The market for Folding Gluing Machines Market is expected to reach USD$ 525.1 Mn. in 2027.
Globally, the folding gluing machines market is projected to rise with a CAGR of 5.4% over the forecast period from 2019 to 2027, starting in 2018, with a market value of US$ 525.1 million. Folding glue machines are mainly used to convert and fold flat sheets of various sizes in to various boxes based on the requirement. These machines allow the manufacturer to develop several types of boxes, including crash-lock bottom, straight-line, pocket-fold, and multi-corner boxes. Additionally, folding gluing machines can also use and process different materials, including micro flutes, litho-laminates, plastics, solid boards, and others.
There has been an increase in the demand for boxes in recent years due to the increasing demand for consumer electronics such as mobile phones, LCDs, LEDs, refrigerators, and others, which are increasing the demand for gluing machines. Moreover, the increasing use of these machines in various industries is also driving the market. However, high initial investment and implementation costs are expected to restrain the market growth during the forecast period.
In 2018, the overall folding gluing machines market was led by the straight-line boxes segment in its fold-type segment, contributing to a market share of over 30% of the total revenue generated globally. The usage of folding glue machines is increasing among various food industries due to increasing consumer demand and packaging requirements. The usage of folding and gluing machines helps manufacturers reduce the manufacturing cost of corrugated boxes and results in high-quality corrugated containers.
The market for folding and gluing machines was led by Europe, with more than 1/3 of the total market revenue. The market here enjoys the presence of various key players such as Bobst Group SA, Heidelberger Druckmaschinen Aktiengesellschaft, EMBA Machinery AB, Wilhelm Bahmüeller Maschinenbau Praezisionswerkzeuge GmbH, and others, which are offering various machines to the end-user to reduce their work.
Moreover, the presence of various end-user industries, such as the agriculture industry, food processing industry, construction industry, and others, is also contributing to the growth of the market. However, the Asia-Pacific region is expected to be the fastest-growing region in the market. This regional segment is projected to grow at a CAGR of over 6.1% during the forecast period.
Some of the prominent players operating in the folding gluing machines market include Heidelberger Druckmaschinen Aktiengesellschaft, Bobst Group SA, Barry-Wehmiller Group, Inc., EMBA Machinery AB, Ishikawa Seisakusho Co., Ltd., WILHELM BAHMUELLER Maschinenbau Praezisionswerkzeuge GmbH, Fidia Macchine Grafiche S.r.l., Vijaya Grafiks Inc., Lamina System AB, and Sixpack S.r.l.
This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.
The folding glue machines market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global folding gluing machines market based on fold type, sheet size, machine type, end-user, and geography. Key segments covered in the report are as follows:
The market for Folding Gluing Machines Market is expected to reach USD$ 525.1 Mn. in 2027.
The Folding Gluing Machines Market is expected to see significant CAGR growth over the coming years, at 5.4%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Barry-Wehmiller Group, Inc., EMBA Machinery AB, Ishikawa Seisakusho Co., Ltd. are some of the major players in the global market.