Market Overview:
The global stretch wrap machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for stretch wrap machines from various end-use industries, such as food & beverage, pharmaceuticals, construction, chemicals and automotive. In addition, the increasing adoption of semiautomatic and automatic stretch wrap machines is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period. On basis of type, manual stretch wrap machines accounted for a major share in 2017 and are expected to dominate the global market during 2018-2030 owing to their low installation and maintenance costs as compared to semiautomatic or automatic stretch wrap machines.
Product Definition:
Stretch wrap machines are used to tightly wrap packages or bundles with stretch film. This secures the items inside and helps to avoid damage during transit.
Manual:
Stretch wrap machines are used for wrapping around an object or a number of objects and securing with stretchable material like rubber, plastic film or tape. The stretchable material is applied over the surface to be wrapped and then the machine is run in order to elongate the length of elastic along with producing multiple copies. Manual stretch wrap machines are operated by people; while automatic ones are operated by programmed computer systems.
Semiautomatic:
Semiautomatic stretch wrapping machine is a mechanical device used for wrapping and unwrapping of stretchable plastic film or tape around an object. It consists of two main components, namely the motor and the control system. The motor drives a chain connected to reels which in turn wraps or unwraps the material around an object using tension provided by spooled yarns or rubber bands.
Application Insights:
The food and beverage application segment accounted for the largest market share in 2017. The global demand for packaged foods has been rising steadily over the past few years. According to a study published by the World Resources Institute, an increase of 10% in retail sales of packaged foods would lead to a 1% rise in GDP. This trend is expected to continue over the coming years, thereby driving demand stretch wraps across various industries globally.
Stretch wraps are used extensively across all stages of food processing industry from raw material sourcing through manufacturing & packaging and onto distribution & retailing where they play an important role as they offer protection against mechanical damage during transportation or storage without compromising on product quality or freshness attributes. They also help maintain nutritional value, taste and aroma of products along with maintaining hygiene throughout transport & storage operations which is likely to propel their demand further over the forecast period especially in developed economies such as U.S.
Regional Analysis:
North America was the largest regional market in 2017 and is expected to maintain its position throughout the forecast period. The region has a well-established manufacturing sector, which uses vast amounts of packaging material. North America is also home to several prominent stretch wrap machine manufacturers such as 3M Company; Eastman Chemical Co.; and Eaton Corporation. These companies are continuously investing in R&D activities for development of advanced products, which will help them retain their competitive edge over other players.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to increasing demand from end-use industries such as pharmaceuticals, consumer goods & services, food & beverage industry etc.
Growth Factors:
- Increasing demand for stretch wrap machines from the packaging and shipping industries to improve operational efficiency.
- Rising demand for pallet wrapping machines from small and medium-sized businesses due to the benefits offered by these machines such as improved product protection and reduced labor costs.
- Growing popularity of automated stretch wrap machines that can reduce packaging time by up to 50%.
- Increasing investment in research and development by stretch wrap machine manufacturers to develop new and innovative products that meet the changing needs of their customers.
- Proliferation of online retailing which is driving the need for efficient, cost-effective packing solutions such as stretch wrap machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Stretch Wrap Machines Market Research Report
By Type
Manual, Semiautomatic, Automatic
By Application
Food & Beverage, Pharmaceutical, Consumer, Construction, Chemical, Automotive, Industrial, Others
By Companies
Signode Industrial, Webster Griffin, M. J. Maillis Group, Packway, ProMach, Phoenix Wrappers, Handle-It, Robopac, Aetna Group, ARPAC, Lantech, Technowrapp, Cousins Packaging, Berran Industrial Group, G.G. Macchine, Krishna Engineering, Hangzhou Youngsun Intelligent 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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Stretch Wrap Machines Market Report Segments:
The global Stretch Wrap Machines market is segmented on the basis of:
Types
Manual, Semiautomatic, Automatic
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, Pharmaceutical, Consumer, Construction, Chemical, Automotive, Industrial, Others
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:
- Signode Industrial
- Webster Griffin
- M. J. Maillis Group
- Packway
- ProMach
- Phoenix Wrappers
- Handle-It
- Robopac
- Aetna Group
- ARPAC
- Lantech
- Technowrapp
- Cousins Packaging
- Berran Industrial Group
- G.G. Macchine
- Krishna Engineering
- Hangzhou Youngsun Intelligent Equipment
Highlights of The Stretch Wrap Machines 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:
- Manual
- Semiautomatic
- Automatic
- By Application:
- Food & Beverage
- Pharmaceutical
- Consumer
- Construction
- Chemical
- Automotive
- Industrial
- Others
- 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 Stretch Wrap Machines 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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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?
Stretch wrap machines are used to apply a stretch film around products. They use a rotating drum to create the desired tension on the film, which helps keep products sealed and protected.
