Wrapping machines are used in the packaging industry to wrap items in stretch film to maintain product quality and achieve high production rates. Wrappers come in a variety of shapes and sizes, including vertical, ring, stationary or rotatory, and orbital wrappers. Furthermore, employing a variety of sealing and folding procedures, wrapping machines can wrap a product partially or completely.

Market scope and structure analysis:

COVID-19 scenario analysis:

• COVID-19 pandemic has shut-down the production of various products in the wrapping machines industry attributed to the lockdown in countries worldwide. This has hampered the growth of wrapping machines market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sales of wrapping machines in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for wrapping machines was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for wrapping machines.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Wrapping machines manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• Wrapping machines manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The food industry is one of the most important areas expected to drive the demand for packaging and related equipment. Rapid industrialization, expanding infrastructure, and rising investments, particularly in the food and beverage industry, are all projected to boost demand for wrapping machines during the forecast period. The products are wrapped and sealed in every material. Wrapping machines use a series of folding and sealing operations to partially or completely encapsulate a material. The wrapping machine aids in the protection of the product from damage, moisture, and dust, as well as improving its protection. Wrapping machines with a PLC control triggered increase the speed of the entire packing operation. The high cost of equipment and gadgets is the key barrier to the market for wrapping machines.

High Demand of Packaged goods and safe transport.

An automatic wrapping machines may wrap an entire pallet without the use of lifting machines. The wrapping machine market is predicted to grow rapidly in the near future due to rise in demand for packaged goods and safe transportation of commodities. The packaging business is experiencing significant expansion in product wrapping, which drives the demand for wrapping machines. Wrapping machines are preferred by firms that specialize in one-of-a-kind products.

Efficient wrapping of several products, thereby improving overall productivity.

Automation in wrapping machines exhibit various advantages, including reduced human intervention, faster packaging, and effective wrapping of many products, all of which improve total production. Consumer packaged goods (CPG) producers are focusing on increasing productivity to obtain a competitive advantage, preserve market position, and expand their customer base. As a result, they are increasingly turning to creative and modern automated wrapping machines. To save products from getting spoiled and wasted for a longer period, they need to be packaged well and in a proper manner. This is, in turn, fuels the demand for advanced packaging techniques that also include stretch wrap machines.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global wrapping machines industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wrapping machines market share.
• The current market is quantitatively analyzed from 2021 to 2030 to highlight the global wrapping machines market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global wrapping machines market analysis based on competitive intensity and how the competition will take shape in coming years.