openPR Logo
Press release

Shrink Wrapping Machine Market to Reach $1,032 Million, Globally, by 2025 at 6.5% CAGR

04-08-2019 08:27 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Shrink Wrapping Machine Market to Reach $1,032 Million,

Augmenting need for extending shelf life of products, ease of handling and transportation of goods, enhanced protection during shipment of packaged goods, and low operational cost are expected to drive the growth of the global shrink wrapping machine market.

The report provides in-depth analyses of the key winning strategies, drivers & opportunities, market share & estimations, key market segments, and competitive landscape. According to the report, the global shrink wrapping machine market garnered $617 million in 2017 and is expected to reach $1,032 million by 2025, registering a CAGR of 6.5% from 2018 to 2025.

Buy Now @Flat 20% Discount: https://www.alliedmarketresearch.com/checkout/704555 * Offer Valid Till 20 April 2019*

The growth of the global shrink wrapping machine market is driven by factors such as increase in shelf life of products coupled with benefits such as ease of handling & transportation and enhanced safety offered by them. However, stringent government regulations and restricted quantity and height of the wrapping would hinder the market growth. On the other hand, growing popularity of e-commerce and increasing need to retain freshness of perishable goods during transportation would create new opportunities for the market players in future.

Automatic segment to be lucrative through 2025

Among processes, the automatic segment captured more than half of the total market share in 2017 and is expected to dominate the market through the forecast period. Moreover, it is projected to grow at the fastest CAGR of 7.6% from 2018 to 2025 due to its higher production capacity as compared to semi-automatic shrink wrapping machines and increasing demand for consumer products. The report also analyzes the semi-automatic and manual segments.

L-bar sealers segment to garner largest revenue share through 2025

The L-bar sealers segment contributed more than two-thirds of the total market revenue in 2017. Moreover, it is projected to maintain its lion's share throughout the forecast period, registering the fastest CAGR of 7.1% from 2018 to 2025. This is attributed to their widespread applications and advanced wrapping mechanism. These sealers can cut the shrink wrap film around the product with a single movement of the gears, which in turn improves the production time. The research also analyzes I-bar sealers and others.

Food & beverages shrink packaging segment to contribute highest revenue, pharmaceutical segment to grow fastest

Food & beverages shrink packaging segment accounted for 47.1% of the total market revenue in 2017 and would maintain its dominance through 2025. This is attributed to the high intake of frozen and ready-to-eat food & beverages among consumers worldwide and increased consumption of alcoholic and non-alcoholic beverages especially in China, Japan, India, U.S., and Germany. However, the pharmaceutical segment is projected to grow at the fastest CAGR of 8.3% through the forecast period due to surge in online pharmacy and medical supplies. Moreover, the need for safer transfer of medicines boosts the demand for shrink wrapping machines in the pharmaceutical industry. The study also analyzes personal care, industrial, and household among other end users.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/5134?utm_source=OP&utm_medium=Pra

Asia-Pacific to be remunerative through 2025

Asia-Pacific accounted for the largest share of 40.1% in 2017 and is anticipated to continue its dominance during the forecast period. Moreover, this is expected to grow at the fastest CAGR of 7.9% from 2018 to 2025 due to the remarkable growth of the ecommerce in the region, especially in China and India. The other regions analyzed in the report include North America, Europe, and LAMEA (Latin America, Middle East, and Africa).

Industry Fortunners

The key market players analyzed in the report include Aetna Group S.p.A. (ROBOPAC), Axon, Clamco, Duravant LLC, Massman Automation Designs LLC, Robert Bosch Packaging Technology GmbH, Standard-Knapp, Inc., Texwrap Packaging Systems, Tripack, and Conflex Incorporate. These companies have implemented various strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to gain a stronghold in the industry.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shrink Wrapping Machine Market to Reach $1,032 Million, Globally, by 2025 at 6.5% CAGR here

News-ID: 1693765 • Views:

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collect
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,