Over the last decade, the sleeve wrapping machine market witnessed a drastic transformation with the global expansion in several micro and macro industries. From craft beer cans to tamper-evident pharmaceuticals to personal care products, sleeve wrapping is sizzling and all pointers indicate uninterrupted growth.
It is expected that the market will flourish at a CAGR of 4.9% from 2022 to 2032, rising from US$ 999 Million to US$ 1,611.78 Million.
| Data Points | Key Statistics |
|---|---|
| Market Value in 2022 | US$ 999 Million |
| Market Value in 2032 | US$ 1,611.78 Million |
| Growth Rate (2022 to 2032) | 4.9% CAGR |
With 360-degree messaging and high shelf impact, shrink sleeve technology has come a long way in the packaging industry. Advancements in technology cultivated new methods involving cross-linking of the polyolefin to achieve greater strength.
The invention of the polyolefin urged the need to develop equipment for draping the shrink film which is the sleeve wrapping machine. The technology behind the sleeve wrapping machine is that when warm air is blown to the sleeve, it contracts firmly on the object being enveloped creating an airtight seal.
According to Flexible Packaging, “the heat shrink sleeve format in North America is clipping along at a seven percent growth rate, as it branches beyond food and beverage, nutraceuticals and household chemicals, and makes inroads into new categories like health and beauty.
Owing to this factor, Future Market Insights- a prominent market research provider forecasts that the sleeve wrapping machine is projected to witness significant growth over the next decade.
Addressing the shifting market trends post the seriousness of the pandemic, the packaging of consumer goods adopted new technologies to survive in the transition phase. However, there is an extensive array of downfalls that can arise when sleeve wrapping products use shrink film. A majority of these issues are pretty normal and easy to rectify by adjusting machine settings without having to seek technical service.
Future Market Insights indicates that the future of packaging machinery seems secure & stable, but with recent developments in edible food packaging by a company called WikiPearl – founded by Harvard Bioengineer David Edwards – the packaging machinery landscape may witness alteration again soon.
WikiPearl uses a skin similar to grape skin or apple skin to package a product, making it edible and more environmentally friendly than plastic packaging products, although this technology is not yet in regular use.
Shrink sleeve technology has traveled a long way in the packaging industry. From bagging equipment to robotic palletizing, the latest innovation in packaging equipment was recently debuted at PACK EXPO International. For instance, the new SRX Series is designed to give customers the packaging equipment for shrink bundling pre-formed trays of products with the option to add graphics with print registered shrink film.
This machine enhances the aesthetic appeal of the products as well as eased transportation convenience. The manufacture of shrink sleeve applicators is regulated by the ISO standards and safety considerations are factored in during the construction of the machine.
Growth of sleeve wrapping machine is increasing with the growing demand for automation in the market. Transportation of products over large geographical region requires strong packaging and sleeve wrapping machines provide a complete packaging solution for the products. Due to increasing demand for food & beverages and consumer goods, sleeve wrapping machine market is highly influenced.
Sleeve wrapping is a type of packaging which is done with the help of sleeve wrapping machine to pack the products together. Packaging machines plays an important role in the final stages of the packaging process.
Sleeve wrapping machine wraps the products in such a way that packages have open ends which are referred to as bull’s eyes. In sleeve wrapping machine the sleeve wrappers can be tailored to meet customer requirements. Sleeve wrapping machine reduces the labor costs and increase the efficiency of the packaging process.
In sleeve wrapping machine two rolls of flat polyethylene are sealed and producing a curtain of film, the pack now travels into this curtain of film producing a sleeve around the pack, which shrinks tightly in the tunnel. Sleeve wrapping machines are mainly designed for producing shipment packs in polyethylene shrink film.
Sleeve wrapping machine provide complete solution for bundling a large variety of products and is often called a bundler. Sleeve wrapping machines are the safest and reliable machines. Sleeve wrapping machines are sometimes provided with shed, safety director, and an alarm system.
Sleeve wrapping machine are also able to identify film availability condition. Sleeve wrapping machines are suitable for wrapping various products such as bottles, cans, boxes, big cartons, bags, and many more. Sleeve wrapping machines wrap products with or without bottom tray.
Sleeve wrapping machines are highly reliable and easy to use machines for wrapping wide variety of products. Sleeve wrapping machine can wrap any size of products from cans and bottles to large size boxes, which makes the sleeve wrapping machine more feasible. Sleeve wrapping machine require plastic films for the wrapping of the products.
However initial investment is high in sleeve wrapping machine. Another restraining factor in the growth of sleeve wrapping machine is that sleeve wrapping machine require plastic films in packaging process. Ban on such films may limit the sleeve wrapping machine market.
Various new developments are going in the field of sleeve wrapping machine market in which speed and efficiency are major aspects of improvement. Sleeve wrapping machine are expected to have vast opportunities over the forecast period of 2016-2024.
On the basis of geography, sleeve wrapping machines are segmented into North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan (APEJ), Middle East & Africa (MEA) and Japan.
Among these region, APEJ is expected to collectively dominate the market throughout the forecast period and along with APEJ, North America is another leading market for sleeve wrapping machine. The Eastern Europe and Western Europe region is also expected have growth in sleeve wrapping machine market. Due to increasing packaging demand in the food & beverage products.
Some of the players operating in the global sleeve wrapping machine market include ULMA packaging, Busch Machinery, Inc., MiniPack International Pty Ltd, +Vantage Corporation, Texwrap Packaging Systems, Eastey Enterprises, Kliklok-Woodman, PakTech, and PDC International Corp, PolyPack, Inc.
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.
The global market for sleeve wrapping machine is segmented on the basis of machine type, machine speed and end-use.
By machine type:
By machine speed:
By end-use:
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