According to Stratistics MRC, the Global Shrink Wrapping Machine Market accounted for $XX million in 2016 and is expected to reach $XX million by 2022 growing at a CAGR of XX% from 2016 to 2022. The shrink wrapping machines market growth is linked with the demand for packaging products meant for longer shipping period. The demand for transportation and shipping of products to cover expanded geographic customer base, increase in the disposable income of the consumers in the developing nations and low operational cost of Shrink wrapping machines are some of the factors driving the shrink wrapping machines market. However the huge capital investment required for these machines is a key factor restraining the shrink wrapping machines market.
Presently, Asia Pacific accounts for the largest share of the shrink wrap packaging system market, attributed to the growing food industry in this region. Europe is also anticipated to be a key revenue contributor because of the growing meat market and other rising packaging requirements of frozen food items in the countries such Germany and Italy. Moreover, the Latin America is also expected to grow at a quick rate. Shrink wrapping machine market is at a nascent stage in MEA region.
Some of the key players in the market include Tripack, Texwrap Packaging Systems, Standard-Knapp, Inc., PDC International Corp, PakTech, Massman Automation Designs, LLC, Kliklok-Woodman, Gebo Cermex, Eastey Enterprises, Duravant, Axon, 3M Company and Arpac LLC.
End Users Covered:
- Food and beverage
Machine Types Covered:
- North America
- ·Rest of Europe
- Asia Pacific
- ·New Zealand
- ·Rest of Asia Pacific
- Rest of the World
- ·Middle East
- ·South Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements