Global Automatic Pallet Stretch Wrapping Machine Market, By Order Type (Customized, Standard), Product (Turntable, Rotary Arm, Robotic, Others), End-Use (Food and Beverage, Pharmaceuticals, Consumer Product, Automotive, Paper, Textile, Construction, Chemical) – Industry Trends and Forecast to 2029
Market Analysis and Size
The global automatic pallet stretch wrapping machines market may have witnessed a steady growth during the forecast period , due to the huge demand for compact products, space saving and flexible packaging. Automatic pallet stretch wrapping involves product wrapping the assemblage and stacking on the pallet. Automatic pallet stretch wrapping machines aid in the picking and handling of pallet loads of varying heights and weights. This wrapping technology supports the items in such a way that product displacement does not occur during shipment or transportation.
Data Bridge Market Research analyses that the automatic pallet stretch wrapping machine market was valued at USD 157.20 million in 2021 and is expected to reach USD 228.74 million by 2029, registering a CAGR of 4.80 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Order Type (Customized, Standard), Product (Turntable, Rotary Arm, Robotic, Others), End-Use (Food and Beverage, Pharmaceuticals, Consumer Product, Automotive, Paper, Textile, Construction, Chemical)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Market Opportunities
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Market Definition
Automatic pallet stretch wrappers are commonly an alternative of a semi-automatic system. Automatic wrappers include a conveyor system that automatically load the wrapping machine and automatic systems to seal, apply, and cut the film. An automatic stretch wrapping machine automatically does everything. Through roller conveyors it carries a pallet to the wrap zone. Once the machine is done their wrapping, it sends it to the end of the packaging line down the exit conveyor. The next pallet is shifted to the wrap zone, and the process repeats again and again.
Automatic Pallet Stretch Wrapping Machine Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in demand due to reliability
Automatic pallet stretch wrapping machines ensure that your products remain safe during arrival and safely transit at their target. The machine will stretch the film more than can be done manually, getting the most out of your stretch film investment. Due to the reliability factor, the growth of the market might be increases.
- Increasing demand from food and beverages industry
The food and beverage industry has led the global automatic pallet stretch wrapping machines market for many years. The growing demand of food and beverage industry has driven the use of packaging of products which has shipped overall the globe. Dynamic shipping of food products with no damage or spillage increases pallet stretch wrapping in the market as they stabilize the loads, which are expected to pushed the demand for automatic pallet stretch wrapping machines.
- Growing demand for speedy and secure product delivery
The global pallet stretch wrapping machine market is quickly expanding as a result of increased demand for quick and secure product delivery, packed products, and efficient and stable packaging. Pallet stretch wrappers are available with fresh and innovative features and designs to fulfil the needs of clients. It provides convenient and robust wrapping for a variety of heavy objects and accounts for product unitization.
Opportunities
- Rise in product innovations
Growing wrapping standards, suppliers and manufacturers used automatic machines for wrapping which offers sophisticated test labs for test analysis. The latest machines are prepared with sensors to detect height and scale to find load weight. These innovations help in the increasing demand for the automatic pallet stretch wrapping machine.
Restraints/ Challenges
However, less affordability of the device by the small enterprise due to low production and high price is the major aspect among others which will act as market restraint High manufacturing costs can translate into reduced profits. Capital costs are a major influence in the decision to adopt packaging technology, such as automatic pallet stretch wrapping machine will further challenge the growth rate of the automatic pallet stretch wrapping machine market.
This automatic pallet stretch wrapping machine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automatic pallet stretch wrapping machine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automatic Pallet Stretch Wrapping Machine Market
In 2019, a coronavirus epidemic occurred, resulting in a global pandemic of COVID-19. During the COVID-19 pandemic, several industries of the automatic pallet stretch wrapping machines market like construction, textile, and chemical among others were rigorously impacted. Due to the negative impact, the automotive resulted from restrictions imposed on non-essential products, which decreased the demand for these products from the market. However, the spike in need for automatic pallet stretch wrapping machines in the food and beverages, pharmaceutical sector during the pandemic considerably reduced the growth rate of the automatic pallet stretch wrapping machines market. The ongoing removal of restrictions imposed overall the globe is resulting in the steadfast recovery of the automatic pallet stretch wrapping machines market.
Global Automatic Pallet Stretch Wrapping Machine Market Scope
The automatic pallet stretch wrapping machine market is segmented on the basis of order type, products and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Order Type
- Customized
- Standard
Products
- Turntable
- Rotary Arm
- Robotic
- Others
End-Users
- Food and Beverage
- Pharmaceuticals
- Consumer Product
- Automotive
- Paper
- Textile
- Construction
- Chemical
Automatic Pallet Stretch Wrapping Machine Market Regional Analysis/Insights
The automatic pallet stretch wrapping machine market is analysed and market size insights and trends are provided by country, order type, products and end-user as referenced above.
The countries covered in the automatic pallet stretch wrapping machine market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the automatic pallet stretch wrapping machine market in terms of market share and revenue during the forecast period. This is due to the increasing demand for automatic pallet stretch wrapping machine in this region. The Asia-Pacific region leads the automatic pallet stretch wrapping machine market, with China leading the way in terms of increasing manufacturing, textile, healthcare, automotive, consumer products, chemicals and other industry in this region Due to the ease of increasing industrial demand , China is leading the Asia-Pacific market.
During the projected period, North America is expected to be the fastest developing region due to the rising demand in the food and beverages and the pharmaceutical sector.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automatic Pallet Stretch Wrapping Machine Market Share Analysis
The automatic pallet stretch wrapping machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automatic pallet stretch wrapping machine market.
Some of the major players operating in the automatic pallet stretch wrapping machine market are:
- Arpac LLC (US)
- Youngsunpack.com (US)
- Aetnagroup Spa (Italy)
- Italdibipack S.p.A.(Italy)
- Wulftec International Inc. (Canada)
- Fromm Packaging Systems Inc (US)
- Atlanta Stretch (Italy)
- Italian trade agency (Italy)
- Phoenix Wrappers (Canada)
- Lantech (US)
- Fhope Packaging Machinery Co.Ltd. (China)
- Webster Griffin Ltd.(UK)
- Packway Inc.(US)
- Jia-in Industry Co. Ltd. (Taiwan)
- Signode Denmark Aps (US)
- Slat S.p.A (Italy)
- Perks Engineering (India)
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