Wrapping Machine Market
Wrapping Machine Market Forecasts to 2028 - Global Analysis By Machine Type (Shrink, Stretch and Other), Application (Beverages, Chemicals, Food and Other Applications), Mode Of Operation and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $3.5 BN |
|
Projected Year Value (2028) |
US $6.3 BN |
|
CAGR (2022 - 2028) |
10.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Wrapping Machine Market is accounted for $3.5 billion in 2022 and is expected to reach $6.3 billion by 2028 growing at a CAGR of 10.2% during the forecast period. Wrapping machines are used to wrap packages in stretch film, so as to maintain the quality of the products and ensures high production rates in the packaging industry. Wrapping machines can be of different forms such as vertical, ring, still or rotatory and orbital wrappers. It increases the presentation quality and consumer appeal of the product. They are used in various industries such as healthcare, pharmaceuticals, personal care, and public professional services to attain a degree of customization with respect to handling and transporting material goods.
Market Dynamics:
Driver:
Growing demand in food and beverages industry
The rising demand in food and beverage industry has driven the use of packaging of products which has shipped across the world. Now they have come in creative features and designs to meet the demand of the customers. The dynamic transport of food products with no damage or spillage upsurges the demand of wrapping in the market because it stabilize the loads, which are expected to push the demand for the market.
Restraint:
High cost and less affordability
Less affordability of the machine by the small enterprise due to less production and high cost is the major reason among others which will act as restraint for the market. High manufacturing costs and capital costs can also reduce the profits which is the major influence in taking the decision to adopt the packaging technology. These concerns are hindering the market growth.
Opportunity:
Technological advancement
The manufacturers are incorporating new techniques and technologies into the machines for more improvement. The stability quotient, load height and weight are automatically detected by the technologically advanced sensors. The rapid industrialization is primarily responsible for the demand for advanced machines, which are expected to create numerous opportunities for the market to grow.
Threat:
Efficiency in wrapping several products
Wrapping machine needs to exhibit faster packaging, intervention and efficiency in packing several products to improve the total production. It must reduce and eliminate human activities and must save products from getting spoiled and wasted. They should be well packaged in a proper manner. Minute mistakes or interventions can drastically decline the growth of the market.
Covid-19 Impact
The pandemic has shut down the production of various products in the wrapping machines industry attributed to the lockdown through worldwide. Wrapping machine manufacturers are expected to focus on protecting their workforce, operations and supply chains. It is anticipated to cause negative impact during covid, but has hampered the growth of wrapping machines market after the post covid.
The stretch wrapping segment is expected to be the largest during the forecast period
The stretch wrapping segment is estimated to have a lucrative growth, due to its stretchable plastic. It uses stretchable plastic film to wrap around a product to hold it tightly. They are mainly used for load unitization. It offers convenience and ease in wrapping parcels, containers, boxes, and other packages for storage and transportation. Its wide range of factors projected to propel the growth over the forecast period.
The beverage segment is expected to have the highest CAGR during the forecast period
The beverage segment is anticipated to witness the fastest CAGR growth during the forecast period, due to alcoholic and non-alcoholic beverages that are packed in various types of containers such as cans and bottles. It is commonly used for individual wrapping as well as unitizing as it offers ease and convenience in handling as well as storing various beverage products.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to expansion of food and beverage as well as pharmaceutical industries in the region. Growing demand for on-the-go food products, coupled with rising household income and a significant rise in manufacturing activities is further likely to benefit the market growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the technological advancements, favourable government policies, and infrastructural developments that offer strong distribution channels. Rapid urbanization in this region is projected to favour the market growth.
Key players in the market
Some of the key players profiled in the Wrapping Machine Market include Robert Bosch GmbH, Lantech, ProMach Inc, Aetnagroup S.p.A, Duravant LLC, Coesia S.p.A, Atlantic Corporation, Robert Reiser & Co., Inc, IMA Group, Maillis Group, Mettler Toledo, Sampack India Private Ltd, Tetra Laval International S.A , Nido Machineries, BEUMER Group GmbH & Co. KG, Pieri Srl, TOSA S.P.A, Adpak Machinery Systems Ltd, SPG Packaging Systems Gmbh, Messersi Packaging
Key Developments:
In July 2019, Bosch Packaging Technology introduced new pack 403 horizontal flow wrapper for bars, biscuits and bakery products.
In Jan 2021, ProMach, a worldwide leader in packaging machinery solutions, announced that it has acquired the assets of KHS Bartelt, a leading provider of packaging systems for the food and confectionery, beverage, home and personal care, pharmaceutical, chemical, and tobacco industries.
