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Die-Cutting Service Market Trends

Report ID: GMI11770
Published Date: Oct 2024
Report Format: PDF

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Die-Cutting Service Market Trends

Die-cutting technologies have seen significant innovations, including digital die-cutting, laser cutting, and automation. These advancements enhance precision, speed, and efficiency, enabling more intricate designs and quicker production times. Consequently, die-cutting has become a favored choice for manufacturers. The automotive industry is turning to die-cutting services for components such as insulation materials, gaskets, and interior parts. With the automotive sector's technological evolution, the demand for accurate and dependable die-cutting solutions is on the rise.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.

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.