The global stretch wrappers market is expected to grow at a linear rate of 5.6 percent through 2031, reaching US$ 710.4 Mn.
Stretch wrappers are used to wrap goods around pallets with stretch film, as their name suggests. Stretch wrappers are specialised wrapping machines that are used to select and manage pallet loads of varying heights and weights. The items and supplies are securely wrapped on the pallets so that they do not move during transportation.
Demand for Stretch Wrappers (2015-2021) vs. Market Forecast (2022 to 2031)
Customers’ demand for adaptable and damage-proof packaging delivery is driving up demand for stretch wrappers. On bumpy trips, the tightly wrapped pallets with plastic sheets keep the stored goods safer. End users want a single solution to deal with both – cost-effective and efficient transportation of pelleted commodities.
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As a result, completely automatic stretch wrappers, which can wrap up to 200 pallets per hour, are rising in popularity. This has the added benefit of lowering transportation costs during transit while also ensuring the quality of the kept product.
The market for stretch wrappers is expected to double throughout the forecast period, according to FMI’s analysis.
Stretch wrappers are commonly used to wrap and transport large quantities of solid, semi-solid, or liquid substrates such as food, beverages, pharmaceuticals, and tissue goods onto pallets. The distribution of goods on a pallet, where polyethylene stretch film stabilises the lightweight shape throughout shipment, is a well-known packaging technique.
During the forecast period, the food and beverage and pharmaceutical industries are likely to hold a significant share of the market. According to FMI, these advancements will have a beneficial impact on the stretch wrappers industry, which is expected to grow by 1.8 times its current value by 2031.
Insights by Country
According to the Italian Packaging Machinery Manufacturers Association (UCIMA), Italian automatic packaging machinery has the highest export tendency (more than 80%) and is made up of approximately 200-250 industrial-sized enterprises and 300 production units.
The well-established and export-oriented packing machinery market, as well as the introduction of automation and robots into the lucrative stretch wrapper equipment market, are expected to provide blossoming growth prospects for market players. Furthermore, prominent packaging machinery manufacturers such as BEMA SRL, Atlanta Stretch Spa, UNITECH SRL, PAGLIERANI s.r.l., Technowrapp srl, and others are supporting the country’s stretch wrappers market expansion.
According to FMI’s estimate, demand for automatic and robotic stretch wrappers is likely to be strong in the United States over the forecast period. One of the important growth drivers is that the United States is home to the majority of the world’s top food, beverage, and pharmaceutical processing sectors, and manufacturers have embraced the usage of atomize packaging lines in their operations. Many companies, including PepsiCo, Inc., Cargill, Inc., The Kraft Heinz Company, Pfizer Inc., Johnson & Johnson, Merck & Co., Inc., and others, have operations in the United States, which will drive demand for stretch wrappers.
Insights by Category
Rotary arm stretch wrappers accounted for about half of the global market in terms of value by 2021, according to machine type. Furthermore, ring and rotary arm stretch wrappers are expected to have a significant global market penetration. They are favoured because they have a larger throughput capacity and are easier to operate.
In 2020, the regular stretch wrappers segment accounted for over 3/4th of the worldwide stretch wrappers market by order type. With the growth of end-use industries and the need to meet precise consumer demands, providers are quickly making customised and robotic stretch wrappers a more viable alternative for major warehouses, distribution centres, and manufacturing facilities.