Transparency
Market Research Report Added " Shrink
Wrap Packaging Systems Market "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.
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.
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.
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