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Overwrapping Machines Market Share

Report ID: GMI12774
Published Date: Dec 2024
Report Format: PDF

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Overwrapping Machines Market Share

The overwrapping machines industry is fragmented, with prominent players holding a market share of 10%-15% of the total market share. In the market, companies are focusing on several key factors to remain competitive and cater to the evolving demands of the packaging industry. One of the primary concerns is the need for automation and efficiency, as manufacturers look to reduce labor costs and improve production speeds. Overwrapping machines equipped with advanced technologies, such as servo drives and IoT features, are gaining popularity due to their precision and ability to enable predictive maintenance, ensuring reduced downtime.

Overwrapping Machines Market Companies

Major players operating in the overwrapping machines industry include:

Aetna Group S.p.A.
CAM Packaging Systems Ltd.
Coesia S.p.A.
FUJI CORPORATION
GEA Group AG
Harpak-ULMA Packaging, LLC
Haver & Boecker OHG
I.M.A. Industria Machine Automatiche S.p.A.
Ishida Co., Ltd.
Krones AG
Marchesini Group S.p.A.
Omori Machinery Co., Ltd.
ProMach, Inc.
Robert Bosch GmbH
SACMI IMOLA S.C.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for overwrapping machines was valued at USD 1.9 billion in 2024 and is projected to reach USD 3.4 billion by 2034, driven by a CAGR of over 6.5% during the forecast period, fueled by the rising demand for sustainable packaging solutions.

Shrink machines accounted for approximately 42.5% of the market share in 2024 and are expected to grow at a CAGR of 6.6% by 2034, driven by their ability to provide tamper-evident, protective, and visually appealing packaging.

The U.S. market accounted for around 73% of the North American market share in 2024, driven by strong demand for automated packaging solutions and the integration of IoT features to enhance machine performance.

Major players in the industry include Aetna Group S.p.A., CAM Packaging Systems Ltd., Coesia S.p.A., FUJI CORPORATION, GEA Group AG, Harpak-ULMA Packaging, LLC, Haver & Boecker OHG, I.M.A. Industria Machine Automatiche S.p.A., Ishida Co., Ltd., Krones AG, Marchesini Group S.p.A., Omori Machinery Co., Ltd., ProMach, Inc., Robert Bosch GmbH, and SACMI IMOLA S.C.