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Shrink Bundling Machine Market Outlook for 2024 to 2034

The global shrink bundling machine market is set to acquire a value of USD 732.5 million in 2024. By 2034, the value of the shrink bundling machine market is slated to shoot upwards to USD 1,003.7 million. As such, the sector is anticipated to progress at a CAGR of 3.2%.

Bulk packaging continues to be the requirement for a vast majority of packaging. With packaging needs of consumer goods and food and beverage sector players not showing any signs of slowing down, bundling is often seen as the way to go. The trust placed in bulk packaging is reflected in the high sales and use of these machines.

Food packages bundled together offer more safety and are thus preferred by suppliers. Bundling the items together into one bulky package also reduces the money and effort required. Thus, machines for bundling are seeing continued popularity.

One of the foremost debating points in the packaging world is eco-friendliness. Plastics have ruled the packaging world for a considerable amount of time, but the industry is slowly inkling towards sustainability. As bundling requires less packaging material for numerous units, the use of environmentally harming materials is lessened.

However, there is also a flip side. Shrink bundling machines most prominently use plastic as the shrink. Plastic shrink has proven its worth in terms of being lightweight, providing security, and being easy to handle.

However, the non-recyclability of plastic is looked down upon in shrink packaging. Manufacturers are thus rapidly turning towards eco-friendly shrink wrap. Bundling machines are following suit, being optimized for sustainable shrink wrap packaging.

While shrink bundling is reputed for its safety, a hazard in one package has the potential to ruin the entire bundle. This restriction of one error running a considerable number of goods results in the demand for these machines shrinking.

Attributes Details
Established Value for 2024 USD 732.5 million
Projected Value for 2034 USD 1,003.7 million
Value-based CAGR from 2024 to 2034 3.2%

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Key Industry Highlights

Development of E-commerce Sales Necessitating Fast Packaging Machines

The e-commerce boom has vast implications for the packaging realm. As consumer goods and packaged food item demand moves along at a rapid pace, there is a need for efficient packaging machines. Shrink bundling machines are thus resorted to. These machines streamline the packaging process, while at the same time offering bulk quantities of goods ready to reach consumers.

The e-commerce boom is not restricted to food products. The use of e-commerce websites for pharmaceutical and healthcare products is also necessary for the use of these machines.

Shrink Bundling Machines Meeting Diverse Needs of Industries

While consumer goods and food products are the foremost industries where these machines are put to use, there are other sectors where their use proves beneficial. For automotive industry manufacturers, the easy handling provided by bulk packaging proves a boon.

Parts of vehicles are thus bundled together in packaging, providing ease of transportation. Other end-use industries that take the aid of these machines include pharmaceutical and agriculture, among many. Thus, the wide application of these machines helps demand to roll along.

Advanced Machinery Sees Shrink Bundling Machine Market Move Forward at Breakneck Speed

Technological advances have seen semi-automatic and automatic versions of the machine come to the fore. These automated machines offer even more savings in terms of effort, time, and money. Thus, the profile of the bundling machines is raised.

2019 to 2023 Global Shrink Bundling Machine Sales Analysis Compared to Demand Forecasts for 2024 to 2034

The shrink bundling machine market advanced at a rate of 2.9% for the period between 2019 to 2023. While the 2019 value was tipped to be USD 615.5 million, the 2023 value jumped to USD 710.1 million.

As with many packaging industries, the shrink bundling machine demand suffered during the pandemic too. The closure of manufacturing units meant there was less material to pack. Facilities where the machines are housed faced a downturn too.

On the other hand, the increased need for medicines benefitted the market in the historical period. The quantity of medicines required by hospitals meant bundling them together in one packaging was given priority. As newer vaccines and medicines came to the fore, these machines were called upon more often.

The market is anticipated to progress faster in the forecast period than in the historical period. With the industry recovering after the effects of the pandemic, more and more packaging factories are being set up. As bulk packaging becomes the only type of packaging feasible for large quantities of goods, the sector is set to benefit. Innovation in green shrink packaging is also slated to help the industry’s progress.

