What is Stretch Wrapping Equipment Market?
Stretch Wrapping Equipment is a machine which is used to wrap mass products such as biscuits, chocolates, and others, these can be either fully automatic or semi-automatic in nature. This machine helps in preventing the safety of the labors working in the industries were the containers or the products are being packed. Moreover, it also helps in saving the procedure time for packaging goods. The rising number of packed food globally is driving the market
The market study is being classified by Type (Turntable, Robotic, Rotary Arm and Others), by Application (Food and Beverages Packaging, Consumer Products, Electrical and Electronics, Personal Care Products and Pharmaceuticals) and major geographies with country level break-up.
Lachenmeier (Denmark), TechnoWrapp (Italy), Muller LCS (United States), Schneider Packaging Equipment Co. Inc. (United States), Orion Packaging Systems, LLC (United States), Lantech (United States) and Cousins Packaging (Canada) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Stretch Wrapping Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Stretch Wrapping Equipment market by Type, Application and Region.
On the basis of geography, the market of Stretch Wrapping Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand from the Food and Beverage Packaging Sector
- Rising Awareness about the Benefits of Packed Foods
Market Trend
- An Increasing Need for Packed Goods Globally
- Rising Demand for Speed and Secure Product Delivery
Restraints
- The High Installation Cost of This Equipment
- Availability of Substitutes in the Market
Opportunities
- Growth of the Organized Retail Sector Globally
- Owing to the Enormous Demand for Space-Saving and Compact Products, and Flexible Packaging of Products
- Increasing Demand for Technology Upgrade and Robotics in Wrapping Equipment
Challenges
- Issue Related to the Malfunctioning of these Machines
On 3rd December 2018, TAB Industries Launched a Wrapper Tornado Wrapping Machines with 360 Degrees Wrapping Capability. This product offers options for red, green, yellow, blue and black. The unit’s color stretch-film enables packaging and shipping personnel to color-code pallet loads by product, size or another characteristic for automatic identification.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others