Pallet Stretch Wrapping Machines Market is estimated at USD 412.5 Mn in 2022, likely to surge at a vigorous 4.3% CAGR

The market for pallet stretch wrapping machines is anticipated to grow in volume at a CAGR of 4.0 percent in the coming years. According to the market synopsis for pallet stretch wrapping machines, the market's value is anticipated to rise significantly in 2022, with a year-over-year (YoY) growth rate of 4.2 percent.

The Asia Pacific region is estimated to command a considerable market share of more than 30 percent in 2022, dominating the pallet stretch wrapping machines market. The researcher predicts that the Russian market for pallet stretch wrapping machines will grow by 5.0 percent annually in 2022.

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How will the Need of Equipment have used for Unitizing Stretches Drive the Market Demand for Pallet Stretch Wrapping Machines?

Nowadays, the pallet stretch wrappers and other unitizing technologies are equipped with variety of new features to meet customers demand for speed, quality and security across supply chain. Users of end-of-line packaging machines needs machines that can create effective packaging, shipment-safe and secure loads of varying types at increased efficiency. Pallet stretch wrapping machine is such unitizing equipment which requires minimal operator intervention, maintain, operate and reload.

These machines are no longer seen as the machine at the end of packaging line, but is considered as the critical machine at the beginning of logistics and shipping process. This will help in growing demand of pallet stretch wrapping machines. To help develop wrapping standards, manufacturers and suppliers of automated and semi-automated machines offers sophisticated test labs for test analysis. The latest machines are equipped with sensors to detect load height and scale to determine load weight. These innovations help in the growing demand for the pallet stretch wrapping machine.

Which is the Leading End Use Segment in the Pallet Stretch Wrapping Machines Market?

Food & beverage and automotive are leading segments in end-use industry for pallet stretch wrapping machines market, these segments are projected to cumulatively offer an incremental opportunity of USD 65.7 Million during the forecast period 2022-27. Furthermore, the food & beverage segment which is the leading end use for pallet stretch wrapping machines market is projected to grow 1.3 times by the end of 2027.

Competitive Landscape

Leading pallet stretch wrapping machines manufacturers are committed to the research and development of the product and are consistently offering innovative pallet stretch wrapping solutions targeted towards specific end use. Companies operating in the pallet stretch wrapping machines market are aiming at product launches and expansions with other manufacturers.

In February 2021, Robopac S.p.a.'s stretch wrapping and banding machinery obtains customer satisfaction audit recognition by Cerved.
In July 2021, Wulftec International Inc. featured a strapper wrapper combo. It includes a SMART SML-150 semi-automatic low profile turnable stretch wrapper with a VarioaMaster 9440 side seal automatic strapping machine.
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Key Companies Profiled

Hangzhou Youngsun Intelligent Equipment Co. Ltd.
Italdibipack S.p.A.
Fromm Packaging Systems, Inc.
Wulftec International Inc.
Atlanta Stretch Spa
Muller Load Containment Solutions
Arpac LLC
Robopac SPA
Phoenix Wrappers, Inc.
Tosa s.r.l.
Pallet Stretch Wrapping Machines Market by Category

By Machine Type, Pallet Stretch Wrapping Machines Market is segmented as:

Automatic Pallet Stretch Wrapping Machines
Turntable
Ring
Robotic
Rotary Arm
Single Arm
Double Arm
Semi-Automatic Pallet Stretch Wrapping Machines
Turntable
Arm Wrapping
Specialty Pallet Stretch Wrapping Machines
By End Use, Pallet Stretch Wrapping Machines Market is segmented as:

Food & Beverage
Pharmaceuticals
Consumer Products
Automotive
Paper
Textile
Construction
Chemical
By Order Type, Pallet Stretch Wrapping Machines Market is segmented as:

Customized
Standard
By Region, Pallet Stretch Wrapping Machines Market is segmented as:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan
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This release was published on openPR.