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Pulished Date October, 2021
ID: 12228
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North America Wrapping Machine Market by Machine Type (Stretch and Shrink), By Mode of Operation (Automatic and Semi-Automatic), By Application (Food, Beverages, Pharmaceuticals, Personal Care, Chemicals, and Others), and country, In-Depth Analysis, Market Share, Forecast Data, and Detailed Overview, and Forecast, 2021-2026

Pulished: October, 2021
ID: 12228
Pages: 140

North America Wrapping Machine Market Trends Growth Value Analysis 2021-2026:

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 (2021-2026).

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:

  • Shrinkage
  • Stretching

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:

  • Automatic
  • Semi-automatic

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:

  • Chemical Products
  • Personal Hygiene
  • Pharmaceutical
  • Food
  • Beverage

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

  • IMA Group
  • American Wrapping Machine
  • Duravant LLC
  • Aetna Group S.p.A.
  • ProMach
  • Lantech LLC
  • Maillis Group S.A. (H.I.G. Capital LLC)
  • BEUMER Group GmbH & Co. KG, Inc.
  • Atlanta Stretch SpA
  • Robert Reiser & Co

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 North America North America Wrapping Machine Market, By Machine Type                 

                                6.1.1 Shrinkage

                                6.1.2 Stretching

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 North America Wrapping Machine Market, By Mode of operation                     

                                6.2.1 Automatic

                                6.2.2 Semi-automatic    

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 North America Wrapping Machine Market, By Application                     

                                6.3.1 Chemical Products

                                6.3.2 Personal Hygiene 

                                6.3.3 Pharmaceutical     

                                6.3.4 Food          

                                6.3.5 Beverage 

                                6.3.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.7 Y-o-Y Growth Rate Analysis              

                                6.3.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 North America Wrapping Machine Market, by Region                             

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Machine Type  

                                7.2.3 By Mode of operation        

                                7.2.4 By Application       

8. Key Player Analysis                                    

                8.1 IMA Group                 

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 American Wrapping Machine                             

                8.3 Duravant LLC                              

                8.4 Aetna Group S.p.A.                 

                8.5 ProMach                     

                8.6 Lantech LLC                

                8.7 Maillis Group S.A. (H.I.G. Capital LLC)                              

                8.8 BEUMER Group GmbH & Co. KG, Inc.                              

                8.9 Atlanta Stretch SpA                 

                8.10 Robert Reiser & Co.                              

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Machine Type, Mode Of Operation, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

  1. North America Wrapping Machine Market By Machine Type, From 2021-2026 ( USD Billion )
  2. North America Shrinkage Market By Region, From 2021-2026 ( USD Billion )
  3. North America Stretching Market By Region, From 2021-2026 ( USD Billion )
  4. North America Wrapping Machine Market By Mode of operation, From 2021-2026 ( USD Billion )
  5. North America Automatic Market By Region, From 2021-2026 ( USD Billion )
  6. North America Semi-automatic Market By Region, From 2021-2026 ( USD Billion )
  7. North America Wrapping Machine Market By application, From 2021-2026 ( USD Billion )
  8. North America Chemical Products Market By Region, From 2021-2026 ( USD Billion )
  9. North America Personal Hygiene Market By Region, From 2021-2026 ( USD Billion )
  10. North America Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  11. North America Food Market By Region, From 2021-2026 ( USD Billion )
  12. North America Beverage Market By Region, From 2021-2026 ( USD Billion )
  13. United States Wrapping Machine Market By Machine Type, From 2021-2026 ( USD Billion )
  14. United States Wrapping Machine Market By Mode of operation, From 2021-2026 ( USD Billion )
  15. United States Wrapping Machine Market By application, From 2021-2026 ( USD Billion )
  16. Canada Wrapping Machine Market By Machine Type, From 2021-2026 ( USD Billion )
  17. Canada Wrapping Machine Market By Mode of operation, From 2021-2026 ( USD Billion )
  18. Canada Wrapping Machine Market By application, From 2021-2026 ( USD Billion )

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