Slitter Sales Market Size, Share, Growth, and Industry Growth, By Type (Flat Slitting, Round Slitting, and Extrusion Slitting), By Application (Paper, Foil Material, Film, and Others), Regional Forecast To 2031

Slitter Sales Market REPORT OVERVIEW

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global slitter sales market size was USD 558 million in 2021  and market is projected to touch 935.23  Million by 2031, exhibiting a CAGR of 5.3% during the forecast period.

Slitting is a significant part of the converting industry. Reducing the master roll’s size by splitting it into manageable and smaller rolls. These slitting machines are majorly available in two types: log/roll slitters and slitter rewinders. The log/roll slitter’s machines cut the master roll into small-width rolls by slicing it without needing to rewind and unwind the rolls. A slitter reminder is a machine that enables slitting, unwinding, and rewinding of the master roll and forms smaller rolls. 

The big rolls of paper, plastic, or other material are chopped into smaller rolls for immediate consumption or further processing to produce completed goods using the slitter reminder equipment. In essence, slitting and rewinding machines—also referred to as slitter rewinders machines—are two distinct devices merged into one. Paper machines, plastic films, aluminum foil, and flexible laminates are some of these equipment types.

COVID-19 Impact: Shut Down of Packaging Industry Hindered Market Growth

The cessation of the COVID-19 pandemic had a detrimental effect on the operation of the packaging industry' slitter rewinders machines. The COVID pandemic also caused a drop in packaging industry demand, which had a negative impact on the market for slitter rewinders equipment. During COVID-19, the market was essentially hindered by a number of additional problems, such as a broken supply chain, an erroneous supply of components or raw materials, governmental trade restrictions, and others.

LATEST TRENDS

"Integration of Automation Technology in the Machinery Sector to Aid Market Growth"

To improve machine performance, roll-slitting machines have adopted automation technologies and experienced different technological breakthroughs. These machines have features like intelligent data collecting, process control, automatic knife positioning systems, and other advantages that lessen the need for manual labor on the machine. Additionally, the incorporation of automation technologies boosts machine productivity while decreasing downtime and changeover cycle times, thus enhancing the effectiveness of the entire converting process. As a result, the market for roll-slitting machines is growing as a result of the integration of automation technologies.

Slitter Sales Market Segmentation

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• By Type Analysis

By type, the market is segmented into flat slitting, round slitting, and extrusion slitting.

• By Application Analysis

Based on application, the market is classified into paper, foil material, film, and others.

DRIVING FACTORS

"Various Benefits of the Machines to Cater the Machine Demand"

Due to their many benefits, paper slitter rewinder machines are becoming increasingly popular among enterprises. The ability of the paper slitter rewinder machines to improve the entire manufacturing process efficiency benefits the companies. The process' precision is increased by the machine's capacity to run entirely automatically because little to no human involvement is needed. As a result, there is a reduction in the costs that producers incur due to errors or wasted inferior products. These factors are causing the paper slitter rewinder machine market to expand favorably. Additionally, the slitter sales market growth is anticipated to rise faster due to manufacturers' growing demand for these machines due to their increased productivity and efficiency. Urbanization is booming, and disposable income is rising, which will increase market value.

"Launch of Advanced Products to Offer Lucrative Growth Opportunities to the Market"

The key players are focusing on the development and launch of advanced products, which would enhance slitter sales in the global market. The manufacturers are developing environmentally friendly and sustainable paper products to extend the profitable opportunities for slitter sales market growth. Moreover, the rising deployment of high-end converting machines is estimated to gain growth in the global market further. The use of machines in paper, foil material, film and other such industries are also predicted to surge the demand for slitting rewinder machines in the market. 

RESTRAINING FACTORS

"Rising Sustainability Concerns and High Cost of the Machine May Impede Growth"

The slitter sales is expected to stagnate owing to the issues related to the use of plastic materials. The rising concern for sustainability is forecasted to impede the market growth. The slitter machines are expensive, which is forecasted to be another factor impeding the market growth.

Slitter Sales Market REGIONAL INSIGHTS

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"Asia Pacific to Lead the Market Due to the Rising Number of Key Players"

Asia Pacific is predicted to hold about 42% of the overall slitter sales market share due to the growing number of key players in the region. The favorable environment for the manufacturing of the machines is also estimated to contribute to the region’s growth. 

Europe is estimated to show significant growth owing to the strong presence of paper and packaging industries that boosts paper consumption and slitter sales. 

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis on the Development of Advanced Technology"

Key market players are investing heavily on research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market. 

LIST OF TOP SLITTER SALES COMPANIES

• Atlas Converting Equipment (U.K.)
• Kampf (Germany)
• Euromac (Italy)
• Parkinson Technologies (U.S.)
• Nishimura (Japan)
• Jennerjahn Machine (U.S.)
• Kataoka Machine (Japan)
• Dahua-Slitter Technology (China)
• Kesheng Machinery (China)
• Hakusan Corporation (Japan)
• Goebel (Germany)
• ASHE Converting Equipment (U.K.)
• Deacro (Canada)
• IHI Corporation (Japan)
• Laem System (Italy)
• Bimec (Bangladesh)
• Catbridge (U.S.)
• Ruihai Machinery (China)
• ConQuip (U.S.)
• Cheung kong Machinery Equipment (China)
• Shenli Group (China)
• PSA Technology (Brazil)
• Jota Machinery (China)
• Yongsheng New Materials Equipment (China)
• NICELY (India)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.