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New Report Covers Pallet Stretch Wrapping Machines Market Key Drivers Supporting Growth through 2027

Feb 26th 2019 at 12:25 AM

A new report titled “Pallet Stretch Wrapping Machines Market Key Drivers Supporting Growth through 2027” has been included in the enormous research repository of Market Research Reports Search Engine (MRRSE) that compiles various facets of the Pallet Stretch Wrapping Machines Market at a global level portraying a holistic analysis of the marketplace along with intelligence on key participants. The report covers an unbiased analysis on various market aspects, emphasizing major trends giving direction to the market, key opportunities paving new growth avenues, key drivers pushing the market’s growth and challenges and restraints hindering the market for Pallet Stretch Wrapping Machines Market across the globe.

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Product damage during transportation caused due to unstable wrapping is a major challenge faced by manufacturers across various end use industries. This has triggered the demand for unitization of loads with stable and effective wrapping of bulk products on the pallet. Pallet stretch wrapping is a type of stretch wrapping which entails stacking of products on each other on the pallet and the assembly is wrapped. Machines used for pallet stretch wrapping are specialised machines that are used for handling and picking of pallet loads of variable weights and random heights. Goods are firmly wrapped in way that displacement of goods does not occur during transportation or shipment. Pallet wrapping machines are available in semi-automatic and automatic models. They are used in various industries such as consumer products, food and beverage, automotive, pharmaceuticals and textiles, to name a few.

In conventional methods of packaging, end use industries procure discrete machine pieces and integrate them. Owing to growth of the retail market and increasing demand for packed goods, customers are preferring machines that deliver high efficiency in less time. Companies involved in the packaging machinery industry are continuously pushing for customized integration that offers desired output. For achieving stability and efficiency in stretch packaging, both wrapper setup and stretch film properties should be tailored that can enhance efficiency of packaging line, reduce film use and decrease costs associated with product damage during shipping. Optimization of wrapper settings can improve stability of the pallet. This significantly can reduce costs, increase speed of production as well as reduce carbon footprint of the operation while packaging and at the same time maintaining the stability needs of the pallet load.

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With respect to use of pallet stretch wrapping machines, food and beverage sector stays at the forefront. Growing food and beverage industry has driven use of packaging of food products that are shipped across regions. Efficient shipping of food products with no spillage or damage is driving the use of pallet stretch wrapping in the industry as they stabilize the loads, which in turn has pushed the demand for pallet stretch wrapping machines. The food and beverage sector has been dominating the global pallet stretch wrapping machines market since past several years.

Growing adoption of these machines in this industry has attracted several manufacturers to develop efficient packaging machines by carrying out improvisation and optimizing their product. In 2017, the sales of pallet stretch wrapping machines in the food and beverage industry was around US$ 177 Mn. This figure is expected to surpass US$ 260 Mn by the end of the assessment year (2027) owing to steady adoption of these packaging machines in wrapping various food products and beverage cans. Moreover, automotive industry is the second largest and a lucrative one. As per research, the adoption of pallet stretch wrapping machines in this sector is growing at a relatively high rate as compared to food and beverages industry. The sales of these packaging machines in automotive industry are projected to expand at a rate of 4.6% during the forecast period.

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