Market Research Report
Latin America, Middle East & Africa Wrapping Machine Market (2019-2025)
|Published by||KBV Research||Product code||915348|
|Published||Content info||74 Pages
Delivery time: 1-2 business days
|Latin America, Middle East & Africa Wrapping Machine Market (2019-2025)|
|Published: October 30, 2019||Content info: 74 Pages||
The Latin America, Middle East and Africa Wrapping Machine Market would witness market growth of 7.8% CAGR during the forecast period (2019-2025). Central and South America's economy is largely driven by countries like Brazil. The food and beverage industry has also been greatly affected during the region's economic and political crises, which started to recover at a remarkable rate. Growth in GDP, industrialization, and automation are some of the factors likely to favor the wrapping machine market in Central and South America.
Wrapping machine automation provides many benefits such as minimal human interference, time reduction, faster packaging process, and effective wrapping of multiple products, thereby improving overall productivity. Consumer packaged goods (CPG) manufacturers are increasing their focus on improving their profitability in order to gain competitive advantage, preserve their market position and improve their custom. Shrink wrapping machine is a heat-shrink packaging device that requires a sealer and heat source for applying heat to the shrink wrap. It consists of a shrink film contactor, centerfold, conveyor, control panel, sealer, roller rods, film separator, and shrink tunnel. In the food & beverage, dairy, personal care, pharma and nutraceutical sectors, these devices are used extensively.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.