Global Shrinkwrap Packer Market Growth 2023-2029

Global Shrinkwrap Packer Market Growth 2023-2029

Shrink packaging is used to combine small products and package them together as a way to increase durability. The process involves making bundles of commodities to provide protection against routine wear and tear. The chances of damage through exposure to moisture or water is greatly reduced by this method. This packaging works best for small items, making bundles of the same to enable seamless transportation. Heat plays a very important role in the market process. The two major steps involved in the shrink wrap packaging process requires a heat machine and shrink wrap thereafter. Shrink is a category of polymer plastic wrap, comprising of polyethylene, polyvinyl chloride (PVC) and polyolefin. The material which is highly consumed in shrink wrap is polyolefin. These wraps also commonly called as films, vary according to visibility, tenacity, shrinking capacity and sturdiness and can be used accordingly serving various purposes. The process of shrink packaging is enclosing and securing the item or bundles with the film or wrap with the help of a heat gun or heat tunnel.

LPI (LP Information)' newest research report, the “Shrinkwrap Packer Industry Forecast” looks at past sales and reviews total world Shrinkwrap Packer sales in 2022, providing a comprehensive analysis by region and market sector of projected Shrinkwrap Packer sales for 2023 through 2029. With Shrinkwrap Packer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shrinkwrap Packer industry.

This Insight Report provides a comprehensive analysis of the global Shrinkwrap Packer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Shrinkwrap Packer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Shrinkwrap Packer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shrinkwrap Packer and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Shrinkwrap Packer.

The global Shrinkwrap Packer market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

HANGZHOU YOUNGSUN is the largest key manufacturer of China's shrinkwrap packer market, holds a share about 10%, other key players include KHS GROUP, Sidel Group, and AETNA GROUP, etc. In terms of type, fully automatic type is the largest segment, with a share about 70%, and in terms of application, the food segment holds share about 40 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Shrinkwrap Packer market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fully Automatic Shrinkwrap Packer
Semi-automatic Shrinkwrap Packer

Segmentation by application
Food
Beverage
Condiment
Dairy Industrial
Consumer Goods
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
KRONES
KHS GROUP
Sidel Group
AETNA GROUP
HANGZHOU YOUNGSUN
Newamstar
Gurki Packaging Machine
SMI Group
Guangzhou Vanta
Guangzhou Tech-Long
Wenzhou Zhongwang Packaging
SCIL-machinery

Key Questions Addressed in this Report

What is the 10-year outlook for the global Shrinkwrap Packer market?

What factors are driving Shrinkwrap Packer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Shrinkwrap Packer market opportunities vary by end market size?

How does Shrinkwrap Packer break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.