Future Market Insights
Shrink wrapping is a type of packaging which is done with the help of a shrink wrapping machine typically to bundle the products together while providing transparency. Shrink wrapping effectively provide barrier protection from dust, atmosphere and other contaminants in order to preserve the product quality. The shrink wrapping machine market has gone through a significant transformation over the last decade. The shrink wrapping machine is typically use for wrapping, stretching and overlapping flexible films used for packaging during transportation purposes.
Shrink Wrapping Machine Market: Market Dynamics
The growth of the shrink wrapping machine market is correlated with the demand for secondary packaging of products that need longer shipping period. The demand for shipping the products to cover expanded geography of customer base, drives the demand for shrink wrapping, which influences the demand for shrink wrapping machine market. Currently the shipping volume around the world is about 10 billion tons. The increase in the disposable income of the consumers in the emerging economies has led to the increase in demand for consumer goods, food and beverage market which is influencing the shrink wrapping machine market. The shrink wrapping machine is easy to operate and the low labor cost required for operation of shrink wrap machine which is an important factor for the growth of the shrink wrap machine market. The ability of the shrink wrapping machines to wrap the products of different shapes and sizes with varying level of complexity depending upon size, volume and speed is a key factor for supporting the shrink wrap machine market. However, the shrink wrapping machines requires high initial investment. Hoigh capital requirements for shrink wrapping machines is a key factor restraining the proliferation of the shrink wrap machine market. Shrink wrapping machines are designed for the use of plastic films which is a non-ecofriendly material. Ban on such films may limit the shrink wrapping machine market. Furthermore integration of shrink wrapping process at the end of production line is a threat for shrink wrapping machine market. The new developments in shrink wrapping machine has improved its speed and efficiency hence opening the new opportunities for the shrink wrapping machines. Shrink packing has reduced the cost of secondary packaging significantly so the shrink wrapping machinery market might have overwhelming opportunities over the forecasted period.
Shrink Wrapping Machine Market: Market segmentation
Shrink wrapping machineis segmented by the types of machines and end use industry.
Based on the types of machines, shrink wrapping machineis segmented into:
Based on the end use industry, shrink wrapping machineis segmented into:
Food and beverage industry
Shrink Wrapping Machine Market - Regional Outlook:
Regionally global shrink wrap machine market is segmented into
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
In the backdrop of upsurge industrialization and other economic factors in the APEJ region, growth in over the forecasted period shrink wrapping machine market in APEJ region is expected to be moving vertically upward. APEJ region is followed by North America in terms of scope for shrink wrapping machine market. The Eastern Europe and Western Europe region is also expected have growth in shrink wrapping machine market over the forecasted period due to escalating packaging requirement for the meat & processed food products. Shrink wrapping machine market is at an introductory stage in the MEA region.
Shrink Wrapping Machine Market - Key Players:
Some major players of the shrink wrapping machinemarket are 3M Co, Texwrap Packaging Systems, Arpac Llc, Axon, Duravant, Eastey Enterprises, Kliklok-Woodman, Massman Automation Designs, Llc, PakTech, PDC International Corp, Standard-Knapp, Inc., Tripack, Shrinkwrap Machinery Co. Ltd, Gebo Cermex,etc.
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