The stretch wrappers market is forecasted to exhibit steady growth with a projected Compound Annual Growth Rate (CAGR) of 5.6%, reaching an estimated value of US$710.4 million by 2031. This growth is driven by various factors, including the rapid expansion of the e-commerce sector, a rising demand for automated packing solutions, and the cost-effectiveness of stretch wrapping.
The Increasing Need for Automated Packing Solutions
Stretch wrappers are a popular choice for automated packaging due to their versatility and user-friendly nature. Businesses are striving to improve productivity and reduce labor costs, leading to a growing preference for automated packaging solutions.
Cost-Effectiveness and Operational Efficiency
Stretch wrapping offers a more cost-effective solution compared to other packaging options such as boxes and pallets. It requires less material and can be swiftly and easily executed, resulting in reduced labor costs and increased operational efficiency for businesses.
Impact of the Expanding E-Commerce Sector
The expanding e-commerce sector has significantly influenced the stretch wrappers market. With the substantial growth of e-commerce, there is an escalating demand for packaging solutions that can effectively protect goods during storage and transit. Stretch wrapping is highly favored in e-commerce packaging due to its ability to provide effective protection while utilizing less packaging material, thus offering cost-efficiency.
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Overall, the stretch wrappers market is projected to witness positive growth, driven by the expanding e-commerce sector, increasing demand for automated packing solutions, and the cost-effectiveness of stretch wrapping. Businesses are seeking efficient and affordable packaging options, and stretch wrappers offer a versatile solution that caters to 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
“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.
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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.
Global Insights on Stretch Wrappers Market: Opportunities and Trends
The stretch wrappers market is witnessing significant growth globally, driven by various factors specific to each country. Italy, known for its robust packaging machinery market and automation advancements, offers flourishing growth opportunities for stretch wrapper manufacturers. The presence of established companies like BEMA SRL and Atlanta Stretch Spa further strengthens the market in Italy.
In the United States, the demand for automatic and robotic stretch wrappers is expected to be solid. The country’s prominent food and beverage and pharmaceutical processing industries, including PepsiCo, Kraft Heinz, and Johnson & Johnson, drive the demand for automated packaging lines.
Germany holds a top position in the European market for tissue and allied products consumption. With a rising focus on sustainability, the use of tissue products is increasing, leading to higher adoption of automated stretch wrappers in tissue converting sites.
China, a leading market for both the usage and production of stretch wrappers, experiences high demand due to its substantial food and beverage and tissue product capacities. The presence of major players like Lantech, Signode Industrial Group, and FROMM Group strengthens China’s position as the fastest-growing country for stretch wrapper consumption.
In India, economical turntable stretch wrappers are popular due to smaller packaging line outputs. However, with the shift toward Industry 4.0, the automatic stretch wrappers market is expected to witness significant growth, supported by emerging local players like Easypac Systems and Penguin Engineers
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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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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