Wrapping Machine Market: Current Analysis and Forecast (2021-2027)
Emphasis on Machine Type (Stretch, Shrink, Others); Mode of Opeartion (Automatic, Semi-automatic); Application (Food & Beverage, Consumer Goods, Pharmaceutical, Others); Region/Country
The Global Wrapping Machine is Expected to Display an Elevated CAGR over the forecast period (2021-2027)
A rise in the number of food chains, QSR, and cafés across the globe is leading to the growth of the Wrapping Machine market. As per the Department for Environment Food & Rural Affairs, the expenditure on food, drinks, and catering was USD 312 billion in the United Kingdom in 2019. Also, Canadian fast-food statistics reveal the Canadian fast-food industry is worth an impressive US$27 billion in 2021. It is expected to grow by 0.8% compared to the previous year. Also, the fast-food industry Canada facts show up to 34% of Canadians report dreaming of opening a restaurant, in the coming years and 3.7% are thinking of quick service. Casual and family-style restaurants are the most popular choice, and up to 32.7% would choose that.
Also, a rise in the investment in the hospitality sector is leading to the growing number of hotels and restaurants which is gaining end-users traction, and the market is booming. As per a report by JLL, approximately US$7 billion in transactions in 2021, an increase of 20% year-on-year, up from US$5.8 billion in 2020. Moreover, in the first half of 20201, In total, 61 hotel investment deals were transacted in the first half of the year across nine countries and representing over 10,000 rooms. Furthermore, the emerging travel and tourism industry is adding pace to the growth of the market. As per the World Bank, the total number of international tourists in the Asia Pacific region reached 487 million in 2019 high from 396 million in 2015. Also, a rise in the investment in the hospitality sector is leading to the growing number of hotels and restaurants which is gaining end-users traction, and the market is booming. As per a report by JLL, approximately US$7 billion in transactions in 2021, an increase of 20% year-on-year, up from US$5.8 billion in 2020.
Global GDP Per Capita (Current US$),( 2013-2020)
Duravant LLC, Robert Bosch GmbH, Maillis Group, BEUMER Group GmbH & Co. KG, ProMach Inc., Atlantic Corporation, Tetra Laval International S.A., Robert Reiser & Co., Inc, Aetnagroup S.p.A., American Packaging Machinery, Inc., etc, are some of the prominent players operating in the Wrapping Machine market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.
Insights Presented in the Report
“Amongst machine type, shrink segment holds XX% market share”
Based on machine type, the market is fragmented into Stretch, Shrink, and others. The shrink segment grabbed the major market share in 2020 and dominated the market. With the growing demand for making the packaging of the product more appealing and classier, the demand for shrink machines is on rising. A shrink machine is also used to package products for display on store shelves while giving them a glossy sheen. Also, the availability of biodegradable shrink film is adding pace to the growth of this segment.
“Amongst mode of operation, automatic segment to grab considerable market share”
Based on the mode of operations, the market is fragmented into automatic and semi-automatic. The automatic segment grabbed the major market share and dominated the market. The market of this segment would reach USD XX Mn by 2027. Growing demand for automation from several application industries is anticipated to favor the growth of this segment.
“Amongst application, food & beverage segment to grab considerable market share”
Based on the application, the market is fragmented into Food & Beverage, Consumer Goods, Pharmaceutical and Others. The food and beverage segment grabbed XX% market share and captured USD XX Mn market in 2020. However, the consumer goods segment would witness the robust CAGR during the forthcoming years
“Asia-Pacific represents one of the largest markets of Wrapping Machine market”
For a better understanding of the market adoption of the Wrapping Machine Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the Wrapping Machine Market industry and generated revenue of USD XX Million in 2020. The region is uplifting on account of the rising food and beverages industry. However, the Europe region would witness the highest CAGR during the forthcoming years
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
The Wrapping Machine Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Wrapping Machine Market were the three major steps undertaken to create and analyze the demand for Wrapping Machine across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Wrapping Machine market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Wrapping Machine through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Wrapping Machine market, we conducted a detailed secondary analysis to gather historical market insights and share for machine type, mode of operation, and application for major regions. Major segments included in the report are mode of operation and application. Further region and country-level analyses were conducted to evaluate the overall adoption of Wrapping machines across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Wrapping Machine. Further, we conducted factor analysis using dependent and independent variables such as the rising food and beverage demand, growth in the hospitality sector, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Wrapping Machine industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Wrapping Machine market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Wrapping Machine across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Wrapping Machine market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Wrapping Machine market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of machine type, mode of operation, and application of the Wrapping Machine market.
Main Objective of the Wrapping Machine Market Study
The current & future market trends of Wrapping Machine were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Wrapping Machine in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of machine type, mode of operation, and application
- Define and analysis of the regulatory framework for the Wrapping Machine industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Wrapping Machine market for the major countries
- The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
- Company profiles of the Wrapping Machine market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
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