Wrapping Machine Market

Wrapping Machine Market Outlook (2023 to 2033)

According to Future Market Insights research, during the projected period, the global wrapping machine market is set to enjoy a valuation of US$ 3.2 billion in 2023, and further expand at a CAGR of 3.7% to reach US$ 4.6 Billion by the year 2033. The sales of wrapping machines are anticipated to bolster with the top 5 companies estimated to hold around 15 to 20% of the market in 2022.

Based on the automation, the automatic machine is projected to remain the leading segment among the other material used for manufacturing wrapping machines. The automatic machine segment is estimated to expand 1.4 times the current market value from 2023 to 2033.

Attributes	Details
Market Size 2023	US$ 3.2 Billion
Market Size 2033	US$ 4.6 Billion
Value CAGR (2023 to 2033)	3.7%
Collective Value Share: Top 3 Countries (2023E)	30 to 35%

According to the FMI analysis, the wrapping machine market revenue totaled US$ 3.1 billion in 2022. With the propelling demand from the various end-users, the global wrapping machine market is projected to reach US$ 4.6 Billion by 2033, accelerating at a CAGR of 3.7% during the forecast period.

The wrapping machine market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that wrapping machine sales will rise from 2023 to 2033 and is projected to create an absolute incremental growth opportunity of US$ 1.5 Billion.

The modernization of the packaging machinery industry shapes the wrapping machine market growth. The wrapping machine market is anticipated to expand 1.5 times the current market value during the forecast period.

Historic Market Outlook for Wrapping Machine

The global wrapping machine market witnessed a CAGR of 3.4% during the historic period with a market value of US$ 3.1 billion in 2022.

The wrapping machine is used to wrap products on a platform. Wrapping machines are specialized packaging equipment used for the selection and handling of pallet loads with varying weights and heights. Products and items are wrapped tightly before being loaded on the pallet to ensure that they remain in place throughout transportation. Both automated and semi-automatic types of this equipment are offered.

The continuously growing food & beverage and food service industry are projected to drive the demand for wrapping machines. The changes in the eating habits and lifestyle of the people have increased the usage of packed food which creates a growth opportunity for the Wrapping machine market. Overall, the global Wrapping machine market is anticipated to bolster at a faster pace during the forecast period.

What are the Growth Driven Factors for Wrapping Machine Market?

The higher production cost causes low profit for the organization. Many manufacturers are strategizing to reduce operational costs to achieve high profits. The High production costs translate to lower profits. Efficiency in any operational process is an important aspect of an organization. Wrapping machine offers higher efficiency in a short time interval. Wrapping machine provides higher productivity in fewer time interval. There is less human intervention in the wrapping process with a wrapping machine. These will help to eliminate human error from the process. It offers low capital cost.

The wrapping machines have various of advantages, including less human involvement, less time consumption, and high operation speed. Consumer packaged goods (CPG) producers are constantly concentrating on improving efficiency in order to obtain a competitive edge, maintain market position, and grow their customer base. These producers frequently choose wrapping machines. These factors will create a positive growth outlook for the wrapping machine market.

Category-wise Insights

Which Machine is expected to Hold a Major Portion of the Global Wrapping Machine Market?

Based on the machine segment, the wrapping machine segment holds the major portion of the global wrapping machine market. The targeted segment is projected to hold around 65% of the market share by the end of 2033.

Many large-scale industries are adopting automated manufacturing as well as packaging systems for increasing output. The automatic wrapping machine provides accuracy with a high productivity rate. It reduces labor demands and provides safety to all labor.

Which End User offers Lucrative Growth Opportunity in the Global Wrapping Machine Market?

The food & beverages segment is projected to grow at a CAGR of 3.2% during the forecast period.

There is rising demand for packed food & beverages significantly. The demand for packed food and Beverage drinks are increasing due to changing lifestyle, increasing disposable income are key factors driving the growth of the food & beverages market. Consumption of food & beverages drives directly affects the sales of the wrapping machine.

Country-wise insights

How does China Supplement the Sales of the Wrapping Machine Market?

China is expected to hold around 62% of the East Asia wrapping machine market by the end of the forecast period. As of June 2022, China produced about 25 lakh vehicles, including passenger and commercial vehicles, and as of June 2022, about 2.5 lakh vehicles were exported worldwide, according to key findings from the China Association of Automakers Manufacturers. Increasing demand for automobiles is expected to increase demand for end-of-line packaging to pack various automotive products.

How is Mexico anticipated to Bolster the Sales of the Wrapping Machine Market?

As per The Association for Packaging and Processing Technologies (PMMI), the food sector emerged as the largest demand segment for packaging machinery across Mexico in 2020. Also, the U.S. holds a position as the third largest supplier with 17% of total imported packaging machinery in 2020 across Mexico.

Competitive Landscape

The key players operating in the wrap machines market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new technologies to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand. Some of the recent key developments by the leading players are as follows –

• In October 2022, ULMA Packaging (ULMA Group) announced that the company has introduced an RFID-based format control system to maximize the availability of packaging machinery. The innovations in the industry will help the company to survive in cut-throat competition.
• In August 2022, Shandong Sapphire Packaging Machinery Co., Ltd. exported its labeling machines to Korea. The exports to the Korean market are suggesting the strong demand for company pieces of machinery across the world. The company is strengthening its position in the world market by exporting its high-end machinery to various countries.
• In March 2022, EDL (A Massman Company) acquired New England Machinery, Inc. the acquisition will further add efficiency to the company’s efficiency. The company has invested a substantial amount which will be beneficial for it in terms of competitive edge.

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 3.7% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Machine, Orientation, End Use, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania
Key Countries Covered	The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia
Key Companies Profiled	Redpack Packaging Machinery; Pfm Packaging Machinery Ltd.; Cavanna Packaging Group; EDL (A Massman Company); Gerhard Schubert GmbH; Mosca GmbH; A.M.P.-Rose; BRADMAN-LAKE GROUP LIMITED; Shandong Sapphire Packaging Machinery Co., Ltd; Movitec Wrapping Systems, SL; Technowrapp srl; Wulftec International Inc.; Robopac SPA; Phoenix Wrappers, Inc.; Perks Engineering; ULMA Packaging (ULMA Group)
Customization & Pricing	Available upon Request

Wrapping Machine Market by Category

By Machine, Wrapping Machine Market is Segmented as:

• Automatic
• Semi-Automatic

By Orientation Type, Wrapping Machine Market is Segmented as:

• Vertical
• Horizontal

By End Use, Wrapping Machine Market is Segmented as:

• Food & Beverage
• Pharmaceuticals
• Consumer Product
• Automotive
• Textile
• Construction
• Chemical

By Region, Wrapping Machine Market is Segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa (MEA)
• Oceania