Sleeving Machines Market Size, Share, and Industry Analysis, By Machine Type (Automatic, Semi-Automatic, and Manual), By Technology Type (Heat Shrink Sleeveing Machine, Stretch Sleeve Machine, Cold Glue Sleeve Machine, and Others), By Application (Food & Beverage, Pharmaceutical, Chemicals, Cosmetics & Personal Care, and Others), and Regional Forecast, 2024-2032

Carton sleeve packaging is a creative approach that blends functionality and aesthetics. Products can be displayed distinctively with sleeving packaging. Businesses can produce visually attractive packaging that stands out on shelves and grabs consumer attention due to its elegant design and configurable features. With so many options available to consumers in today's competitive market, having packaging that grabs their attention can make all the difference. In addition, an extra degree of protection for items is offered by carton sleeve packaging.

Growth in the packaging industry, expansion of the food & beverage sector, and sustainability trends are some of the major factors driving the market growth. In 2022, the flexible packaging industry registered USD 42.9 billion in sales in the U.S. The Indian packaging market is anticipated to reach USD 204.8 billion by 2025. The rapid growth in packaging is majorly augmented by factors, such as the rising pharmaceutical, food processing, and manufacturing industry. The growing packaging industry is boosting the demand for advanced packaging solutions, such as sleeving machines. By using sleeving machines, packaging companies can achieve greater efficiency, enhance product appearance, and maintain competitiveness in the market.      

Additionally, rapid urbanization worldwide is another key factor driving the market growth. Nearly 57% of the world’s population lived in urban areas in 2022.  The rapid expansion of urban areas increases the demand for packaged goods across various industries, including food & beverages, household products, and cosmetics. Generally, urban consumers seek convenient products, including ready-to-eat meals, which require attractive and effective packaging solutions.

The COVID-19 pandemic has had a significant impact on the sleeving machines market on account of supply chain disruptions, e-commerce boom, fluctuations in commercial demand, shift toward health & safety, and economic uncertainty. The outbreak augmented demand for essential goods, resulting in a surge in the demand for efficient packaging solutions.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Impact of COVID-19 on the Sleeving Machines Market


• Consolidated SWOT Analysis of Key Players

Segmentation

Analysis by Machine Type

By machine type, the sleeving machines market has been classified into automatic, semi-automatic, and manual.

The automatic segment is anticipated to grow at the highest CAGR during the forecast period. The machines improve production speed and efficiency, enabling manufacturers to handle a large number of volumes with less human intervention. Automation ensures accuracy and consistency, minimizing human errors and enhancing product quality. Countries with labor shortages and high labor costs often choose automatic machines that reduce labor dependency. By reducing labor dependency, businesses can reduce operational costs and allocate resources to more strategic tasks. In the near future, the integration of Artificial Intelligence (AI) and Internet of Things (IoT) is anticipated to enable predictive maintenance and real-time monitoring. This is expected to further increase the adoption of sleeving machines with advanced technology.      

Regional Analysis

The global sleeving machines market has been studied across five regions: North America, Asia Pacific, the Middle East & Africa, Europe, and South America.

North America is poised to lead the global market during the forecast period. This growth is majorly attributed to the rapid adoption of automation, rising consumer demand for quality and safety, and the growth of e-commerce. The region has a strong focus on automation technologies to improve efficiency, product quality, and reduce labor costs. The sleeving machines are widely adopted to streamline operations and maintain consistency in product quality.    

Distribution of the Sleeving Machines Market, By Region of Origin:

• North America – 32%


• South America – 8%


• Europe – 26%


• Middle East & Africa – 6%


• Asia Pacific –28%

Key Players Covered

Key players in the market include Allen Plastic Industries Co., Ltd., Cama Group, Accutek Packaging Companies, DASE-SING Packaging Technology Co., LTD., Brothers Pharmamach (India) Pvt. Ltd, and Harikrushna Machines Pvt. Ltd.

Key Industry Developments

• November 2022:  PDC International Corp., a company offering shrink sleeve machining, announced the launch of Zero-Downtime dual reel unwind solutions to reduce the machine downtime. This solution runs with all brands along with PDC machines.


• October 2022:  ELITER Packaging Machinery announced the launch of ESTRENA Wrap-Around Sleever. This machine can be connected with the thermoformer, filling machine, or sealing machine.