The stretch wrappers market is projected to exhibit steady growth in the coming years, with an estimated CAGR of 5.6% and reaching a value of US$710.4 million by 2031. This growth will be driven by several factors, including the continuous expansion of the e-commerce sector, the growing demand for automated packing solutions, and the cost-effectiveness of stretch wrapping.
The increasing demand for automated packing options is a key driver for the stretch wrapper market. Businesses are actively seeking ways to enhance productivity and reduce labor costs, leading to a preference for automated packaging solutions. Stretch wrappers are favored in automated packaging due to their versatility and user-friendly nature.
Another factor influencing the market is the affordability of stretch wrapping. Compared to alternative packing options like boxes and pallets, stretch wrapping offers a more cost-effective solution. It requires less material, can be executed quickly and easily, and contributes to lower labor costs, thereby increasing overall productivity for businesses.
The expanding e-commerce sector also plays a significant role in driving the demand for stretch wrappers. With the substantial growth of e-commerce in recent years, and its projected continued expansion, there is an increasing need for packaging solutions that can effectively protect goods during storage and transit. Stretch wrapping is favored in e-commerce packaging because it provides efficient protection while utilizing less packaging material and offering cost efficiency.
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In conclusion, the stretch wrappers market is poised for positive growth due to the expansion of the e-commerce sector, the increasing demand for automated packing solutions, and the cost-effectiveness of stretch wrapping. As businesses strive for efficient and affordable packaging options, stretch wrappers provide a versatile solution to meet these requirements.
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
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
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“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.
Country-wise Insights
Italian Packaging Machinery Market: Export-Oriented and Automation-driven Growth Opportunities
The Italian packaging machinery market is known for its high export tendency and is dominated by 200-250 industrial-sized companies with around 300 production units. The market benefits from a well-established export-oriented approach and the introduction of automation and robotics in stretch wrapper equipment. Key players like BEMA SRL, Atlanta Stretch Spa, UNITECH SRL, and PAGLIERANI s.r.l. contribute to the growth of the stretch wrappers market in Italy.
U.S.: Solid Demand for Automatic and Robotic Stretch Wrappers
The U.S. is expected to witness strong demand for automatic and robotic stretch wrappers, driven by the presence of top food & beverage and pharmaceutical processing industries. Major companies like PepsiCo, Cargill, The Kraft Heinz Company, and Pfizer have their facilities in the U.S., driving the demand for stretch wrappers in the country.
Germany: Leading Market for Atomized Stretch Wrappers in Europe
With high consumption of tissue and allied products, Germany holds a top position in the European market. The growing eco-consciousness among consumers and the inclination towards sustainability support the use of tissue products, leading to the adoption of atomized stretch wrappers at tissue converting sites in Germany.
China: Leading Market for Stretch Wrappers Consumption and Production
China is a prominent market for the usage and production of stretch wrappers. The country’s large production capacities for food & beverages and tissue products, along with the presence of major players like Lantech, Signode Industrial Group, and FROMM Group, contribute to its position as the fastest-growing market for stretch wrappers. China is projected to account for a significant share of global stretch wrappers demand by 2025.
India: Transitioning to Automatic Stretch Wrappers
In the Indian market, economical turntable stretch wrappers are popular due to smaller packaging line outputs. However, with the move towards industry 4.0, the automatic stretch wrappers market is expected to witness significant growth. Emerging local players like Easypac Systems and Penguin Engineers are actively providing their services to end users in India
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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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