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Global Wrapping Equipment Market 2017-2021

Global Wrapping Equipment Market 2017-2021

About Wrapping Equipment

Wrapping machine is an automatic or semi-automatic machine used to wrap mass product articles (such as biscuits, chocolates, and others) and large bag articles (such as pet food and cement), as well as aid in palletizing across industries. The report covers only secondary wrapping of large bundled products using stretch and shrink wrapping equipment. The stretch and shrink secondary wrapping segment is growing steadily, because it requires less space in a warehouse compared with corrugated boxes, which is a popularly used across end-users. A single pallet wrapping can hold as much as the 16 packs of corrugated boxes. The price of stretch and shrink films is another key contributing factor aiding the growth of this market. The raw materials used for stretch and shrink wrapping are stretch and shrink films, which are cheaper compared with the raw materials used for other forms of wrapping.

Technavio’s analysts forecast the global wrapping equipment market to grow at a CAGR of 6.40% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wrapping equipment market for 2017-2021. To calculate the market size, the report covers only secondary wrapping using stretch and shrink wrapping equipment.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wrapping Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ARPAC
  • BEUMER
  • Mollers North America
  • Pro Mach
Other prominent vendors
  • Phoenix
  • Signode
  • Wulftec
  • Sealed Air
  • Lachenmeier
Market driver
  • Demand for technology upgrade and robotics in wrapping equipment.
  • For a full, detailed list, view our report
Market challenge
  • Economies of scale for small vendors.
  • For a full, detailed list, view our report
Market trend
  • Stretch and shrink wrapping as an emerging substitute for corrugated boxes.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Wrapping Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global wrapping equipment market: ARPAC, BEUMER, Mollers North America, and Pro Mach.

Other Prominent Vendors in the market are: Phoenix, Signode, Wulftec, Sealed Air, and Lachenmeier.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increased demand for customized wrapping. Many companies find secondary packaging as a tool to reduce the overall cost. They have started implementing many strategies in secondary packaging and transportation. Around 59% of the food product manufacturers are now changing the material in secondary packaging for cost-effectiveness.”

According to the report, one driver in market is demand for technology upgrade and robotics in wrapping equipment. Initially, the end-of-line packaging was carried out manually; gradually, this was replaced with semi-automated and fully automated machinery. As customer requirements are evolving rapidly, manufacturers are demanding fully automated high-speed wrapping machines with increased throughput, along with high versatility (suitable for different size packages) and user-friendly nature. To cater to the varying needs of customers, vendors are coming up with the updated servo technology. Servo control offers greater dwell time to all types of films, making the films tolerant to extended heat transfer over a prolonged period. This servo control helps wrapping equipment to adopt almost all kind of films with different parameters. It adopts the film with a wider range of gauge thickness, innovative coating with aroma barriers, and multi-player co-extrusions for reverse printing.

Further, the report states that one challenges in market is threat of substitutes. The alternatives to plastic stretch films are being developed to cut down on material cost and reduce the environmental effect. For instance, Pallet Wrapz, a US-based company has developed a mesh-based tertiary packaging product named Pallet Wrapz. It is available in different sizes and for different palletizing purposes. Pallet Wrapz is reusable in nature. These wraps are easier and quicker to wrap and unwrap manually, consuming much lesser time. This eliminates the cost incurred for the installation of stretch and shrink machinery, as well as the cost involved in the purchase of shrink and stretch films.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-warehouse-and-storage-global-wrapping-equipment-market-2017-2021

Companies Mentioned

ARPAC, BEUMER, Mollers North America, Pro Mach, Phoenix, Signode, Wulftec, Sealed Air, and Lachenmeier.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global wrapping equipment market segmentation
    • Market size and forecast
      • Table Global wrapping equipment market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global wrapping equipment market by product type
      • Table Global wrapping equipment market segmentation by product type 2016-2021 (revenue %)
    • Global wrapping equipment market for stretch wrapping
      • Table Global wrapping equipment market for stretch wrapping 2016-2021 ($ billions)
    • Global wrapping equipment market for shrink wrapping
      • Table Global wrapping equipment market for shrink wrapping 2016-2021 ($ billions)
    • Global wrapping equipment market for others
      • Table Global wrapping equipment market for others 2016-2021 ($ billions)
  • Market segmentation by application
    • Global wrapping equipment market by application
      • Table Global wrapping equipment market segmentation by application 2016 and 2021 (revenue %)
      • Table Growth rates of global wrapping equipment market segmentation by application 2017-2021
    • Global wrapping equipment market for food and beverage industry
      • Table Global wrapping equipment market for food and beverage industry 2016-2021 ($ billions)
    • Global wrapping equipment market for chemical industry
      • Table Global wrapping equipment market for chemical industry 2016-2021 ($ billions)
    • Global wrapping equipment market for other industries
      • Table Global wrapping equipment market for other industries 2016-2021 ($ billions)
  • Geographical segmentation
    • Global wrapping equipment market by geography
      • Table Global wrapping equipment market by geography 2016 and 2021 (revenue %)
      • Table Growth rates of global wrapping equipment market by geography 2017-2021
    • Wrapping equipment market in Americas
      • Table Wrapping equipment market in Americas 2016-2021 ($ billions)
    • Wrapping equipment market in APAC
      • Table Wrapping equipment market in APAC 2016-2021 ($ billions)
    • Wrapping equipment market in EMEA
      • Table Wrapping equipment market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Product segmentation of Pallet Wrapz
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Stretch and shrink wrapping as an emerging substitute for corrugated boxes
    • Increased demand for customized wrapping
    • Rising demand from niche market customers
  • Vendor landscape
    • Competitive scenario
    • ARPAC
      • Table Recent developments of ARPAC
    • BEUMER
      • Table Beumer: Product segmentation
    • Mollers North America
      • Table Mollers North America: Product segmentation
    • Pro Mach
      • Table Pro Mach: Product segmentation
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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