March 31, 2020

Pallet Stretch Wrapping Machines Market drivers detailed in a new research report

The global market for pallet stretch wrapping machines is projected to reach a value of US$ 365.0 million in 2018 and is set to grow with a CAGR of 5.4 per cent during the forecast period.

The global market for pallet stretch wrapping machines is strongly driven by increasing demand for safe product packaging that drives the market. Moreover, increasing consumer demand for the safe delivery of goods is also a driving factor for the growth of the market. There are a number of industries currently using pallet stretch wrapping machines to deliver the final product to users in good condition by reducing the risk of product damage.

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In addition, the increasing demand for machines capable of delivering a product with well-organized packaging protects the goods from damage and from the safe loading of different types of products by reducing human labor. These machines also enhance the performance of packed goods, increasing global demand for pallet stretch wrapping machines. In addition, these machines require minimal operator intervention.

Semi-automatic machines, based on the machine type, dominate the segment due to the early adoption of the machines and their low cost compared to automatic machines. Semi-automatic machines account for more than 55% of the market. However, automatic machines are expected to be the fastest-growing segment due to their ability to reduce human effort and increase word efficiency by reducing time and error.

The European region has the second-largest market due to the presence of various automotive, retail, manufacturing, chemical, consumer and other industries that drive the market in the region. The region is expected to grow with a CAGR of 4.9% over the forecast period. In addition, the adoption of automatic pallet wrapping machines is in high demand as it reduces human effort and time.

Some of the prominent players operating in the pallet stretch wrapping machines market includes 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.

Key questions answered in this report

  • What was the market size of pallet stretch wrapping machines in 2018 and forecast up to 2027?
  • Which is the largest regional market food & beverage in end-use segment?
  • What are the major trends followed in pallet stretch wrapping machines market across different regions?
  • Who are the key pallet stretch wrapping machines companies leading the market?
  • What are the key strategies adopted by the leading pallet stretch wrapping machines companies in market?

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