The packaging industry has grown by leaps and bounds in the last few years, especially the post-Covid era, to avoid any contaminations through touch. The food and beverages vertical is the highest consumer of stretch wrap machines as end-consumers, despite curbs getting lifted, prefer to get parcels. Also, the growing number of the working class is full-on with the consumption of ready-to-eat food. This is another factor driving the demand for stretch wrap machines.
Besides, there are temperature-sensitive and critical pharmaceutical products like drugs, vaccines, and various other medicines that need proper packaging for averting contamination. This is another sector calling for stretch wrap machines.
Cosmetics and personal care also need flawless packaging, especially during long-distance transportation. Persistence Market Research has highlighted these findings along with probable calls to action in its latest market study entitled “Stretch Wrap Machines market”. It has its macro as well as micro factors to look through the market.
Stretch Wrap Machines Market Segregation
The global stretch wrap machines market, by product type, spans rotary arm, turntable, robotic, and likewise. By automation level, it’s semi-automatic, automatic, and manual. By end-user, it’s pharmaceutical, food & beverages, consumer, construction, chemical, automotive, and industrial. Persistence Market Research has, with its team of analysts and consultants, given an eagle-eye view of the expanse of stretch wrap machines through its market study entitled “Stretch Wrap Machines Market”.
Region-wise Analysis
North America holds the largest market share, followed by Europe and the Asia-Pacific. The third region is expected to witness the most topsy-turvy situation with growth in infrastructure. LATAM and MEA are expected to catch up going forward. Persistence Market Research has tried to plumb the depth herein through its latest market study entitled “Stretch Wrap Machines Market”.
Competitive Landscape
Persistence Market Research has profiled the key players in the stretch wrap machines market as Signode Industrial Group LLC, Webster Griffin Ltd., M.J. Mallis Group, Packway Inc., ProMach Inc., Italdibipack SpA, Hangzhou Youngsun Intelligent Equipment Co., Ltd., AETNA Group SpA, ARPAC LLC, Lantech, technowrapp Srl, Cousins Packaging Inc., Berran Industrial Group, Inc., G.G. Macchine S.r.l., Krishna Engineering World Ltd., and likewise. These players are actively engaged in ways of expansion like a new product launch, mergers, acquisitions, partnerships, joint ventures, and likewise.
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What’s with the Future?
The global stretch wrap machines market is bound to grow on a stellar note in the next 10 years – Persistence Market Research
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