Stretch Wrappers Market Overview
The report is titled as ‘Stretch Wrappers Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Stretch Wrappers market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Stretch Wrappers market is expected to grow with significant rate in the near future.
In 2020, global Stretch Wrappers market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period
Stretch Wrappers Introduction
Stretch wrappers, as the name implies, are essentially utilized for enveloping the commodities to the pallet with stretch film. Stretch wrappers can be basically understood as the differentiated wrapping machinery majorly employed to select and administer pallet scads of random altitudes of varying weight. Products and goods are positioned in the pallets wrapped steadfastly, so that the commodities stay at their locations and do not move throughout the consignment. The stretch wrappers primarily help in packaging the commodities securely further assisting in mitigating product loss, dissuading load tampering, and decreased worker injury. In addition, these machines are available in automatic as well as semi-automatic patterns.
Notably, the automated stretch wrappers are usually of types such as rotary arm, turntable, ring and robotic. The heavy adoption of rotary arm and turntable type stretch wrappers from food & beverage industries have considerably accelerated the growth of the global stretch wrappers market.
Stretch Wrappers Market Segmentation
The global stretch wrappers market is segmented on the basis of machine, technology, phase, end use industries, and region.
By Machine
Straddle Wrapper
Ringer or Orbital Wrapper
Ring Straddle Wrapper
By Technology
Semi-Automatic
By Phase
3 PHASE
By End Use Industries
Pharmaceutical
Consumer Goods
Construction
Chemical
Automotive
Industrial
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Stretch Wrappers Market Key Players
Some of the key participating players in global Stretch Wrappers market are:
AVI International
Lantech
Robopac USA
AAREM Engineering
Wulftec International Inc.
Alligator Automations
PENGUIN ENGINEERS
Aetnagroup Spa
Cousins Packaging Inc.
Phoenix Wrappers, Inc.
Reo-Pack A/S
Millwood, Inc.
Signode Industrial Group LLC
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Stretch Wrappers
Advantages of Stretch Wrappers
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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The stretch wrappers market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in stretch wrappers market.
The global stretch wrappers market is segmented on the basis of machine, technology, phase, end use industries, and region.
some of the key participating players in the stretch wrappers market globally are Orion Packaging Systems LLC, AVI International, Lantech, Robopac USA, AAREM Engineering, Wulftec International Inc., Alligator Automations, PENGUIN ENGINEERS, Aetna Group Spa, Cousins Packaging Inc., Phoenix Wrappers, Inc., Reo-Pack A/S, Millwood, Inc., Signode Industrial Group LLC, among others.