The "Shrink Wrap Equipment - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Shrink Wrap Equipment Market is expected to grow at a CAGR of 11% during the forecast period.
Increased shelf-life of the product, ease of handling and transportation, and protected shipment of packaged goods are some of the factors propelling the growth of the market. However, the high initial investment is hampering the growth of the market.
Shrink wrap equipment is machines that are used to shrink plastic films over multiple bundled products by applying heat in shrink tunnel or shrink chamber. Shrink wrapping effectively provides barrier protection from dust, atmosphere and other contaminants to preserve the product quality. These machines are available in various forms depending upon the process of shrinking.
Based on the end-user, the pharmaceutical segment is anticipated to hold considerable market share during the forecast period as the flexibility of the side-seal shrink wrappers makes them the most ideal for pharmaceutical contract packagers who are required to pack a wide variety of packages.
By geography, Asia-Pacific is expected to grow at a significant market share during the forecast period due to the presence of huge retail and e-commerce market, increasing demand for packaged/shrink-wrapped frozen foods and transportation of food and beverages and high requirement for shrink wrapping machine.
Some of the key players profiled in the Shrink Wrap Equipment Market include U.S. Packaging & Wrapping LLC, Tripack LLC, ARPAC LLC (Duravant LLC), Standard-Knapp, Inc., PAC Machinery Group, MSK Verpackungs-Systeme GmbH, Lachenmeier ApS, Douglas Machine Inc., Conflex Incorporated, Aetna Group Spa, and Texwrap Packaging Systems LLC (Pro Mach Inc.).
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
3.6 End-user Analysis
3.7 Emerging Markets
3.8 Impact of COVID-19
4 Porters Five Forces Analysis
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Shrink Wrap Equipment Market, By Type
5.2 POF Film Shrink Machine
5.3 PE Film Shrink Machine
6 Global Shrink Wrap Equipment Market, By End-user
6.3 Industrial and Home
6.4 Food & Beverage
6.7 Personal Care
6.8 Other End-users
6.8.2 Consumer Products
7 Global Shrink Wrap Equipment Market, By Wrap Equipment Type
7.2 Fully Automatic
8 Global Shrink Wrap Equipment Market, By Geography
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launches
9.5 Other Key Strategies
10 Company Profiling
10.1 U.S. Packaging & Wrapping LLC
10.2 Tripack LLC
10.3 ARPAC LLC (Duravant LLC)
10.4 Standard-Knapp, Inc.
10.5 PAC Machinery Group
10.6 MSK Verpackungs-Systeme GmbH
10.7 Lachenmeier ApS
10.8 Douglas Machine Inc.
10.9 Conflex Incorporated
10.10 Aetna Group Spa
10.11 Texwrap Packaging Systems LLC (Pro Mach Inc.)
For more information about this report visit https://www.researchandmarkets.com/r/7umxid
View source version on businesswire.com: https://www.businesswire.com/news/home/20201021005789/en/
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