Pallet Stretch Wrapping Machines Market By Machine Type (Automatic, Semi-Automatic), By Order Type (Customized, Standard), By End-Use (Food & Beverages, Pharmaceutical, Energy & Utility, Consumer Products, Automotive, Paper, Textile, Construction, Chemical & Fertilizers, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Rising Demand of Good Packaging Machines from Food and Beverage Industries is Driving Pallet Stretch Wrapping Machines Market

Globally, the pallet stretch wrapping machines market is expected to grow with a CAGR of 5.4% during the forecast period from 2019 to 2027 and was recorded to have a market value of US$365.0 Mn in 2018. Pallet stretch wrapping machines are used for wrapping goods with the pallet. The goods are placed upon the pallet and are wrapped together, which increases the safety of the goods while shipping. Additionally, the pallet provides support to the products and the items, which reduces the safety issues while transporting the material.

There are various factors driving the market, one of which is increasing demand from the food and beverage industry for the pallet-wrapping machine. The food and beverage industry is growing rapidly with increasing delivery services and safety issues concerning stale food that needs effective packaging. In addition, the products can be damaged while transporting due to unstable wrapping. Therefore, the demand for the pallet stretch wrapping machine is increasing, which leads to driving the market.

Market Synopsis

Pallet Stretch Wrapping Machines with Food & Beverage its End-Use Segment Continue Dominating the Market

In 2018, the food & beverage segment, which accounted for more than 1/4th market share of the overall market, led the overall pallet stretch wrapping machines market. The food and beverage industries are growing at a rapid rate due to the high demand for food products geographically. Therefore the food products are needed to be shipped properly from one region to another to reduce the losses and damage caused during transportation. Therefore, pallet stretch machines are used by the food & beverage industries.

Asia-Pacific Dominates the Market by Region

The global pallet stretch wrapping machines market is led by Asia-Pacific due to increasing manufacturing, healthcare, automotive, consumer products, textile, chemicals, and other industries in the region, which requires the machines to pack the whole system or the product over the pallet. As a result, the region acquires more than 30% of the market share. The wrapping of pallets and products together increases the safety of the product. Additionally, various key players in the region are investing in developing new technology and product.

Some of the prominent players operating in the pallet stretch wrapping machines market include Arpac LLC, Hangzhou Youngsun Intelligent Equipment Co. Ltd., Robopac SPA, Italdibipack S.p.A., Wulftec International Inc., Fromm Packaging Systems, Inc., Atlanta Stretch Spa, Tosa s.r.l., Phoenix Wrappers, Inc., Lantech, Inc., Fhope Packaging Machinery Co., Ltd, Webster Griffin Ltd., Packway Inc., and Jia-in Industry Co., Ltd.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The pallet stretch wrapping machines market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global pallet stretch wrapping machines market based on machine type, end-use, order type, and geography.

Key segments covered in the report are as follows:

Segmentation Machine Type Segment (2017–2027; US$ Mn)

• Automatic
• Semi-Automatic

 End-Use Segment (2017–2027; US$ Mn)

• Food & Beverages
• Pharmaceutical
• Consumer Products
• Automotive
• Paper
• Textile
• Construction
• Chemical & Fertilizers
• Others

 Order Type Segment (2017–2027; US$ Mn)

• Customized
• Standard

 Geography Segment (2017–2027; US$ Mn)

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and the Rest of Europe)
• Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)

Unique data points of this report

• Statistics on pallet stretch wrapping machines penetration and spending worldwide
• Recent trends across different regions in terms of adoption of pallet stretch wrapping machines for various end-use.
• Notable developments going on in pallet stretch wrapping machines market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently asked questions :