Introduction to Shrink Wrapping Machines
Shrink wrapping machines are primarily used for the packaging of the various products. It also provides transparency of the packaged content. The shrink wrapping is the process that involves the application of the temperature sensitive films. The shrink wrapping machines offers the configuration functionality that is required to address the packaging requirements of the various products. It helps to keeps the product clean and makes it temper resistant.
The shrink wrapping machine can be used for the wrapping of overwrap on pallet loads boxes, cartons and beverage cans. It can also be used for the covering of the food items such as meats, cheese and vegetables.
Market Size and Forecast
The low operational cost associated with the packaging coupled with the increasing demand for the better packaging solution on the account of increasing disposable income of the population across the globe is anticipated to be the major reason driving the growth of the global shrink wrapping machines market. Additionally, the increasing demand for the better transportation of the goods and material is also major reason supporting the growth of the global shrink wrapping machines market.
The global shrink wrapping machines market can be segmented on the basis of type and end-use industry. On the basis of type, it is sub-segmented into automatic and semi-automatic. Automatic sub-segment is anticipated to be the fastest developing sub-segment during the forecast period. The growing technological development across the globe is anticipated to be the major reason promoting the growth of the sub-segment during the forecast period. On the basis of the end-use industry, it is sub-segmented into pharmaceutical industry, food and beverage industry and logistics industry.
Growth Drivers
Increasing Demand for the shipment of the products
The increasing demand for the better packaging of the products so that it can be sustained for a long time is anticipated to be drive the global shrink wrapping machines market during the forecast period.
Enables complex packaging
The shrink wrapping machines enables the complex packaging of the products with different shapes and size. It provides trouble free and efficient operation. Additionally, the various technological development associated with the shrink wrapping machines is anticipated to drive the market growth of the global shrink wrapping machines market.
Restraints
High set up cost
The shrink wrapping machines needs high investment associated with the setup and it also used the plastic materials which is not environment friendly in nature.
Market Segmentation
Our-in depth analysis of the global shrink wrapping machines market includes the following segments:
By Type:
- Automatic
- Semiautomatic
By End-Use Industry:
- Pharmaceutical industry
- Food and beverage industry
- Logistics industry
By Region
On the basis of regional analysis, global shrink wrapping machines market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific is anticipated to hold the largest market share for the global shrink wrapping machines market during the forecast period. The rising expansion of the food industry is anticipated to be major reason driving the growth of the Asia-Pacific shrink wrapping machines market. For instance, total production of the cereals in 2016-17 was 2613.410 whereas in 2017-18 it increased to 2657.865. Thus, increasing production of the food products is anticipated to major factor driving the growth of the Asia-Pacific region during the forecast period. Europe is anticipated to robust growth during the forecast period. The increasing demand for the packaging solutions for food products is anticipated to be the major factor driving the growth of the Europe shrink wrapping machines market during the forecast period.
Global shrink wrapping machines market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.
Top Featured Companies Dominating The Market
- 3M
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Texwrap Packaging Systems
- Tripack
- PDC International Corp
- Standard-Knapp, Inc.
- Kliklok-Woodman
- PakTech
- Massman Automation Designs, LLC,
- Eastey Enterprises
- Gebo Cermex
- Axon
- Duravant
- Arpac LLC
