Global Wrapping Machine Market Size to Worth USD 4.58 Billion by 2033: Market Statistics Report

Global Wrapping Machine Market Size to Worth USD 4.58 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Wrapping Machine Market Size is Expected to Grow from USD 2.72 Billion in 2023 to USD 4.58 Billion by 2033, Growing at a CAGR of 5.35% during the forecast period 2023-2033.

Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Wrapping Machine Market Size, Share, and COVID-19 Impact Analysis, By Machine Type (Shrink and Stretch), By Mode of Operation (Automatic and Semi-automatic), By Application (Food, Beverages, Personal Care, Chemicals, and Pharmaceuticals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

A wrapping machine is a machine that is mechanically powered and has mechanisms for wrapping and transporting goods using protective material. It automates the process of making a safe, sealed package, which is often utilized to shield goods from harm while being handled and transported. Rapid industrialization and rising investments in industries that significantly impact demand, such as food and beverage, are responsible for this increase. Furthermore, consumers' increasing inclination for packaged goods and their increased emphasis on convenience enhance the demand for effective wrapping solutions. Additionally, innovations in technology, including PLC control systems, increase the efficiency and productivity of packaging procedures, which propels market expansion in several sectors, including consumer goods and medicines. Biodegradable and compostable materials are being included in wrapping machines by manufacturers in response to the growing demand for sustainable packaging solutions driven by environmental awareness. However, the main barrier is the expensive cost of the machinery.

The stretch segment is expected to hold the largest market share of the global wrapping machine market through the forecast period.  

Based on the machine type, the wrapping machine market is categorized into shrink and stretch. Among these, the stretch segment is expected to hold the largest market share of the global wrapping machine market through the forecast period. The increase in convenience and processed foods requires robust packaging that ensures product safety while in transportation. Additionally, technological developments such as automation and intelligent features improve the functionality and dependability of stretch machines, increasing their attractiveness to producers looking to streamline their packaging procedures. 

The semi-automatic segment is predicted to hold a significant market share in the global wrapping machine market over the projected timeframe.  

Based on the mode of operation, the wrapping machine market is classified into automatic and semi-automatic. Among these, the semi-automatic segment is predicted to hold a significant market share in the global wrapping machine market over the projected timeframe. The growth can be attributed to its ability to provide a balance between automation and manual involvement. Businesses with different production volumes can benefit from this mode since it gives packaging processes flexibility. Additionally, semi-automatic wrapping machines are becoming more and more popular because they are more affordable for small and medium-sized businesses to invest in initially than completely automatic systems. 

The food segment is anticipated to hold the highest market share of the global wrapping machine market through the projected period.

Based on the application, the wrapping machine market is classified into food, beverages, personal care, chemicals, and pharmaceuticals. Among these, the food segment is anticipated to hold the highest market share of the global wrapping machine market through the projected period. The growing demand for packaged products and ready-to-eat meals has forced producers to use cutting-edge wrapping technologies that increase shelf life and ensure product safety. In addition, the food industry is in greater need of efficient wrapping equipment to reduce contamination and maintain quality throughout transportation due to strict rules about food safety and hygiene.

Asia Pacific is expected to hold the largest share of the wrapping machine market through the forecast period.

Asia Pacific is expected to hold the largest share of the wrapping machine market through the forecast period. The region's strong growth, which has been fueled by rapid urbanization and industrialization, is the reason for this expansion. A major factor in this trend is also the growth of the food and beverage industry, which is being driven by rising consumer demand for packaged goods. Effective packing solutions are also becoming more and more essential as e-commerce grows. For businesses seeking to maximize their operations in this competitive industry, wrapping machines are crucial since investments in cutting-edge technologies and automation further improve production capacities.

Europe is predicted to grow at the fastest CAGR of the wrapping machine market over the forecast period. Owing to the growing need for environmentally friendly packaging options and industry-wide regulatory compliance. In addition, the region's emphasis on eco-friendly procedures pushes producers to use cutting-edge wrapping methods that reduce waste. In addition, urbanization and growing household incomes also increase the demand for packaged goods. Leading nations in this trend, such as Germany, place a strong emphasis on automation and industrial process efficiency to stay competitive in the global market.

Competitive Analysis

Major key players in the wrapping machine market include Orion Packaging Systems LLC, Robopac, Lantech, Phoenix Wrappers, ProMach Inc., Coesia S.p.A, I.M.A. Industria Macchine Automatiche S.p.A., Syntegon Technology GmbH, Durapak, Matco International, and others.

Recent Developments

• In August 2023, at PACK EXPO 2023, Orion Packaging Systems introduced its updated MA Series, a full-automated rotary stretch wrapping machine. In end-of-line applications, this cutting-edge wrapping machine is designed for maximum throughput and can handle a variety of load types. Important features include improved safety features, an easy-to-use control system, and a four-legged design for stability. Installation time is greatly decreased and load protection during transit is enhanced with the MA Series.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the wrapping machine market based on the below-mentioned segments:

Global Wrapping Machine Market, By Machine Type

• Shrink
• Stretch

Global Wrapping Machine Market, By Mode of Operation

• Automatic
• Semi-automatic

Global Wrapping Machine Market, By Application

• Food
• Beverages
• Personal Care
• Chemicals
• Pharmaceuticals

Global Wrapping Machine Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa