Shrink Wrapping Equipment Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Arpac, Pro Mach, Beumer, Orion Packaging Systems

Registering a CAGR of 9.25% over the forecast period, the market value of Shrink-Wrapping Equipment is expected to reach US$ 1,103.55million in the year 2027.

Shrink Wrapping Equipment Market Overview

Shrink wrapping machines shrink plastic films over multiple bundled products by applying heat in a shrink tunnel or shrink chamber. These machines come in a variety of shapes and sizes depending on the shrinking process. L-bar sealers, I-bar sealers, and other tools such as a heat gun, round wire impulse sealer, and portable sealers fall into this category. To avoid the effect of heat on the product, plastic shrinkage is performed at a controlled temperature inside a shrink chamber or shrink tunnel.

There are two main types of materials used for shrink wrapping: polyvinyl chloride (PVC) and polyolefin. PVC is less expensive, but it is not widely used, owing to the health dangers it poses during creation and disposal. Polyolefin (POF) is by far the more commonly used and preferred shrink film. POF is extremely durable, clear, and is FDA-approved for various food material. POF shrink wrap is available in thicknesses that range from 35 to 100 gauge, and it is made from 100% recyclable materials and is more resistant to temperature changes.

The report aspects discussed the profile of the top manufacturers of the global Shrink-Wrapping Equipment market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Shrink Wrapping Equipment Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Shrink Wrapping Equipment Market?

The global Shrink Wrapping Equipment includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Arpac, Pro Mach, Beumer, Orion Packaging Systems, Lantech, Mollers North America, Wulftec, Phoenix, Sealed Air, Signode, Lachenmeier, Schneider Packaging Equipment, TechnoWrapp and others.

Industry News and Updates:

Standard-Knapp is joining the End of Line Packaging Experts

July 16th 2019 – Standard-Knapp (S-K) based in Portland, USA, announced today that its shareholders have reached an agreement to sell the company to EoL Packaging Experts (EoL), to which the German company A+F Automation + Fördertechnik (A+F) belongs. This merger creates a globally active industry leader for end-of-line packaging machines and systems with an established presence in America and in Europe. The acquisition represents a compelling fit with EoL‘s strategic plan of being a market leader in the provision of end-of-line packaging solutions for the food and beverage industry.

Aetna Group Acquires Ocme

May 2019 – The consolidation strategy of the two industrial companies, ROBOPAC and OCME, has been implemented in advance to allow AETNA GROUP to optimize the technical, industrial and commercial synergies to face new challenges.

What are the major Applications, Types and Regions for Shrink Wrapping Equipment Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Semi-Automatic Wrapping Equipment


• Fully Automatic Wrapping Equipment

By Application, it is segmented into

• Food and Beverages


• Chemicals


• Pharmaceuticals


• Consumer Products


• Other

Shrink Wrapping Equipment Market Regional Analysis

Because of the rapid expansion of end-user industries such as food, the Asia Pacific region is expected to account for a significant share of the shrink wrap packaging system market. The food processing industry has expanded rapidly across the region, with countries such as India focusing on moving up the agri-value chain to increase export profits. The pharmaceutical sector has been identified as one of the areas of focus for innovation and homegrown research and development as part of Beijing's "Made in China 2025" industry plan. More than 38 generic drugs were approved by the US Food and Drug Administration in 2017 by Chinese pharmaceutical companies. China, along with India, is expected to drive global pharmaceutical production in the future. This will fuel the growth of shrink wrapping, with pharmaceuticals being one of the primary end-users.  Japan has the highest density of vending machines worldwide, which also triggers the demand for packaged/shrink-wrapped frozen foods and transportation of food and beverages in bulk. Hence, the requirement for shrink wrapping machine is higher in these Asian countries, leading to the growth of the shrink-wrapping machine market.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Shrink Wrapping Equipment Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Shrink Wrapping Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Shrink Wrapping Equipment Market report scope?

Key Takeaways from this Shrink Wrapping Equipment Report

• Evaluate Shrink Wrapping Equipment market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Shrink Wrapping Equipment market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.

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Who are the key players in Shrink Wrapping Equipment Market?

Arpac, Pro Mach, Beumer, Orion Packaging Systems, Lantech, Mollers North America, Wulftec, Phoenix, Sealed Air, Signode, Lachenmeier, Schneider Packaging Equipment, TechnoWrapp

What regions does this Shrink Wrapping Equipment Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Shrink Wrapping Equipment Market?

Semi-Automatic Wrapping Equipment, Fully Automatic Wrapping Equipment

What are the major end-use applications of the Shrink Wrapping Equipment Market?

Food and Beverages, Chemicals, Pharmaceuticals, Consumer Products, Other

Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.