Stretch Wrappers Market Segmented By Turntable, Rotary Arm, Robotic Product in Manual, Semiautomatic, Automatic Automation Level
By the end of 2018, the market for stretch Wrappers is anticipated to be worth US$ 758.1 million, and by the end of 2026, it is anticipated to be worth US$ 1,356.0 million, growing at a CAGR of 7.5%. The market is expected to reach US$ 597.8 Mn between 2018 and 2026.
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Since it was initially introduced to the market, stretch wrapping technology has seen a continual evolution. Stretch wrap machines have undergone a transformation into more complex engines powering automation in the worldwide packaging sector thanks to smart technology and quick production processes. Modern stretch wrap machines ensure that the least amount of material is needed to cover the goods being loaded because they are built with bespoke patterns. As a result, there will be a decrease in materials, prices, and load damage, increasing operating efficiency.
Stretch wrap machine adoption is changing quickly across many industries, and as a result, sales in the global market are increasing. This is being attributed to technological advancements. According to a recent study by Persistence Market Research, there will be 231,810 stretch wrappers in use worldwide by the end of 2026.
Companies
- Signode Industrial Group LLC
- Webster Griffin Ltd.
- M. J. Maillis Group
- Packway Inc.
- ProMach Inc.
- Italdibipack SpA
- Hangzhou Youngsun Intelligent Equipment Co., Ltd.
- AETNA Group SpA
- ARPAC LLC
- Lantech
- Technowrapp Srl
- Cousins Packaging Inc. and more
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Excessive Market Fragmentation to Push Manufacturers to Devise Strong Supply Chain and Pricing Strategies
The global stretch wrap machines market is highly fragmented on account of the presence of a large number of small and medium scale manufacturers spread across key geographies. This fragmentation is fueling the need for future ready growth strategies especially in terms of an efficient global supply chain and enhanced retail networks to reach the end consumer.
Manufacturers are also making strategic modifications to their pricing strategies. Price optimization along with an enhanced product portfolio is critical to augment market share in the global market and manufacturers are fast moving along this route. Launching application specific products with a dedicated focus on research and development initiatives for product innovation has become the norm in the global stretch wrap machines market. Long-term supply relationships with key end-use industries is another growth strategy being adopted by manufacturers of stretch wrap machines to cement their footing in the global market.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Stretch Wrappers Market Manufacturers
Stretch Wrappers Market Distributors/Traders/Wholesalers
Stretch Wrappers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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