North America Wrapping Machine Market Trends Growth Value Analysis 2022 - 2027:
North America Wrapping Machine Market size is likely at USD xx.xx million in 2021 and is projected to a range of over USD xx.xx million by the end of the assessment period. The North America Wrapping Machine Market is likely to know reasonable growth to the highest CAGR of 6.39% through the estimated period (2022 - 2027).
Wrapping in the packaging industry includes various styles and types of machines using paper, film, or aluminum foil. These materials are usually wrapped around the products and sealed. Wrapping machines fully or partially wrap a product through a series of sealing and folding operations.
The Wrapping machine protects against dust, damage, moisture and ensures safety. To improve productivity and efficiency, wrapping machines with the help of PLC-activated control improve the overall packaging process. Automatic wrappers are capable of wrapping a pallet without the help of a lifting machine. There are different types of wrapping machines for different purposes, including folding wrapping machines, wrapping machines, foil and tape wrapping machines, stretch film wrapping machines, sleeve wrapping machines, spiral wrapping machines, machines twist wrapping machines, roll wrapping machines, layer wrapping machines, and L seal wrapping machine.
Wrapping machines are in high demand in various sectors and industries to ensure that packaged products safely reach customers.
Recent Developments
We are proud to announce the acquisition of the stretch film wrapping machine manufacturer Finish Octomeca OY. We are convinced that high-quality and innovative wrapping machines are the ideal complement to the FROMM group's product range. Furthermore, we believe that with this development and other investments in the field of automatic machines, the FROMM Group can strengthen its position as a partner for end-of-line solutions.
Octomeca is a Finnish technology company founded in 1989. It specializes in the design and manufacture of premium quality stretch film wrapping machines. The company is located in Naantali, in southwestern Finland. Today, most of the machines are delivered to customers around the world.
Through the collaboration between Omori Machinery Company Limited (Toshio Omori, CEO and President) and Development Bank of Japan Incorporated (DBJ) (Toru Hashimoto, President, and CEO), Omori announced the acquisition of Multi Pack Systems Private Limited, one of the leading Indian wrapping manufacturers.
Omori has been recognized by DBJ for its high technology, consistent performance, and global strategic operating presence and has been identified as the appropriate investment partner.
The acquisition of Finnish stretch film wrapping machine manufacturer Octomeca in 2018 enabled Swiss wrapping supplier FROMM wrapping Systems to expand its product offering to the wrapping industry. Octomeca offers horizontal and vertical film wrapping solutions, which allow the company to wrap containers with or without pallets.
FROMM Wrapping Systems is committed to sustainability throughout the entire life cycle of a product; This ranges from the environmentally sound use of resources and the absence of materials that are harmful to the environment or human health, the efficient use of transport and the direct and indirect reduction of carbon emissions, explains Lowther.
Market Drivers and Restraints:
The movement of industrial products and consumer goods to various locations requires safe wrapping, which is expected to increase the demand for Wrapping machines. Furthermore, the growing footprint of the Wrapping Machine market around the world due to the increase in wrapping products is expected to drive the growth of the wrapping Machine market. This, in turn, is expected to drive growth in the Wrapping Machine Market.
Furthermore, wrapping machines are heavily involved in the advanced wrapping process of material goods and the wrapping processes integrated into the wrapping industry. This, in turn, is expected to drive the wrapping Machine market over the forecast period. The wrapping Machine market is increasing its presence in the wrapping industry worldwide by ensuring a safe and efficient transition of products. Efficient wrapping of the product is also likely to increase the quality of the presentation and the attractiveness of the product to the consumer, increasing the demand for wrapping machines.
The food and beverage industry's product handling and control system is expected to experience strong growth in the wrapping Machine market. Automatic wrapping machines are estimated to experience greater growth than semi-automatic wrapping machines. The high cost of equipment and devices is the key factor hampering the wrapping Machine market.
Market Segmentation:
Machine Type:
The demand for wrapping machines has grown significantly compared to the shrink machine industry. The stretch wrapping machine uses stretch plastic film to wrap the product and fix it firmly.
Mode of operation:
The semi-automatic segment is expected to register a CAGR of 7.8% during the guessing period. Wrapping machine automation improves overall productivity by providing a number of benefits, such as minimal time reduction, fast wrapping processes, human intervention, and efficient wrapping of multiple products.
Application:
In 2020, the food industry will dominate the market with a 23.5% share. Wrapping machines are widely used in the food industry to package many food products such as confectionery, chocolate, bakery products, snacks, and fruits.
On the other hand, the beverage sector is expected to experience a CAGR of 9.2% during the forecast period. This is because the beverage industry deals mainly with alcoholic and non-alcoholic beverages packaged in different types of wrapping, such as cans and bottles.
Leading Company
IMA Group had the largest share of the North America Wrapping Machine Market in terms of sales revenue in 2021.
Key Players
The North America Wrapping Machine Market is concentrated with well-established players. Key players in the North America Wrapping Machine Market include
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