Global Pallet Stretch Wrapping Machine Market, By Product (Turntable, Rotary Arm, Robotic, Others), Machine (Automatic, Semi-Automatic, Speciality), Order Type (Customized, Standard), End User (Food and Beverage, Pharmaceuticals, Consumer Product, Automotive, Paper, Textile, Construction, Chemical) – Industry Trends and Forecast to 2029
Market Analysis and Size
Pallet stretch wrapping machine is a perfect machine for the wrapping pallets which is including ready to be exported in containers and high-cube containers. Also, the stretch film packing is used to protect product against moisture, perforation and against corrosion from sea air, dust etc. The pallet stretch wrapping machine is used in several countries for wrapping the pallets with pre-stretched cling film. It ensures the stability and moisture-proof wrapping of pallets at lowest cost. Optimum wrapping of pallets using extensive film material made by the state-of-the-art "Powered Pre-Stretch Unit" that can stretch the film up to 300%. This sturdy and simple machine can operate constantly under severe industrial environment. Unskilled employees can easily operate this machine in the packing line as the cycle of operation is fully automated.
Data Bridge Market Research analyses that the pallet stretch wrapping machine market was valued at USD 382.89 million in 2021 and is expected to reach USD 561.41 million by 2029, registering a CAGR of 4.90 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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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Product (Turntable, Rotary Arm, Robotic, Others), Machine (Automatic, Semi-Automatic, Speciality), Order Type (Customized, Standard), End User (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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Arpac LLC (U.S.), Youngsun .Com (US), Aetnagroup Spa (Italy), italdibipack S.p.A. (Italy), Wulftec International Inc. (Canada), Fromm Packaging Systems Inc (U.S.), Atlanta Stretch (Italy), Italian trade agency (Italy), Phoenix Wrappers (Canada), Lantech (U.S.), Fhope Packaging Machinery Co.,Ltd. (China), Webster Griffin Ltd. (U.K.), Packway Inc. (U.S.), Jia-in Industry Co. Ltd. (Taiwan), Signode Denmark Aps (U.S.), Slat S.p.A (Italy), Perks Engineering (India)
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Market Opportunities
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Market Definition
Pallet Stretch wrapping machines are basically used to wrap stretch film around a loaded pallet. The film provides extra support while the products are being stored or transported to protect them from spill, tip, or damage. Moreover, wrapped loads can easily be identified and separated. Pallet Stretch wrapping machine is widely used in building materials, chemical industry, electronic industry, home appliances, papermaking foodstuff & drink, etc.
Pallet Stretch Wrapping Machine Market Dynamics
Drivers
- Growing demand in food and beverages industry
For many years, the food and beverage industry has led the global pallet stretch wrapping machines market. The rising demand in food and beverage industry has driven the use of packaging of products which has shipped across the world. The Dynamic transport of food products with no damage or spillage upsurges the demand of pallet stretch wrapping in the market because it stabilize the loads, which are expected to pushed the demand for pallet stretch wrapping machine market
- Rising demand for secure and speedy product delivery
The global pallet stretch wrapping machine sector is growing rapidly due to a growing demand for secure and speedy product delivery. The rising demand for packed products has increased the demand for efficient and stable packaging. The pallet stretch wrapping machine now come in creative features and designs to meet the demand of the customers. It offers stable wrapping for several heavy products. Rising demand for secure and speedy delivery are expected to drive the market growth rate
Opportunities
- Technological advancement
Now, the pallet stretch wrapping machine need more improvement so, the manufacturers are incorporating new techniques and technologies into the machines. The stability quotient, load height and weight are automatically detected by the technologically advanced sensors. The rapid industrialization of the food and beverage industry is primarily responsible for the demand for advanced machines, which are expected to create numerous opportunities for the pallet stretch wrapping machines market to grow..
Restraints/ Challenges
- High cost and less affordability
However, less affordability of the machine by the small enterprise due to less production and high cost is the major reason among others which will act as restraint for the market. High manufacturing costs high Capital costs can also reduce the profits are the major influence in the decision to adopt the packaging technology, such as pallet stretch wrapping machine will further challenge the growth rate of the pallet stretch wrapping machine market.
This 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 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 Pallet Stretch Wrapping Machine Market
The outbreak of COVID-19 pandemic has affected several industries similarly it has also affected the growth of the pallet stretch wrapping machines market. Due to the negative impact during pandemic, due to many restrictions imposed on non-essential products decreased the demand of the products in the market which directly affect the growth of the target market. However, the growing e-commerce sector and online shopping increase the demand of food and beverages, pharmaceutical industries during the pandemic which slightly enhance the growth rate of the pallet stretch wrapping machines market. The ongoing removal of global restrictions is resulting in the steady recovery of the pallet stretch wrapping machines market.
Global Pallet stretch wrapping machine Market Scope
The pallet stretch wrapping machine market is segmented on the basis of products, machine, order type 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.
Product
- Turntable
- Rotary Arm
- Robotic
- Others
Machine
- Automatic
- Semi-Automatic
- Speciality
Order Type
- Customized
- Standard
End User
- Food and Beverage
- Pharmaceuticals
- Consumer Product
- Automotive
- Paper
- Textile
- Construction
- Chemical
Pallet Stretch Wrapping Machine Market Regional Analysis/Insights
The pallet stretch wrapping machine market is analysed and market size insights and trends are provided by country, products, machine, order type and end-user as referenced above.
The countries covered in the 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 pallet stretch wrapping machine market in terms of market share in the forecast period. This is due to the increasing demand for pallet stretch wrapping machine in this region. The Asia-Pacific region leads the pallet stretch wrapping machine market due to the increasing adoption of pallet stretch wrapping machines and availability of several end user industries which require installation of such packaging machinery in this region
During the estimated period, North America is likely to be the fastest developing region due to the increase in e-commerce and growing demand food and beverage industry to transport their products in this 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 Pallet Stretch Wrapping Machine Market Share Analysis
The 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 pallet stretch wrapping machine market.
Some of the major players operating in the pallet stretch wrapping machine market are:
- Arpac LLC (U.S.)
- Youngsun .Com (U.S.)
- Aetnagroup Spa (Italy)
- italdibipack S.p.A. (Italy)
- Wulftec International Inc. (Canada)
- Fromm Packaging Systems Inc (U.S.)
- Atlanta Stretch (Italy)
- Italian trade agency (Italy)
- Phoenix Wrappers (Canada)
- Lantech (U.S.)
- Fhope Packaging Machinery Co.,Ltd. (China)
- Webster Griffin Ltd. (U.K.)
- Packway Inc. (U.S.)
- Jia-in Industry Co. Ltd.(Taiwan)
- Signode Denmark Aps (U.S.)
- Slat S.p.A (Italy)
- Perks Engineering (India)
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