The stretch wrapper market size is estimated to be US$ 462.5 million in 2024. The market is estimated to cross a valuation of US$ 825.5 million by 2034. The increasing need for sustainable packaging solutions worldwide is expected to drive the market over the forecast period.
Stretch Wrapper Market, Analysis and Insights
Attributes | Details |
---|---|
Global Stretch Wrapper Market Value for 2023 | US$ 436.4 million |
Projected Market Value for 2034 | US$ 825.5 million |
Value-based CAGR (2024 to 2034) | 5.9% |
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The growing requirement for sustainability contributed to the market's development during the historical period. The stretch wrapper market was valued at US$ 436.4 million in 2023. The rising consumer demand for spill- and damage-proof products significantly contributed to the market’s growth.
Historical market valuation, 2023 | US$ 436.4 million |
---|
The stretch wrapper market can be split up into two segments: machine type and end-use. The dominance of the leaders in the segments is also observed.
The rotary arm segment is projected to hold a market share of 50.40% over the forecast period owing to advantages such as the rotary arm can minimize the risk of collapse during the wrapping process. The rising demand for the rotary arm in the packaging industry is fueling market growth. The rotary arm included technological advancements such as the automatic rotary arm, which can move loads into place where the previous load wrap cycle is done.
Attributes | Details |
---|---|
Top Machine Type | Rotary Arm |
Market Share in 2024 | 50.40% |
Attributes | Details |
---|---|
Top End Use | Food & Beverages |
Market Share in 2024 | 39.3% |
The food and beverage segment is expected to hold a market share of 39.3%. Stretch wrappers significantly contribute to the food and beverage industry since they are frequently used in the packaging of frozen food, seafood, bakery items, snacks, alcoholic and non-alcoholic beverages, and various other products.
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The market's depth has increased over the years. However, certain regions account for a significant portion of the market share.
The market is dominated by North America, Europe, and Asia Pacific. Growing trends in Europe and North America have increased sales of packaging machines. The growing demand for sustainable products in Asia Pacific contributes to the region's market growth.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 3.3% |
India | 7.2% |
Germany | 3.4% |
China | 6.4% |
Japan | 4.0% |
The profitability of the market is determined by cost efficiency. Cost-cutting techniques, supply chain logistics optimization, and manufacturing process optimization are all prioritized by businesses.
The primary players are focused on providing customized solutions. The leading companies in the global stretch wrapper market are focused on increasing production and expanding their portfolio globally for stretch wraps.
Recent Developments in the Stretch Wrapper Market
In 2024, the size of the stretch wrapper market is estimated to be valued at US$ 462.5 million.
Increasing usage of packaging in the food and beverage industry worldwide is one of the major trends in the stretch wrapper market.
The stretch wrapper market is expected to progress at a CAGR of 5.9% from 2024 to 2034.
The size of the stretch wrapper market is forecasted to have reached US$ 825.5 million by 2034.
Phoenix Wrappers, Inc., Reo-Pack A/S, Lantech, Inc., and Orion Packaging Systems LLC are some of the prominent players in the stretch wrapper market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Machine Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Machine Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Machine Type, 2024 to 2034
5.3.1. Turntable
5.3.2. Ring
5.3.3. Robotic
5.3.4. Rotary Arm
5.4. Y-o-Y Growth Trend Analysis By Machine Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Machine Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Order Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Order Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Order Type, 2024 to 2034
6.3.1. Customized
6.3.2. Standard
6.4. Y-o-Y Growth Trend Analysis By Order Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Order Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-use, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-use, 2024 to 2034
7.3.1. Food & Beverages
7.3.2. Pharmaceuticals
7.3.3. Tissue
7.4. Y-o-Y Growth Trend Analysis By End-use, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-use, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Machine Type
9.2.3. By Order Type
9.2.4. By End-use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Machine Type
9.3.3. By Order Type
9.3.4. By End-use
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Machine Type
10.2.3. By Order Type
10.2.4. By End-use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Machine Type
10.3.3. By Order Type
10.3.4. By End-use
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Machine Type
11.2.3. By Order Type
11.2.4. By End-use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Machine Type
11.3.3. By Order Type
11.3.4. By End-use
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Machine Type
12.2.3. By Order Type
12.2.4. By End-use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Machine Type
12.3.3. By Order Type
12.3.4. By End-use
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Machine Type
13.2.3. By Order Type
13.2.4. By End-use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Machine Type
13.3.3. By Order Type
13.3.4. By End-use
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Machine Type
14.2.3. By Order Type
14.2.4. By End-use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Machine Type
14.3.3. By Order Type
14.3.4. By End-use
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Machine Type
15.2.3. By Order Type
15.2.4. By End-use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Machine Type
15.3.3. By Order Type
15.3.4. By End-use
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Machine Type
16.1.2.2. By Order Type
16.1.2.3. By End-use
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Machine Type
16.2.2.2. By Order Type
16.2.2.3. By End-use
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Machine Type
16.3.2.2. By Order Type
16.3.2.3. By End-use
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Machine Type
16.4.2.2. By Order Type
16.4.2.3. By End-use
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Machine Type
16.5.2.2. By Order Type
16.5.2.3. By End-use
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Machine Type
16.6.2.2. By Order Type
16.6.2.3. By End-use
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Machine Type
16.7.2.2. By Order Type
16.7.2.3. By End-use
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Machine Type
16.8.2.2. By Order Type
16.8.2.3. By End-use
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Machine Type
16.9.2.2. By Order Type
16.9.2.3. By End-use
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Machine Type
16.10.2.2. By Order Type
16.10.2.3. By End-use
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Machine Type
16.11.2.2. By Order Type
16.11.2.3. By End-use
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Machine Type
16.12.2.2. By Order Type
16.12.2.3. By End-use
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Machine Type
16.13.2.2. By Order Type
16.13.2.3. By End-use
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Machine Type
16.14.2.2. By Order Type
16.14.2.3. By End-use
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Machine Type
16.15.2.2. By Order Type
16.15.2.3. By End-use
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Machine Type
16.16.2.2. By Order Type
16.16.2.3. By End-use
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Machine Type
16.17.2.2. By Order Type
16.17.2.3. By End-use
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Machine Type
16.18.2.2. By Order Type
16.18.2.3. By End-use
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Machine Type
16.19.2.2. By Order Type
16.19.2.3. By End-use
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Machine Type
16.20.2.2. By Order Type
16.20.2.3. By End-use
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Machine Type
16.21.2.2. By Order Type
16.21.2.3. By End-use
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Machine Type
16.22.2.2. By Order Type
16.22.2.3. By End-use
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Machine Type
16.23.2.2. By Order Type
16.23.2.3. By End-use
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Machine Type
17.3.3. By Order Type
17.3.4. By End-use
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Phoenix s, Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Reo-Pack A/S
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Lantech, Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Orion Packaging Systems LLC.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Millwood, Inc.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Signode Industrial Group, LLC
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Aetnagroup S.p.A.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Wulftec International Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. ARPAC LLC
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Cousins Packaging, Inc.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. Atlanta Spa
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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