The global stretch wrappers market is all set to witness a linearly progressive simulation, reaching US$ 710.4 Mn by the year 2031 at a CAGR of 5.6%.
Stretch wrappers, as the name suggests, are basically used for wrapping the goods to the pallet with stretch film. Stretch wrappers are specialized wrapping machines used to pick and handle pallet loads of random heights of variable weight. Goods and products are placed on the pallets wrapped firmly, so that the goods remain at their positons and don’t move during the shipment.
Some of the most celebrated companies operating in the market are eyeing on existing opportunities. For instance, with its SILKWORM, a patented robotic stretch wrapper technology and an output ranging from 85 to 200 pallets/hour, BEMA S.r.l. has become an established reality in the international market. It has truly modernized the concept of stretch wrapping.
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Effective packaging is considered imperative across industries since their revenue wholly depends on the conditions of the product delivered. Millions of dollars have been spent by various manufacturers over the last few decades in the research and development of innovating new technologies, which will help reducing the use of manual labor. According to Future Market Insights (FMI), focus on advanced packaging techniques will rise in the future, paving way for the expansion of the stretch wrappers market.
With the introduction of robotic arms in the packaging industry, manufacturers are nowadays seeing a rise in efficiency with a reduction in labor costs. The technology can also help the save time. As more businesses recognize the advantages of advanced technologies, the demand for stretch wrappers will rise, enabling the market to exhibit a CAGR of 5.8% in terms of value between 2021 and 2031.
Investment in technological upgrades will continue rising, as the demand for stretch wrappers grows in food & beverages, pharmaceuticals, and tissues industries. As per FMI, the food and beverages sector will remain the chief end user, especially since ensuring that hygienic and quality food reaches consumers is of paramount importance.
Key Takeaways from Stretch Wrappers Market
“As a result of industries inclining towards the adoption of atomized packaging systems, the demand for stretch wrappers will rise. Choosing the right stretch wrapper can enhance customer satisfaction as well as help businesses save cost incurred on packaging processes. With more businesses realizing these benefits, the demand for stretch wrappers is expected to rise,” says FMI analyst.
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Automatic Stretch Wrappers Become Highly Sought-after to Prevent Damage in Transit
The packaging sector has expanded over the last couple of years to provide better solutions to its clientele. However, a few millions of dollars of losses are incurred to the product manufacturers every year due to poor packaging in transit, which causes a tremendous effect on profit margins. Most destruction occurs as trucks springs down the roads during turbulent journeys and loads are transported between trucks at storehouses or distribution centres.
Wrapping food and pharmaceutical products with the right quantity of stretch wrap films is the best safety against in-transit load crashes. Automatic stretch wrappers can be an operative equipment to preserve high-value goods on the pallet and accurately labelled for distribution.
By firmly wrapping the loads, automatic stretch wrappers can easily protect the products against lengthy transit damages. Also, these automatic stretch wrappers helps in consuming lesser stretch film and helps in keeping lightweight structure of the pallet. Due to which, now extra loads will carried while prolonged road transportations.
Stretch Wrappers Market Landscape
are the prominent players in the stretch wrappers market.
The Tier 3 players in the market hold 50-60% in the global stretch wrappers market. In conclusion, key players contribute almost 40-50% of the global demand.
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Key Segments Covered in Stretch Wrappers Industry Research
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