The global stretch wrappers market is forecast to surpass the valuation of US$ 710 Mn by the end of 2031 projects ESOMAR-certified consulting firm Future Market Insights (FMI). Optimizing consumption with respect of resource availability is an area of improvement among market players. Small scale industries which cannot afford costly automatic stretch wrapping machine depend on manual packaging and daily wage labors.
Availability of cheap labor in emerging economies is affecting the automatic stretch wrapping market. With rising cost and limited availability of raw materials, the automatic stretch wrapping is expected to grow in upcoming years. Faster wrapping and reduced transportation or shipping cost benefits offered by automatic wrapping machine will accentuate the market growth.
Surging demand for pallet wrapping from pharmaceutical industries has created a lucrative opportunities for stretch wrappers market growth. Food and beverage sector still remains the largest consumer of stretched wrappers. The growing demand for protected and secure stretch wrapped pallet for safe transportation and stabilization of empty bottles and cans from manufacturing to filling stations will increase the market growth. Stretched wrapper also keeps the bottles clean from contamination. Rising consumer demand for spill and damage proof delivery of product will significantly increase the stretched wrapper market demand.
“Automatic stretch wrapper is proving to be a game changer in packaging industry as it reduces the overall cost of product and enhances the production capacity. It eliminates the need for skilled labor and can operate 24/7. These capabilities of automatic stretch wrapper machine will positively affect the market growth,” says the FMI analyst
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FMI has profiled some of the prominent market players providing stretch wrappers that include Reo-Pack A/S, Orion Packaging Systems LLC, Signode Industrial Group. LLC, Wulftec International Inc., Cousins Packaging Inc., UNITECH SRL, Innova Maquinaria Industrial S.L, DNC packaging Machinery, Strema B.V., FROMM Group, Messersì Packaging S.r.l., Technowrapp srl, Hangzhou Youngsun Intelligent Equipment Co., Ltd., Easypac Systems, PACKWAY INC, Phoenix Wrappers, Inc., Lantech, Inc., Millwood, Inc, Aetnagroup S.p.A., ARPAC LLC, Atlanta Stretch Spa, BEMA SRL, Tosa spa, Movitec Wrapping Systems SL, PAGLIERANI s.r.l., Matco International Gevelsberg GmbH, ATECMAA PACKAGING, Rees Machinery Group Ltd, K M Trivedi Engineering Pvt. Ltd., Multi Pack Machinery Company.
Industry leaders are developing customized stretch wrappers in an attempt to gain competitive advantage. They are expanding their product range by optimizing their production to satisfy the growing customer demands. Strategic acquisition is on the table for as a market expansion strategy among leading players. For instance, Aetnagroup S.p.A. acquired leading packaging machine manufacturers OCME S.r.l., in May 2019.
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More Insights on the Global stretch wrappers Market
Future Market Insights, in its new offering, provides an unbiased analysis of the stretch wrappers market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the stretch wrappers market with a detailed segmentation on the basis of machine type (turntable, ring, robotic, rotary arm), order type (customized, standard), end use (food and beverage, pharmaceuticals, tissue) across major regions (North America, Latin America, Asia Pacific Excluding Japan (APEJ), Western Europe, Eastern Europe, Middle East and Africa (MEA), Japan)
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