The shrink-wrapping machines market is anticipated to achieve a CAGR of 7.2% and is expected to reach a value of US$ 842.3 Million in 2022. By 2032, the shrink-wrapping machines market size is projected to increase to US$ 1,685.7 Million.
With the demand for shrink-wrapping machines intended for longer shipping periods comes to shrink-wrapping machines market growth. The need for product shipping and transportation to reach a wider geographic customer base has resulted in rising demand for shrink-wrapping machines, which affects the shrink-wrapping machines market key trends and opportunities.
The demand for consumer goods, food, and beverages has increased as a result of rising disposable incomes among consumers in emerging economies, which is having an impact on the shrink-wrapping machines market future trends. It requires less skilled labor because the shrink-wrapping machines are simple to use. The low operational costs of shrink-wrapping machines serve as an advantageous factor for the shrink-wrapping machines adoption trends for these devices.
| Attributes | Details |
|---|---|
| Shrink Wrapping Machines Market (CAGR) | 7.2% |
| Shrink Wrapping Machines Market (2022) | US$ 842.3 Million |
| Shrink Wrapping Machines Market (2026) | US$ 1112.36 Million |
However, the high initial cost of the shrink-wrapping machines is a major factor preventing the shrink-wrapping machines market from becoming overpopulated. Plastic films, an unfriendly material, are designed for the adoption of shrink-wrapping machines. A ban on these films could restrict the shrink-wrapping machines market trends.
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Shrink wrapping machines provide configuration functionality to handle different products' packaging needs. One of the main factors driving the shrink-wrapping machines market opportunities is the machines' capacity to shrink-wrap items of various shapes and sizes with varying levels of complexity as a function of size, volume, and speed.
The shrink-wrapping machines market has benefited from technological advancements that have increased the speed and efficiency of the machines, creating lucrative shrink-wrapping machines market opportunities. The cost of secondary packaging has significantly decreased thanks to shrink wrapping, which has also increased demand for shrink-wrapping machines leading to a surge in the sales of shrink-wrapping machines.
Due to the rising demand for shrink-wrapping machine automation, which increases productivity and saves time, the automatic segment is expected to overtake other process-enabled segments in the shrink-wrapping machines market.
Automation in shrink-wrapping machines has a number of benefits, including minimal human involvement, time savings, faster packaging, and effective shrink-wrapping of a variety of products, which increases overall productivity.
Consumer packaged goods (CPG) manufacturers are increasingly focusing on increasing productivity in order to gain a competitive edge, maintain a position in the shrink-wrapping machines market, and grow their customer base. These shrink-wrapping machines market manufacturers frequently choose cutting-edge automated shrink-wrapping machines for these purposes.
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In 2022, the shrink-wrapping machines market for Europe is expected to have the highest shrink-wrapping machines market share of 28%. In this regional shrink-wrapping machines market, Russia had the largest revenue shrink-wrapping machines market share. It is anticipated that the shrink-wrapping machines market in Russia will benefit from rising demand for food products for consumption on the go, as well as rising household income and quick urbanization.
North America is anticipated to have the second-highest shrink-wrapping machines market share. One of the biggest wholesale suppliers in North America is USA Packaging & Wrapping LLC.
In 2022, the North American shrink-wrapping machines market is expected to have the highest shrink-wrapping machines market share, at 21%. Regional shrink-wrapping machines market growth is likely to be sparked by elements like technological progress, benevolent governmental actions, and infrastructure improvements offering robust distribution channels.
The Asia-Pacific region is expected to lead North America in the shrink-wrapping machines market growth over the forecasted period due to the region's accelerating industrialization and other economic factors.
Due to the increasing packaging needs for meat and processed food products, the shrink-wrapping machines market is also anticipated to grow in the Eastern and Western European regions over the forecasted period. In the Middle East and Africa (MEA) region, the shrink-wrapping machines market is just getting started.
Many new shrink-wrapping machine market opportunities are emerging as manufacturers invest in research and development to create more advanced shrink-wrapping machine solutions. Manufacturers of shrink-wrapping machines have been increasing their production capacity to meet rising customer demand.
A sizeable portion of the shrink-wrapping machines market is taken up by multinational corporations based in developed regions. It is anticipated that shrink-wrapping machine market manufacturers will relocate their manufacturing operations to developing nations.
By making this change, they hope to increase the sales of shrink-wrapping machines and service networks in these areas and capture more shrink-wrapping machines market share.
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Shrink wrapping machines market competition is still only slightly fragmented. Players in the shrink-wrapping machines market employ tactics like product innovations, partnerships, mergers, and acquisitions to broaden their reach internationally.
Additionally, businesses are spending a lot of money on enhancing their Research and Development capabilities as well as concentrating on obtaining pertinent consumer and market trends that help them develop business strategies. Companies may gain a competitive edge over rivals by taking such actions.
