Sleeving Machines Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Sleeving Machines Market was worth USD 2.9 billion in 2023 and is projected to grow at 3.5% CAGR from 2024 to 2032. This growth is primarily driven by the increasing demand for automated packaging solutions across various industries, including food and beverage, pharmaceuticals, and consumer goods. Companies are turning to automation to enhance production efficiency, reduce labor costs, and maintain consistency in their packaging processes. Automated packaging systems, particularly sleeving machines, offer flexibility, precision, and the capacity to manage high volumes, making them essential in the contemporary packaging landscape. Furthermore, automation enables businesses to comply with stringent regulations and consumer expectations for secure, tamper-evident packaging.

The market can be categorized by machine type into shrink sleeve labeling machines, stretch sleeve labeling machines, roll-fed labeling machines, and others such as heat tunnel machines. Among these, shrink sleeve labeling machines have emerged as the market leader, generating approximately USD 1.41 billion in revenue in 2023 and expected to reach around USD 1.94 billion by 2032. The versatility of shrink sleeve machines allows them to accommodate a wide range of product shapes and sizes, making them particularly advantageous for industries like food and pharmaceuticals. These machines not only enhance product aesthetics with comprehensive branding but also provide safety features. In terms of application, the market is divided into manual, semi-automatic, and automatic segments.

The semi-automatic segment captured about 62% of the total market share in 2023 and is anticipated to grow at a CAGR of 3.7% during the forecast period. Semi-automatic sleeving machines are popular due to their effectiveness and cost efficiency. Requiring minimal operator intervention, these machines are well-suited for medium-volume production, allowing for quick changeovers and the handling of various products. The Asia-Pacific region leads the sleeving machines market, accounting for roughly 41.7% of the market share in 2023. This region is expected to experience a CAGR of around 4.3% during the forecast period.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$2.9 Billion
Forecast Value	$4 Billion
CAGR	3.5%

The rapid pace of industrialization is reinforcing Asia-Pacific's market position. Economic developments in countries are driving the need for efficient and reliable packaging solutions across various sectors, particularly in food and beverages, e-commerce, and consumer goods. This industrial growth significantly impact the demand for packaging technologies that enhance operational efficiency and meet consumer expectations.

Product Code: 11563

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Surge in demand for automated packaging solutions
  - 3.2.1.2 Growing E-commerce sector
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Compliance with stringent regulations
3.3 Growth potential analysis
3.4 Future trend analysis
3.5 Price analysis
3.6 Technological landscape
3.7 Regulatory framework
3.8 Trade analysis (HS Code- 84224000)
- 3.8.1 Top 10 Export countries
- 3.8.2 Top 10 Import countries
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Machine Type (USD Billion) (Units)

5.1 Key trends
5.2 Shrink sleeve labeling machine
5.3 Stretch sleeve labeling machine
5.4 Roll-fed labeling machine
5.5 Others (heat tunnel machine, etc.)

Chapter 6 Market Estimates & Forecast, By Automation (USD Billion) (Units)

6.1 Key trends
6.2 Manual
6.3 Semi-automatic
6.4 Automatic

Chapter 7 Market Estimates & Forecast, By Application (USD Billion) (Units)

7.1 Key trends
7.2 Bottles
7.3 Cans
7.4 Containers
7.5 Multi-packs
7.6 Others

Chapter 8 Market Estimates & Forecast, By End Use (USD Billion) (Units)

8.1 Key trends
8.2 Food and beverage
8.3 Pharmaceuticals
8.4 Cosmetics and personal care
8.5 Chemical
8.6 Others (agriculture, electronics, etc.)

Chapter 9 Market Estimates & Forecast, By Distribution Channel (USD Billion) (Units)

9.1 Key trends
9.2 Direct
9.3 Indirect

Chapter 10 Market Estimates & Forecast, By Region (USD Billion) (Units)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 Australia
- 10.4.5 South Korea
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa

Chapter 11 Company Profiles

11.1 Accutek Packaging Companies
11.2 Allen Plastic Industries
11.3 American Film & Machinery Sleeves
11.4 Brothers Pharma Mach India
11.5 CFT Group
11.6 General Packaging International
11.7 Gosunm Intelligent Industry
11.8 Harikrushna Machines
11.9 KHS
11.10 Krones
11.11 Pack Leader USA
11.12 ProMach
11.13 Shanghai Procus Industrial
11.14 Sidel Group
11.15 Sleeve Technology

Sleeving Machines Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032