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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.
What is the market share of shrink machines in the overwrapping machines industry?
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.
How much is the U.S. overwrapping machines market worth?
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.
How big is the overwrapping machines market?
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.
Who are the major players in the overwrapping machines industry?
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.