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The market participants, these days, are privileged to have an access to extensive data for analysing customers’ requirements. Collecting data is one thing; but putting it through proper analytics is something to ponder about. Though Artificial Intelligence (AI) doesn’t come across as a recent trend, it is turning out to be inevitable as of the year 2022 is concerned.
Precision Rewinding Machine Market Forecast and CAGR
Insights revealed by the assessment on the Precision Rewinding Machine Market portray substantial gains, with the market expanding at around 4% to 5% CAGR from 2021 to 2031. The increasing degree of automation in packaging industry and advent of varied packaging solutions in manufacturing end use verticals has been instrumental in sales and utilization of precision rewinding machine. Increasing in the adoption of artificial intelligence and automation solution across different industries for improving efficiency along with effectiveness is expected to boost the market during the assessment period.
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With flexible production being in demand, autonomous handling systems and robots are expected to adapt to changing requirements faster. Besides, those moving around with “domain+” skills would be on the top of the recruiters’ agenda.
Augmented reality solutions are being asked for IoT functionality is capable of tracking and evaluating production quotas, expanding control rooms, and creating various models related to predictive maintenance. Industry 4.0 workforce would, indeed, be complementing robotics. Persistence Market Research is endowed with expertise herein in the form of consultants and analysts.
What is Driving Demand for Precision Rewinding Machine?
Growth in the paper and paperboard packaging solutions market in developed and developing economies is estimated to boost the demand for the rewinding machines during the forecasted period, also polymer based packaging films market growth is expected to influence the demand of precision rewinding machine.
Growth of global plastic and paper industries is expected to propel the global rewinding market during the period due to rising deployment of these machines in plastic and paper industries and also the demand for plastic and paper for packaging is also increase which indirectly benefits the market.
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North America Market Demand Potential
North America contributes high market share in the market across the globe owing to rapidly growing food industry in the region. Additionally demand form the packaging industry for paper and plastic films boost the market demand for the North American region.
Flexible packaging in the region is rising faster than many other forms. It includes trends, like e-commerce, digital printing, and sustainability which increase the sales of plastic films can be used to drive the market development and growth.
Asia Pacific Precision Rewinding Machine Market Growth Outlook
Asia Pacific region is also expected to acquire a significant share in the global market with higher growth rate attributing to rapidly increase in the consumer goods market with the required packaging solutions industry thriving at a robust rate.
Who are the Key Manufacturers and Suppliers Of Precision Rewinding Machine?
Some of the leading manufacturers and suppliers of Precision Rewinding Machine Market include
- Atlas Converting Equipment
- Kampf
- ASHE Converting Equipment
- GOEBEL IMS
- Euromac
- Parkinson Technologies
- Pasquato
- Universal Converting Equipment
- Parkland International
- SOMA Engineering
- Varga-Flexo
- Grafotronic
- Some other local players.
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