What Has Been the Progress and Growth of the Wrapping Machine Market in Recent Years?
The wrapping machine market has seen considerable growth due to a variety of factors.
• The market size of the wrapping machine industry has seen significant expansion over recent years. The market, which is projected to rise from $3.59 billion in 2024 to $3.89 billion in 2025, is forecast to have a compound annual growth rate (CAGR) of 8.4%.
The historical growth can be linked to factors such as the surge in e-commerce, advancement in manufacturing efficiency, demand from the retail industry, cost-cutting measures, labor efficiency, and the globalization of supply chains.
How Does the Forecast Look for the Wrapping Machine Market?
The wrapping machine market is expected to maintain its strong growth trajectory in upcoming years.
• The market for wrapping machines is poised for significant expansion in the coming years, with projections indicating a growth to $5.23 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%.
Factors contributing to this upward trend in the forecast period include the increasing demand for sustainable packaging, customization and personalization, changes in retail trends, growth in the pharmaceutical and healthcare sectors, and stringent regulations in the food industry. The integration of industry 4.0 technologies, technological innovations in packaging, sustainable packaging solutions, the surge in e-commerce and the subsequent rise in last-mile delivery needs, as well as the focus on flexibility and customization, are expected to be the leading trends in the market for the forecast period.
What Are The Leading Drivers Of Growth In The Wrapping Machine Market?
The ongoing shift towards sustainable packaging is anticipated to fuel the expansion of the wrapping machine market. The concept of sustainable packaging involves the production and design of environmentally-friendly packaging which efficiently reduces waste and resource usage, along with its recyclable or compostable properties. Wrapping machines contribute to this sustainable approach by packaging goods in bio-based or recycled materials and applying labels or shrink wrap, thereby minimizing the quantity of packaging materials used. In accordance with information released by Protega Global Ltd., a UK-based sustainable packaging provider, in January 2023, a significant number of consumers (81%) preferred sustainable packaging, with 73% of UK consumers favouring paper or cardboard, 77% endorsing minimal packaging, 66% prioritizing recyclability, 49% ready to pay extra for eco-friendly options, and 33% not acquiring items due to the absence of sustainable packaging. Hence, this rising preference for sustainable packaging is spurring the growth of the wrapping machine market. The surge in the demand for packaged food products is poised to boost the wrapping machine market's growth in the near future. Packaged food products- like snacks, confectionaries, and instant noodles- are packed or secured by some form of container or protective material for shipping, storage, sale, and consumption. Packaging materials might range from paper and cardboard boxes to corrugated plastic films, polybags, and roll bags. Wrapping machines, in this context, enable efficient packaging and sealing of these food products, facilitating extended storage. Citing data from the National Association of Convenience Stores (NACS), a US-based trade group, it was found that foodservice sales amounted to 26.9% of total in-store sales in 2023, up from 25.6% in 2022. Sales of prepared food per store per month also saw a substantial increase of 12.2%, thereby emerging as the top in-store category. As such, the escalating demand for packaged food items acts as a major driver for the wrapping machine market.
How Are The Segments Defined Within The Global Wrapping Machine Market?
The wrapping machine market covered in this report is segmented –
1) By Type: Stretch, Shrink, Other Types
2) By Mode Of Operation: Semi-Automatic Wrapping Machine, Automatic Wrapping Machine
3) By Application: Food Industry, Beverages Industry, Personal Care, Pharmaceuticals, Chemicals, Other Applications
Subsegments:
1) By Stretch: Automatic Stretch Wrappers, Semi-Automatic Stretch Wrappers
2) By Shrink: Automatic Shrink Wrappers, Semi-Automatic Shrink Wrappers, Sleeve Shrink Wrapping Machines
3) By Other Types: Vacuum Wrapping Machines, Flow Wrapping Machines, Blister Packing Machines
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How Are Emerging Trends Reshaping The Dynamics Of The Wrapping Machine Market?
Key players in the wrapping machine market are concentrating their efforts on building strategic alliances to gain a market advantage. These alliances are formed between two or more entities with a shared objective, pooling their resources, expertise and knowledge. For example, in June 2022, UK-based Mondi, a packaging and paper firm, joined forces with EW Technology to introduce a cutting-edge machine intended to address the need for increased efficiency and sustainability in paper pallet wrapping within smaller to mid-sized production lines. The novel machine uses a full reel of Mondi's Advantage StretchWrap paper, thereby allowing customers to step away from the customary multi-layered plastic typically used within the sector. Mondi is dedicated to promoting sustainability within the packaging solutions industry, and this partnership is a major progress towards achieving that objective.
Who Are the Key Players In The Wrapping Machine Market?
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.
What Is The Most Dominant Region In The Wrapping Machine Market?
Asia-Pacific was the largest region in the wrapping machine market in 2024. The regions covered in the wrapping machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
