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Sleeving Machines Market Size

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

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Sleeving Machines Market Size

The global sleeving machines market was valued at around USD 2.9 billion in 2023 and is estimated to grow at a CAGR of around 3.5% from 2024 to 2032. Surge in demand for automated packaging solutions is increasing the demand for automated packaging solutions.

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Industries such as food & beverage, pharmaceuticals, and consumer goods are adopting automation to boost production, lower labor costs, and ensure consistency. Automated packaging systems, like sleeving machines, provide flexibility, accuracy, and can handle high volumes, making them crucial in today's market. Additionally, automation helps businesses meet strict regulations and consumer preferences for secure, tamper-evident packaging.

Additionally, the growing e-commerce sector is further boosting the sleeving machines market by increasing the need for efficient and attractive packaging solutions. As online shopping rises, businesses need versatile sleeving machines to handle various products packaging, improve brand visibility, and manage higher order volumes. Overall, the growth of e-commerce is creating strong demand for advanced sleeving solutions in this market.

Sleeving Machines Market Report Attributes
Report Attribute	Details
Base Year:	2023
Sleeving Machines Market Size in 2023:	USD 2.9 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	3.5%
2024 – 2032 Value Projection:	USD 4 Billion
Historical Data for:	2021 – 2023
No. of Pages:	162
Tables, Charts & Figures:	321
Segments covered:	Machine Type, Automation, Application, End Use, Distribution Channel, Region
Growth Drivers:	Surge in demand for automated packaging solutions Growing e-commerce sector
Pitfalls & Challenges:	Compliance with stringent regulations

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Manufacturers in the sleeving machines market face significant challenges due to regulatory compliance. They must navigate a complex landscape of packaging regulations, which often emphasize safety standards, environmental sustainability, and material usage. As a result, companies are bound to invest in research and development to ensure their products align with legal standards. Failing to comply can result in fines, product recalls, and affect brand reputation. These challenges can complicate production processes and affect the overall presence in the market.

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.