Wrapping Machine Global Market Report 2024

The wrapping machine market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The expansion observed in the historical period can be attributed to factors such as the e-commerce boom, improved manufacturing efficiency, demand from the retail industry, cost reduction, labor efficiency, and the globalization of supply chains.

The wrapping machine market size is expected to see strong growth in the next few years. It will grow to $4.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to factors such as the rise of sustainable packaging practices, increasing demand for customization and personalization, evolving trends in the retail sector, growth in the pharmaceutical and healthcare industries, and compliance with food industry regulations. Key trends in the forecast period encompass the integration of Industry 4.0 technologies, technological advancements in packaging, the adoption of sustainable packaging solutions, the growth of e-commerce and last-mile delivery needs, and a focus on flexibility and customization in packaging solutions.

The wrapping machine market is expected to experience growth driven by the increasing demand for sustainable packaging. Sustainable packaging involves the design and production of packaging that minimizes resource usage, reduces waste, and is recyclable or compostable. Wrapping machines play a vital role in sustainable packaging by covering products with recycled or bio-based materials, applying labels, or shrink wrapping to minimize packaging material usage. For example, a survey conducted in the UK in September 2021 revealed that 64% of consumers were more likely to buy from retailers with sustainable packaging, and 50% were willing to pay more for sustainable packaging and delivery. Additionally, 73% emphasized the importance of using paper or cardboard packaging, while 66% emphasized the recyclability of the packaging. This rising demand for sustainable packaging is a key driver behind the growth of the wrapping machine market.

The growth of the wrapping machine market is also anticipated to be fueled by the demand for packaged food products. Packaged food products, such as snacks, confectioneries, and instant noodles, require effective wrapping and sealing for shipment, storage, sale, and extended shelf life. Wrapping machines are instrumental in packaging and sealing these food products, contributing to longer storage periods. For instance, statistics from November 2022 indicated an 11.4% increase in gross snack sales over the initial nine months of the year, totaling $44.9 billion, representing a 26% increase from 2020. This surge in demand for packaged food products is a significant factor driving the wrapping machine market.

The economic fluctuations are expected to pose challenges to the growth of the wrapping machine market. Economic fluctuations, reflecting changes in national income and overall economic conditions, can lead to increased costs for raw materials and transportation. This can impact the profitability of wrapping machine manufacturers, as global growth is projected to decline from 5.7% in 2021 to 2.9% in 2022, significantly lower than the earlier anticipated 4.1%. Economic uncertainties may result in reduced demand for wrapping machines, hindering market growth.

Major companies in the wrapping machine market are focusing on innovative solutions, such as hygienic flow pack wrapping machines. These machines are designed for packaging individual products with a continuous stream, meeting high hygiene standards required for food and pharmaceutical applications. For example, Grupo ULMA S. Coop. introduced the FV 55 SD, a hygienic flow pack wrapping machine with a clean design manufactured according to USDA standards. The machine is suitable for vacuum-wrapping meat and cheese products and adheres to the highest hygiene and safety standards, offering ease of cleaning and maintenance.

In January 2021, Pro Mach Inc., a US-based packaging machinery solutions manufacturer, acquired KHS Bartelt. This acquisition strengthens ProMach's North American flexible packaging business and expands capabilities in pouch making, shrink sleeves, and cartons. KHS Bartelt, based in Germany, specializes in manufacturing wrapping machines.

Major companies operating in the wrapping machine market report are Mettler-Toledo International Inc., Signode Industrial Group LLC, ProMach Inc., Gerhard Schubert GmbH, Maillis Group S.A., LanTech LLC, Grupo ULMA S. Coop., Aetna International S.p.A., Wulftec International Inc., Bradman Lake Group Limited, Phoenix Packaging Inc., Cavanna S.p.A., Maschinenfabrik Gerd Mosca GmbH, PFM Packaging Machinery S.p.A., A.M.P. ROSE Limited, Brenton LLC, The Massman Companies, Technowrapp s.r.l., Movitec Wrapping Systems SL, Adpak Machinery Systems Ltd., American Packaging Machinery Inc., Atlanta Stretch S.p.A., Nido Machineries Company Limited, Sapphire Packaging Limited, SPG Packaging Systems GmbH, TOSA S.p.a., Vancebuild Ltd., Loesch Verpackungstechnik GmbH + Co. KG., Perks Engineering Limited, Pieri s.r.l.

Asia-Pacific was the largest region in the wrapping machine market in 2023. The regions covered in the wrapping machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the wrapping machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wrapping machine market consists of sales of flow wrappers, box strapping machines, turntable stretch wrapping machines, orbital and ring wrappers, and stretch wrappers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary types of wrapping machines include stretch, shrink, and others. A shrink-wrapping machine is specifically designed to wrap a product or package in a protective and tight-fitting plastic film that shrinks when heated, ensuring secure packaging. These machines can operate in various modes, including semi-automatic wrapping machines and automatic wrapping machines, and find applications across industries such as the food industry, beverage industry, personal care, pharmaceuticals, chemicals, and others.

The wrapping machine market research report is one of a series of new reports that provides wrapping machine market statistics, including wrapping machine industry global market size, regional shares, competitors with a wrapping machine market share, detailed wrapping machine market segments, market trends and opportunities, and any further data you may need to thrive in the wrapping machine industry. This wrapping machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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