In 2023, the global pallet stretch wrapping machine market was estimated to be valued at USD 366.9 million. During the forecast period, the market is likely to garner a moderate CAGR of 2.30%. By 2034, the market is predicted to gain a valuation of USD 472.2 million by 2034.
| Report Attribute | Details |
|---|---|
| Estimated Market Value in 2023 | USD 366.9 million |
| Expected Market Value in 2024 | USD 376.1 million |
| Projected Forecast Value for 2034 | USD 472.2 million |
| Anticipated Growth Rate from 2024 to 2034 | 2.30% |
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Packaging companies are using the pallet stretch wrapping machines for various advantages. Ensuring the safety of the products takes the top position. Once packed with these machines, the products can be kept away from moisture, dust and dirt. The stretch films will act as a protective barrier for the product when in transit, without affecting its visibility.
High quality and consistent bulk packaging is another benefit that packaging companies can yield from these machines. Manual or hand wrapping may cause variations in the products, automatic and semi-automatic pallet stretch wrapping machines will pack each product in the same menner.
The global demand for the pallet stretch wrapping machine market attained a valuation of USD 347.1 million in 2018. From 2018 to 2023, the pallet stretch wrapping machine market experienced sluggish expansion, registering a CAGR of 1.10%.
| Historical CAGR from 2018 to 2023 | 1.10% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 2.30% |
Over the last few years, few developments and innovation in this market have helped the market to at least gain a sluggish growth. Automatic stretch wrap machines are one of them.
The film is effectively stretched here with two rollers and the second one spinning at a faster pace than the first. The rotary tower automatic stretch machines have been proven to be more effective in this market.
These machines also will be a cost burden for the companies. They are low priced. They have automatic clamping and cutting features. The most attractive feature that can benefit a packaging company is that they can possess automatic online conveying. Factors as these are aiding the market to grow eventually.
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Companies can enhance Inventory Management and Product Integrity
Inventory management can be made easier by stacking the similar products in a particular place. The possibility of product separation and loss can be avoided with such machines, lowering the chances of tedious inventory counts.
These machines can enhance the safety of the products too. It ensures the secure wrapping of the products to avoid potential damage from moisture, dust or dirt. The pallet stretch wrapping machines focus on keeping the operator on forklift, avoiding floor accidents.
In light of this trend, the best option for the packaging companies would be to stick to the automatic machines. With the pallet stretch wrapping machines, a company can thus bring safety and consistency in their production line, regardless of the location and size of the warehouse.
Worker Safety can pose a Serious Threat to the Market Growth
Employees can often face accidents due to the lack of expertise and proper training. There can be tripping hazards resulting from debris or plastic wraps lying on the floor.
The sharp edges on the products or pallets pose risk of injury for the workers. Lifting heavy pallets can too at times cause back injury for the workers. Such accidents can be harmful towards the reputation of any packaging company.
Companies in the pallet stretch wrapping machine market, thus, needs to pay serious attention towards worker safety and at the same time ease down operations effectively too.
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This section focuses on providing detailed analysis of two particular market segments for the pallet stretch wrapping machine, the dominant machine type and the order type. The two main segments discussed below are the automatic machine and standard order.
| Machine Type | Automatic |
|---|---|
| Market Share in 2024 | 58.60% |
In 2024, the automatic machine segment is anticipated to reach a market share of 58.60%. Efficiency can be easily achieved by a packaging company through the automatic pallet stretch wrapping machine.
The employees will not have to pay attention to initiate or end a wrapping cycle. Once the pallet is placed on the conveyor or by pulling a cord, the cycle will start and also stop automatically.
Consistency throughout the supply chain can also be maintained via the automatic pallet stretch wrapping machine. Ensuring that bulk packaging is consistent as well as high quality is easier with the automatic machines.
While manual wrapping may differ, automatic stretch machines pack each pallet in exactly the same way. Each product will have a more streamlined appearance and improved protection as a consequence.
| Order Type | Standard |
|---|---|
| Market Share in 2024 | 71.1% |
In 2024, the pallet stretch wrapping machine is anticipated to be widely used for standard order size. These order sizes have uniform requirements for packaging, aiding the easier set up and operation of the machines. They are resigned to deal with consistent weights and dimensions, ensuring effective results in the wrapping process.
With standard order sizes, the packaging process's repeated nature allows for efficient machine settings and processes, resulting in quicker wrapping rates and greater output.
Customized order sizes, contrarily, may necessitate manual interventions and repeated modifications to account for different measurements. This could decrease efficiency and cause a slower throughput.
This section will go into detail on the pallet stretch wrapping machine markets in a few key countries, including the United States, the United Kingdom, China, Japan and South Korea. The below section will lay emphasis on the reasons that are pushing growth in each of the regions.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| The United States | 0.9% |
| The United Kingdom | 0.80% |
| China | 4.60% |
| Japan | 1.90% |
| South Korea | 2.30% |
The United States pallet stretch wrapping machine industry to gain a CAGR of 0.9% through 2034. Market players are developing machines with enhanced repeatability and innovative features.
