Global Slitter Market - WishTree Insight

Global Slitter Market by Type (Centre Winder, Surface Winder, And Duplex Winder), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Slitter market size was valued at USD 1.3 billion in 2022 and is expected to surpass USD 1.8 billion by 2032, expanding at a CAGR of 4.1 % during the forecast period, 2022–2032. The market's growth is attributed to the increasing demand for slitting machines in various industries such as packaging, printing, and converting.

INTRODUCTION

The slitter market refers to the overall industry and sales of slitting machines and related equipment. The use of slitter machines in the packaging industry is expected to grow due to the increasing demand for flexible packaging materials. Furthermore, the printing industry is also expected to boost the demand for slitting machines as the packaging and printing industries are closely related and the demand for printed packaging materials is increasing.

A slitter is a machine or tool used to cut materials into smaller, narrower strips or sections. This can be done with various types of blades or cutting edges and can be used on a wide range of materials such as paper, metal, plastic, and more. Slitters are commonly used in the manufacturing, packaging, and printing industries.

The market is also segmented by the type of slitter machine, such as center winder, surface winder, and duplex winder. The demand for duplex winders is expected to be the highest among all the types of slitter machines. Overall, the market is expected to grow due to the increasing demand for slitting machines in various industries and the increasing use of slitter machines in the packaging and printing industry

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for flexible packaging materials: The growing use of flexible packaging materials in various industries is driving the demand for slitting machines, as these machines are used to cut and convert flexible packaging materials into smaller, narrower sections.
• Advances in slitter technology: The development of new, advanced slitter machines with improved efficiency and precision is driving the market, as these machines are better suited to meet the demands of various industries.
• Growing printing and packaging industries: The printing and packaging industries are closely related, and the growing demand for printed packaging materials is driving the demand for slitting machines in these industries.
• Rising demand for sustainable and eco-friendly products: The increasing demand for sustainable and eco-friendly products is driving the market for slitting machines, as these machines are used to produce eco-friendly and sustainable packaging materials.
• Increasing automation in manufacturing: Automation in manufacturing is driving the demand for slitting machines as these machines are increasingly used to automate the process of cutting and converting materials.
• Rising need for converting and processing various materials: The need for converting and processing various materials in different industries such as paper, metal, plastic, etc. is driving the demand for slitting machines.
• Growing use of slitting machines in various industries: The slitter machines are used in various industries such as packaging, printing, converting, etc. The increasing use of slitting machines in these industries is driving the market

Scope of the Report

Market Segment Insights

The duplex winder segment is projected to register a considerable CAGR

Based on type, the slitter market is divided into center winder, surface winder, and duplex winder. The duplex winder segment is expected to expand at a rapid pace during the forecast period owing to the increasing demand for slitting machines in various industries and the increasing use of slitter machines in the packaging and printing industry.

The Asia Pacific is anticipated to constitute a key market share

In terms of regions, the slitter market is classified as APAC, Europe, North America, and LAMEA. The market of Asia Pacific (APAC) is anticipated to constitute a key market share in the global market in the coming years. the market growth in Europe is anticipated to expand at a rapid pace during the forecast period.

Competitive Landscape

Key players competing in the slitter market are Kesheng Machinery (China); Goebel (Germany); Hakusan Corporation (Japan); Atlas Converting Equipment (U.K.); Euromac (Italy); Parkison Technologies (U.S.).

FAQs

How much is the market worth?

The Slitter market size was valued at USD 1.3 billion in 2022 and is expected to surpass USD 1.8 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 4.1%.

What are the key drivers of the market?

The market's growth is attributed to the increasing demand for slitting machines in various industries such as packaging, printing, and converting.

What segments are covered in the Slitter report?

The segments covered in the report are types (center winder, surface winder, and duplex winder).

Mention which region is expected to hold the highest share of the Slitter market.

The Asia Pacific region is expected to hold the highest share of the Slitter market.

Which segment holds the largest market share in the Slitter by 2032?

The duplex winder segment holds the largest market share in the Slitter by 2032.

Mention the key players in the market.

Kesheng Machinery (China); Goebel (Germany); Hakusan Corporation (Japan); Atlas Converting Equipment (U.K.); Euromac (Italy); Parkison Technologies (U.S.)