Rising Food and Beverages Consumption Opening Gates for Shrink Wrap Sealers Market
Increase in food and beverages consumption, rising need to protect goods from dust and dirt along with moisture damage due to unfavorable weather conditions are likely to fleet the demand for shrink wrap sealers in market. The global market for food and beverages is probable to witness an approximate valuation of US$ 400 billion during the period 2020-21.
This growth is largely due to the tactical operation of companies to recover from the COVID-19 impact. The market is expected to reach $8,100 billion by the end of 2025. Seeing the growth of food and beverages market, demand for the usage of advanced and sustainable packaging methods such as shrink wrapping is expected to upsurge. The overall market for shrink wrap sealers is estimated to register a moderate single digit growth during the period 2021 to 2031.
What Factors are Influencing Shrink Wrap Sealers Market?
The global shrink wrap sealers market is primarily driven by increasing demand for lightweight packaging with the ever-increasing food & beverage industry. Factors such as changing lifestyle like on-the-go food consumption, rising preference for lightweight product in terms of packaging, demand for convenient and user-friendly packaging are of the prime consideration.
Shrink-wrapped products in trays, on pads, or bundled in polyethylene film providing cost-effective and sustainable way to transport palletized consumer products throughout the value chain. By reducing or eliminating the need for a higher-priced corrugated board, shrink wrapping offers significantly lower material costs than its substitutes. These factors influence the companies to look for a better option in terms of packaging materials.
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What is the Market Potential of Shrink Wrap Sealers Market?
Retail sector remains one of the largest sectors consuming shrink wrap sealers for packaging of food products with the bullish demand as compared to conventional packaging methods. Apart from the light weight and cost effectiveness, shrink wrapping sealers consumes less energy than other packaging methods.
Hence, purchasers enjoys faster return on investment. For instance, MSK Covertech Group reported that shrink packaging sealers provides 40% energy savings depending on the shrink wrapping film's thickness. The rise of e-commerce has resulted in the increased consumption of the packaged products that require use of shrink wrapping to protect the product from contamination and damages. This trend is expected to fuel the shrink wrap sealers market in near future.
Which are the Potential Segments for Shrink Wrap Sealers Market?
As polystyrene can cause critical environmental concerns it has been banned from key countries. Out of the many types of shrink film, the three main types of film contributing largest share in packaging both in terms of volume and value are PVC, Polyolefin, and Polyethylene. This is because of the properties that suits with different applications on its usage such as, thin, pliable, light, and affordability. The film shrinks only in one direction and is highly resistant to tearing or puncturing.
Owing to efficiency in wrapping large unit of product in less time as compared to other sealers, the L-bar sealers segment is anticipated to dominate the shrink wrap sealers market throughout the study period. The automatic segment is projected to dominate other process-enabled segment in the global shrink wrap sealers market in nearer future due to increase in demand for automation in the machine, which saves time and improves productivity.
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What are the Strategies of Key Players in Shrink Wrap Sealers Market?
The shrink wrap sealers market is dominated by large players such as
- Aetna Group S.p.A. (ROBOPAC),
- Duravant LLC
- Massman Automation Designs LLC
- Robert Bosch Packaging Technology GmbH
- Standard-Knapp Inc
- Texwrap Packaging Systems
- Conflex Incorporates
- Saitech Inc
- Arpac LLC
- Shrinkwrap Machinery Co. Ltd
- Gebo Cermex
- Yorkshire Packaging Systems
- Extreme Packaging Machinery
- U.S. Packaging and Wrapping LLC and
- MSK Verpackungs-Systems GmbH
The manufacturers of the shrink wrap sealers are making use of several materials such as the packaging solution for improving the benefits of packaging. They have an ability to foresight and predict the needs & wants of the market and innovate the products accordingly which gave them a competitive advantage over other market players. Large investments in research and development allowed them to stamp a strong footprint in the market.
As a development to the industry, In May 2019, AETNA GROUP acquired OCME. This consolidation strategy of the two industrial companies, ROBOPAC AND OCME, has been implemented to allow AETNA GROUP to optimize the technical, industrial, and commercial synergies to face new challenges. Further in August 2019, Standard-Knapp, Inc. signed an agreement to partner with EoL Packaging Experts, an international company in end-of-line packaging solutions for the food and beverage industry. The merger was likely to create a globally active industry leader for end-of-line packaging machinery and systems with an established presence in America and Europe.
Impact of COVID-19 on shrink wrap sealers market
The outbreak of the COVID-19 has acted as a massive demand surge for shrink wrap sealers. This is because of its large offering to cater the rising demand by food and beverages, electronics, pharmaceuticals, and cosmetics. Moreover, the demand for various products has seen an increase in e-commerce purchase as more consumers have shifted toward virtual buying rather than visiting and purchasing from physical stores, in turn, reducing the spread of infection. However, the food and beverages market has seen a continuous surge with the increasing home delivery and cloud kitchens using shrink wrapping as a packaging means.
The research report presents a comprehensive assessment of shrink wrap sealers market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report of shrink wrap sealers market provides analysis and information according to the different market segments such as end-use, type, sales channel and region.
An Adaptive Approach to Modern-day Research Needs
Shrink wrap sealers market report covers exhaustive analysis on:
- Market Segments of shrink wrap sealers market
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends / Issues / Challenges
- Competition & Companies Involved
- Value Chain of shrink wrap sealers market
Regional analysis includes:
- North America (U.S, Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Rest of Europe)
- South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
- East Asia (China, Japan, South Korea)
- Oceania (Australia, New Zealand)
- Middle East (GCC Countries, Israel, Turkey, Egypt, Rest of Middle East)
- Africa (Nigeria, South Africa, Algeria, Morocco, Rest of Africa)
The shrink wrap sealers market report is a compilation of first-hand information, qualitative and competitive assessment industry analysts, and inputs from industry experts and industry participants across the value chain. The report for shrink wrap sealers market provides an in-depth analysis of the parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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- Detailed overview of shrink wrap sealers market.
- Changing market dynamics in shrink wrap sealers market.
- In-depth shrink wrap sealers market segmentation.
- Historical, current, and projected market size in terms of volume and value.
- Recent industry trends and developments in the shrink wrap sealers market.
- Competitive landscape.
- Strategies of key players and products offered.
- Potential and niche segments, geographical regions exhibiting promising growth for shrink wrap sealers market.
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Shrink Wrap Sealers Market Segmentation
The global market for shrink wrap sealers is segmented on the basis of technology, product type, application, and end-use industry.
Based on the technology, the shrink wrap sealers market is segmented into:
- Semi-automatic, and
Based on the product type, the shrink wrap sealers market is categorized into:
- Sleeve wrappers
- Side sealers
- Lap sealers
- Shrink tunnels, and
- Shrink wrapping chambers
Based on the application, the shrink wrap sealers market is categorized into:
- Others (Cardboard box, Sleeve etc.)
Based on the end-user industry, the shrink wrap sealers market is divided into:
- Food & Beverages
- Automotive Industry
- Others (industrial, pharmaceuticals, and consumer products)
Based on the region, the shrink wrap sealers market is divided into:
- Asia Pacific
- North America
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