Shrink Wrapping Machine Market Projected to Expand at a 6.5% CAGR BY 2025

Shrink wrapping machine is an appliance that is used to shrink wrap polymer plastic film for packaging application. It is used in heat shrink packaging that includes a sealer and heat source to apply heat to the shrink wrap. There is wide range of shrink-wrapping machines based on shrink wrapping type, which includes centerfold shrink wrap, shrink sleeves, shrink tubing, shrink banding, and shrink tape.

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.

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.

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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

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.

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Industry Frontrunners

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.

Table Of Content:

CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SHRINK WRAPPING MACHINE MARKET, BY PROCESS
CHAPTER 5: SHRINK WRAPPING MACHINE MARKET, BY PRODUCT TYPE

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