It includes powdered pre-stretched film carriage which provides improved stability and is a lot more cost-effective than manual wrapping. The manufacturers also offer orbital stretch wrapping machines for long loads that are difficult for stretch wrapping.
The pallet stretch wrapping machine market in the United Kingdom is expected to expand with a 0.80% CAGR through 2034. Market players are using nanotechnology in these machines to enhance the overall quality of the films. The films are being incorporated with nanoparticles for improved elasticity, puncture resistance and strength.
The machine components too can benefit from nano coatings. It can help reduce wear and friction, extending the lifespan and reducing the maintenance costs. These factors aid a packaging company in enhancing the packaging operation effectively.
The pallet stretch wrapping machine ecosystem in China is anticipated to develop with a 4.60% CAGR from 2024 to 2034. Multiple reasons are propelling the demand for packaging goods in China. Some of them include increasing purchasing power of consumers, booming retail sector and digital retail.
China has some renowned online retail stores, where packaging and product integrity is of utmost importance. To cater to the needs of the sectors, the demand for pallet stretch wrapping machines is increasing.
The pallet stretch wrapping machine industry in Japan is anticipated to reach a 1.90% CAGR from 2024 to 2034.
Automatic pallet stretch wrapping machines are quite more in demand than the semi-automatic ones.
This is owing to the fact that Japan is focused on automation and also increasing efficiency at the same time.
The pallet stretch wrapping machine ecosystem in Indonesia is likely to evolve with a 2.30% CAGR during the forecast period.
Export oriented manufacturing takes the center stage in South Korea. Product safety and integrity is a main concern during export. To ensure this, companies in the region rely on pallet stretch wrapping machines for better safety of products.
One of the core areas of focus of the market players in the global pallet stretch wrapping machine market is product safety and integrity. Their aim is to reduce the loss of billions and millions dollars of loss that often takes place in transit. The companies want to make it a point to keep the product safe from the factory to the retailer’s doorstep in untouched condition.
Another interesting thing companies are doing to enhance the demand of these machines is to provide technical support for it. They are developing technical support for these machines 24X7X365 in various languages. This helps to expand their reach internationally, saving them a huge sum of money. The key players in this market include:
Key Development by Market Players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.30% from 2024 to 2034 |
| Market value in 2024 | USD 376.1 million |
| Market value in 2034 | USD 472.2 million |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD million for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Machine Type, End Use, Order Type, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Hangzhou Youngsun Intelligent Equipment Co. Ltd.; Italdibipack S.p.A.; Fromm Packaging Systems, Inc.; Wulftec International Inc.; Atlanta Stretch Spa; Muller Load Containment Solutions; Arpac LLC; Robopac SPA; Phoenix Wrappers, Inc.; Tosa s.r.l.; SIAT S.p.A.; Lantech, Inc.; Webster Griffin Ltd.; Perks Engineering |
| Customisation Scope | Available on Request |
The pallet stretch wrapping machine market is expected to garner a 2.30% CAGR from 2024 to 2034.
By 2024, the global pallet stretch wrapping machine market is likely to gain USD 376.1 million.
By 2034, the pallet stretch wrapping machine market valuation is likely to reach a sum of USD 472.2 million.
The pallet stretch wrapping machine industry in the United States is likely to garner a 0.9% CAGR during the forecast period.
The automatic pallet stretch wrapping machine is likely to gain popularity, with an anticipated 58.6% market share in 2024.
The standard order type will gain traction in the global pallet stretch wrapping machine with an expected 71.1% market share in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Machine Type 5.1. Automatic 5.1.1. Turntable 5.1.2. Ring 5.1.3. Robotic 5.1.4. Single Arm 5.1.5. Double Arm 5.2. Semi-Automatic 5.2.1. Turntable 5.2.2. Arm Wrapping 5.3. Specialty 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. Food & Beverages 6.2. Pharmaceutical 6.3. Consumer Product 6.4. Automotive 6.5. Paper 6.6. Textile 6.7. Construction 6.8. Chemical 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Order Type 7.1. Customized 7.2. Standard 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Hangzhou Youngsun Intelligent Equipment Co. Ltd. 18.2. Italdibipack S.p.A. 18.3. Fromm Packaging Systems, Inc. 18.4. Wulftec International Inc. 18.5. Atlanta Stretch Spa 18.6. Muller Load Containment Solutions 18.7. Arpac LLC 18.8. Robopac SPA 18.9. Phoenix Wrappers, Inc. 18.10. Tosa s.r.l. 18.11. SIAT S.p.A. 18.12. Lantech, Inc. 18.13. Webster Griffin Ltd. 18.14. Perks Engineering 19. Assumptions & Acronyms Used 20. Research Methodology
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Pallet Stretch Wrapping Machine Market
