Temporary Protective Film Industrial Laminating Machine Market Forecast 2028

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 - Strategic Insights

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.

Lucrative Regions for Temporary Protective Film Industrial Laminating Machine Market

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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.

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.