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Die-Cutting Service Market Share
The die-cutting service industry is fragmented, with several regional companies operating on a global scale. In 2023, the Bernard Group, Gardico Inc, Colvin-Friedman Company, The Strouse Corporation, American Industrial Company led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.
Die-Cutting Service Market Companies
Major players operating in the die-cutting service industry are:
- American Industrial Company
- Baril Corporation
- Bernard Group
- Colvin-Friedman Company
- Custom Fabricating & Supplies , Inc.
- Eurolaser
- Gardico Inc
- Heubach Corporation
- The Strouse Corporation
- Thrust Industries
How big is the die-cutting service market?
The global market for die-cutting service was reached USD 2 billion in 2023 and is expected to grow at a CAGR of over 3.8% from 2024 to 2032, attributed to its widespread applications in various industries, including packaging, automotive, textiles, electronics, and healthcare.
What is the significance of the rotary die-cutting segment in the market?
The rotary die-cutting segment accounted for approximately 44% share of the market in 2023 and expected to grow at a CAGR of 4% through 2032, due to its high-speed operations, enabling the swift production of substantial volumes of die-cut products.
Which end-use segment dominates the die-cutting service market?
The packaging segment dominated the die-cutting service market in 2023, holding around 52% of the market share, attributed to the pivotal role packaging plays in marketing and branding.
How is the Asia Pacific die-cutting service market expected to grow by 2032?
The Asia Pacific market for die-cutting service is projected to reach USD 1 billion by 2032, due to the rapid industrialization across multiple sectors, including packaging, automotive, textiles, and electronics.
Which companies define the competitive landscape of die-cutting service industry?
Major key players in the die-cutting service market include American Industrial Company, Baril Corporation, Bernard Group, Colvin-Friedman Company, Custom Fabricating & Supplies, Inc., Eurolaser, Gardico Inc, Heubach Corporation, The Strouse Corporation, and Thrust Industries.