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Clingwrap Machine Market Size, Share, and Industry Analysis, By Type (Tabletop and Tray); By Process Type (Manual, Semi-Automatic, and Automatic); By Application (Food Wrap, Industrial Wrap, Protective Wrap, and Others), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI110052 | Status : UpcomingClingwrap machines or stretch film packaging machines are an essential part of the food packaging industry. It is an integral part of the process line, restaurants, and food outlets. Clingwrap machines are deployed majorly in the process line in the packaging industry that keep food products safe and extend shelf life. The machines are cost-effective, hygenic, and conveniently accessible for the operation by end users.
The global rise in food demand and fast food outlets has resulted in an increased demand for Clingwrap Machine equipment. This equipment provides cost-effective, minimal material wastage, and optimized packaging process, promoting product integrity and compliance. Further, supportive government initiatives and grants are encouraging the adoption of sustainable films in the clingwrap machine industry.
- In April 2023, the Government of Canada announced an investment of USD 8.2 million for three clingwrap machine firms in southern Ontario to promote job creation and develop and scale green Canadian packaging solutions and products.
The COVID-19 pandemic has had a significant impact on the global clingwrap machine market. Sales of these machines and other packaging solutions were negatively affected by the pandemic. Travel restrictions and supply chain constraints made things more challenging. To recover from the pandemic, packaging equipment manufacturers and end users considered making strategic decisions.
Players in the industry are conducting research and development activities to improve the technology used in the packaging process with automated working machines.
Impact of Generative AI on the Clingwrap Machine Market
Industries are rapidly adopting AI disruptors to keep up with technological advancements and unlock exponential business value. According to industry experts, generative AI has been reported to be one of the most influential technology trends of 2022. Nearly 40% of companies plan to increase their AI investments in the coming years, mainly due to the potential of generative AI.
Moreover, Gen AI has the potential to revolutionize the food packaging industry. According to industry experts, this is due to factors such as a shortage of skilled labor, high demand for packaged food products, and increased emphasis on technology-driven processes to optimize workspace efficiency, which is leading to the faster adoption of digital technologies in the food packaging industry.
- In February 2024, IMA Group, a prominent battery, pharmaceutical, and food processing and packaging equipment manufacturer, announced the launch of two Artificial Intelligence (AI) automatic machines. The aim is to enhance the efficiency and effectiveness of the services provided to consumers.
Key Insights
The report covers the following key insights:
- Micro Macro Economic Indicators
- Drivers, Restraints, Trends, and Opportunities
- Business Strategies Adopted by Key Players
- Impact of Generative AI on the Global Clingwrap Machine Market
- Consolidated SWOT Analysis of Key Players
Segmentation
By Type | By Process Type | By Application | By Region |
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Analysis By Process Type
In 2023, the semi-automatic segment dominated the market as the machine requires only a minimal viable workforce for the operation. The machines also offer convenience, cost-effectiveness, and efficiency in the process line that maximizes production output. However, rapid urbanization, changing consumer behavior, and growing disposable incomes in emerging markets such as India, South America, and South East Asia promote lucrative opportunities for automatic cling wrap machine manufacturers to inflate their presence and tap into untouched new consumer segments.
Regional Analysis
The global clingwrap machine market has been studied across five regions: North America, South America, Europe, the Middle East & Africa, and Asia Pacific.
The Asia Pacific market is estimated to register the largest share due to growing investments in food startups, cloud kitchens, and food processing industries in lucrative markets such as India, Indonesia, and other south Asian developing countries. The growing emphasis on the development of small and medium enterprises (SME) has pushed the revenue for clingwrap machine manufacturers.
In addition, the North America market is benefiting from the government's push for technology adoption in the food service industry. Further, increasing automation in the packaged food processing lines and supportive trends such as convenience food ordering and online grocery services are driving the adoption of clingwrap machines.
The Europe market is set to exhibit a moderate growth rate during the forecast period. This is primarily due to the increasing focus on sustainability and stringent regulations regarding food packaging materials. There is a growing preference for eco-friendly packaging that drives demand for biodegradable polymer films.
Distribution of the Global Clingwrap Machine Market, By Region of Origin:
- North America – 23%
- South America – 13%
- Europe – 21%
- Middle East & Africa – 9%
- Asia Pacific – 34%
Key Players Covered
The key players in this market include Hangzhou Youngsun Intelligent Equipment Co., Ltd, Innova Maquinaria Industrial S.L, Signode Industrial Group LLC, Berran Industrial Group, Inc., AETNA Group SpA, Atlanta Stretch SpAa, Durapak, ADEX S.r.l, ProMach Inc., Italdibipack SpA, Lantech, and Technowrapp Srl.
Key Industry Developments
- February 2024: Innova Group, a leading packaging solution provider, launched its new pallet stretch wrapper entirely designed and manufactured in its hometown of Spain using high-quality European components. This innovative pallet wrapping system features the fastest rotary arm for wrapping.
- January 2024: Robopac, a prominent end-of-line packaging machinery manufacturer, showcased its five-stretched film wrapping solution for fruits and vegetables. Robot S7 is a self-propelled machine specially designed to wrap and stabilize palletized loads in a range of shapes, sizes, and charts.
- Global
- 2023
- 2019-2022