Latest
industry research report on: Global Shrink Wrap Packaging Systems
Market | Industry Size, Share, Research, Reviews, Analysis,
Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Many of the products in today’s
era require different style of packaging that must be flexible and
even attractive. Shrink wrap packaging is an ideal solution for
packing uneven shape objects with flexibility and ease. Shrink wrap
is a process under which the product to be packed is covered with a
shrink film, which is then heated so that it shrinks on the product.
The shrink film is a polymer plastic film made of PVC, polyethylene,
polypropylene, or polyolefin. Mostly Polyolefin with different
thickness, strength, clarities, and shrink ratios is used as a shrink
film. The film is heated with the help of a handheld gun, or the
product along with the film is passed through the heating tunnel on a
conveyor. Shrink wrap packaging serves the purpose of keeping the
product stable and clean, and also helps make it tamper resistant.
Shrink wrap packaging is used as an overwrap on boxes, cartons,
pallet loads, and beverage cans. It is also used as a primary
covering in many food items such as meats, cheese, plants, and
vegetables. There are various shrink wrap packaging systems available
in the market, which are equipped with different technologies such as
sleeve wrappers, side sealers, shrink tunnels, and L-sealers.
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The
ever expanding food industry and the safety concerns related to
products during their transit are factors expected to bolster growth
of the shrink wrap packaging systems market over the forecast period.
Over the years, there has been a modest rise in application of shrink
wrap packaging in industrial equipment. Thus, surge in
industrialization in turn is expected to contribute towards growth of
the shrink wrap packaging systems market over the forecast period.
Shrink wrap is also used to wrap roofs after any natural disaster,
such as earthquakes, hurricanes, tornadoes, which is a major
beneficial feature that is expected to propel growth of the shrink
wrap packaging system market in the near future. However, there are
other substitutes available for shrink wrap packaging, such as vacuum
packaging, which are equally reliable and effective; this may hamper
growth of the shrink wrap packaging systems market over the forecast
period. Also, the shrink wrap packaging process is risky, and the
person handling the system needs to be cautious as the shrinking
involves heating the material up to a high temperature, a factor
which again could slowdown growth of the shrink wrap packaging
systems market over the forecast period.
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Increasing
consumer concerns over healthy and hygienic food are expected to
create major growth opportunities for players operating in the global
shrink wrap packaging systems market over the forecast period. Also,
the food industry experts are trying to differentiate their products
from their competitors by providing a robust and unitized packing
format in the form of shrink wrap packaging. Due to the flexibility
and easy handling features of the shrink wrap packaged products,
shrink wrap packaging has become a preferred consumer choice in the
global packaging industry. The global shrink wrap packaging system
market is anticipated to expand at a single digit CAGR over the
forecast period.
The
global shrink wrap packaging systems market can be segmented on the
basis of technology, type, application, and end-use industry. On the
basis of technology, the global shrink wrap packaging systems market
can be segmented as automatic, semi-automatic, fully-automatic,
manual. On the basis of type, the global shrink wrap packaging
systems market can be segmented into sleeve wrappers, L-sealers, side
sealers, lap sealers and shrink tunnels. On the basis of application,
the global shrink wrap packaging systems market can be segmented into
trays, books, beverages, sleeve, sachet, cardboard box, and others.
On the basis of end-use application, the global shrink wrap packaging
systems market can be segmented into pharmaceuticals, food &
beverages, automotive, consumer products, printing and health &
beauty.
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By geography, the global shrink
wrap packaging systems market is segmented into North America,
Europe, Asia Pacific, Middle East and Africa, and Latin America.
Currently, Asia Pacific accounts for the maximum share of the shrink
wrap packaging system market, owing to the ever increasing food
industry in this region. In terms of demand for shrink wrap packaging
system, the market in Asia Pacific is expected to be followed by
North America, in view of the surge in industrialization and other
economic factors in the region. Europe is also expected to be a major
contributor to the growth of the shrink wrap packaging systems market
over the forecast period, because of the bolstering meat market and
other increasing frozen food items packaging requirements in the
countries such Germany and Italy. Meanwhile, the Latin America shrink
wrap packaging systems market is also expected to develop at a rapid
pace. The Middle East & Africa market, on the other hand, is at a
nascent stage.
Some of the key vendors
identified across the value chain of the global shrink wrap packaging
systems market include: Saitech Inc, Texwrap Packaging Systems, Arpac
LLC, Shrinkwrap Machinery Co. Ltd, Gebo Cermex, Yorkshire Packaging
Systems, and Extreme Packaging Machinery.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides
comprehensive analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
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market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
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graphics and exemplified SWOT analysis of major market segments
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