Shrink Wrapping Machine Market Analysis with Key Players, Applications, Trends and Forecast to 2025

Allied Market Research published a report, titled, Shrink Wrapping Machine Market by Process (Automatic, Semi-Automatic, and Manual), Product Type (L-Bar Sealers, I-Bar Sealers, and Other), and End User (Food & Beverages, Personal Care, Pharmaceutical, Industrial & Household, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025. 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.

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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.

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The report presents in-depth insights into each of the leading SHRINK WRAPPING MACHINE end user verticals along with annual forecasts to 2026. The report provides revenue forecast with sales, and sales growth rate of the global SHRINK WRAPPING MACHINE market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Benefits
o The report provides a qualitative and quantitative analysis of the current SHRINK WRAPPING MACHINE market trends, forecasts, and market size from 2018 to 2025 to determine the prevailing opportunities.
o Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
o Top impacting factors & major investment pockets are highlighted in the research.
o The major countries in each region are analyzed and their revenue contribution is mentioned.
o The market report also provides an understanding of the current position of the market players active in the SHRINK WRAPPING MACHINE industry.
Highlights of the Report
o Competitive landscape of the SHRINK WRAPPING MACHINE Market.
o Revenue generated by each segment of the SHRINK WRAPPING MACHINE market by 2025.
o Factors expected to drive and create new opportunities in the SHRINK WRAPPING MACHINE industry.
o Strategies to gain sustainable growth of the market.
o Region that would create lucrative business opportunities during the forecast period.
o Top impacting factors of the SHRINK WRAPPING MACHINE market.

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