Converting Equipment Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The converting equipment market size has grown strongly in recent years. It will grow from $43.01 billion in 2024 to $45.22 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth in packaging industry, globalization of supply chains, consumer goods manufacturing, increased disposable income, regulatory compliance, rise of e-commerce.

The converting equipment market size is expected to see steady growth in the next few years. It will grow to $54.38 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing demand for pharmaceuticals, flexible electronics manufacturing, rapid prototyping and short-run production, demand for smart packaging, focus on sustainability. Major trends in the forecast period include industry 4 integration, flexibility and customization, digitalization of workflow, advancements in printing technologies, automation for labor optimization.

Personalization and premium labels are expected to propel the growth of the converting equipment market going forward. Personalization refers to modifying a service, exemplary, or communication to meet a person's or organization's requirements and desires. Premium labels refer to brands with private labeling that offer comparatively high-quality items at higher prices than other private labels on the market. Personalization and premium labels use converting equipment to create customized labels, boxes, banners, stickers, apparel, and accessories of high-end quality based on client requirements. For instance, in May 2022, according to the Salesforce report, based on research conducted on 13,020 consumers and 3,916 corporate purchasers, in 2021, 61% of customers were confident that firms were going to utilize relevant personal data in a transparent and useful manner, up from 52% in 2020, and 73% of customers expected companies to recognize their unique needs and expectations. Therefore, the growth of personalization and premium labels is driving the market.

The growth of the manufacturing industry is expected to drive the expansion of the converting equipment market in the future. The manufacturing industry involves the production of goods from raw materials using tools, equipment, labor, machines, and chemical or biological processes. Converting equipment plays a crucial role in the manufacturing sector, particularly for packaging and containers, enhancing production efficiency, automation, and enabling customization and personalization. For example, in July 2023, Eurostat, a government statistical agency based in Luxembourg, reported a 0.2% increase in industrial output in the European area, while the European Union saw a 0.1% increase between May and April 2023. As a result, the growing manufacturing industry is a key driver for the growth of the converting equipment market.

Leading companies in the converting equipment market are focusing on creating innovative products, such as precision rotary die-cutting machines, to offer reliable services to their clients. A precision rotary die-cutting press features a sharp blade mounted on a rotating cylinder, with materials fed through the machine as the cylinder turns, allowing for precise cuts of materials like paper, fabric, and leather. For example, in September 2022, JBC Technologies Inc., a US-based converting equipment manufacturer specializing in die-cutting and non-metallic fabrication products, introduced the Dorey Converting Systems (DCS) precision rotary die-cutting press. This advanced press provides exceptional accuracy for intricate die-cut components, laminating various materials, cutting complex shapes with precise tolerances, and performing operations such as island placement, all in-line. Additionally, the press includes a six-camera integrated closed-loop vision system to monitor high-speed production, with inspection cameras positioned after the manufacturing process to enhance the in-line vision system.

In November 2023, CORE Industrial, a US-based industrial machinery manufacturer, acquired General Converting Inc. for an undisclosed amount. This acquisition is intended to strengthen CORE Industrial's packaging solutions, expand its product range, and increase its customer base. General Converting Inc. is a US-based company specializing in packaging and container manufacturing.

Major companies operating in the converting equipment market report are Parkland International, Nordson Corporation, Bobst Group SA, Davis-Standard LLC, Wittenstein SE, Paper Converting Machine Company (PCMC), Mark Andy Inc., Kampf Machinery Corporation, C. G. Bretting Manufacturing Co. Inc., Rotometrics International Ltd., Nordmeccanica Group, Comexi Group, Parkinson Technologies Inc., Delta Industrial Services Inc., Karlville Development LLC, Ghezzi & Annoni S.R.L., Elsner Engineering Works Inc., New Era Converting Machinery Inc., Ashe Converting Equipment, Catbridge Machinery LLC, Tidland Corporation, Atlas Converting Equipment Ltd., Keene Technology Inc., AZCO Corp, Universal Converting Equipment, Maxson Automatic Machinery Company, Schober USA Inc., CMS Industrial Technologies LLC, Uteco Converting S.p.A., Valmet Oyj.

Asia-Pacific was the largest region in the converting equipment market in 2024. The regions covered in the converting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the converting equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The converting equipment market consists of sales of lamination machines, coating machines, and bagging machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Converting equipment refers to machinery or industrial equipment used in manufacturing and production to transform raw materials, semi-finished goods, or components into finished products. Converting equipment plays a crucial role in streamlining production processes, improving efficiency, and ensuring the quality of the final products in many manufacturing industries.

The main types of converting equipment are manual, semi-automatic, and automatic. Manual machines are items of machine tools and fabricating shop equipment or tools that are controlled by hand, such as clicking buttons, spinning knobs, pressing triggers, or many other purposes. The maximum operating speeds are less than 300 m/min, 300 to 600 m/min, 601 to 800 m/min, and above 800 m/min used in paper, plastic, metal, and textile. The various applications are food and beverages, household cleaning products, electronics, cosmetics, pharmacy and healthcare, and others.

The converting equipment market research report is one of a series of new reports that provides converting equipment market statistics, including converting equipment industry global market size, regional shares, competitors with a converting equipment market share, detailed converting equipment market segments, market trends and opportunities, and any further data you may need to thrive in the converting equipment industry. This converting equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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