Texwrap Packaging Systems, ARPAC LLC, Axon, Duravant, Eastey Enterprises, Kliklok-Woodman, Massman Automation Designs, LLC, PakTech, PDC International Corp, Standard-Knapp, Inc., Tripack and Shrinkwrap Machinery Co. Ltd., and Gebo Cermex are some of the major shrink wrapping machines market players.
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| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 7.2% from 2022 to 2030 |
| The base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Types of Machine, End-use Industry, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | United States of America; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Texwrap Packaging Systems, ARPAC LLC, Axon, Duravant, Eastey Enterprises, Kliklok-Woodman, Massman Automation Designs, LLC, PakTech, PDC International Corp, Standard-Knapp, Inc., Tripack and Shrinkwrap Machinery Co. Ltd., and Gebo Cermex |
| Customization scope | Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The shrink-wrapping machines market is predicted to grow at 7.2% CAGR through 2032.
Europe holds the highest shrink-wrapping machines market share.
The shrink-wrapping machines market size is anticipated to be over US$ 842.3 Million in 2022.
The shrink-wrapping machines market is expected to surpass US$ 1,685.7 Million by 2032.
1. Executive Summary | Shrink Wrapping Machines Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and Their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Machine Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Machine Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Machine Type, 2022 to 2032 5.3.1. Automatic 5.3.2. Semiautomatic 5.4. Y-o-Y Growth Trend Analysis By Machine Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Machine Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-use, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-use, 2022 to 2032 6.3.1. Food and beverage industry 6.3.2. Pharmaceutical industry 6.3.3. Logistics industry 6.4. Y-o-Y Growth Trend Analysis By End-use, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By End-use, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa (MEA) 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. United States of America 8.2.1.2. Canada 8.2.2. By Machine Type 8.2.3. By End-use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Machine Type 8.3.3. By End-use 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Machine Type 9.2.3. By End-use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Machine Type 9.3.3. By End-use 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Machine Type 10.2.3. By End-use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Machine Type 10.3.3. By End-use 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. New Zealand 11.2.1.8. Rest of Asia-Pacific (APAC) 11.2.2. By Machine Type 11.2.3. By End-use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Machine Type 11.3.3. By End-use 11.4. Key Takeaways 12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of Middle East and Africa (MEA) 12.2.2. By Machine Type 12.2.3. By End-use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Machine Type 12.3.3. By End-use 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. United States of America 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Machine Type 13.1.2.2. By End-use 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Machine Type 13.2.2.2. By End-use 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Machine Type 13.3.2.2. By End-use 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Machine Type 13.4.2.2. By End-use 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Machine Type 13.5.2.2. By End-use 13.6. United Kingdom 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Machine Type 13.6.2.2. By End-use 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Machine Type 13.7.2.2. By End-use 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Machine Type 13.8.2.2. By End-use 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Machine Type 13.9.2.2. By End-use 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Machine Type 13.10.2.2. By End-use 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Machine Type 13.11.2.2. By End-use 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Machine Type 13.12.2.2. By End-use 13.13. Malaysia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Machine Type 13.13.2.2. By End-use 13.14. Singapore 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Machine Type 13.14.2.2. By End-use 13.15. Australia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Machine Type 13.15.2.2. By End-use 13.16. New Zealand 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Machine Type 13.16.2.2. By End-use 13.17. GCC Countries 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Machine Type 13.17.2.2. By End-use 13.18. South Africa 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Machine Type 13.18.2.2. By End-use 13.19. Israel 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Machine Type 13.19.2.2. By End-use 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Machine Type 14.3.3. By End-use 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. 3M Company 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Texwrap Packaging Systems 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. ARPAC LLC 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Axon 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Duravant 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Eastey Enterprises 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Kliklok-Woodman 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Massman Automation Designs 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. PakTech 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. PDC International Corp 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 15.1.11. Standard-Knapp, Inc. 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.11.5.2. Product Strategy 15.1.11.5.3. Channel Strategy 15.1.12. Tripack and Shrinkwrap Machinery Co. Ltd 15.1.12.1. Overview 15.1.12.2. Product Portfolio 15.1.12.3. Profitability by Market Segments 15.1.12.4. Sales Footprint 15.1.12.5. Strategy Overview 15.1.12.5.1. Marketing Strategy 15.1.12.5.2. Product Strategy 15.1.12.5.3. Channel Strategy 15.1.13. Gebo Cermex 15.1.13.1. Overview 15.1.13.2. Product Portfolio 15.1.13.3. Profitability by Market Segments 15.1.13.4. Sales Footprint 15.1.13.5. Strategy Overview 15.1.13.5.1. Marketing Strategy 15.1.13.5.2. Product Strategy 15.1.13.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Shrink Wrapping Machines Market
