Lamination Systems Market Outlook, 2032
The global lamination systems market was valued at $458.2 million in 2022 and is projected to reach $720.5 million by 2032, growing at a CAGR of 4.7% from 2023 to 2032.
The Lamination systems are devices that cover a paper or other substance on both sides with a protective covering, typically a plastic sheet. This layer is typically a polyethylene sheet. The primary growth factors of the global lamination systems market are technological progress leading to increased demand, increased demand for lamination systems for industrial packing, and increased usage in the healthcare sector.
Furthermore, the increased adoption of hot pouch lamination systems in emerging countries such as China, India, and others is anticipated to generate new possibilities for the global lamination systems market. However, increased R&D costs, as well as a loss of effectiveness in a stringent and harsh working atmosphere, are the major restraints for the global lamination systems market.
In the coming years, the packaging industry is expected to generate cash output with investments in R&D and tests. However, the lamination system market has neared its maturing stage and is expected to create lamination systems market opportunities for key players in the coming years. The current automation tendency in the packaging business has resulted in inventions and improvements. The increase in demand for laminating machines in different end-use sectors attracted new players. Manufacturers concentrate on introducing changes and advancements to obtain a competitive advantage. New products with enhanced functionality are being introduced. Machines with increased machine precision and power have entered the market. Automation methods are being implemented by manufacturers to reduce labor expenses and improve productivity. As a result, numerous advancements and innovations introduced by manufacturers increase the demand for laminating machines.
Factors such as the growth in the adoption of glass lamination systems in aerospace and automotive applications for printing purposes and the associated benefits, and the integration of advanced technologies in lamination systems are expected to drive the lamination systems market growth in the future. However, high equipment costs act as major barriers and hamper market growth. Furthermore, the growth in the use of high-temperature lamination is expected to offer lucrative opportunities for the lamination system market. The impact of COVID-19 on the lamination systems industry has been mixed. While there have been some challenges, such as supply chain disruptions and reduced demand, there have also been opportunities, such as increased demand for portable lamination machines.
Segment Overview
The lamination systems market outlook is segmented into Type, Technology, and Application.
On the basis of type, the market is classified into hot pouch laminating machines, cold pouch laminating machines, and roll laminating machines. In 2022, the hot pouch laminating machine segment dominated the market in terms of revenue, and the old pouch laminating machine segment will acquire major market share till 2032.
On the basis of technology, it is categorized into liquid lamination, low temperature lamination, high temperature lamination, pressure sensitive lamination, and thermal lamination. The high-temperature lamination segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2023 to 2032.
Based on the application, it is classified into printing factories, printing shops, and others. The printing factories segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2023 to 2032.
Region-wise, the lamination systems market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America remains a significant participant in the lamination systems market.
Country Analysis
Country-wise, the U.S. acquired a prime lamination systems market share in the lamination systems market in the North American region and is expected to grow at a significant CAGR during the forecast period of 2023-2032.
In Europe, Germany dominated the lamination systems market in terms of revenue in 2022 and is expected to follow the same trend during the forecast period. However, the UK and the rest of Europe are expected to emerge as the fastest-growing countries in Europe's Lamination systems with a CAGR of 4.5% and 4.2%, respectively.
In Asia-Pacific, India is expected to emerge as a significant market for the Lamination systems market industry, owing to a significant rise in investment by prime players in the region.
In the LAMEA region, Latin America garnered a significant market share in 2022. The LAMEA Lamination systems market has been witnessing improvement, owing to the growing inclination of companies towards research and development and expanding manufacturing units across this region. Moreover, the Africa region is expected to grow at a high CAGR of 6.4% from 2023 to 2032.
Competitive Analysis
Competitive analysis and profiles of the major global Lamination systems market players that have been provided in the report include Bobst, Comexi Group Industries, HMT Manufacturing Inc., Black Bros. Co., Monotech Systems Ltd, Graphco, Equinox Precision Corp., Faustel Inc., Frimo Group Gmbh, and Menxel Machinenbau.
