iCrowdNewswire Jan 8, 2021 1:33 PM ET According to a new report published by Report Ocean, titled, “Roll Slitting Machines Market by Type, Material, and Operation: Opportunity Analysis and Industry Forecast, 2020–2027,” the global roll slitting machines market size is expected to reach $2.8 billion in 2027 from $2.2 billion in 2019, growing at a CAGR of 3.6% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 35.0% share of the global roll slitting machines market. Roll slitting operation includes shear cutting of large rolls of raw materials also known as master roll or parent roll, into rolls with small and narrow shape. Roll slitting is also termed as slitting in the converting industry and plays an integral part in the flexible packaging processes. Further, roll slitting machines are distinguished into two main types, namely, roll/log slitters and slitter rewinders. Roll/log slitters, also known as baloney slitters, provide slicing of the master roll into rolls with small widths without unwinding and rewinding the master roll, whereas, the slitter rewinder machine performs unwinding, slitting, and rewinding processes to obtain smaller and more manageable rolls.