PUBLISHER: The Insight Partners | PRODUCT CODE: 1394045
PUBLISHER: The Insight Partners | PRODUCT CODE: 1394045
The Europe temporary protective film industrial laminating machine market is expected to grow from US$ 43.31 million in 2022 to US$ 61.25 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.
Growing Demand for Laminating Machines in Food & Beverages Industry Fuel Europe Temporary Protective Film Industrial Laminating Machine Market
Laminating machines are used for the packaging of processed food, ready-to-eat meals, and packed food. In the food & beverages industry, temporary protective films are used for the flexible packaging of both cooked and uncooked foodstuffs to protect them from contamination. Further, efficient lamination provided by these machines helps extend the shelf life of the food. The rapid proliferation of food delivery outlets worldwide is contributing to the growth of the temporary protective film industrial laminating machine market. Also, due to the user-friendly apps coupled with changing consumer expectations, the demand for ready-to-eat food delivery is increasing across the region, which is further rising the need for industrial laminator in the market. Thus, the rising demand for food delivery will also rise the demand for industrial laminator to protect the food items from contamination. Furthermore, the shift of people towards higher-quality packaged food items as they have become more conscious about a healthy lifestyle is rising the need for protective film laminators, thus boosting the growth of the temporary protective film industrial laminating machine market. Thus, a flourishing food & beverages industry worldwide is boosting the temporary protective film industrial laminating machine market growth.
Europe Temporary Protective Film Industrial Laminating Machine Market Overview
The temporary protective film industrial laminating machine market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The growing manufacturing and automotive sectors and increasing strategic decisions by the market players are expected to boost the market growth in the region during the forecast period. In April 2020, Bobst Italia SpA announced the launch of a new solventless modular laminating machine-NOVA SX 550 LAMINATOR. NOVA SX 550 LAMINATOR handles a wide range of thicknesses and substrates, including thin aluminum foil, metalized film, and stretchable substrates. In January 2019, Kiefel GmbH announced the launch of vacuum laminating technology called tailored blank laminating for the automotive industry.
The automotive industry is one of the largest industries in Europe, representing ~7% of the region's GDP. According to the European Automobile Manufacturers' Association (ACEA), vehicle sales in Europe increased by 10% in 2021 compared to 2020. Moreover, Europe has the presence of major automotive manufacturers. The increasing production and sales of EVs and the presence of major manufacturers and suppliers with strong brand value and technological and financial capabilities are likely to propel the demand for temporary protective film industrial laminating machines in the region during the forecast period. Moreover, the overall goods manufacturing accounts for 17.3% of the European GDP and 83% of exports in 2022, making Europe the world's largest exporter of manufactured goods. Such growth prospects in the manufacturing and automotive industries in Europe bolster the growth of the temporary protective film industrial laminating machine market in the region.
Europe Temporary Protective Film Industrial Laminating Machine Market Revenue and Forecast to 2028 (US$ Million)
Europe Temporary Protective Film Industrial Laminating Machine Market Segmentation
The Europe temporary protective film industrial laminating machine market is segmented into type, application, and country.
Based on type, the Europe temporary protective film industrial laminating machine market is segmented into manual industrial laminators and automatic industrial laminators. The automatic industrial laminators segment held a larger share of the Europe temporary protective film industrial laminating machine market in 2022.
Based on end application, the Europe temporary protective film industrial laminating machine market is segmented into medical, pharmaceutical, food and beverages, automotive, aerospace and defense, and others. The automotive segment held the largest share of the Europe temporary protective film industrial laminating machine market in 2022.
Based on country, the Europe temporary protective film industrial laminating machine market is segmented into the France, Germany, UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe temporary protective film industrial laminating machine market in 2022.
Ashton Industrial Sales Ltd (Universal Laminators), APL Machinery Pvt Ltd, Meccanica Ronzani SRL, Walco Inc, and Crest Dutch Machinery BV are some of the leading companies operating in the Europe temporary protective film industrial laminating machine market.