Machine Types Covered:
• Shrink
• Stretch
• Other Machine Types
Mode Of Operations Covered:
• Automatic
• Semi Automatic
• Other Mode Of Operations
Applications Covered:
• Beverages
• Chemicals
• Food
• Pharmaceuticals
• Personal Care
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wrapping Machine Market, By Machine Type
5.1 Introduction
5.2 Shrink
5.3 Stretch
5.4 Other Machine Types
6 Global Wrapping Machine Market, By Mode Of Operation
6.1 Introduction
6.2 Automatic
6.3 Semi Automatic
6.4 Other Mode Of Operations
7 Global Wrapping Machine Market, By Application
7.1 Introduction
7.2 Beverages
7.3 Chemicals
7.4 Food
7.5 Pharmaceuticals
7.6 Personal Care
7.7 Other Applications
8 Global Wrapping Machine Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Robert Bosch GmbH
10.2 Lantech
10.3 ProMach Inc
10.4 Aetnagroup S.p.A
10.5 Duravant LLC
10.6 Coesia S.p.A
10.7 Atlantic Corporation
10.8 Robert Reiser & Co., Inc
10.9 IMA Group
10.10 Maillis Group
10.11 Mettler Toledo
10.12 Sampack India Private Ltd
10.13 Tetra Laval International S.A
10.14 Nido Machineries
10.15 BEUMER Group GmbH & Co. KG
10.16 Pieri Srl
10.17 TOSA S.P.A
10.18 Adpak Machinery Systems Ltd
10.19 SPG Packaging Systems Gmbh
10.20 Messersi Packaging
List of Tables
1 Global Wrapping Machine Market Outlook, By Region (2020-2028) ($MN)
2 Global Wrapping Machine Market Outlook, By Machine Type (2020-2028) ($MN)
3 Global Wrapping Machine Market Outlook, By Shrink (2020-2028) ($MN)
4 Global Wrapping Machine Market Outlook, By Stretch (2020-2028) ($MN)
5 Global Wrapping Machine Market Outlook, By Other Machine Types (2020-2028) ($MN)
6 Global Wrapping Machine Market Outlook, By Mode Of Operation (2020-2028) ($MN)
7 Global Wrapping Machine Market Outlook, By Automatic (2020-2028) ($MN)
8 Global Wrapping Machine Market Outlook, By Semi Automatic (2020-2028) ($MN)
9 Global Wrapping Machine Market Outlook, By Other Mode Of Operations (2020-2028) ($MN)
10 Global Wrapping Machine Market Outlook, By Application (2020-2028) ($MN)
11 Global Wrapping Machine Market Outlook, By Beverages (2020-2028) ($MN)
12 Global Wrapping Machine Market Outlook, By Chemicals (2020-2028) ($MN)
13 Global Wrapping Machine Market Outlook, By Food (2020-2028) ($MN)
14 Global Wrapping Machine Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
15 Global Wrapping Machine Market Outlook, By Personal Care (2020-2028) ($MN)
16 Global Wrapping Machine Market Outlook, By Other Applications (2020-2028) ($MN)
17 North America Wrapping Machine Market Outlook, By Country (2020-2028) ($MN)
18 North America Wrapping Machine Market Outlook, By Machine Type (2020-2028) ($MN)
19 North America Wrapping Machine Market Outlook, By Shrink (2020-2028) ($MN)
20 North America Wrapping Machine Market Outlook, By Stretch (2020-2028) ($MN)
21 North America Wrapping Machine Market Outlook, By Other Machine Types (2020-2028) ($MN)
22 North America Wrapping Machine Market Outlook, By Mode Of Operation (2020-2028) ($MN)
23 North America Wrapping Machine Market Outlook, By Automatic (2020-2028) ($MN)
24 North America Wrapping Machine Market Outlook, By Semi Automatic (2020-2028) ($MN)
25 North America Wrapping Machine Market Outlook, By Other Mode Of Operations (2020-2028) ($MN)
26 North America Wrapping Machine Market Outlook, By Application (2020-2028) ($MN)
27 North America Wrapping Machine Market Outlook, By Beverages (2020-2028) ($MN)
28 North America Wrapping Machine Market Outlook, By Chemicals (2020-2028) ($MN)
29 North America Wrapping Machine Market Outlook, By Food (2020-2028) ($MN)
30 North America Wrapping Machine Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
31 North America Wrapping Machine Market Outlook, By Personal Care (2020-2028) ($MN)
32 North America Wrapping Machine Market Outlook, By Other Applications (2020-2028) ($MN)
33 Europe Wrapping Machine Market Outlook, By Country (2020-2028) ($MN)
34 Europe Wrapping Machine Market Outlook, By Machine Type (2020-2028) ($MN)
35 Europe Wrapping Machine Market Outlook, By Shrink (2020-2028) ($MN)
36 Europe Wrapping Machine Market Outlook, By Stretch (2020-2028) ($MN)
37 Europe Wrapping Machine Market Outlook, By Other Machine Types (2020-2028) ($MN)
38 Europe Wrapping Machine Market Outlook, By Mode Of Operation (2020-2028) ($MN)
39 Europe Wrapping Machine Market Outlook, By Automatic (2020-2028) ($MN)
40 Europe Wrapping Machine Market Outlook, By Semi Automatic (2020-2028) ($MN)
41 Europe Wrapping Machine Market Outlook, By Other Mode Of Operations (2020-2028) ($MN)
42 Europe Wrapping Machine Market Outlook, By Application (2020-2028) ($MN)
