According to Stratistics MRC, the Global Wrapping Machine Market is accounted for $3.5 billion in 2022 and is expected to reach $6.3 billion by 2028 growing at a CAGR of 10.2% during the forecast period.
Wrapping machines are used to wrap packages in stretch film, so as to maintain the quality of the products and ensures high production rates in the packaging industry. Wrapping machines can be of different forms such as vertical, ring, still or rotatory and orbital wrappers. It increases the presentation quality and consumer appeal of the product. They are used in various industries such as healthcare, pharmaceuticals, personal care, and public professional services to attain a degree of customization with respect to handling and transporting material goods.
The rising demand in food and beverage industry has driven the use of packaging of products which has shipped across the world. Now they have come in creative features and designs to meet the demand of the customers. The dynamic transport of food products with no damage or spillage upsurges the demand of wrapping in the market because it stabilize the loads, which are expected to push the demand for the market.
By geography, North America is projected to have the highest CAGR over the forecast period, owing to the technological advancements, favourable government policies, and infrastructural developments that offer strong distribution channels. Rapid urbanization in this region is projected to favour the market growth.
Some of the key players profiled in the Wrapping Machine Market include Robert Bosch GmbH, Lantech, ProMach Inc, Aetnagroup S.p.A, Duravant LLC, Coesia S.p.A, Atlantic Corporation, Robert Reiser & Co., Inc, IMA Group, Maillis Group, Mettler Toledo, Sampack India Private Ltd, Tetra Laval International S.A , Nido Machineries, BEUMER Group GmbH & Co. KG, Pieri Srl, TOSA S.P.A, Adpak Machinery Systems Ltd, SPG Packaging Systems Gmbh, Messersi Packaging.
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Machine Types Covered:
- Shrink
- Stretch
- Other Machine Types
Mode Of Operations Covered:
- Automatic
- Semi Automatic
- Other Mode Of Operations
Applications Covered:
- Beverages
- Chemicals
- Food
- Pharmaceuticals
- Personal Care
- Other Applications
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