Top Impacting Factors
The lamination systems market analysis is anticipated to expand significantly during the forecast period, owing to increased demand for durable and high-quality materials and growth in the adoption of lamination systems in the pharmaceutical sector. Additionally, during the forecast period, the Lamination systems market is anticipated to benefit from a surge in demand for lamination systems in the food and beverage industry. On the other hand, growth in the Lamination systems market is expected to be restrained by the larger initial investments in lamination technologies.
Historical Data and Information
The global Lamination systems market is highly competitive, owing to the strong presence of existing vendors. Vendors of the Lamination systems market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to worsen as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Key Developments/ Strategies
Bobst, Comexi Group Industries, HMT Manufacturing Inc., Black Bros. Co., Monotech Systems Ltd, Graphco, Equinox Precision Corp., Faustel Inc., Frimo Group Gmbh, and Menxel Machinenbhau are the top companies holding a prime share in the Lamination systems market. Top market players have adopted various strategies, such as product launch, acquisition, expansion, and others, to expand their foothold in the Lamination systems market.
In March 2023, Monotech Systems launched PixelFoil.A foiling solution that is designed specifically for screen printers. PixelFoil is a cutting-edge solution that provides screen printers with the ability to produce stunning and intricate foiling effects on a wide range of substrates, including paper and plastic. With its user-friendly interface and advanced technology, PixelFoil makes it easy for screen printers to create high-quality foiling effects quickly and efficiently.
In August 2021, Comexi Group Industries expanded its presence in Thailand with the trade of a high-performance ML1 MC Laminator to Prepack. Prepack is a leading supplier of flexible packaging in the country. The acquisition of the laminator would help Prepack in offering the best printing quality. Comexi Group Industries, with this expansion, had made a diverse scope in Thailand and would get major supply chain benefits.
Key Benefits for Stakeholders
- This study comprises an analytical depiction of the Lamination systems market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall Lamination systems market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current Lamination systems market forecast is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the lamination systems.
- The report includes the market share of key vendors and lamination systems market trends.
Lamination Systems Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 720.5 million |
 Growth Rate | CAGR of 4.7% |
 Forecast period | 2022 - 2032 |
 Report Pages | 416 |
 By Type |
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 By Technology |
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 By Application |
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 By Region |
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 Key Market Players | MONOTECH SYSTEMS LIMITED, HMT Manufacturing, Inc., Bobst Comexi Group Industries, Faustel Inc., Menzel Maschinenbau, FRIMO Group GmbH, Robert Bürkle GmbH, DCM ATN, Black Bros Co., Graphco |
Analyst Review
The lamination system market is expected to leverage high potential for the high temperature and low temperature lamination systems during the forecast period owing to the strong presence of existing vendors. Lamination system vendors, investing substantially in R&D and a skilled workforce, are anticipated to gain a competitive edge over their rivals. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.
The surge in demand for hot pouch lamination systems around the world for cutting, perforating, or hole-punching materials drives the need for enhanced lamination systems. Moreover, major economies, such as the U.S., China, the UK, and Japan plan to develop advanced lamination systems in various sectors.
Key lamination system market leaders profiled in the report include Bobst Comexi Group Industries, HMT Manufacturing Inc., Black Bros.Co., Monotech Systems Ltd, Graphco, Equinox Precision Corp., Faustel, Inc., Frimo Group Gmbh and Menxel Machinenbhau.
North America is the largest regional market for lamination systems.
The upcoming trends of lamination systems market include a surge in demand for high-performance, fuel-efficient, & low emission vehicles and stringent government rules & regulations toward vehicle emission.
Printing factory is the leading application of lamination system market.
The global lamination systems market was valued at $458.15 million in 2022.
Bobst, Comexi Group Industries, HMT Manufacturing Inc., Black Bros. Co., Monotech Systems Ltd, Graphco, Equinox Precision Corp.are the top companies to hold the market share in Lamination Systems.
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