Market Research Report
Global Wrapping Machine Market (2019-2025)
|Published by||KBV Research||Product code||915325|
|Published||Content info||206 Pages
Delivery time: 1-2 business days
|Global Wrapping Machine Market (2019-2025)|
|Published: October 30, 2019||Content info: 206 Pages||
The Global Wrapping Machine Market size is expected to reach $4.2 billion by 2025, rising at a market growth of 6.7% CAGR during the forecast period. In the packaging field, wrapping covers a wide range of device forms and designs using plastic film, paper and foil made from aluminum. Every material is wrapped and sealed around the products. Wrapping machines can partially cover or fully enclose a material using the number of operations of folding and sealing. The wrapping machine helps to ensure protection from damage, moisture, and dust and improvises its protection. The wrapping machines with an activated PLC control improve the speed of the entire packaging process, thereby increasing efficiency and effectiveness.
Automatic wrapping machine is capable of wrapping a complete pallet without the need for lifting machines. Due to high demand for packaged goods and safe transport of items, the wrapping machine market is expected to accelerate in the near future. Wrapping machines are available in automatic and semi-automatic models featuring various technologies like control panels, in-built lifting, etc. Product wrapping is witnessing substantial growth in the packaging industry, leading to an increase in the demand for wrapping machines. The wrapping machines market with automated processing is expected to escalate. Wrapping machines are favored by manufacturers who concentrate on the specific solutions.
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 Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In the forecast period, the North America market is expected to develop at the highest CAGR. Factors such as advances in technology, conducive government policies, and infrastructural developments that offer strong channels of distribution are likely to trigger regional growth. In 2018, Europe had the second-largest share of revenue in the wrapping machine market. Russia held a dominating share in the market's overall revenue. Growing demand for on-the-go food products is expected to favor the market in Russia, especially when combined with rising household income and rapid urbanization.
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.