Market Overview:
The global shrink wrapping equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for packaged food and beverages, rising demand for pharmaceuticals and other consumer products, and technological advancements in shrink wrapping equipment. The semi-automatic segment is expected to dominate the global shrink wrapping equipment market during the forecast period owing to its low cost and easy operability. However, the fully automatic segment is projected to grow at a higher CAGR due its ability to achieve high production rates with minimal human intervention. Food and beverages are anticipated be one of the key application segments of the global shrink wrapping equipment market during 2018-2030.
Product Definition:
The equipment used to shrink wrap products is a heat gun and shrink wrap film. The product is placed on a table or in a box and the film is stretched around it. The heat gun is then used to heat the film, causing it to shrink tightly around the product. Shrink wrapping protects products from moisture and dust, and can make them more difficult to steal.
Semi-Automatic Wrapping Equipment:
Semi-automatic wrapping equipment is used for packaging products such as wires, cables, rods and bars in shrink wrapping process. It is also known as automatic wrapping machine or wrap machine. The major function of the semi-automatic wrapper is to feed the product on a conveyor belt and then use a series of mechanical devices to form an airtight package around the product with maximum surface contact.
Fully Automatic Wrapping Equipment:
Fully automatic wrapping equipment is used for wrapping a product in shrink wrap. Fully automatic wrapping equipment consists of conveyor, loading arm, wrapper and unloading arm. The fully automatic system wraps the products with shrink film either by manual or motorized control.
The fully automated systems reduce labor cost and provide flexibility to operators as well as increases production rate which ultimately reduces per unit cost of the end product.
Application Insights:
The food and beverages application segment accounted for the largest revenue share in 2016. The growth can be attributed to the increasing demand for shrink-wrapped processed meat products, such as sausages and bacon, across the globe. Shrink wrapping is also used to wrap individual pieces of meat or seafood in cellophane before packing them into boxes or cartons.
The pharmaceuticals application segment is expected to witness significant growth over the forecast period owing to high product demand from countries, including Brazil, China India Japan (BIPJ), South Korea (KOR) and Australia among others are major pharmaceutical producing countries which contribute towards a large share of global production thus driving shrink wrapping equipment market growth over the forecast period.
Other applications include household appliances.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising disposable income, increasing population, and rapid industrialization. China is one of the largest consumer markets in this region with a large number of middle-class families who aspire for better living standards and quality products. This has led to an increase in demand for shrink wrapping equipment as it helps manufacturers save costs by reducing packaging material usage while delivering their product message clearly across target audiences.
The Asia Pacific market was followed by Europe which accounted for around 25% share of total revenue in 2017 owing to high production volume along with stringent regulations regarding sustainability issues caused due to excessive packaging materials used during delivery process. In addition, Europe also has a high preference towards organically grown food products that require special handling procedures after delivery; hence, need for efficient wrapping machinery that ensures no damage or spoilage during transit is vital requirement driving regional growth forward.
Growth Factors:
- Increasing demand for packaged and processed food products
- Rising trend of online shopping and home delivery
- Growing popularity of ready-to-eat food products
- Proliferation of convenience stores and supermarkets
- Increasing investments in the food processing sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrink Wrapping Equipment Market Research Report
By Type
Semi-Automatic Wrapping Equipment, Fully Automatic Wrapping Equipment
By Application
Food and Beverages, Chemicals, Pharmaceuticals, Consumer Products, Other
By Companies
Arpac, Beumer, Mollers North America, Orion Packaging Systems, Lantech, Phoenix, Signode, Wulftec, Sealed Air, Pro Mach, Arpac, TechnoWrapp, Schneider Packaging Equipment
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Shrink Wrapping Equipment Market Report Segments:
The global Shrink Wrapping Equipment market is segmented on the basis of:
Types
Semi-Automatic Wrapping Equipment, Fully Automatic Wrapping Equipment
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 and Beverages, Chemicals, Pharmaceuticals, Consumer Products, Other
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:
- Arpac
- Beumer
- Mollers North America
- Orion Packaging Systems
- Lantech
- Phoenix
- Signode
- Wulftec
- Sealed Air
- Pro Mach
- Arpac
- TechnoWrapp
- Schneider Packaging Equipment
Highlights of The Shrink Wrapping Equipment 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:
- Semi-Automatic Wrapping Equipment
- Fully Automatic Wrapping Equipment
- By Application:
- Food and Beverages
- Chemicals
- Pharmaceuticals
- Consumer Products
- Other
- 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 Shrink Wrapping Equipment 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Shrink wrapping equipment is a machine that wraps products in shrink film.
Some of the major companies in the shrink wrapping equipment market are Arpac, Beumer, Mollers North America, Orion Packaging Systems, Lantech, Phoenix, Signode, Wulftec, Sealed Air, Pro Mach, Arpac, TechnoWrapp, Schneider Packaging Equipment.
The shrink wrapping equipment 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 Shrink Wrapping Equipment 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 Shrink Wrapping Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shrink Wrapping Equipment 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 Shrink Wrapping Equipment 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 Shrink Wrapping Equipment Market Size & Forecast, 2020-2028
4.5.1 Shrink Wrapping Equipment Market Size and Y-o-Y Growth
4.5.2 Shrink Wrapping Equipment 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 Semi-Automatic Wrapping Equipment
5.2.2 Fully Automatic Wrapping Equipment
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 and Beverages
6.2.2 Chemicals
6.2.3 Pharmaceuticals
6.2.4 Consumer Products
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shrink Wrapping Equipment 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 Shrink Wrapping Equipment 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 Semi-Automatic Wrapping Equipment
9.6.2 Fully Automatic Wrapping Equipment
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 and Beverages
9.10.2 Chemicals
9.10.3 Pharmaceuticals
9.10.4 Consumer Products
9.10.5 Other
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 Semi-Automatic Wrapping Equipment
10.6.2 Fully Automatic Wrapping Equipment
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 and Beverages
10.10.2 Chemicals
10.10.3 Pharmaceuticals
10.10.4 Consumer Products
10.10.5 Other
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 Semi-Automatic Wrapping Equipment
11.6.2 Fully Automatic Wrapping Equipment
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 and Beverages
11.10.2 Chemicals
11.10.3 Pharmaceuticals
11.10.4 Consumer Products
11.10.5 Other
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 Semi-Automatic Wrapping Equipment
12.6.2 Fully Automatic Wrapping Equipment
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 and Beverages
12.10.2 Chemicals
12.10.3 Pharmaceuticals
12.10.4 Consumer Products
12.10.5 Other
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 Semi-Automatic Wrapping Equipment
13.6.2 Fully Automatic Wrapping Equipment
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 and Beverages
13.10.2 Chemicals
13.10.3 Pharmaceuticals
13.10.4 Consumer Products
13.10.5 Other
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 Shrink Wrapping Equipment Market: Competitive Dashboard
14.2 Global Shrink Wrapping Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arpac
14.3.2 Beumer
14.3.3 Mollers North America
14.3.4 Orion Packaging Systems
14.3.5 Lantech
14.3.6 Phoenix
14.3.7 Signode
14.3.8 Wulftec
14.3.9 Sealed Air
14.3.10 Pro Mach
14.3.11 Arpac
14.3.12 TechnoWrapp
14.3.13 Schneider Packaging Equipment