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Ismail Sutaria

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Comparative View of Adjacent Markets

Apart from the shrink bundling machine market, an in-depth analysis has been done on two other related markets. The markets by name are the shrink wrapping machine market and the shrink bundling film market.

The ability of shrink wrapping machines to provide seamless batching solutions is helping their widespread adoption. Shrink wrapping machines being produced in a variety of sizes are also helping their adoption in diverse industrial settings.

Shrink Wrapping Machine Industry:

Attributes Shrink Wrapping Machine Industry
Value-based CAGR (2024 to 2034) 6.5%
Market Trend Development of automatic machines
Restraint High initial investment
Growth Factor Enhanced need for secondary packaging

With sodas and energy drinks increasingly becoming a part of the daily diets of consumers, the need for their packaging is climbing. This is where shrink bundling films are stepping in.

Shrink Bundling Film Industry:

Attributes Shrink Bundling Film Industry
Value-based CAGR (2024 to 2034) 4.9%
Market Trend Use of shrink bundling film for branding purposes
Restraint Environmental threat related to shrink bundling films
Growth Factor Lower cost associated with shrink bundling films as compared to containers

Category-wise Outlook

Predominantly, semi-automatic machines populate factories. In-line is the type of machine being preferred by industrialists.

Semi-automatic Machines Hit the Sweet Spot for Factories

Semi-automatic machines are penned in to take up 27% of the market share in 2024.

As manufacturers embrace automation, shrink bundling machines of the automatic variety too are gaining widespread popularity. These automatic machines are also less bulky and easier to operate, further providing the incentive for industrialists to switch from manual versions.

However, the price of automatic machines acts as a barrier to their adoption. Thus, semi-automatic machines are finding greater adoption in factories. The machines come at a cheaper rate while also helping producers save on time and energy.

Attributes Details
Top Automation Semi-automatic
Industry Share (2024) 27%

Applicability of In-line Machines in Handling Similar Products Helps Them Rise to the Top

For 2024, in-line machines are predicted to remain at the top, with a share of 23%.

In-line machines are popular due to their ability to efficiently package similar items. These machines are also the top choice when the production rates are slower. Thus, in-line machines continue to reign in the type segment.

Attributes Details
Top Type In-line
Industry Share (2024) 23%

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Country-Wise Analysis

The overall growth of the packaging sector in Asia is helping the machines make more inroads in the region. As production facilities expand in Europe, there is more room for these machines on factory floors in the region. The automation sweep in North America is seeing automatic versions of the product being more accepted in the region.

Countries CAGR (2024 to 2034)
Japan 3.1%
China 3.2%
United States 3%
South Korea 3.1%
United Kingdom 3%
Canada 2.9%
Italy 2.9%
Germany 2.8%
France 2.9%
Spain 2.7%
India 3.3%
Thailand 3.2%

Technological Advances Move the Market Forward in the United States

In the United States, technology is the name of the game when it comes to the packaging sector. This embrace of technology sees the industry move forward at a predicted CAGR of 3% through 2034. Integration of technology into machines is helping them become more efficient in the United States. Robotics is just one of the revolutionary technologies that is transforming the sector in the country.

Partnerships with Foreign Entities Allow the Shrink Bundling Machine Market to Flourish in India

India is set to be fertile ground for the industry over the coming decade. With the industry slated to expand at a CAGR of 3.3% in the country, market players have the opportunity to take advantage of the encouragement for packaging from the Indian government. Several foreign companies have already established tie-ups with Indian entities.

For example, Italian company SMI with Clearpack Automation and Chinese enterprise Chaozhou Chaoan Jindali Packaging Machinery Co., Ltd. with Weldon Celloplast Ltd. Other foreign companies can follow in their footsteps to increase their footprint in India.

Wide Variety of Packaging Requirements Necessitates Adoption of Shrink Bundling Machines in the United Kingdom

The United Kingdom is set to see market growth happen at a CAGR of 3% over the coming decade.

As food and consumer product sales ramp up in the United Kingdom, shrink wrapping needs of industrialists are on the rise. Manufacturers are intent on satisfying the diverse needs of end-users and are thus manufacturing machines with varieties. For example, in-line machines, wide shrink wrap machines, automatic sleeve sealers, and more.

