Slitter Rewinder Market Size, Share, Growth, and Industry Analysis, By Type (Primary Slitter Rewinder, Secondary Slitter Rewinder), By Application (Plastic Film, Paper & Board, Foils, Laminates, Others (Labels)), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Slitter Rewinder Market REPORT OVERVIEW

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global slitter rewinder market size was USD 618.2 million in 2022 and market is projected to touch USD 844 Million By 2031, exhibiting a CAGR of 3.5% during the forecast period.

Slitter rewinder machines are highly sought after by a range of end-use industries, including laminates, foils, plastic film, and paper & board. Huge rolls of paper, plastic, or other material are divided into smaller rolls using slitter rewinder machines so that they can be consumed right away or processed further to create completed goods. Machines that combine two independent units into one are referred to as slitting and rewinding machines or slitter rewinder machines. Examples of these machines include paper machines, plastic film, aluminium foil, and flexible laminates. Manufacturers of flexible packaging materials employ these slitting and rewinding machines, which are categorized as converting machines, in conjunction with rotogravure/flexographic printing and laminating machinery to create laminated reels and pouches.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

Growth of the market in recent years

The high cost of center-surface winder slitter rewinder machines restricts their utilization and causes small business owners who cannot afford pricey machines to worry about their affordability. The slitter rewinder machine market's growth rate is complicated by this cost problem. Manufacturers of converted film products are increasingly using surface winder slitter rewinder machines because they enable them to produce high-quality goods with less labor.

Global tissue paper production capacity has expanded as a result of rising tissue paper demand, creating new business opportunities for the surface winder slitter rewinder machines sector. With the increasing converting capacity of the package manufacturers, the global market for slitter rewinder machines is anticipated to grow by 1.3 times the existing market value during the forecasted period.

Slitter Rewinder Market SEGMENTATION

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By Type

Based on type the global slitter rewinder market is classified as primary slitter rewinder, secondary slitter rewinder.

By Application

Based on application the global slitter rewinder market is classified as plastic film, paper & board, foils, laminates, others (labels).

DRIVING FACTORS

"The Utilization as a Catalyst to Boost the Market Growth"

Demand for goods made of recycled paper is rising as consumers become less willing to consume plastic in general. Paper products are so commonly used by individuals. The manufacture of converted paper items also makes considerable use of paper slitter and rewinder equipment. The market for paper slitter rewinder machines is anticipated to expand as more end users employ converted paper products such paper bags, sanitary paper products, and corrugated products. Machines with center-surface winders and slitters for rewinding keep the material under constant, low strain. As a result, center-surface winder slitter rewinder machines are well suited to converting pressure-sensitive materials such technical films, thin plastic films and sheets, metal foils, and other materials of a like nature.

"Extensive Application in Laundering Process to Multiply the Production and Market Growth"

The machine's ability to run almost entirely automatically improves the accuracy of the process. Therefore, the enterprises gain from its potential to increase total production efficiency.Large-scale conversion companies throughout the world are also choosing center-surface winder slitter rewinder machines as major slitter rewinder machine manufacturers step up their efforts to sell center-surface winder machines. Manufacturer demand for paper slitter rewinder machines is increasing as a result of the decrease in expenses incurred by producers due to errors or subpar products. Rapid urbanisation and rising disposable income also contribute to the market expansion for paper slitter rewinder machines.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market"

Manufacturers are concentrating on ecologically friendly and sustainably produced converted paper products to suit increased demand, providing profitable opportunities to market participants over the forecast period. Additionally, it is anticipated that the market for slitter rewinder machines will advance due to the increased deployment of high-end converting equipment. The growing nations of Asia Pacific, Latin America, and others are predicted to experience considerable growth in the global flexible packaging industry during the next few years. To take advantage of the opportunities presented by the growing packaging industry, domestic flexible packaging companies are increasing their production capabilities.

Slitter Rewinder Market REGIONAL INSIGHTS

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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

Leading worldwide manufacturers of flexible packaging with headquarters in North America and Western Europe are gradually establishing production sites in emerging flexible packaging markets like Asia Pacific. The rising need for packaging converters, particularly slitter rewinder machines, has been related to all of these issues. Additionally, converting organizations prefer to automate the manufacturing process and employ the fewest number of operators or laborers possible throughout the manufacturing process because to the high rate of fluctuation in product quality caused by the presence of machine operators or laborers. As a result of their unique technological breakthroughs, converting companies are using automatic slitter rewinder machines to convert films, foils, and paper products.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• Atlas Converting Equipment (UK)
• Kampf (Germany)
• ASHE Converting Equipment (UK)
• Euromac Costruzioni Meccaniche (Italy)
• Pasquato Cutting Machines (Italy)
• Universal Converting Equipment (UK)
• Nishimura Mfg (Japan)
• Hagihara Industries (Japan)
• Jennerjahn Machine (US)
• Deacro Industries (Canada)
• Elite Cameron TS Converting Equipment (UK)
• La Meccanica Fumagalli (Italy)
• Soma Engineering (Czech Republic)
• Varga-Flexo (Hungary)
• Grafotronic (Sweden)
• Class-Engineering (Germany)
• Revomac (India)
• GOEBEL IMS (Germany)
• Parkinson Technologies (US)
• Parkland International (UK)
• HCI Converting Equipment (US)
• Toshin (Japan)
• Temac (Italy)
• Comexi Group (Spain)
• Wenzhou Kingsun Machinery Industrial (China)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.