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Sleeving Machines Market Share

Report ID: GMI11563
Published Date: Sep 2024
Report Format: PDF

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Sleeving Machines Market Share

Sleeving Machines Market Company Share Analysis (2023)

In 2023, key companies like CFT Group, General Packaging International, KHS, ProMach and Sidel Group held a combined market share of 30%-35%. These companies are pursuing mergers, acquisitions, facility expansions, and collaborations to strengthen their product portfolios, expand their customer base, and solidify their market positions. Additionally, manufacturers are adopting automated technologies in sleeving machines and opting for eco-friendly packaging materials to increase their market presence.

Sleeving Machines Market Companies

Major companies operating in the sleeving machines industry include:

Accutek Packaging Companies
Allen Plastic Industries
American Film & Machinery Sleeves
Brothers Pharma Mach India
CFT Group
General Packaging International
Gosunm Intelligent Industry
Harikrushna Machines
KHS
Krones
Pack Leader USA
ProMach
Shanghai Procus Industrial
Sidel Group
Sleeve Technology

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for sleeving machines was valued at approximately USD 2.9 billion in 2023 and is projected to grow at a CAGR of around 3.5% from 2024 to 2032, driven by the increasing demand for automated packaging solutions, especially in industries such as food & beverages, pharmaceuticals, and consumer goods.

Semi-automatic sleeving machines held around 62% of the total market share in 2023 and are projected to grow at a CAGR of 3.7% during the forecast period. These machines are popular due to their efficiency, minimal operator input, and cost-effectiveness.

Asia Pacific led the sleeving machines industry in 2023 with a market share of approximately 41.7% and is expected to grow at a CAGR of around 4.3% over 2024-2032. Rapid industrialization in countries like China and India is driving this dominance.

Key companies in the market include Accutek Packaging Companies, Allen Plastic Industries, American Film & Machinery Sleeves, Brothers Pharma Mach India, CFT Group, General Packaging International, Gosunm Intelligent Industry, Harikrushna Machines, KHS, Krones, Pack Leader USA, ProMach, Shanghai Procus Industrial, Sidel Group, and Sleeve Technology.