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Overwrapping Machines Market Size
The global overwrapping machines market was valued at USD 1.9 billion in 2024 and is estimated to grow at a CAGR of over 6.5% from 2025 and 2034.
The growing focus on environmental sustainability has changed how consumers and businesses approach packaging. Overwrapping machines now support eco-friendly materials like biodegradable films and recycled paper. Food, pharmaceutical, and consumer goods companies are switching to these materials to meet both consumer demands and environmental rules. This shift opens new growth opportunities in the market.
Additionally, global regulations to reduce plastic waste have pushed companies toward greener practices. Overwrapping machines that handle sustainable materials help businesses follow these rules while keeping products safe and well-presented. As companies adapt to these requirements, machine manufacturers are developing better technologies to meet market needs. Companies' efforts to reduce their environmental impact have led to more investment in efficient packaging solutions. Overwrapping machines help by reducing waste and using less energy. Businesses that use these machines for sustainable packaging gain favor with environmentally conscious consumers, helping them stay competitive in the market.
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.