Market Research Report
Europe Wrapping Machine Market (2019-2025)
|Published by||KBV Research||Product code||915302|
|Published||Content info||74 Pages
Delivery time: 1-2 business days
|Europe Wrapping Machine Market (2019-2025)|
|Published: October 30, 2019||Content info: 74 Pages||
The Europe Wrapping Machine Market would witness market growth of 5.9% CAGR during the forecast period (2019-2025). The food industry is one of the leading sectors that are expected to boost demand for packaging equipment and related equipment. Some of the factors expected to increase demand for wrapping machines over the forecast period are rapid industrialization, rising infrastructural innovations, and increasing investments, particularly in the food and beverage sector.
Increasing demand for ready-to-eat, dairy, and other perishable foods, along with high demand for convenience food goods, is likely to promote growth in the industry. Furthermore, factors like consumer lifestyle shift and food habits, coupled with evolving food preferences, are expected to increase demand for wrapping machine. Important and temperature-sensitive pharmaceutical products require sufficient packaging to avoid contamination, including vaccines, alcohol, and other medicines. It is also likely that this aspect will lead to market growth. The pharmaceutical segment is expected to grow substantially over the forecast period due to the above-mentioned factors.
Based on Type, the market is segmented into Stretch Wrapping Machine, Shrink Wrapping Machine and Others. Based on Mode of Operation, the market is segmented into Semi-Automatic Wrapping Machine and Automatic Wrapping Machine. Based on Application, the market is segmented into Food Industry, Beverages Industry, Personal Care, Pharmaceuticals, Chemicals and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IMA Group, Duravant LLC, BEUMER Group GmbH & Co. KG, Lantech LLC, ProMach, Inc., Maillis Group S.A. (H.I.G. Capital LLC), Robert Reiser & Co., Inc., Aetna Group S.p.A., Atlanta Stretch SpA and American Packaging Machinery, Inc.