Increasing customer demand for quality, speed, and safety across the supply chain is driving the optimization of packaging operations. Pallet stretch wrappers are newly equipped with new features to meet consumer demands. End users need machines that can provide efficient packaging, safe transport and secure loading with greater efficiency.
Pallet stretch wrappers are unitized machines that require minimal operator intervention. These machines are seen as critical packaging solutions from the beginning of the transportation process and logistics, rather than at the end of the packaging line. This has stimulated the demand for pallet stretch wrapping machines in various industries. To maintain packaging standards, suppliers and manufacturers of semi-automatic and automatic packaging machines offer sophisticated test labs for testing and analysis.
The latest pallet stretch wrappers are equipped with advanced sensors that detect load weight, load height and stability quotient. These features are expected to drive the growth of the global pallet stretch wrapping machine market in the coming years.
Since pallet stretch wrappers pack pallet loads faster per hour, they are used by manufacturers with high production volumes. Manufacturers with high production volumes that require high pallet loads choose these machines. Pallet stretch wrappers are more expensive than other wrappers and are unaffordable for smaller manufacturers with low production volumes. Due to low production volumes, the packaging machines are used for short periods of time, thus leading to long idle times. This has led to an increasing reluctance to use pallet stretch wrappers in end-use industries with relatively low production volumes, thus hampering the growth of the global market.
According to the Institute, the global pallet stretch wrapping machine market is expected to grow at a CAGR of 4.3% throughout the assessment period. the global market is valued at USD 412.5 million in 2022 and is expected to be valued at over USD 509.9 million by 2027.
Asia Pacific excluding Japan (APEJ) is expected to be the largest region in terms of adoption of stretch wrappers for trays. The region is characterized by the presence of various end-use industries that require the installation of such packaging machines. The emerging economies of China and India are creating potential growth opportunities for pallet stretch wrapping machine manufacturers.
Since the past few years, there has been an increasing interest in automatic pallet stretch wrappers. Increasing use of rotary arms, turntables, robots, and ring automation machines is driving the adoption of automatic pallet stretch wrappers in the end-use industry
The standard order segment in order type is expected to lead the global market with high market valuation and significant growth rate as end users prefer standard machines developed by manufacturers over customized wrappers.
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