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Hand Wrappers Market

Market Insights on Hand Wrappers covering sales outlook, demand forecast & up-to-date key trends

Hand Wrappers Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Hand Wrappers Market Overview

According to latest research by Future Market Insights, hand wrappers market is set to witness steady growth during 2021-2031. Consumer packaged goods (CPG) makers are turning to hand wrappers to meet rising demand for a wide range of food, beverage, and personal care products. Hand wrappers, on the other hand, will have limited opportunity in the near future as a result of the adoption of products such as semi-automatic stretch wrappers.

For instance, on February 23, 2021, the ROBOT S6 Portable Stretch Wrapper features proprietary Cube Technology, making it one of the most technologically advanced machines available today. This technology reduced labour costs while also reducing product damage.

Rapid technical advancements, however, have resulted in a worldwide focus on critical and temperature-sensitive pharmaceutical items will provide momentum to the hand wrappers market.

What is Driving Demand for Hand Wrappers?

Factors that are driving the demand for hand wrappers include population growth, the developing food and beverage industry, and others. Furthermore, the increased emphasis on packaging to differentiate diverse items in the marketplace is expected to drive demand for hand wrappers.

On the other hand, differentiating food goods through the aesthetic appeal of packaging has become increasingly crucial for food manufacturers as urbanisation and the emergence of supermarkets and hypermarkets have increased. Furthermore, customers are becoming more aware of the components and contents of packages, which is projected to increase demand for hand wrappers.

Aside from that, other technological advancements have been made in response to growing concerns about environmental contamination and stricter regulations on the use of plastics. For instance,

On 18-Mar-2021, EcoStretchTM was introduced by Cortec® Corporation at a critical moment when companies are looking for new packaging choices that satisfy their needs while also reducing their environmental impact.

Thus, this in turn is expected to spur the demand for hand wrappers in near future.

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Surge in Adoption of Hand Wrappers in Food Industry

Perishable food goods with limited shelf lives, such as bakery, dairy, and allied items, are vulnerable to pollution, contamination, and climatic fluctuations. As a result, demand for hand wrappers is projected to rise, particularly in the food industry.

Furthermore, manufacturers have adopted a number of initiatives in recognition of the importance of eco-friendly and cost-effective products. For instance,

In June 2020, Amcor partnered with Espoma Organic to develop more sustainable packaging and launch a new bio-based polymer package in response to the brand's mission to "develop the finest organic gardening products that work in harmony with nature, grow beautiful gardens, and make a greener world for the future.

Moreover, shrink wrap has been in high demand from product makers at COVID-19. Shrink wraps are needed for a variety of products, including food & beverage, electronics, pharmaceuticals, and cosmetics. Due to the inevitable decline of market products as a result of the COVID-19 pandemic's severity, the price of products has skyrocketed.

However, as more consumers have attempted to find items virtually to combat the rising shortage of customers at their physical stores and minimise the spread of illness, the demand for products has increased in an online purchase. As a result of the increased demand for non-perishable commodities as a result of the fear of demand extinction, the need for shrink wraps has increased.

US and Canada Hand Wrappers Market Outlook

The market for hand wrappers is majorly driven by countries such as U.S.

The U.S. food supply is among the safest in the world because to advances in food processing and packaging. Furthermore, in the U.S., hand wrappers are mostly utilised for primary packaging and unitization as a cost-effective alternative.

As a result, manufacturers are concentrating on combining technologies with a variety of inventive and new features in order to match quality, standards, and boost throughput. For instance,

On April 9, 2018, GaleWrap has released GaleWrap LITE Oriented Film, a stretch wrap film provider. The redesigned hand wrap eliminates the need for stretch film while offering improved grasp for unusual or unstable loads. As a result, demand for hand wrappers is projected to increase.

GDP growth, industrial expansion, and a propensity toward automation, on the other hand, are some of the reasons that are likely to stymie the U.S. market for hand wrappers.

Ismail Sutaria
Principal Consultant
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Europe Demand Outlook for Hand Wrappers

The rise in demand for on-the-go food goods, combined with rising household income and rapid urbanisation, is driving the European hand wrappers market.

Furthermore, in order to acquire a competitive advantage in European countries such as Italy, industry leaders are producing customised stretch wrappers.

To meet the increased client needs, manufacturers are expanding their product line by optimising their production. Leading companies are considering strategic acquisitions as a way to expand their market share. For instance,

 In May 2019., Aetnagroup S.p.A. acquired leading packaging machine manufacturers OCME S.r.l.,

The consolidation plan of the two industrial firms, ROBOPAC AND OCME, was put in place ahead of time to allow AETNA GROUP to maximise technological, industrial, and commercial synergies in order to meet new challenges. In the packaging industry, the Group is a world leader in the production of end-of-line machinery and plants. Thus, this in turn is anticipated to spur the demand for hand wrappers in near future.

Who are the Key Manufacturers and Suppliers of Hand Wrappers?

Some of the leading manufacturers and suppliers of hand wrappers include

  • Asahi Industry Co., Ltd.
  • Muller LCS
  • Cortec® Corporation
  • Orion Packaging Systems LLC
  •  Duravant
  • Daily Sealing
  • Lantech
  • Liberty Packaging Systems LLP
  • Berry Global Group, Inc.
  • IMA Group
  • ProMach, Inc.
  • Aetnagroup S.p.A

Many leading manufacturers are focusing on expanding their business through various advancements in technology and mergers and acquisitions. For instance,

On, January 20, 2021 – Duravant LLC, a global provider of engineered equipment and automation solutions to the food processing, packaging, and material handling industries, has formed nVenia, LLC, a new operating company within Duravant's Packaging Solutions Segment formed by the merger of Arpac, Hamer-Fischbein, and Ohlson.

As a result of uniting these companies under one roof and one name, manufacturers are able to develop next-generation packaging equipment, such as shrink wrappers, as well as other innovative solutions for their clients, which is projected to boost demand for hand wrappers in the near future.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Type:

  • Stretch Hand Wrappers
  • Shrink Hand Wrappers
  • Others

By Components:

  • Extended Core
  • Mechanical Brake
    • Pole Wrappers
    • Prestretch Hand Wrappers

By Material Type:

  • Glass
  • Metal
    • Aluminum
    • Aluminum foil
    • Laminates and metallized films
    • Tinplate
    • Tin-free steel
    • Others
  • Plastic
    • Polyolefins
    • Polyesters
    • Polyethylene terephthalate
    • Polycarbonate
    • Polyethylene naphthalate
    • Polyvinyl chloride
    • Polyvinylidene chloride
    • Others
  • Paper and paperboard
    • Paper
      • Kraft paper
      • Greaseproof paper
      • Sulfite paper
      • Glassine
      • Parchment paper
      • Others
  • Paperboard
  • Paper laminates

By Application:

  • Food Packaging
  • Agricultural Packaging
  • Chemical Packaging
  • Healthcare & Pharmaceuticals Packaging
  • Cosmetics & Personal care Packaging
  • Electrical & Electronics Packaging
  • Other Industrial Packaging

By End User:

  • Supermarket
  • Hypermarket
  • Online Stores
  • Others

By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Russia
    • Poland
    • Rest of Europe
  • South Asia
    • India
    • Thailand
    • Malaysia
    • Indonesia
    • Rest of South Asia
  • East Asia
    • China
    • Japan
    • South Korea
  • Oceania
    • Australia
    • New Zealand
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
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Ismail Sutaria
Principal Consultant
LinkedIn
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