Wrapping Machine Market

Wrapping Machine Market Value and Growth (2023-2028):

Wrapping Machine Market size was worth USD 3.59 billion in 2023 to USD 5.35 billion in 2028 with (CAGR) of 8.30% between 2023 and 2028

Wrapping Machine Market Overview:

Wrapping machines are useful to maintain product quality and propel the production rate in the packaging industry. Envelopes can be in various shapes such as vertical, annular, steel, or rotating and orbital envelopes. Wrapping machines are used in a variety of industries, such as pharmaceuticals, personal care, healthcare, and public professional services to achieve some degree of customization regarding the handling and transportation of material goods. The Wrapping machine can fully or partially cover the material through various folding and sealing operations. The Wrapping machine helps protect it from damage, moisture, and dirt, and protects it on the go.

Recent Developments in Wrapping Machine Industry:

• In May 2019, Duravant acquired Motion06 to develop machines and components for conveyor systems.

• In May 2019, Aetna acquired Ocme and Robopac to expand the range of packaging and logistics technology.

• In December 2018, Duravant acquired Wulftec International, accelerating its comprehensive portfolio of packaging solutions and expanding its automation capabilities.

Wrapping Machine Market Growth:

Factors such as ease of handling and transportation, increased product shelf life, and protected shipping of packaged goods are expected to drive the growth of the global wrapping machine market.

REPORT COVERAGE:

Wrapping Machine Market Drivers:

The Wrapping machine use PLC control, that is, industrial computer control systems that monitor the speed of the packaging process and make decisions based on the efficiency and productivity of the product.

To increase productivity and efficiency, many manufacturers are adopting Wrapping machines that are driving the market growth. With the increasing demand for ready-to-eat foods, dairy products, and other packaging products, the food and beverage industry increasingly needs effective packaging solutions, further increasing the market demand for Wrapping machinery. Manufacturers focus on the exact solution and optimize response times, which are driving the increasing adoption of Wrapping machines, and promoting the growth of the market. The demand for safe packaging is also further driving business growth due to the need for high-quality product packaging. The Wrapping machine market is supposed to accelerate in the near future due to the high demand for packaging materials and the safe transportation of items. The packing machines are available in automatic and semi-automatic models with a variety of technologies such as control panels, visceral lifting, and more. Product packaging is showing significant growth in the packaging industry, which is increasing the demand for Wrapping machinery. The market for automatic handling Wrapping machines is expected to expand. The growth of the Wrapping machine market is related to the demand for secondary packaging of products that require longer delivery times. Demand for products to be shipped to cover an expanded area of the customer base drives demand for packaging, which has an impact on market demand for shrink wrapping machines. Currently, worldwide delivery is approximately 10 billion tons.

Wrapping Machine Market Restraints:

The Wrapping machine requires a high initial investment, which is slowing the expansion of the worldwide market. The Wrapping machine is designed to use a plastic film that is not environmentally friendly. Banning these films could limit the market for Wrapping machines. Also, the integration of the packaging process at the end of the production line represents a threat to the Wrapping machinery market. Advanced Wrapping machines with integrated packaging processes and diverse operations can hamper the growth of target market.

Wrapping Machine Market Segmentation Analysis:

According to the mode of operation, the Wrapping Machine market is divided into

• automatic

• semi-automatic

The automatic mode of operation accounted for 48.6% of the sales share in 2021 and is foreseen to dominate the Wrapping machine market by 2026. The semi-automatic segment is likely to show a CAGR of 7.8% over the conjecture period. Automation of the Wrapping machine improves overall productivity by providing a number of benefits such as minimal time reduction, fast packaging processes, human intervention, and efficient packaging of multiple products.

In terms of application, the Wrapping machine market has been segmented into

• food, beverage

• pharmaceutical

• personal hygiene

• chemical products, etc

the food industry dominated the market with a 23.5% share. Wrapping machines are widely used in the food industry to package numerous food products such as confectionery, chocolate, bakery products, snacks and fruits. The beverage sector is estimated to witness a 9.2% CAGR during the forecast period. The beverage industry mainly deals with alcoholic and non-alcoholic beverages packed in different types of packaging, such as cans and bottles.

Wrapping Machine Market Regional Analysis:

• North America - the United States and Canada

• Europe - United Kingdom, Spain, Germany, Italy, and France

• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia

• Latin America - Brazil, Argentina, Mexico, and Rest of LATAM

• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

The demand for packaging in North America is growing significantly, driven by the demand for food and beverage industry growth. Packaging in different fields, such as pharmaceuticals, food processing, consumer goods, and electronics, promotes the demand for wrapping machines. Consumer demand in Asia Pacific is increasing to ensure product reliability. Manufacturers prefer packaging solutions that also keep their products durable. In Europe, wrapping machine market is experiencing growth, especially in the food and beverage sector. The market for Wrapping machine anticipates high growth in Latin America due to the growing call for food packaging. The market for automatic packers is believed to grow faster than that of semi-automatic packers in the coming years.

Wrapping Machine Market Key Players:

1. Duravant LLC

2. IMA Group

3. Lantech LLC

4. Atlanta Stretch SpA

5. BEUMER Group GmbH & Co. KG

6. Maillis Group SA (HIG Capital LLC)

7. ProMach, Inc.

8. Aetna Group SpA

9. Robert Reiser & Co., Inc

10. American Wrapping Machinery, Inc.