43 Europe Wrapping Machine Market Outlook, By Beverages (2020-2028) ($MN)
44 Europe Wrapping Machine Market Outlook, By Chemicals (2020-2028) ($MN)
45 Europe Wrapping Machine Market Outlook, By Food (2020-2028) ($MN)
46 Europe Wrapping Machine Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
47 Europe Wrapping Machine Market Outlook, By Personal Care (2020-2028) ($MN)
48 Europe Wrapping Machine Market Outlook, By Other Applications (2020-2028) ($MN)
49 Asia Pacific Wrapping Machine Market Outlook, By Country (2020-2028) ($MN)
50 Asia Pacific Wrapping Machine Market Outlook, By Machine Type (2020-2028) ($MN)
51 Asia Pacific Wrapping Machine Market Outlook, By Shrink (2020-2028) ($MN)
52 Asia Pacific Wrapping Machine Market Outlook, By Stretch (2020-2028) ($MN)
53 Asia Pacific Wrapping Machine Market Outlook, By Other Machine Types (2020-2028) ($MN)
54 Asia Pacific Wrapping Machine Market Outlook, By Mode Of Operation (2020-2028) ($MN)
55 Asia Pacific Wrapping Machine Market Outlook, By Automatic (2020-2028) ($MN)
56 Asia Pacific Wrapping Machine Market Outlook, By Semi Automatic (2020-2028) ($MN)
57 Asia Pacific Wrapping Machine Market Outlook, By Other Mode Of Operations (2020-2028) ($MN)
58 Asia Pacific Wrapping Machine Market Outlook, By Application (2020-2028) ($MN)
59 Asia Pacific Wrapping Machine Market Outlook, By Beverages (2020-2028) ($MN)
60 Asia Pacific Wrapping Machine Market Outlook, By Chemicals (2020-2028) ($MN)
61 Asia Pacific Wrapping Machine Market Outlook, By Food (2020-2028) ($MN)
62 Asia Pacific Wrapping Machine Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
63 Asia Pacific Wrapping Machine Market Outlook, By Personal Care (2020-2028) ($MN)
64 Asia Pacific Wrapping Machine Market Outlook, By Other Applications (2020-2028) ($MN)
65 South America Wrapping Machine Market Outlook, By Country (2020-2028) ($MN)
66 South America Wrapping Machine Market Outlook, By Machine Type (2020-2028) ($MN)
67 South America Wrapping Machine Market Outlook, By Shrink (2020-2028) ($MN)
68 South America Wrapping Machine Market Outlook, By Stretch (2020-2028) ($MN)
69 South America Wrapping Machine Market Outlook, By Other Machine Types (2020-2028) ($MN)
70 South America Wrapping Machine Market Outlook, By Mode Of Operation (2020-2028) ($MN)
71 South America Wrapping Machine Market Outlook, By Automatic (2020-2028) ($MN)
72 South America Wrapping Machine Market Outlook, By Semi Automatic (2020-2028) ($MN)
73 South America Wrapping Machine Market Outlook, By Other Mode Of Operations (2020-2028) ($MN)
74 South America Wrapping Machine Market Outlook, By Application (2020-2028) ($MN)
75 South America Wrapping Machine Market Outlook, By Beverages (2020-2028) ($MN)
76 South America Wrapping Machine Market Outlook, By Chemicals (2020-2028) ($MN)
77 South America Wrapping Machine Market Outlook, By Food (2020-2028) ($MN)
78 South America Wrapping Machine Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
79 South America Wrapping Machine Market Outlook, By Personal Care (2020-2028) ($MN)
80 South America Wrapping Machine Market Outlook, By Other Applications (2020-2028) ($MN)
81 Middle East & Africa Wrapping Machine Market Outlook, By Country (2020-2028) ($MN)
82 Middle East & Africa Wrapping Machine Market Outlook, By Machine Type (2020-2028) ($MN)
83 Middle East & Africa Wrapping Machine Market Outlook, By Shrink (2020-2028) ($MN)
84 Middle East & Africa Wrapping Machine Market Outlook, By Stretch (2020-2028) ($MN)
85 Middle East & Africa Wrapping Machine Market Outlook, By Other Machine Types (2020-2028) ($MN)
86 Middle East & Africa Wrapping Machine Market Outlook, By Mode Of Operation (2020-2028) ($MN)
87 Middle East & Africa Wrapping Machine Market Outlook, By Automatic (2020-2028) ($MN)
88 Middle East & Africa Wrapping Machine Market Outlook, By Semi Automatic (2020-2028) ($MN)
89 Middle East & Africa Wrapping Machine Market Outlook, By Other Mode Of Operations (2020-2028) ($MN)
90 Middle East & Africa Wrapping Machine Market Outlook, By Application (2020-2028) ($MN)
91 Middle East & Africa Wrapping Machine Market Outlook, By Beverages (2020-2028) ($MN)
92 Middle East & Africa Wrapping Machine Market Outlook, By Chemicals (2020-2028) ($MN)
93 Middle East & Africa Wrapping Machine Market Outlook, By Food (2020-2028) ($MN)
94 Middle East & Africa Wrapping Machine Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
95 Middle East & Africa Wrapping Machine Market Outlook, By Personal Care (2020-2028) ($MN)
96 Middle East & Africa Wrapping Machine Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
