What is Global Stretch Wrappers Market?
The Global Stretch Wrappers Market is a vast and dynamic sector that encompasses a wide range of products and services. Stretch wrappers are machines used in packaging industries to wrap stretch film around a loaded pallet. The film provides extra support while the products are being transported & stored to protect them from tip, spill or from being damaged. The global market for these machines is substantial and continues to grow, with a value of US$ 936 million in 2022. It is projected to reach US$ 1219 million by 2029, indicating a steady growth pattern. This growth is driven by a variety of factors, including technological advancements, increased demand for packaged goods, and the need for efficient and cost-effective packaging solutions.
Semi-Automatic Stretch Wrappers, Automatic Stretch Wrappers in the Global Stretch Wrappers Market:
The Global Stretch Wrappers Market is segmented into two main categories: Semi-Automatic Stretch Wrappers and Automatic Stretch Wrappers. Semi-Automatic Stretch Wrappers require human intervention to apply the film and cut it off when the wrapping cycle is complete. They are typically used in low to medium volume applications. On the other hand, Automatic Stretch Wrappers are fully automated and require no human intervention once the load is placed on the turntable. These machines are typically used in high volume applications where efficiency and speed are paramount. The major players in the global stretch wrappers market include Aetna Group, Lantech, FROMM, Maillis, Atlanta Stretch, and others, collectively accounting for about 50% of the market.
Food and Beverage, Consumer Goods, Industrial, Pharmaceutical, Others in the Global Stretch Wrappers Market:
The Global Stretch Wrappers Market finds its application in various sectors including Food and Beverage, Consumer Goods, Industrial, Pharmaceutical, and others. In the Food and Beverage industry, stretch wrappers are used to package a wide variety of products, from fresh produce to canned goods, ensuring they are securely wrapped for transportation and storage. In the Consumer Goods sector, these machines are used to package products such as electronics, appliances, and furniture. In the Industrial sector, stretch wrappers are used to package large, heavy items such as machinery and equipment. In the Pharmaceutical industry, these machines are used to package medicines and other healthcare products. Despite the varied applications, the most common usage of stretch wrappers is in the food and beverage industry, accounting for over 30% of the market.
Global Stretch Wrappers Market Outlook:
The Global Stretch Wrappers Market outlook is promising. The market was valued at US$ 936 million in 2022 and is expected to reach US$ 1219 million by 2029, growing at a CAGR of 3.8% during the forecast period 2023-2029. The major players in this market, including Aetna Group, Lantech, FROMM, Maillis, and Atlanta Stretch, collectively account for about 50% of the market. The largest market for stretch wrappers is Asia-Pacific, which holds over 33% of the market share. The largest segment in this market is automatic stretch wrappers, which hold over 55% of the market share. The most common application of stretch wrappers is in the food and beverage industry, which accounts for over 30% of the market.
| Report Metric | Details |
| Report Name | Stretch Wrappers Market |
| Accounted market size in 2023 | US$ 974.6 million |
| Forecasted market size in 2029 | US$ 1219 million |
| CAGR | 3.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Aetna Group, Lantech, FROMM, Maillis, Atlanta Stretch, Muller, Youngsun, Wulftec, Highlight Industries, Phoenix Wrappers, Orion, Arpac (Nvenia), Tosa, Cousins Packaging, Yuanxupack, Technowrapp, Reiser, Nitech IPM, Fox Packaging Services, Kete |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
