Rising Food and Beverages Consumption Opening Gates for Shrink Wrap Sealers Market
Increase in food and beverages consumption, rising need to protect goods from dust and dirt along with moisture damage due to unfavorable weather conditions are likely to fleet the demand for shrink wrap sealers in market. The global market for food and beverages is probable to witness an approximate valuation of US$ 400 billion during the period 2020-21. This growth is largely due to the tactical operation of companies to recover from the COVID-19 impact.
The market is expected to reach $8,100 billion by the end of 2025. Seeing the growth of food and beverages market, demand for the usage of advanced and sustainable packaging methods such as shrink wrapping is expected to upsurge. The overall market for shrink wrap sealers is estimated to register a moderate single digit growth during the period 2021 to 2031.
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What Factors are Influencing Shrink Wrap Sealers Market?
The global shrink wrap sealers market is primarily driven by increasing demand for lightweight packaging with the ever-increasing food & beverage industry. Factors such as changing lifestyle like on-the-go food consumption, rising preference for lightweight product in terms of packaging, demand for convenient and user-friendly packaging are of the prime consideration.
Shrink-wrapped products in trays, on pads, or bundled in polyethylene film providing cost-effective and sustainable way to transport palletized consumer products throughout the value chain. By reducing or eliminating the need for a higher-priced corrugated board, shrink wrapping offers significantly lower material costs than its substitutes. These factors influence the companies to look for a better option in terms of packaging materials.
What is the Market Potential of Shrink Wrap Sealers Market?
Retail sector remains one of the largest sectors consuming shrink wrap sealers for packaging of food products with the bullish demand as compared to conventional packaging methods. Apart from the light weight and cost effectiveness, shrink wrapping sealers consumes less energy than other packaging methods. Hence, purchasers enjoys faster return on investment.
For instance, MSK Covertech Group reported that shrink packaging sealers provides 40% energy savings depending on the shrink wrapping film’s thickness. The rise of e-commerce has resulted in the increased consumption of the packaged products that require use of shrink wrapping to protect the product from contamination and damages. This trend is expected to fuel the shrink wrap sealers market in near future.
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Shrink Wrap Sealers Market Segmentation
The global market for shrink wrap sealers is segmented on the basis of technology, product type, application, and end-use industry.
Based on the technology, the shrink wrap sealers market is segmented into:
- Semi-automatic, and
Based on the product type, the shrink wrap sealers market is categorized into:
- Sleeve wrappers
- Side sealers
- Lap sealers
- Shrink tunnels, and
- Shrink wrapping chambers
Based on the application, the shrink wrap sealers market is categorized into:
- Others (Cardboard box, Sleeve etc.)
Based on the end-user industry, the shrink wrap sealers market is divided into:
- Food & Beverages
- Automotive Industry
- Others (industrial, pharmaceuticals, and consumer products)
Based on the region, the shrink wrap sealers market is divided into:
- Asia Pacific
- North America
Which are the Potential Segments for Shrink Wrap Sealers Market?
As polystyrene can cause critical environmental concerns it has been banned from key countries. Out of the many types of shrink film, the three main types of film contributing largest share in packaging both in terms of volume and value are PVC, Polyolefin, and Polyethylene. This is because of the properties that suits with different applications on its usage such as, thin, pliable, light, and affordability. The film shrinks only in one direction and is highly resistant to tearing or puncturing.
Owing to efficiency in wrapping large unit of product in less time as compared to other sealers, the L-bar sealers segment is anticipated to dominate the shrink wrap sealers market throughout the study period. The automatic segment is projected to dominate other process-enabled segment in the global shrink wrap sealers market in nearer future due to increase in demand for automation in the machine, which saves time and improves productivity.
What is the Regional Standpoint in Shrink Wrap Sealers Market?
In 2020, Asia Pacific was the largest region in the global food and beverages market, accounting almost 40% of the market. Also the presence of huge retail and e-commerce giants such as Alibaba, Walmart, Amazon, Nayka, Bigbasket, etc. has leveraged Asia Pacific with highest share in the global shrink wrap sealers market. Due to the improved economic environment and the increased spending by the people in the region, there is a huge market potential for shrink wrap sealers market.
Moreover, countries such as Japan and China follow the trend of using vending machines due to their on-the-go eating habits. So far, Japan has the highest density of vending machines worldwide, which also triggers the demand for shrink-wrapped frozen foods and transportation of food and beverages in bulk. Hence, the requirement for shrink wrapping films is higher in these Asian countries, leading to the growth of the shrink wrap sealers market.
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What are the Strategies of Key Players in Shrink Wrap Sealers Market?
The shrink wrap sealers market is dominated by large players such as
- Aetna Group S.p.A. (ROBOPAC),
- Duravant LLC
- Massman Automation Designs LLC
- Robert Bosch Packaging Technology GmbH
- Standard-Knapp Inc
- Texwrap Packaging Systems
- Conflex Incorporates
- Saitech Inc
- Arpac LLC
- Shrinkwrap Machinery Co. Ltd
- Gebo Cermex
- Yorkshire Packaging Systems
- Extreme Packaging Machinery
- U.S. Packaging and Wrapping LLC and
- MSK Verpackungs-Systems GmbH
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