The temporary protective film industrial laminating machine market is expected to grow from US$ 129.20 million in 2022 to US$ 179.37 million by 2028; the market is estimated to record a CAGR of 5.6% from 2022 to 2028.
The increasing adoption of smart factories and Industrial 4.0 is a key factor contributing to the demand for temporary protective film industrial laminating machines in France. For instance, French manufacturing industries have spent approximately US$ 26.52 billion (€25 billion) in research and development every year since 2016 to develop modern technologies. Furthermore, aerospace is the most important industry in the French manufacturing sector, followed by the automotive and pharmaceuticals industries, respectively. France is the world’s second-largest exporter of aeronautical equipment, while it ranks first in Europe in terms of the production of civil and military airplanes and helicopters. There were 4,480 companies in the aerospace industry in France in 2020. The French government is increasingly investing in the aerospace industry for its further development. For instance, in June 2020, the government announced an investment of US$ 17 billion to support this sector. In September 2022, the government announced that the aerospace industry would witness an investment of more than US$ 9.55 billion (€9 billion) in the three upcoming years. Thus, the progressing aerospace manufacturing industry boosts the adoption of temporary protective film industrial laminating machines in France.
Temporary Protective Film Industrial Laminating Machine Market -
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Temporary Protective Film Industrial Laminating Machine Market: Strategic Insights
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Temporary Protective Film Industrial Laminating Machine Market: Strategic Insights
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Impact of COVID-19 Pandemic on Asia Pacific Temporary Protective Film Industrial Laminating Machine Market Growth
The COVID-19 pandemic drastically affected two huge markets in APAC—India and China. Lockdowns and industrial slowdown across these countries disrupted the supply chain of various raw materials and goods. The pandemic hampered the business dynamics considerably during the first half of 2020. The temporary shutdown of manufacturing industries and disruption of supply chains were among the primary implications of the pandemic. However, in 2021, manufacturing businesses resumed with the relaxation of the lockdown measures. The rising demand for consumer electronic devices in APAC resulted in the need for temporary protective film industrial laminating machines. Also, growing investments and increasing sales of consumer electronic devices in the post-pandemic period are fueling the temporary protective film industrial laminating machine market growth in APAC.
Market Insights – Temporary Protective Film Industrial Laminating Machine Market
Based on geography, the temporary protective film industrial laminating machine market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Europe is expected to account for the largest market share in 2022, and it is expected to retain its dominance during the forecast period. Further, Asia Pacific is expected to register the highest CAGR in the temporary protective film industrial laminating machine market during the forecast period.
Asia Pacific is expected to hold the second-largest market share of the temporary protective film industrial laminating machine market in 2022. The aerospace and medical industries are the major contributors to the demand for temporary protective film industrial laminating machines across this region. The increasing adoption of automation and the emergence of Industry 4.0 is accelerating the usage of various machines in industrial and factory applications, providing lucrative opportunities for the temporary protective film industrial laminating machine market players functional in this region.
The automotive industry is benefitted from favorable government initiatives in Asia Pacific countries. According to the International Organization of Motor Vehicle Manufacturers, in 2020, China produced the highest number of vehicles in the world, including 310,000 commercial vehicles and 1.77 million passenger cars. According to the India Brand Equity Foundation, the annual production of automobiles in India in 2021 was 22.65 million, and it produced 13 million vehicles from April 2021 to October 2021. Furthermore, the Government of India expects to attract local and foreign investments of US$ 8–10 billion in the automobile industry by 2023. Such growth prospects in the automotive industry would drive the use of temporary protective film industrial laminating machines in packaging operations to protect the interior and exterior surfaces of vehicles from scratches and abrasions which will further boost the growth of temporary protective film industrial laminating machine market.
In November 2021, Bostik strengthened its lamination business in Asia Pacific by signing purchase agreement with Nordmeccanica, a latest generation industrial laminator machine supplier. The company placed this new equipment in its Shanghai R&D center with an aim to serve food & beverage, fast-moving consumer goods, pharmaceuticals, and industrial applications in Asia Pacific.
Temporary Protective Film Industrial Laminating Machine Market Regional Insights
Temporary Protective Film Industrial Laminating Machine Market Regional Insights
The regional trends and factors influencing the Temporary Protective Film Industrial Laminating Machine Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Temporary Protective Film Industrial Laminating Machine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Temporary Protective Film Industrial Laminating Machine Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 129.20 Million |
| Market Size by 2028 | US$ 179.37 Million |
| Global CAGR (2022 - 2028) | 5.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Temporary Protective Film Industrial Laminating Machine Market Players Density: Understanding Its Impact on Business Dynamics
The Temporary Protective Film Industrial Laminating Machine Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Temporary Protective Film Industrial Laminating Machine Market are:
- HMT Manufacturing Inc
- Hsing Wei Machine Industry Co Ltd
- APL Machinery Pvt Ltd
- Surface Armor LLC
- Walco Inc
Disclaimer: The companies listed above are not ranked in any particular order.
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Application-Based Insights – Temporary Protective Film Industrial Laminating Machine Market
Based on application, the temporary protective film industrial laminating machine market is segmented into medical, pharmaceutical, food & beverages, automotive, aerospace & defense, and others. The automotive segment accounted for the largest share in the market in 2021. The automotive segment widely uses the temporary laminating machining solution to protect the component from scratches during the manufacturing process. Further, in the inventory, the temporary films are widely used to protect car exteriors.
Market players operating in the temporary protective film industrial laminating machine market are mainly focused on the development of advanced and efficient systems.
- In 2022, ASHTON INDUSTRIAL acquired 100% of the assets and business of UNIVERSAL LAMINATORS Ltd., Oxfordshire.
- In 2019, Charter NEX Films announced its collaboration with HP Indigo to launch new Pack Ready Lamination PE sealant films, which are validated by Karlville for use with the HP Indigo Pack Ready Laminator. Thus, the laminator provides high-quality flexible packaging with an easy and food-safe lamination solution.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Germany and US are expected to register high growth rates during the forecast period.
The incremental growth expected to be US$ 50.18 million for the market during 2022-2028.
The key players, holding majority shares, in temporary protective film industrial laminating machine market includes Walco S.A.; HSING WEI MACHINE INDUSTRY CO., LTD; Surface Armor, LLC; LEETECH Co., Ltd; and Crest Dutch Machinery B.V.
Europe is the fastest growing regional market, followed by North America and APAC.
Rising Demand in Medical Industry The dependence on medicines and medical equipment is increasing worldwide with the rising incidences of different diseases with changes in environmental conditions and a rise in pollution. Medical equipment such as spirometers, ventilators, humidifiers, and nebulizers need to be safely delivered to health institutes, ensuring that they remain untouched and contaminant free, which highlights the demand for temporary protective film laminating machines in the medical device manufacturing industry.
Growing demand for laminating machines in food & beverages industry driving the need for 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 globally which is further rising the need for industrial laminator in the market
The temporary protective film industrial laminating machine market was estimated to be US$ 129.20 million in 2022 and is expected to grow at a CAGR of 5.6%, during the forecast period 2022 - 2028.
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The List of Companies - Temporary Protective Film Industrial Laminating Machine Market
- HMT Manufacturing Inc
- Hsing Wei Machine Industry Co Ltd
- APL Machinery Pvt Ltd
- Surface Armor LLC
- Walco Inc
- Ashton Industrial Sales Ltd (Universal Laminators)
- Meccanica Ronzani SRL
- Crest Dutch Machinery BV
- Jordon Glass Machinery Inc
- LEETECH Co Ltd
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