Some of the major companies in the stretch wrap machines market are Signode Industrial, Webster Griffin, M. J. Maillis Group, Packway, ProMach, Phoenix Wrappers, Handle-It, Robopac, Aetna Group, ARPAC, Lantech, Technowrapp, Cousins Packaging, Berran Industrial Group, G.G. Macchine, Krishna Engineering, Hangzhou Youngsun Intelligent Equipment.
The stretch wrap machines market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stretch Wrap Machines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Stretch Wrap Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stretch Wrap Machines Market - Supply Chain
4.5. Global Stretch Wrap Machines Market Forecast
4.5.1. Stretch Wrap Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stretch Wrap Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stretch Wrap Machines Market Absolute $ Opportunity
5. Global Stretch Wrap Machines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Stretch Wrap Machines Market Size and Volume Forecast by Type
5.3.1. Manual
5.3.2. Semiautomatic
5.3.3. Automatic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stretch Wrap Machines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Stretch Wrap Machines Market Size and Volume Forecast by Application
6.3.1. Food & Beverage
6.3.2. Pharmaceutical
6.3.3. Consumer
6.3.4. Construction
6.3.5. Chemical
6.3.6. Automotive
6.3.7. Industrial
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stretch Wrap Machines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Stretch Wrap Machines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Stretch Wrap Machines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Stretch Wrap Machines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Stretch Wrap Machines Demand Share Forecast, 2019-2026
9. North America Stretch Wrap Machines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Stretch Wrap Machines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Stretch Wrap Machines Market Size and Volume Forecast by Application
9.4.1. Food & Beverage
9.4.2. Pharmaceutical
9.4.3. Consumer
9.4.4. Construction
9.4.5. Chemical
9.4.6. Automotive
9.4.7. Industrial
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stretch Wrap Machines Market Size and Volume Forecast by Type
9.7.1. Manual
9.7.2. Semiautomatic
9.7.3. Automatic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Stretch Wrap Machines Demand Share Forecast, 2019-2026
10. Latin America Stretch Wrap Machines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Stretch Wrap Machines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Stretch Wrap Machines Market Size and Volume Forecast by Application
10.4.1. Food & Beverage
10.4.2. Pharmaceutical
10.4.3. Consumer
10.4.4. Construction
10.4.5. Chemical
10.4.6. Automotive
10.4.7. Industrial
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stretch Wrap Machines Market Size and Volume Forecast by Type
10.7.1. Manual
10.7.2. Semiautomatic
10.7.3. Automatic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Stretch Wrap Machines Demand Share Forecast, 2019-2026
11. Europe Stretch Wrap Machines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Stretch Wrap Machines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Stretch Wrap Machines Market Size and Volume Forecast by Application
11.4.1. Food & Beverage
11.4.2. Pharmaceutical
11.4.3. Consumer
11.4.4. Construction
11.4.5. Chemical
11.4.6. Automotive
11.4.7. Industrial
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stretch Wrap Machines Market Size and Volume Forecast by Type
11.7.1. Manual
11.7.2. Semiautomatic
11.7.3.Automatic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Stretch Wrap Machines Demand Share, 2019-2026
12. Asia Pacific Stretch Wrap Machines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Stretch Wrap Machines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Stretch Wrap Machines Market Size and Volume Forecast by Application
12.4.1. Food & Beverage
12.4.2. Pharmaceutical
12.4.3. Consumer
12.4.4. Construction
12.4.5. Chemical
12.4.6. Automotive
12.4.7. Industrial
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stretch Wrap Machines Market Size and Volume Forecast by Type
12.7.1. Manual
12.7.2. Semiautomatic
12.7.3. Automatic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Stretch Wrap Machines Demand Share, 2019-2026
13. Middle East & Africa Stretch Wrap Machines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Stretch Wrap Machines Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Stretch Wrap Machines Market Size and Volume Forecast by Application
13.4.1. Food & Beverage
13.4.2. Pharmaceutical
13.4.3. Consumer
13.4.4. Construction
13.4.5. Chemical
13.4.6. Automotive
13.4.7. Industrial
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stretch Wrap Machines Market Size and Volume Forecast by Type
13.7.1. Manual
13.7.2. Semiautomatic
13.7.3. Automatic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Stretch Wrap Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Stretch Wrap Machines Market: Market Share Analysis
14.2. Stretch Wrap Machines Distributors and Customers
14.3. Stretch Wrap Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Signode Industrial
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Webster Griffin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. M. J. Maillis Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Packway
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ProMach
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Phoenix Wrappers
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Handle-It
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Robopac
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aetna Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ARPAC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lantech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Technowrapp
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cousins Packaging
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Berran Industrial Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. G.G. Macchine
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Krishna Engineering
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hangzhou Youngsun Intelligent Equipment
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
