The stretch wrappers market is poised for steady growth in the coming years, with a projected compound annual growth rate (CAGR) of 5.6% and an estimated value of US$710.4 million by 2031. This growth will be driven by several factors, including the expansion of the e-commerce sector, the increasing demand for automated packing solutions, and the cost-effectiveness of stretch wrapping.
One of the key drivers of the stretch wrapper market is the growing demand for automated packing options. Businesses are striving to enhance productivity and reduce labor costs, leading to a rising preference for automated packaging solutions. Stretch wrappers are a popular choice for automated packaging due to their versatility and user-friendly nature.
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The affordability of stretch wrapping is another factor influencing market growth. Compared to other packaging options like boxes and pallets, stretch wrapping is a more cost-effective solution. It requires less material and can be completed quickly and easily, resulting in reduced labor costs and increased productivity for businesses.
The expanding e-commerce sector is also significantly impacting the stretch wrapper market. With the substantial growth of e-commerce in recent years, and the continued projected growth in the future, there is an increasing demand for packaging solutions that can protect goods during storage and transit. Stretch wrapping is favored in e-commerce packaging as it provides effective protection while utilizing less packaging material and offering cost-efficiency.
Overall, the stretch wrappers market is expected to witness positive growth driven by the expanding e-commerce sector, the rising demand for automated packing solutions, and the cost-effectiveness of stretch wrapping. Businesses are seeking efficient and affordable packaging options, and stretch wrappers provide a versatile solution to meet those needs.
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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
“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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