD., Autobond Laminating Ltd, Australian Laminating Company Pty Ltd, 3M Company, DK Group, PKC Co. and Ltd, TAULER S.L.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.
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The global thermal laminating machine market is segmented on the basis of product type, technology type, driven type, number of roller type and application type. On the basis of product type, thermal laminating machine market can be segmented into roll laminators and pouch laminators, wherein roll laminators saves considerable amount of time as compared to pouch laminator.
On the basis of technology type, thermal laminating machine market can be segmented into automatic thermal laminating machine and semi-automatic thermal laminating machine. On the basis of driven type, thermal laminating machine market can be segmented into electric, pneumatic and hydraulic.
On the basis of number of rollers, thermal laminating machine market can be segmented into 2 roller laminator, 4 roller laminator and 6 roller laminator. On the basis of application type, thermal laminating machine market can be segmented into retail consumer, institutional and industrial.
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The market is likely to register a CAGR of 5% through 2032.
The market is currently valued at USD 587 Million in 2022.
The market is likely to grow to a valuation of USD 956 Million by 2032
North America is likely to be a leading market during the forecast period.
| Market Size Value in 2023 | USD 5.3 billion |
|---|---|
| Market Forecast Value in 2033 | USD 7.4 billion |
| Global CAGR (2023 to 2033) | 3.5 % |
| Expected Market Value in 2023 | USD 850 Million |
|---|---|
| Projected Market Value in 2033 | USD 1,500 Million |
| CAGR (2023 to 2033) | 5.8% |
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