Hand Wrappers Market Size & Share | Industry Trends Analysis...

Hand Wrappers Market Size & Share | Industry Trends Analysis Report for 2033

Posted 2023-05-26 19:35:14

The global hand wrappers market is expected to register a market value of US$ 12.1 billion in 2023 and is projected to accumulate a valuation of US$ 19.5 billion by exhibiting a CAGR of 4.8 % in the forecast period 2023 to 2033. The hand wrappers market registered a CAGR of 4% in the historical period 2018 to 2022.

For instance, on February 23, 2021, the ROBOT S6 Portable Stretch Wrapper, one of the most cutting-edge devices now on the market, will contain exclusive Cube Technology. With the use of this technology, labour costs were decreased along with product damage.

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What is Driving Demand for Hand Wrappers?

Factors that are driving the demand for hand wrappers include population growth, the developing food and beverage industry, and others. Furthermore, the increased emphasis on packaging to differentiate diverse items in the marketplace is expected to drive demand for hand wrappers.

On the other hand, differentiating food goods through the aesthetic appeal of packaging has become increasingly crucial for food manufacturers as urbanisation and the emergence of supermarkets and hypermarkets have increased. Furthermore, customers are becoming more aware of the components and contents of packages, which is projected to increase demand for hand wrappers.

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Who are the Key Manufacturers and Suppliers of Hand Wrappers?

Some of the leading manufacturers and suppliers of hand wrappers include

Asahi Industry Co., Ltd.
Muller LCS
Cortec® Corporation
Orion Packaging Systems LLC
Duravant
Daily Sealing
Lantech
Liberty Packaging Systems LLP
Berry Global Group, Inc.
IMA Group
ProMach, Inc.
Aetnagroup S.p.A

Many leading manufacturers are focusing on expanding their business through various advancements in technology and mergers and acquisitions. For instance,

On, January 20, 2021 – Duravant LLC, a global provider of engineered equipment and automation solutions to the food processing, packaging, and material handling industries, has formed nVenia, LLC, a new operating company within Duravant’s Packaging Solutions Segment formed by the merger of Arpac, Hamer-Fischbein, and Ohlson.

As a result of uniting these companies under one roof and one name, manufacturers are able to develop next-generation packaging equipment, such as shrink wrappers, as well as other innovative solutions for their clients, which is projected to boost demand for hand wrappers in the near future.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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