Wrapping Machine Market Size, Growth, Market Analysis, Segmentation, And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Wrapping Machine Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Wrapping Machine Market 2024 Key Insights:

• The wrapping machine market is expected to grow to $4.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Sustainable Packaging Surge Fueling Growth In The Wrapping Machine Market
• Innovations In Wrapping Machines
• Asia-Pacific was the largest region in the wrapping machine market in 2023

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