Turpentine Oil Market
Turpentine is a co-product of the rosin refining process, and for every 1 ton of rosin produced, ... Read More
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 contains market size and forecasts of Shrinkwrap Packer in global, including the following market information:
Global Shrinkwrap Packer Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Shrinkwrap Packer Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Shrinkwrap Packer companies in 2021 (%)
The global Shrinkwrap Packer market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Fully Automatic Shrinkwrap Packer Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Shrinkwrap Packer include KRONES, KHS GROUP, Sidel Group, AETNA GROUP, HANGZHOU YOUNGSUN, Newamstar, Gurki Packaging Machine, SMI Group and Guangzhou Vanta, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Shrinkwrap Packer Market Segment Percentages, by Type, 2021 (%)
Fully Automatic Shrinkwrap Packer
Semi-automatic Shrinkwrap Packer
Global Shrinkwrap Packer Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Shrinkwrap Packer Market Segment Percentages, by Application, 2021 (%)
Food
Beverage
Condiment
Dairy Industrial
Consumer Goods
Others
Global Shrinkwrap Packer Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Shrinkwrap Packer Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Shrinkwrap Packer revenues share in global market, 2021 (%)
Key companies Shrinkwrap Packer sales in global market, 2017-2022 (Estimated), (Units)
Key companies Shrinkwrap Packer sales share in global market, 2021 (%)
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
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