Stretch wrappers are expected to see a linearly progressive simulation that will reach US$ 710.4 Mn by 2031 at a CAGR of 5.6%. The stretch wrappers market is essentially used to wrap the goods to the pallet with stretch film, as their name suggests. Stretch wrappers are specialized wrapping devices used to pick up and move pallet loads of varying weights and heights. Products and goods are firmly wrapped before being placed on pallets to ensure that they stay in place throughout shipping.
The Stretch Wrappers Market research report highlights diverse segments of the market analysis that today’s business ask for. By utilizing few steps or a number of steps, the process of generating this market research report is started with the expert advice. The Stretch Wrappers Market report covers explanation about the detailed market analysis with inputs from industry experts. Being a third-party report, Stretch Wrappers Market analysis report is more unbiased and hence provides a better picture of what is really happening in the market.
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Stretch wrappers, as the name suggests, are basically used for wrapping the goods to the pallet with stretch film. Stretch wrappers are specialized wrapping machines used to pick and handle pallet loads of random heights of variable weight. Goods and products are placed on the pallets wrapped firmly, so that the goods remain at their positons and don’t move during the shipment.
Some of the most celebrated companies operating in the Stretch Wrappers Market are eyeing on existing opportunities. For instance, with its SILKWORM, a patented robotic stretch wrapper technology and an output ranging from 85 to 200 pallets/hour, BEMA S.r.l. has become an established reality in the international market. It has truly modernized the concept of stretch wrapping.
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
The Tier 3 players in the market hold 50-60% in the global stretch wrappers market. In conclusion, key players contribute almost 40-50% of the global demand.
Effective packaging is considered imperative across industries since their revenue wholly depends on the conditions of the product delivered. Millions of dollars have been spent by various manufacturers over the last few decades in the research and development of innovating new technologies, which will help reducing the use of manual labor. According to Future Market Insights (FMI), focus on advanced packaging techniques will rise in the future, paving way for the expansion of the stretch wrappers market.
With the introduction of robotic arms in the packaging industry, manufacturers are nowadays seeing a rise in efficiency with a reduction in labor costs. The technology can also help the save time. As more businesses recognize the advantages of advanced technologies, the demand for stretch wrappers will rise, enabling the market to exhibit a CAGR of 5.8% in terms of value between 2021 and 2031.
Investment in technological upgrades will continue rising, as the demand for stretch wrappers grows in food & beverages, pharmaceuticals, and tissues industries. As per FMI, the food and beverages sector will remain the chief end user, especially since ensuring that hygienic and quality food reaches consumers is of paramount importance.
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.
Key Segments Covered in Stretch Wrappers Industry Research–Stretch Wrappers Market By Machine Type (Turntable, Ring, Robotic, Rotary Arm), Order Type (Customized, Standard), End-use (Food & Beverages, Pharmaceuticals, Tissue) & Region – Forecast 2022-2031
Stretch Wrappers Market by Region
- North America
- Latin America
- Asia Pacific Excluding Japan (APEJ)
- Western Europe
- Eastern Europe
- Middle East and Africa (MEA)
- Japan
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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.
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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