(MENAFN- America News Hour) Introduction to
Shrink Wrapping Machines
Shrink wrapping machines are primarily used for the packaging of the various products. It also provides transparency of the packaged content. The shrink wrapping is the process that involves the application of the temperature sensitive films. The shrink wrapping machines offers the configuration functionality that is required to address the packaging requirements of the various products. It helps to keeps the product clean and makes it temper resistant.
The shrink wrapping machine can be used for the wrapping of
overwrap on pallet loads boxes, cartons and beverage cans. It can also be used
for the covering of the food items such as meats, cheese and vegetables.
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Market Size and
Forecast
The low operational cost associated with the packaging
coupled with the increasing demand for the better packaging solution on the
account of increasing disposable income of the population across the globe is
anticipated to be the major reason driving the growth of the global shrink
wrapping machines market. Additionally, the increasing demand for the better
transportation of the goods and material is also major reason supporting the
growth of the global shrink wrapping machines market.
The global shrink wrapping machines market can be segmented
on the basis of type and end-use industry. On the basis of type, it is
sub-segmented into automatic and semi-automatic. Automatic sub-segment is
anticipated to be the fastest developing sub-segment during the forecast
period. The growing technological development across the globe is anticipated
to be the major reason promoting the growth of the sub-segment during the
forecast period. On the basis of the end-use industry, it is sub-segmented into
pharmaceutical industry, food and beverage industry and logistics industry.
Growth Drivers:
Increasing Demand for
the shipment of the products
The increasing demand for the better packaging of the
products so that it can be sustained for a long time is anticipated to be drive
the global shrink wrapping machines market during the forecast period.
Enables complex
packaging
The shrink wrapping machines enables the complex packaging
of the products with different shapes and size. It provides trouble free and
efficient operation. Additionally, the various technological development
associated with the shrink wrapping machines is anticipated to drive the market
growth of the global shrink wrapping machines market.
Key Players
3M, Texwrap Packaging Systems, Tripack, PDC International Corp, Standard-Knapp, Inc., Kliklok-Woodman, PakTech, Massman Automation Designs, LLC,, Eastey Enterprises, Gebo Cermex, Axon, Duravant, Arpac LLC and others
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Market Segmentation
Our-in depth analysis
of the global shrink wrapping machines market includes the following segments:
By Type:
By End-Use Industry:
- Pharmaceutical industry
- Food and beverage industry
- Logistics industry
By Region
On the basis of regional analysis, global shrink wrapping
machines market is segmented into five major regions including North America,
Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia-Pacific is anticipated to hold the largest market share for the global
shrink wrapping machines market during the forecast period. The rising
expansion of the food industry is anticipated to be major reason driving the
growth of the Asia-Pacific shrink wrapping machines market. For instance, total
production of the cereals in 2016-17 was 2613.410 whereas in 2017-18 it
increased to 2657.865. Thus, increasing production of the food products is
anticipated to major factor driving the growth of the Asia-Pacific region
during the forecast period. Europe is anticipated to robust growth during the
forecast period. The increasing demand for the packaging solutions for food
products is anticipated to be the major factor driving the growth of the Europe
shrink wrapping machines market during the forecast period.
Global shrink
wrapping machines market is further classified on the basis of region as
follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.
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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
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Darlene Dooley ![]( www.gravatar.com/avatar/203cf1b03a4480c304a711367a11453f?s="70&r=g&d=mm)
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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