Products are wrapped in stretch film or shrink wrap using stretch wrappers to keep them safe during storage and transit. Stretch wrappers are anticipated to experience a linearly progressive simulation that will reach US$ 710.4 million by 2031 at a CAGR of 5.6%. This growth will be fueled by the expanding e-commerce sector, rising demand for automated packing solutions, and cost-effectiveness of stretch wrapping.
The market for stretch wrappers is primarily driven by the rising demand for automated packing options. Automated packaging solutions are growing in popularity as businesses seek to boost productivity and cut labour expenses. Because of their versatility and ease of use, stretch wrappers are a common option for automated packaging options.
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The affordability of stretch wrapping is another element influencing the market for stretch wrappers. When compared to other packing options like boxes and pallets, stretch wrapping is a more affordable option. Stretch wrapping can be completed swiftly and easily with less material, which lowers labour costs and boosts productivity.
The market for pallet wraps is also significantly influenced by the expanding e-commerce sector. Recent years have seen a substantial increase in e-commerce, and future years are predicted to see similar growth. Stretch wrapping is a popular option for e-commerce packaging because it protects goods during storage and transit while using less packaging material and money.
Stretch Wrappers Market Landscape–Phoenix Wrappers, Inc., Reo-Pack A/S, Lantech, Inc., Orion Packaging Systems LLC., Millwood, Inc., Signode Industrial Group, LLC, Aetnagroup S.p.A., Wulftec International Inc., ARPAC LLC, Cousins Packaging, Inc., Atlanta Stretch Spa, UNITECH SRL, BEMA SRL, Innova Maquinaria Industrial S.L, Tosa spa, DNC packaging Machinery, Movitec Wrapping Systems, SL, Strema B.V., PAGLIERANI s.r.l., FROMM Group, Matco International Gevelsberg GmbH, Messersì Packaging S.r.l., ATECMAA PACKAGING, Technowrapp srl, Rees Machinery Group Ltd, Hangzhou Youngsun Intelligent Equipment Co., Ltd., K M Trivedi Engineering Pvt. Ltd., Easypac Systems, Multi Pack Machinery Company, PACKWAY INC
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Key Takeaways from Stretch Wrappers Market
- Stretch wrappers market will consistently expand to reach a valuation of US$ 710 Mn by 2031
- Focus on automation will fuel the demand for robotic stretch wrappers across industries in the U.S.
- The expanding pharmaceutical sector of the U.K. will emerge as a key end user
- Germany and France will remain highly lucrative markets for stretch wrappers sales within Europe. Rising demand for effective food and pharmaceutical packaging will aid growth
- China’s bustling food service sector will present a highly attractive market for stretch wrappers sales
“As a result of industries inclining towards the adoption of atomized packaging systems, the demand for stretch wrappers will rise. Choosing the right stretch wrapper can enhance customer satisfaction as well as help businesses save cost incurred on packaging processes. With more businesses realizing these benefits, the demand for stretch wrappers is expected to rise,” says FMI analyst.
The report would help leaders/new entrants in this Stretch Wrappers Market in the following ways:
- This report segments the Stretch Wrappers Market comprehensively and provides the closest market size projection for all sub segments across different regions.
- The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for Stretch Wrappers Market growth.
- This Stretch Wrappers Market report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launches and developments, collaborations, contracts and acquisitions.
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Key Segments Covered in Stretch Wrappers Industry Research
Machine Type
- Turntable
- Ring
- Robotic
- Rotary Arm
Order Type
- Customized
- Standard
End-use
- Food & Beverages
- Pharmaceuticals
- Tissue
Region
- North America
- Latin America
- Asia Pacific Excluding Japan (APEJ)
- Western Europe
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