Report overview
Shrink packaging is used to combine small products and package them together as a way to increase durability. The process involves making bundles of commodities to provide protection against routine wear and tear. The chances of damage through exposure to moisture or water is greatly reduced by this method. This packaging works best for small items, making bundles of the same to enable seamless transportation. Heat plays a very important role in the market process. The two major steps involved in the shrink wrap packaging process requires a heat machine and shrink wrap thereafter. Shrink is a category of polymer plastic wrap, comprising of polyethylene, polyvinyl chloride (PVC) and polyolefin. The material which is highly consumed in shrink wrap is polyolefin. These wraps also commonly called as films, vary according to visibility, tenacity, shrinking capacity and sturdiness and can be used accordingly serving various purposes. The process of shrink packaging is enclosing and securing the item or bundles with the film or wrap with the help of a heat gun or heat tunnel.
This report aims to provide a comprehensive presentation of the global market for Shrinkwrap Packer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Shrinkwrap Packer. This report contains market size and forecasts of Shrinkwrap Packer in global, including the following market information:
Global Shrinkwrap Packer Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Shrinkwrap Packer Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Shrinkwrap Packer companies in 2022 (%)
The global Shrinkwrap Packer market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
HANGZHOU YOUNGSUN is the largest key manufacturer of China's shrinkwrap packer market, holds a share about 10%, other key players include KHS GROUP, Sidel Group, and AETNA GROUP, etc. In terms of type, fully automatic type is the largest segment, with a share about 70%, and in terms of application, the food segment holds share about 40 percent.
We surveyed the Shrinkwrap Packer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Shrinkwrap Packer Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Shrinkwrap Packer Market Segment Percentages, by Type, 2022 (%)
Fully Automatic Shrinkwrap Packer
Semi-automatic Shrinkwrap Packer
Global Shrinkwrap Packer Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Shrinkwrap Packer Market Segment Percentages, by Application, 2022 (%)
Food
Beverage
Condiment
Dairy Industrial
Consumer Goods
Others
Global Shrinkwrap Packer Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Shrinkwrap Packer Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Shrinkwrap Packer revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Shrinkwrap Packer revenues share in global market, 2022 (%)
Key companies Shrinkwrap Packer sales in global market, 2018-2023 (Estimated), (Units)
Key companies Shrinkwrap Packer sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
KRONES
KHS GROUP
Sidel Group
AETNA GROUP
HANGZHOU YOUNGSUN
Newamstar
Gurki Packaging Machine
SMI Group
Guangzhou Vanta
Guangzhou Tech-Long
Wenzhou Zhongwang Packaging
SCIL-machinery
Outline of Major Chapters:
Chapter 1: Introduces the definition of Shrinkwrap Packer, market overview.
Chapter 2: Global Shrinkwrap Packer market size in revenue and volume.
Chapter 3: Detailed analysis of Shrinkwrap Packer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Shrinkwrap Packer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Shrinkwrap Packer capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
