What is Global Stretch Wrapper Market?
The Global Stretch Wrapper Market is a vast and dynamic sector that encompasses a wide range of products and services. It refers to the global market for stretch wrapping machines, which are used to wrap stretchable plastic film around items. The elasticity of the film keeps the items tightly bound, making it an essential tool in various industries for packaging purposes. In 2023, the market was valued at US$ 936 million and it's projected to grow steadily, reaching an estimated value of US$ 1140.2 million by 2030. This growth is driven by the increasing demand for efficient packaging solutions across various sectors.
Manual Stretch Wrapper, Semiautomatic Stretch Wrapper, Automatic Stretch Wrapper in the Global Stretch Wrapper Market:
The Global Stretch Wrapper Market is segmented into Manual Stretch Wrapper, Semiautomatic Stretch Wrapper, and Automatic Stretch Wrapper. Manual stretch wrappers require human intervention to attach the film to the pallet and rotate the pallet manually. Semiautomatic stretch wrappers, on the other hand, require human intervention only to attach and cut the film, while the rotation of the pallet is automated. Automatic stretch wrappers are fully automated and require no human intervention. The choice between these types depends on the volume of goods, the level of automation required, and the budget. Major players in this market include Aetna Group, Lantech, FROMM, Maillis, and Atlanta Stretch, collectively accounting for about 50% of the market.
Food & Beverage, Pharmaceutical, Consumer, Construction, Chemical, Automotive, Industrial in the Global Stretch Wrapper Market:
The Global Stretch Wrapper Market finds its application in various sectors such as Food & Beverage, Pharmaceutical, Consumer, Construction, Chemical, Automotive, and Industrial. In the Food & Beverage industry, stretch wrappers are used to ensure the safe transportation of goods, preventing damage and contamination. The Pharmaceutical industry uses these machines for the secure packaging of medicines, ensuring their safety and integrity. The Consumer sector uses stretch wrappers for the packaging of various goods, ensuring their safe delivery to the end-users. In the Construction industry, these machines are used to bundle and secure construction materials. The Chemical industry uses stretch wrappers to safely package hazardous materials, while the Automotive and Industrial sectors use these machines for the secure packaging of parts and products.
Global Stretch Wrapper Market Outlook:
Looking at the market outlook, the Global Stretch Wrapper Market was valued at US$ 936 million in 2023. It is expected to witness a steady growth, reaching an estimated value of US$ 1140.2 million by 2030, with a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period from 2024 to 2030. 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 share is held by the Asia-Pacific region, accounting for over 33% of the global market.
| Report Metric | Details |
| Report Name | Stretch Wrapper Market |
| Accounted market size in 2023 | US$ 936 million |
| Forecasted market size in 2030 | US$ 1140.2 million |
| CAGR | 2.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Signode Industrial Group, Webster Griffin, M. J. Maillis Group, Packway, ProMach, Italdibipack, Hangzhou Youngsun Intelligent Equipment, AETNA Group, ARPAC, Lantech, Technowrapp, Cousins Packaging, Berran Industrial Group, G.G. Macchine, Krishna Engineering Works |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
