Global Wrapping Equipment Market to Grow at a CAGR of 6.40% During the Period 2017 - 2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Wrapping Equipment Market 2017 - 2021” research report to their website www.MarketResearchReports.com

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Lewes, DE -- (SBWire) -- 05/01/2017 --Report forecast the global wrapping equipment market to grow at a CAGR of 6.40% during the period 2017-2021.

Wrapping machine is an automatic or semi-automatic machine used to wrap mass product articles (such as biscuits, chocolates, and others) and large bag articles (such as pet food and cement), as well as aid in palletizing across industries. The report covers only secondary wrapping of large bundled products using stretch and shrink wrapping equipment. The stretch and shrink secondary wrapping segment is growing steadily, because it requires less space in a warehouse compared with corrugated boxes, which is a popularly used across end-users.

A single pallet wrapping can hold as much as the 16 packs of corrugated boxes. The price of stretch and shrink films is another key contributing factor aiding the growth of this market. The raw materials used for stretch and shrink wrapping are stretch and shrink films, which are cheaper compared with the raw materials used for other forms of wrapping.

The report covers the present scenario and the growth prospects of the global wrapping equipment market for 2017-2021. To calculate the market size, the report covers only secondary wrapping using stretch and shrink wrapping equipment.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in market is demand for technology upgrade and robotics in wrapping equipment. Initially, the end-of-line packaging was carried out manually; gradually, this was replaced with semi-automated and fully automated machinery. As customer requirements are evolving rapidly, manufacturers are demanding fully automated high-speed wrapping machines with increased throughput, along with high versatility (suitable for different size packages) and user-friendly nature. To cater to the varying needs of customers, vendors are coming up with the updated servo technology. Servo control offers greater dwell time to all types of films, making the films tolerant to extended heat transfer over a prolonged period. This servo control helps wrapping equipment to adopt almost all kind of films with different parameters. It adopts the film with a wider range of gauge thickness, innovative coating with aroma barriers, and multi-player co-extrusions for reverse printing.

Further, the report states that one challenges in market is threat of substitutes. The alternatives to plastic stretch films are being developed to cut down on material cost and reduce the environmental effect. For instance, Pallet Wrapz, a US-based company has developed a mesh-based tertiary packaging product named Pallet Wrapz. It is available in different sizes and for different palletizing purposes. Pallet Wrapz is reusable in nature. These wraps are easier and quicker to wrap and unwrap manually, consuming much lesser time. This eliminates the cost incurred for the installation of stretch and shrink machinery, as well as the cost involved in the purchase of shrink and stretch films.

Global Wrapping Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global wrapping equipment market: ARPAC, BEUMER, Mollers North America, and Pro Mach.

Other Prominent Vendors in the market are: Phoenix, Signode, Wulftec, Sealed Air, and Lachenmeier.

Market driver
- Demand for technology upgrade and robotics in wrapping equipment.
- For a full, detailed list, view our report

Market challenge
- Economies of scale for small vendors.
- For a full, detailed list, view our report

Market trend
- Stretch and shrink wrapping as an emerging substitute for corrugated boxes.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 25 Exhibits "Global Wrapping Equipment Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Market segmentation by application, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-wrapping-equipment-market-2017-2021

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