Albany, New York, September 14, 2018: Widespread adoption of advanced stretch wrap machines in the packaging industry, as a super-efficient tool to provide cost effective, flawless packing solutions will continue to remain a key growth influencer for the stretch wrap machines market. Extensive applications of stretch wrap machines, in the ever growing food and pharmaceutical industries, owing to its potential for effectively keeping products from spoilage and wastage are also an important growth factor. Revenues from the stretch wrap machines market were estimated at US$ 758.1 Mn in 2018, and are projected to record a CAGR of 7.5% through 2026. These in-depth insights have been gleaned from the report titled “Global Market Study on Stretch Wrap Machines: Europe & China to Collectively Account for over Half the Global Market Share by 2026 End” added recently to the vast repository of Market Research Reports Search Engine (MRRSE).
Demand for optimization in packaging solutions has resulted in large-scale replacements of shrink wrap machines with stretch wrap machines. In addition, the rising demand for processed, chilled, and frozen products also favors the growth of the stretch wrap machine market. Turntable type of stretch wrap machines will continue to hold a majority share of the market, while the semi-automatic stretch wrap machines are expected to dominate over other automated counterparts.
European countries are expected to continue as regional leaders in the stretch wrap machines market. Better access to advanced technologies and innovative research & development remains the key driving factor of the stretch wrap machines market in the region. Market growth in developing countries such as China and India is also expected to grow rapidly owing to a vast population base and an ever increasing demand for processed foods and beverages, along with the fast growth of the pharmaceutical industries in these regions.
Stretch Wrap Machines Market: Report Summary and Research Methodology
The development of this report is based on the terms of a reliable research methodology for analyzing accurate market values and forecasts for the stretch wrap machine market. The methodology of research followed for the compilation of this report uses detailed interviews and discussions with key market players, and extensive feedback collected from prominent industry experts.
Data analysis and projections regarding technological advancements, market drivers, constraints, and opportunities of stretch wrap machines have been offered in the report, by using proprietary research structures & crucial analyses that has been further validated by market players. Frameworks used include value chain analysis, pricing analysis, key financial ratios, market attractiveness analysis, macro-economic factor performance, segment analysis in terms of absolute dollar and Y-o-Y growth projections.
For validating the data acquired from extensive secondary researches, interactions with experienced panel members, who have immense hands-on experience related to these machines, have been used. Additionally, analysts who have complied this report have made the utmost use of existing valid sources of information, and paid databases present in the public domain to perform an accurate analysis and gain insights on the stretch wrap machine market.
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