Home > Packaging > Packaging Equipment > Shrink Wrapping Machines Market

Shrink Wrapping Machines Market Share

Report ID: GMI12538
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Shrink Wrapping Machines Market Share

Shrink Wrapping Machines Market Company Share Analysis, 2023

In 2023, key companies like Aetna Group, Duravant, Lantech, Maillis, Clamco, etc. held a combined market share of 40-45%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced shrink-wrapping machines that aligns with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Shrink Wrapping Machines Market Companies

Major players operating in the shrink-wrapping machines industry are:

Aetna Group
Axon
Clamco
Conflex Incorporates
Duravant
Lantech
Maillis
Massman Automation Designs
ProMach
Standard-Knapp
Texwrap Packaging Systems
Tripack

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for shrink wrapping machines was valued at USD 1.9 billion in 2023 and is expected to reach USD 2.8 billion by 2032, driven by a CAGR of over 4.5% from 2024 to 2032.

L-Bar sealers accounted for a majority industry value of USD 890 million in 2023 and are projected to grow at a CAGR of 5.2% during the forecast period, driven by their versatility and user-friendly operation.

The North America market, led by the U.S., was valued at USD 350 million in 2023 and is estimated to grow at a CAGR of over 4.8% from 2024 to 2032, driven by the demand for packaged foods and beverages.

Major players in the industry include Aetna Group, Axon, Clamco, Conflex Incorporates, Duravant, Lantech, Maillis, Massman Automation Designs, ProMach, Standard-Knapp, Texwrap Packaging Systems, and Tripack.