Cling Wrap Machine Market to Rise at a CAGR of 3.8% during Forecast Period, notes TMR Study

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Sep 01, 2022, 09:30 ET

Asia Pacific region's usage of cling wrap machines is anticipated to increase as the food and beverage industry expands.
The global cling wrap machine market is expected to benefit from the increasing sales of frozen food items.

WILMINGTON, Del., Sept. 1, 2022 /PRNewswire/ -- In 2021, the value of global cling wrap machine market was clocked at US$ 516.0 Mn. The global market is anticipated to progress at 3.8% CAGR during the forecast period, from 2022 to 2030. By 2030, the global cling wrap machine market is expected to touch value of US$ 720.1 Mn. The surge in demand for improved packaging technology amongst various end users is expected to propel the global cling wrap machine market during the forecast timeline. In addition, rising consumer inclination toward eco-friendly packaging, favorable governmental regulations, as well as manufacturing advancements are projected to drive global demand of cresols market.

Another important driver estimated to widen scope of opportunity for cresols market is the advent of simple-to-use, affordable equipment. In the forthcoming years, the market for cling wrap machines is anticipated to grow due to advantages including low power usage, secure packaging for food goods, and tamper-proof packaging. In order to grow their market share, the top companies in the cling wrap machine market are concentrating on innovative machinery technologies.

According to a study of consumer demand for cling wrap machines, the future business opportunities in cresols market is expected to rise due to its utilization in the food and beverage industry. The market for cling wrap machines is being driven by an increase in consumption of frozen food products as well as fresh vegetables.

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Key Findings of Market Report

A sharp increase in the consumption of packaged foods including fish, poultry, meat, vegetables, and fruits is anticipated to increase use of cling wrap films, which preserve product freshness and quality. Cling wrap machine sales are expected to increase as a result of this. Furthermore, using transparent packaging for fresh fruit improves the aesthetics of the finished products. Additionally, it also lengthens the product's shelf life. Cling wrap machines are therefore becoming more and more popular as preferred methods of applying wraps and films to trays and packs all over the world.
Pharma businesses with a global reputation need to deliver their goods to markets in remote areas. In order to guarantee that pharmaceutical items are packaged in a way that is tamper-proof, producers are turning to cling wrap machines as their preferred packaging options. As a result, rising demand from across a range of end-use sectors, such as pharmaceuticals is likely to present growth opportunities to the key players operating in the cresols market.
Environmentally hazardous packaging materials are being replaced with those made from sustainably derived materials by the informed customer base in developed areas like North America and Europe. Unlike metal, paper, and wood, the basic material used to make cling wrap film is plastic, which is 100% recyclable. In order to appeal to buyers who value the environment, makers of cling wrap machines are pitching their products as green end-of-the-line packaging products that employ cling wrap films.
The introduction of new brands into the food business, such as those that sell fish, poultry, meat, fruits, and vegetables is pushing consumers to shell out more for packaging that is fit for consumables. Thus, increasing proliferation of various food brands in the marketplace is projected to raise demand for mechanical solutions for packaging, which is estimated to positively impact the cling wrap machine market.

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Global Cling Wrap Machine Market: Growth Drivers

The global market for cling wrap machines is likely to benefit from the rising demand for and sales of frozen food items. In the industry of modern packaging technology, cling wrap machines are rising in popularity as the go-to stretch wrapping option.
Technological advancements are likely to propel the market for packaging machines. The end-use businesses have increased their manufacturing and packaging capacity in response to the rising demand for packaged food products. Additionally, packaging machinery makers need to provide equipment with minimal power usage and high-speed packaging abilities.

Global Cling Wrap Machine Market: Key Players

Some of the key market players are

Hangzhou Youngsun Intelligent Equipment Co., Ltd
Innova Maquinaria Industrial S.L
Signode Industrial Group LLC
Berran Industrial Group, Inc.
AETNA Group SpA
Atlanta Stretch SpA

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Global Cling Wrap Machine Market: Segmentation

Operating Type

Automatic
Semi-automatic
Manual

Machine Type

Horizontal
Vertical

End Use

Food & Beverages
Healthcare
Electrical & Electronics
Other Consumer Goods

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