Global Pallet Stretch Wrapping Machines Market Report, 2021-2029 - Rising Demand of Goods Packaging Machines from Food and Beverage Industries - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Pallet Stretch Wrapping Machines Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.
Rising Demand of Goods Packaging Machines from Food and Beverage Industries is Driving Pallet Stretch Wrapping Machines Market
Globally, the pallet stretch wrapping machines market is expected to grow with a CAGR of 5.4% during the forecast period from 2021 to 2029, and was recorded to have a market value of US$365.0 Mn in 2020.
Pallet stretch wrapping machines are used for wrapping goods with the pallet. The goods are placed upon the pallet and are wrapped together, which increases the safety of the goods while shipping. Additionally, the pallet provides a support to the products and the items, which reduces the safety issues while transporting the material.
There are various factors driving the market; one of which is increasing demand from the food and beverage industry for pallet-wrapping machine. The food and beverage industry is growing rapidly with increasing delivery services and increasing safety issues concerning the stale food that needs effective packaging. The products can be damaged while transporting due to unstable wrapping. Therefore, the demand for the pallet stretch wrapping machine is increasing which leads to drive the market.
Pallet Stretch Wrapping Machines with Food & Beverage its End-Use Segment Continue Dominating the Market
In 2020, the food & beverage segment that accounted for more than 1/4th market share of the overall market led the overall pallet stretch wrapping machines market.
The food and beverage industries are growing with a rapid rate due to high demand of food products geographically, therefore the food products are needed to be shipped properly from one region to another by reducing the losses and damaged caused during the transportation. Therefore, the pallet stretch machines are used by the food & beverage industries.
Asia-Pacific Dominates the Market by Region
The global pallet stretch wrapping machines market is led by Asia-Pacific due to increasing manufacturing, healthcare, automotive, consumer products, textile, chemicals and other industry in the region, which requires the machines to pack the whole system or the product over the pallet.
The region acquires more than 30% of the market share. The wrapping of pallet and product together increases the safety for the product. Additionally, there are various key players in the region, which are investing in developing new technology and product.
Some of the prominent players operating in the pallet stretch wrapping machines market includes
- Arpac LLC
- Hangzhou Youngsun Intelligent Equipment Co. Ltd.
- Robopac SPA
- Italdibipack S.p.A.
- Wulftec International Inc.
- Fromm Packaging Systems Inc.
- Atlanta Stretch Spa
- Tosa s.r.l.
- Phoenix Wrappers Inc.
- Lantech Inc.
- Fhope Packaging Machinery Co.,Ltd
- Webster Griffin Ltd.
- Packway Inc.
- Jia-in Industry Co. Ltd.
Key Topics Covered:
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Market Snapshot: Global PSWM Market
2.2 Global PSWM Market, By Machine Type, 2020 (US$ Mn)
2.3 Global PSWM Market, By Order Type, 2020 (US$ Mn)
2.4 Global PSWM Market, By End-Use, 2020 (US$ Mn)
2.5 Global PSWM Market, By Geography, 2020 (US$ Mn)
Chapter 3 Market Dynamics
3.1.1 Global PSWM Market Value, 2021 - 2029, (US$ Mn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2020
3.6 Competitive Analysis
3.6.1 Market Positioning of Key PSWM Vendors, 2020
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Pallet Stretch Wrapping Machines (PSWM) Market Analysis, by Machine Type, 2021 - 2029 (US$ Mn)
Chapter 5 Global Pallet Stretch Wrapping Machines (PSWM) Market Analysis, by Order Type, 2021 - 2029 (US$ Mn)
Chapter 6 Global Pallet Stretch Wrapping Machines (PSWM) Market Analysis, by End-Use, 2021 - 2029 (US$ Mn)
6.2 Food & Beverages
6.4 Energy & Utility
6.5 Consumer Products
6.10 Chemical & Fertilizers
Chapter 7 North America Pallet Stretch Wrapping Machines (PSWM) Market Analysis, 2021 - 2029 (US$ Mn)
Chapter 8 Europe Pallet Stretch Wrapping Machines (PSWM) Market Analysis, 2021 - 2029 (US$ Mn)
Chapter 9 Asia Pacific Pallet Stretch Wrapping Machines (PSWM) Market Analysis, 2021 - 2029 (US$ Mn)
Chapter 10 Rest of the World (RoW) Pallet Stretch Wrapping Machines (PSWM) Market Analysis, 2021 - 2029 (US$ Mn)
Chapter 11 Company Profiles
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