Stretch Wrappers Market Will Have Grown At A CAGR Of 5.6% by 2031 | Demand, Competition, Investment Opportunities

The global stretch wrappers market is expected to see a linearly progressive simulation, with a CAGR of 5.6 percent reaching US$ 710.4 Mn by 2031.

Stretch wrappers, as their name implies, are used to wrap goods around pallets with stretch film. Stretch wrappers are specialised wrapping devices for picking and handling pallet loads of varying heights and weights. The items and supplies are securely wrapped on the pallets so that they stay in place and do not move during the shipment.

Existing prospects are attracting the attention of some of the market’s most well-known organisations. BEMA S.r.l., for example, has established itself in the international market with its SILKWORM, a patented robotic stretch wrapper technology with an output ranging from 85 to 200 pallets/hour. It has revolutionised the stretch wrapping concept.

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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

1. Stretch wrappers market will consistently expand to reach a valuation of US$ 710 Mn by 2031
2. Focus on automation will fuel the demand for robotic stretch wrappers across industries in the U.S.
3. The expanding pharmaceutical sector of the U.K. will emerge as a key end user
4. Germany and France will remain highly lucrative markets for stretch wrappers sales within Europe. Rising demand for effective food and pharmaceutical packaging will aid growth
5. China’s bustling food service sector will present a highly attractive market for stretch wrappers sales

“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

• Phoenix Wrappers, Inc.
• Reo-Pack A/S
• Lantech, Inc.
• Orion Packaging Systems LLC.
• Millwood, Inc.
• Signode Industrial Group, LLC
• Aetnagroup S.p.A.
• Wulftec International Inc.
• ARPAC LLC
• Cousins Packaging, Inc.
• Atlanta Stretch Spa
• UNITECH SRL
• BEMA SRL
• Innova Maquinaria Industrial S.L
• Tosa spa
• DNC packaging Machinery
• Movitec Wrapping Systems, SL
• Strema B.V.
• PAGLIERANI s.r.l.
• FROMM Group
• Matco International Gevelsberg GmbH
• Messersì Packaging S.r.l.
• ATECMAA PACKAGING
• Technowrapp srl
• Rees Machinery Group Ltd
• Hangzhou Youngsun Intelligent Equipment Co., Ltd.
• K M Trivedi Engineering Pvt. Ltd.
• Easypac Systems
• Multi Pack Machinery Company
• PACKWAY INC

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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Why buy this report?

• The report offers a comprehensive evaluation of the Global Stretch Wrappers Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model. The impact of Covid-19 on the market is also featured in the report.
• The latest industry analysis And survey on Stretch Wrappers provides sales outlook in 30+ countries, across key categories. Insights and outlook on Stretch Wrappers market drivers, trends, competitive analysis and research methodology and influencing factors are also included in the study.

Key Segments Covered in Stretch Wrappers Industry Research

Machine Type

• Turntable
• Ring
• Robotic
• Rotary Arm

Order Type

• Customized
• Standard
• End-use
• Food & Beverages
• Pharmaceuticals
• Tissue

Region

• North America
• Latin America
• Asia Pacific Excluding Japan (APEJ)
• Western Europe
• Eastern Europe
• Middle East and Africa (MEA)
• Japan