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Wrapping Machine Market Expansion: Detailed Market Size, Share Analysis, and Emerging Trends Driving Strong Growth Through 2033

Wrapping Machine Market

Wrapping Machine Market

The new report published by The Business Research Company, titled "Wrapping Machine Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the wrapping machine market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The wrapping machine market size is expected to see strong growth in the next few years. It will grow to $4.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.

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Sustainable Packaging Surge Fueling Growth In The Wrapping Machine Market
Increasing demand for sustainable packaging is expected to propel the growth of the wrapping machine market going forward. Sustainable packaging is designed and manufactured packaging that minimizes the use of resources minimizes waste, and is recyclable or compostable. Wrapping machines are used in sustainable packaging to cover products in recycled or bio-based materials and apply labels or shrink wrap to products that can help reduce the amount of packaging material used. For instance, in September 2021, according to 2,000 UK consumers aged 18 to 60 by Drapers, a UK-based business-to-business magazine, and Smurfit Kappa Group, a Europe-based paper-based packaging company, in the UK, around 64% more likely to buy from retailers with sustainable packaging and 50% willing to pay more for sustainable packaging and delivery in 2021. Further, 73% stated that using paper or cardboard packaging is essential, and 66% said it is important to them that the packaging can be recycled. Therefore, the increasing demand for sustainable packaging is driving the growth of the wrapping machine market.

Innovations In Wrapping Machines
Major companies operating in the wrapping machine market are focusing on developing innovative solutions, such as hygienic flow pack wrapping machines, to gain a competitive edge in the market. A hygienic flow pack wrapping machine is a packaging machine that wraps individual packages or products by forming a continuous stream designed to meet the high hygiene standards required for food and pharmaceutical applications. For instance, in June 2021, Grupo ULMA S. Coop., a Spain-based packaging solutions provider, added the FV 55 SD, a new hygienic flow pack wrapping machine, to its FLOW-VAC family of devices. It features a clean design and is manufactured according to USDA (United States Department of Agriculture) standards, ensuring it meets the highest hygiene and safety standards. The FV 55 SD is a horizontal flow-vac type flow wrapper (HFFS) that can vacuum pack food products using a single shrink and barrier film. The machine is designed for vacuum-wrapping meat and cheese products and is suitable for all food products. The FV 55 SD has a sanitary design, which makes it easier to clean and maintain.

The wrapping machine market covered in this report is segmented -

1) By Type: Stretch, Shrink, Other Types
2) By Mode Of Operation: Semi-Automatic Wrapping Machine, Automatic Wrapping Machine
3) By Application: Food Industry, Beverages Industry, Personal Care, Pharmaceuticals, Chemicals, Other Applications

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Major companies operating in the wrapping machine market report are Mettler-Toledo International Inc., Signode Industrial Group LLC, ProMach Inc., Gerhard Schubert GmbH, Maillis Group S.A., LanTech LLC, Grupo ULMA S. Coop., Aetna International S.p.A., Wulftec International Inc., Bradman Lake Group Limited, Phoenix Packaging Inc., Cavanna S.p.A., Maschinenfabrik Gerd Mosca GmbH, PFM Packaging Machinery S.p.A., A.M.P. ROSE Limited, Brenton LLC, The Massman Companies, Technowrapp s.r.l., Movitec Wrapping Systems SL, Adpak Machinery Systems Ltd., American Packaging Machinery Inc., Atlanta Stretch S.p.A., Nido Machineries Company Limited, Sapphire Packaging Limited, SPG Packaging Systems GmbH, TOSA S.p.a., Vancebuild Ltd., Loesch Verpackungstechnik GmbH + Co. KG., Perks Engineering Limited, Pieri s.r.l.

Contents of the report:
1. Executive Summary
2. Wrapping Machine Market Report Structure
3. Wrapping Machine Market Trends And Strategies
4. Wrapping Machine Market - Macro Economic Scenario
5. Wrapping Machine Market Size And Growth
…..
27. Wrapping Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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