Competitive Landscape in the Shrink Bundling Machine Market

The shrink bundling machine market is competitive, with no players having established dominance. Partnerships are common in the sector, especially as players look at geographical expansion. Thus, multinational companies are collaborating with local entities.

American Packaging Machinery, Inc. is one of the prominent companies in the sector. The company’s fleet of automatic machines has enhanced its reputation in the market. Mosca GMBH, on the other hand, focuses on enhancing the security provided by the machines with each new iteration.

Recent Developments in the Shrink Bundling Machine Market

  • At PACK EXPO 2023, Pester USA unveiled the PEWO-pack 600. It is a machine that incorporates robotics into the stretch bundling, coming equipped with a Delta robot.
  • In January 2023, Massman Companies acquired fellow United States-based enterprise Ultra Packaging Inc.
  • In December 2023, United States-based companies WestRock and Atlantic Packaging collaborated on a recyclable packaging solution. The solution, called the Canopy Equipment and Canopy Wrap, focuses on the use of recyclable material for tray bundling.

Key Companies in the Shrink Bundling Machine Market

Key companies in the industry include American Packaging Machinery, Inc., Mosca Gmbh, Polychem Corporation, Cyklop Nederland B.V., Arpac LLC, A.R.C. (Atelier de Recherches et de Conceptions), Promach, Inc., EDL Packaging, Inc., Felins, Inc., and SS Automation & Packaging Machinery.

Key Segments of Shrink Bundling Machine Market

By Automation:

Based on automation, the shrink bundling machine market can be trifurcated into the following segments: manual, semi-automatic, and automatic.

By Machine Type:

Based on the machine type, the shrink bundling machine market can be segmented into the following segments: in-line, rotary shrink, tunnel shrink, and combination shrink.

By End Use:

Based on end use, the shrink bundling machine market can be segmented into the following segments: food & beverage, pharmaceutical and healthcare, retail and consumer goods, automotive, agriculture, and industrial.

By Region:

The sector has been analyzed with the following regions covered: North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

Frequently Asked Questions

How Big is the Shrink Bundling Machine Sector?

The size of the shrink bundling machine sector is estimated to be USD 732.5 million in 2024.

At What Rate is the Industry Expected to Grow?

The industry is expected to increase at a CAGR of 3.2% over the forecast period.

What is the Scope of Shrink Bundling Machine in the United States?

Sales are expected to register a CAGR of 3% in the United States over the period from 2024 to 2034.

What is the Forecast of the Shrink Bundling Machine Sector?

The shrink bundling machine sector is forecasted to reach a size of USD 1,003.7 million by 2034.

Which are the Key Companies in the Industry?

American Packaging Machinery, Inc., Mosca Gmbh, Polychem Corporation, and Cyklop Nederland B.V. are some of the prominent companies in the industry.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Automation

    6.2. Machine Type

    6.3. End Use

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Automation

    7.1. Manual

    7.2. Semi-Automatic

    7.3. Automatic

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Machine Type

    8.1. In-line

    8.2. Rotary Shrink

    8.3. Tunnel Shrink

    8.4. Combination Shrink

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use

    9.1. Food & Beverage

    9.2. Pharmaceutical & Healthcare

    9.3. Retail & Consumer Goods

    9.4. Automotive

    9.5. Agriculture

    9.6. Industrial

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    10.1. North America

    10.2. Latin America

    10.3. Western Europe

    10.4. South Asia

    10.5. East Asia

    10.6. Eastern Europe

    10.7. Middle East & Africa

11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

18. Sales Forecast 2024 to 2034 by Automation, Machine Type, and End Use for 30 Countries

19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

20. Company Profile

    20.1. American Packaging Machinery, Inc.

    20.2. Mosca GmbH

    20.3. Polychem Corporation

    20.4. Cyklop Nederland B.V.

    20.5. Arpac LLC

    20.6. A.R.C. (Atelier de Recherches et de Conceptions)

    20.7. Promach, Inc.

    20.8. EDL Packaging, Inc.

    20.9. Felins, Inc.

    20.10. SS Automation & Packaging Machinery



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