Market Overview:
The global horizontal ring wrappers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for horizontal ring wrappers from the food & beverage, consumer goods, industrial and pharmaceutical sectors. In terms of type, the diameter≤300mm segment is expected to account for a major share of the global market in 2018. However, the diameter>500mm segment is projected to grow at a higher CAGR during the forecast period. Region-wise, North America is estimated to lead the global market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
A horizontal ring wrapper is a machine that wraps a horizontal band of material around an object. This type of wrapper is used to create a cylindrical shape for products such as cans, bottles, and tubes. The Horizontal Ring Wrapper is important because it can quickly and easily create a cylindrical shape for products.
Diameter≤300mm:
Diameter 300mm is the most preferred size of ring wrapper machine among other diameters. It is also known as 300 mm diameter round-ring machine or 300mmHRR. This type of HRR has a capacity to handle large volume and high weight products, which are generally produced in steel or iron alloy materials. The material used for making the product depends on its end use such as automotive, construction equipment, consumer goods etc.
300mm
300mm diameter is the standard size of Horizontal Ring Wrapper. It's a kind of packaging machine which is used for wrapping packages in numerous thicknesses and sizes including small, medium and large sized products. 300mm diameter horizontal ring wrapper has it's usage in various verticals such as food & beverages, consumer goods, industrial & construction equipment and pharmaceuticals among others.
Application Insights:
The food & beverage application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The product demand in this application is primarily driven by increasing consumer preference for fresh, frozen and processed foods. Horizontal ring wrappers are used to seal products such as fruits, vegetables, meat products and seafood within a box or container.
Increasing demand for convenience food including microwaveable meals, ready-to-eat packaged foods along with rising disposable income levels among consumers in emerging markets of China India & Brazil has been driving the market growth over recent years. In addition, rapid urbanization coupled with a growing population has resulted in an increased number of restaurants and eateries across these countries which further fuels market growth.
Regional Analysis:
Asia Pacific dominated the global horizontal ring wrappers market in 2017. The region is expected to witness significant growth over the forecast period owing to rising demand for consumer goods and industrial products. In addition, increasing disposable income levels and rapid urbanization are also likely to drive regional product demand over the coming years.
Europe accounted for a major share of revenue in 2017 owing to growing pharmaceutical industry coupled with high R&D investments by leading companies operating within this region.
Growth Factors:
- Increasing demand for packaged food products: The global packaged food market is expected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is driven by the increasing urbanization and changing lifestyles of consumers, who are preferring convenient and ready-to-eat food products.
- Rising demand for convenience foods: The growing trend of busy lifestyles has led to an increase in the demand for convenience foods, which can be easily prepared without any hassle. Horizontal ring wrappers offer an easy and convenient way to wrap food items, thus catering to this growing demand segment.
- Growing popularity of single-serve packaging: Consumers are increasingly opting for single-serve packaging formats as they provide portion control and reduce wastage of food items. Horizontal ring wrappers are well suited for packing small quantities of food items, making them ideal for use in the single-serve packaging market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Horizontal Ring Wrappers Market Research Report
By Type
Diameter≤300mm, 300mm500mm
By Application
Food & Beverage, Consumer Goods, Industrial, Pharmaceutical
By Companies
Aetna Group, Lantech, FROMM, Atlanta Stretch, Muller, Youngsun, Wulftec, Highlight Industries, Phoenix Wrappers, Orion, Arpac (Nvenia), Tosa, Cousins Packaging
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Horizontal Ring Wrappers Market Report Segments:
The global Horizontal Ring Wrappers market is segmented on the basis of:
Types
Diameter≤300mm, 300mm500mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Consumer Goods, Industrial, Pharmaceutical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aetna Group
- Lantech
- FROMM
- Atlanta Stretch
- Muller
- Youngsun
- Wulftec
- Highlight Industries
- Phoenix Wrappers
- Orion
- Arpac (Nvenia)
- Tosa
- Cousins Packaging
Highlights of The Horizontal Ring Wrappers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diameter≤300mm
- 300mm
- Diameter>500mm
- By Application:
- Food & Beverage
- Consumer Goods
- Industrial
- Pharmaceutical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Horizontal Ring Wrappers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Horizontal ring wrappers are a type of packaging that is used to wrap products. They are made out of paper or plastic and have a horizontal ring around it. This allows the product to be easily wrapped and protected from damage.
Some of the major players in the horizontal ring wrappers market are Aetna Group, Lantech, FROMM, Atlanta Stretch, Muller, Youngsun, Wulftec, Highlight Industries, Phoenix Wrappers, Orion, Arpac (Nvenia), Tosa, Cousins Packaging.
The horizontal ring wrappers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Horizontal Ring Wrappers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Horizontal Ring Wrappers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Horizontal Ring Wrappers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Horizontal Ring Wrappers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Horizontal Ring Wrappers Market Size & Forecast, 2020-2028
4.5.1 Horizontal Ring Wrappers Market Size and Y-o-Y Growth
4.5.2 Horizontal Ring Wrappers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Diameter≤300mm
5.2.2 300mm 5.2.3 Diameter>500mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Consumer Goods
6.2.3 Industrial
6.2.4 Pharmaceutical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Horizontal Ring Wrappers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Horizontal Ring Wrappers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Diameter≤300mm
9.6.2 300mm 9.6.3 Diameter>500mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Consumer Goods
9.10.3 Industrial
9.10.4 Pharmaceutical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Diameter≤300mm
10.6.2 300mm 10.6.3 Diameter>500mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Consumer Goods
10.10.3 Industrial
10.10.4 Pharmaceutical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Diameter≤300mm
11.6.2 300mm 11.6.3 Diameter>500mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Consumer Goods
11.10.3 Industrial
11.10.4 Pharmaceutical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Diameter≤300mm
12.6.2 300mm 12.6.3 Diameter>500mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Consumer Goods
12.10.3 Industrial
12.10.4 Pharmaceutical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Diameter≤300mm
13.6.2 300mm 13.6.3 Diameter>500mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Consumer Goods
13.10.3 Industrial
13.10.4 Pharmaceutical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Horizontal Ring Wrappers Market: Competitive Dashboard
14.2 Global Horizontal Ring Wrappers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aetna Group
14.3.2 Lantech
14.3.3 FROMM
14.3.4 Atlanta Stretch
14.3.5 Muller
14.3.6 Youngsun
14.3.7 Wulftec
14.3.8 Highlight Industries
14.3.9 Phoenix Wrappers
14.3.10 Orion
14.3.11 Arpac (Nvenia)
14.3.12 Tosa
14.3.13 Cousins Packaging
