Press release
Wrapping Machine Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
How Will the Wrapping Machine Market Grow, and What Is the Projected Market Size?There has been a significant expansion in the wrapping machine market in the past few years. The market, previously valued at $3.59 billion in 2024, is expected to grow to $3.89 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%. Factors like the surge in e-commerce, increased manufacturing efficiency, high demand in the retail industry, decreased costs, improved labor efficiency, and the globalization of supply chains have significantly contributed to the growth during the historic period.
The market size of the wrapping machine is predicted to experience substantial growth in the upcoming years, estimated to reach $5.23 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.7%. The growth during this forecast period is largely due to factors such as the emergence of sustainable packaging, increased preference for customization and personalization, changing retail patterns, expansion of the pharmaceutical and healthcare sectors, and strict food industry regulations. Key trends anticipated during the forecast period include the incorporation of Industry 4.0 technologies, innovation in packaging technologies, environmentally-friendly packaging options, growth in e-commerce, and the need for last-mile delivery services, as well as flexibility and customization.
What Key Elements Are Boosting Growth in the Wrapping Machine Market?
The wrapping machine market is anticipated to grow due to the heightened demand for sustainable packaging. Sustainable packaging aims to minimize resource usage, waste, and encourages recyclability or compostability. Wrapping machines play a crucial role in this by enclosing products in recycled or biodegradable materials, and applying labels or shrink wrapping, thus reducing the quantity of packaging material used. Data released in January 2023 by Protega Global Ltd, a UK-based provider of sustainable packaging, revealed that 81% of consumers were demanding sustainable packaging, with 73% preferring paper or cardboard, 77% favoring minimal packaging, 66% prioritizing recyclability, 49% willing to pay more for sustainable options, and 33% rejecting purchases due to unsustainable packaging. Therefore, the increased interest in sustainable packaging is a key force behind the expansion of the wrapping machine market. The growth of the wrapping machine market is also likely to be fueled by the augmented demand for packaged food products in the future. Packaged food products, whether they are snacks, confectionaries, or instant noodles, need to be carefully encased for transport, storage, sale, and usage. Wrapping machine materials include paper, cardboard boxes, corrugated plastic films, polybags, and roll bags are utilized to package these products, thereby promoting longer storage duration. For example, data compiled by the National Association of Convenience Stores (NACS) in April 2024 revealed that 26.9% of the total in-store sales in 2023 was food sales, which was a rise from the 25.6% recorded in 2022, with ready-made food sales increasing by 12.2% per store per month and occupied the top spot in in-store categories. As such, the surge in demand for packaged food products is a significant driver for the wrapping machine market.
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Who Are the Major Industry Players Fueling Wrapping Machine Market Expansion?
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.
Which Key Developments Are Influencing the Wrapping Machine Market?
Large corporations involved in the wrapping machine market are concentrating on creating strategic alliances in order to establish a competitive advantage in the field. Such collaborations involve two or more entities pooling together their resources, know-how, and skills to reach shared objectives. For example, in June 2022, UK-based packaging and paper company Mondi teamed up with EW Technology to introduce a new machine built for more productive and eco-friendly wrapping of paper pallets in small-to-medium production lines. This revolutionary machine utilizes an entire reel of Mondi's Advantage StretchWrap paper, allowing customers to swap out the conventional multi-layer plastic typically used in the sector. Mondi is dedicated to amplifying sustainability in packaging solutions, and this cooperative venture marks a substantial advancement in achieving that objective.
How Is the Segmentation of the Wrapping Machine Market Defined?
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
Subsegments:
1) By Stretch: Automatic Stretch Wrappers, Semi-Automatic Stretch Wrappers
2) By Shrink: Automatic Shrink Wrappers, Semi-Automatic Shrink Wrappers, Sleeve Shrink Wrapping Machines
3) By Other Types: Vacuum Wrapping Machines, Flow Wrapping Machines, Blister Packing Machines
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What Is the Leading Region in the Wrapping Machine Market?
Asia-Pacific was the largest region in the wrapping machine market in 2024. The regions covered in the wrapping machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Wrapping Machine Global Market Report?
- Market Size Analysis: Analyze the Wrapping Machine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wrapping Machine Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wrapping Machine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wrapping Machine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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