Wrapping machines are the semi-automatic or fully automatic machines utilized for wrapping mass product articles such as chocolates, biscuits, and others; and large bag articles like as pet food and cement, and also major aid in palletizing across various industries. The wrapping machine includes different technologies such as in-built lifting, control panels, and many others. The product wrapping is experiencing a substantial growth in the packaging industry, as a result there is increased growth in wrapping machine market in the current scenario.
MARKET DYNAMICS
The increasing demand for robotics and technology upgrade in wrapping equipment is expected to drive the growth prospects for the wrapping equipment market. Further, factors such as increased shelf-life of the product, protected shipment of packaged goods, and ease of handling and transportation are anticipated to propel the growth of the market. In addition, growth in e-commerce market is anticipated to cater significant growth opportunities for the wrapping equipment market.
MARKET SCOPE
The "Global Wrapping Equipment Market Analysis to 2028" is a specialized and in-depth study of the wrapping equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview of wrapping equipment market with detailed market segmentation by product type, process, end-user, and geography. The global wrapping equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wrapping equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wrapping equipment market is segmented on the basis of product type, process and end-user. Based on product type, the wrapping equipment market is divided into stretch wrapping equipment, shrink wrapping equipment. Based on process, the wrapping equipment market is segmented as automatic, semi-automatic, manual. Further, on basis of end-user the wrapping equipment market is segmented as food and beverage, chemicals, pharmaceutical, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wrapping equipment market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wrapping equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting wrapping equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the wrapping equipment market for each region.
MARKET PLAYERS
The reports cover key developments in the wrapping equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from wrapping equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for wrapping equipment in the global market. Below mentioned is the list of few companies engaged in the wrapping equipment market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- ARPAC LLC
- BEUMER Group GmbH & Co. KG
- Lachenmeier
- Muller LCS
- Phoenix Wrappers
- Pro Mach, Inc.
- Sealed Air
- Signode Industrial Group LLC
- TechnoWrapp
- Wulftec International Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.