The sleeve wrapping machine market has experienced a significant transformation over the past decade, driven by global expansion across various micro and macro industries. From craft beer cans to tamper-evident pharmaceuticals and personal care products, sleeve-wrapping technology has found widespread applications and shows no signs of slowing down.
Projections indicate that the market is poised for robust growth, with an anticipated Compound Annual Growth Rate (CAGR) of 4.9% from 2022 to 2032. This growth trajectory is expected to elevate the market from its current value of US$ 999 million to an impressive US$ 1,611.78 million by 2032.
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Shrink sleeve technology, known for its 360-degree messaging and high shelf impact, has made significant advancements in the packaging industry. Technological innovations have led to the development of new methods involving the cross-linking of polyolefin to enhance strength and durability.
The invention of polyolefin materials spurred the need for specialized equipment like sleeve wrapping machines, which efficiently apply shrink films. These machines utilize warm air to contract the sleeve tightly around the object being wrapped, creating an airtight seal.
Notably, the heat shrink sleeve format is experiencing substantial growth in North America, expanding beyond traditional applications in food and beverages to encompass nutraceuticals, household chemicals, and even health and beauty products. This diversification is driving a seven percent growth rate in the region, further highlighting the versatility and potential of sleeve wrapping technology.
The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Sleeve Wrapping Machine
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Sleeve Wrapping Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Sleeve Wrapping Machine Market Takeaways and Projections
- The U.S. is expected to lead the North America Sleeve Wrapping Machine market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Report Benefits & Key Questions Answered
- Sleeve Wrapping Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the Sleeve Wrapping Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Sleeve Wrapping Machine market for the forecast period 2022-2032.
- Sleeve Wrapping Machine Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Sleeve Wrapping Machine for the assessment period. As per the study, the demand for Sleeve Wrapping Machine will grow at a robust CAGR between 2022 and 2032.
- Sleeve Wrapping Machine Market Trend Analysis: The latest study by FMI on the Sleeve Wrapping Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Sleeve Wrapping Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Sleeve Wrapping Machine: Segmentation
By machine type:
- Automatic
- Semi-automatic
By machine speed:
- Moderate speed ( 30 packs/min)
- High speed ( up to 100 cycles/min)
By end-use:
- Food & beverage industry
- Pharmaceutical industry
- Logistic industry
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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