The global shrink wrapping machines market size was exhibited at USD 1,119 million in 2024 and is projected to hit around USD 1,461 million by 2034, growing at a CAGR of 2.7% during the forecast period 2024 to 2034.
The shrink-wrapping machines are used to shrink the plastic films by applying heat in a shrink tunnel or shrink chamber and are available in various forms depending on the process of shrinking. There are several categories such as I-bar sealers, L-bar sealers, portable sealers, round wire impulse sealers, and many more. The increasing shipping of products across long distances influences the growth of the shrink-wrapping machine market. Also, the rising disposable income of individuals drives the demand for premium packaging solutions.
The increasing demand for safe packaging of fresh food products with the rising awareness about the benefits of consuming fresh vegetables, fruits, meat, seafood, and other products with no risk of contamination is driving the market for the shrink wrapping machine. Also, the rising e-commerce sectors, logistics, and transport activities propel the market for the shrink wrapping machine. Moreover, innovations in technology like automated systems and environment-friendly materials are driving the market for shrink-wrapping machines. In addition, the busy schedules of individuals and rising online sectors positively impact the market for the shrink wrapping machines.
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| Stats ID: | 7226 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7226 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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