Temporary Protective Film Industrial Laminating Machine Market is expected to reach US$ 179.37 million by 2028

The temporary protective film industrial laminating machine market is expected to reach US$ 179.37 million by 2028; registering at a CAGR of 5.6% from 2022 to 2028, according to a new research study conducted by The Insight Partners.

Flourishing Medical Industry is Major Contributor to Temporary Protective Film Industrial Laminating Machine Market Growth

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. 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, the development of user-friendly apps, coupled with changing consumer expectations, triggers the demand for ready-to-eat food deliveries, which is further propelling the need for industrial laminators. In May 2021, Uber Eats and Postmates, collectively, accounted for ~50% share of the food delivery market in Los Angeles and 41% in New York City. Thus, such a rise in demand for food delivery contributes to the increasing adoption of industrial laminators to protect food items from contamination. Further, a shift in people’s preference toward higher quality packaged food items, as become more conscious about the healthy way of living, favoring the growth of the temporary protective film industrial laminating machine market.

North America is the world's most developed region in terms of industrialization. A surge in automotive, pharmaceutical, and food & beverage manufacturing, and rapid urbanization support the growth of economies in this region. In the automotive industry, industrial laminating machines are used to create car parts, and protect interior and exterior surfaces from scratches and abrasion during manufacturing, assembly, and vehicle transit. Temporary protective film industrial laminating machines help protect body parts, wheels, bumpers, trim, lights, and emblems; it also safeguards high gloss finishes and painted plastic parts in vehicles to ensure 100% damage prevention and a perfect customer experience. According to the Hedges Company, there were 286.9 million registered cars in the US in 2020. In October 2022, BMW AG announced an investment of US$ 1.7 billion to build electric vehicles (EVs) to enhance EV production in the US. Further, the total number of road motor vehicles registered in Canada increased to 26.2 million in 2021, recording an increase of 1.9% from 2020. Thus, a significant rise in the production of automotive vehicles owing to an increase in per capita income and the surge in demand for automobiles across North America is fueling the growth of temporary protective film industrial laminating machine market.

The food & beverages industry is essential to the economy of North America. According to a report by the US Committee for Economic Development, this industry comprises ~27,000 organizations and employs almost 1.5 million people. Due to the high extent of internet penetration, availability of delivery services, and growing demand for convenience, consumers prefer ordering groceries and other food products through e-commerce platforms. Owing to this trend, there is an increasing need for equipment and materials needed for the packaging of snacks, ice cream, biscuits, beverages, coffee, frozen food, and other ready-to-eat products. Thus, the increasing adoption of temporary protective film industrial laminating machines in the food & beverage industry propels the growth of the market in North America.

The temporary protective film industrial laminating machine market is segmented on the basis of type and application. Based on type, the temporary protective film industrial laminating machine market is segmented into manual industrial laminators and automatic industrial laminators. The temporary protective film industrial laminating machine market, by application, is categorized into medical, pharmaceutical, food and beverages, automotive, aerospace & defense, and others.

Temporary Protective Film Industrial Laminating Machine Market — by Region, 2022

Source: The Insight Partners Analysis

Walco S.A.; HSING WEI MACHINE INDUSTRY CO., LTD; Surface Armor, LLC; LEETECH Co., Ltd; and Crest Dutch Machinery B.V. are a few key market players profiled during the study on the temporary protective film industrial laminating machine market. Several other major companies were also studied and analyzed during this market research study to get a holistic view of the temporary protective film industrial laminating machine market and its ecosystem. The temporary protective film industrial laminating machine market report provides detailed market insights, which helps key market players strategize their growth.

North America has the highest acceptance and development rate of the emerging technologies due to favorable government policies that boost innovation and reinforce infrastructure capabilities. The automotive industry has a potential influence on the regional economy. During the COVID-19 pandemic, operations in this industry were put on hold, which hampered business dynamics in the first half of 2020. In the US, 43 states reported lower export of automobiles in 2020 than in 2019. Disruptions in supply chains and shortage of laborers are among the prominent factors that limited the supply and production operations. A drop in the production of automotive vehicles resulted in adverse effects on the temporary protective film industrial laminating machine market performance.

However, the automotive industry began reviving rapidly with a significant rise in demand for its offering in 2021. Factories are now churning out trucks and sport utility vehicles, with many plants nearly returning to production levels matching those before the pandemic. In addition, the rising demand for electric vehicle in the market is further fueling the temporary protective film industrial laminating machine market growth.

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com