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Sleeving Machines Market Trends

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

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Sleeving Machines Market Trends

The sleeving machines industry is increasingly driven by a growing preference for eco-friendly packaging. In response to consumer demand for sustainability, manufacturers are turning to biodegradable and recyclable sleeves. Innovations in machine development aims to minimize waste during the process, thereby enhancing efficiency. For instance, Sleever International has launched its LDPET sleeve, which is fully recyclable and aligns seamlessly with PET bottle recycling streams. The industry is also embracing energy-efficient technologies, aiming to curtail energy consumption and carbon emissions. Furthermore, the push for sustainable sleeving options is being fueled by stricter packaging waste regulations. In a bid to boost sustainability, companies are engaging in partnerships with suppliers that prioritize eco-friendliness, thus cultivating a greener supply chain. Additionally, advancements in production processes are leading to reduced water consumption and emissions, furthering the industry's commitment to sustainability.

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.