The market for shrink-wrapping machines market was valued at USD 1.1 billion globally in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the course of the forecast period. From a safety perspective, a shrink-wrapping machine is a piece of packing equipment that shrinks a plastic film around the product. During storage and transportation, shrink wrap shields the products from moisture, dust, and damage.

The growing e-commerce business model is driving up demand for effective and safe packaging solutions. Demand for the food and beverage sector is growing, as is the need for the packaged sector to improve product quality, shelf life, and safety compliance. The industry is experiencing strong demand driven by the trend toward automation in production processes.

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Growth drivers

The demand for packaged and processed foods is rising quickly due to the world's expanding population and the fast-expanding e-commerce industries. The consumption of packaged goods has increased as a result of growing urbanization and shifting customer tastes. The market is expanding as a result of customers' growing need for sanitary meals.

The industry is expanding rapidly due to environmental concerns and a growing emphasis on sustainability and recyclability. In order to prevent contamination and uphold hygienic standards, the personal care and cosmetics industries utilize shrink wraps as a supplementary packaging material to guarantee that items like lipstick, mascara, and eyeliners stay sealed and aren't opened or tampered with until they are bought.

Segmentation

By End-Users

·         Food and Beverages

·         Pharmaceuticals

·         Personal Care

·         Industrial and Household

·         Others

Product Type

·         Manual

·         Semi-Automatic

·         Automatic

Process

·         PVC

·         PET

·         Sealing Method

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Aetna Group S.p.A. (ROBOPAC)

·         Duravant LLC

·         Syntegon Technology GmbH

·         Standard-Knapp, Inc

·         ProMach

·         Tripack

·         Conflex Incorporates

·         Omnia Della Toffola SpA

·         Erapa (UK) Limited

·         Sidel

·         Other Players

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