Orbital Stretch Wrapper Market By Product (Plastic Extrusions, Carpet Rolls, Lumber, Aluminium Siding, & Others), By Type (Semi-Automatic, Full Automatic, & Manual), By Application (Pipes, Furniture, Mouldings, Wooden Boards, & Others), By End Use Industry (Electronics (Consumer Electronics, Industrial Electronics, & Others), Packaging Industry, Chemical, Pharmaceuticals, & Others) - Global Opportunity Analysis & Industry Forecast, 2022-2027
Orbital Stretch Wrapper Market Overview
The orbital stretch wrapper market size is estimated to grow with a CAGR of around 4.1% from 2022 to 2027. The orbital stretch wrappers are film wrapping machine that is widely used for packaging various items. It is well suited for product such as plastic extrusions, wrapping pipes, aluminium siding, carpet rolls, and others. The orbital stretch wrappers are used to wrap the stretched plastic film in furniture, wooden boards, mouldings, and others. The growing demand of orbital stretch wrapper in the packaging industries is driving the global orbital stretch wrapper market. Furthermore, increase in manufacturing activities for the stretch wrapping machine for application in various end-use industries such as packaging, chemical products, electronics, and others will offer major growth in the orbital stretch wrapper industry during the forecast period.
The global economic shutdown and production disruptions due to covid-19 pandemic affected the growth of orbital stretch wrapper market. The disrupted production activities, supply and demand gap, logistics disturbances, and other lockdown restrictions led to fall in growth in the market. The orbital stretch wrapper has applications in packaging sector, electronics, and others. The packaging industry was majorly affected in the COVID-19 outbreak. The demand for packaging in transportation and industrial activities saw a major decline. The closure of foodservice outlets, hotels, and restaurants led to decline in the demand for packaging in food sector. According to the United States Department of Agriculture (USDA), the food service sector declined by 16.9% in 2020 compared to the previous year. Furthermore, the supply chain was disrupted and did not fulfill the rising demand for packaging in healthcare. Thus, with falling demand for packaging industry in the outbreak, the applications of orbital stretch wrappers such as lumber, furniture, pipes, and other packaging forms saw a decline. Thus, the orbital stretch wrapper market saw a fall in demand in the covid-19 outbreak phase.
The “Orbital Stretch Wrapper Market report – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the global orbital stretch wrapper industry.
By Product: Plastic
Extrusions, Carpet Rolls, Lumber, Aluminium Siding, and Others
By Type: Semi-Automatic, Full Automatic, and Manual
By Application: Pipes, Furniture, Mouldings, Wooden Boards, and Others
By End Use Industry: Electronics (Consumer Electronics, Industrial Electronics, and Others), Packaging Industry, Chemical, Pharmaceuticals, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)
- The orbital stretch wrapper market size will grow due to high demand in packaging, chemical, electronics, pharmaceuticals, and other end-use industries during the forecast period.
- The Asia Pacific region is the fastest growing region in the global orbital stretch wrapper industry due to high demand of orbital stretch wrappers in plastic film packaging application in food, furniture, and others.
- The full automatic orbital stretch wrapper type will grow owing to its high efficiency, time saving, cost reductions, and quality packaging and wrapping features.
Figure: Asia Pacific Orbital stretch wrapper Market Revenue, 2021-2027 (US$ Billions)
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Orbital Stretch Wrapper Market Segment Analysis – By Type
By type, the full automatic segment held the largest global orbital stretch wrapper market share and is expected to grow by over 4.9% during the forecast period. The growth of full automatic orbital stretch wrapper is influenced by increasing demand in the packaging end-use industry. The fully automatic machine type offers benefits such as efficiency, time saving, quality, and reduction in shipping costs. The automatic orbital stretch wrapper machine is widely used for high-speed packaging, and other product type such as plastic extrusions, aluminium sidings, pipe, furniture kits, and others. Moreover, the high usage of automatic orbital stretch wrapper for furniture, windows and doors, and others is offering major growth of orbital stretch wrapper in the packaging sector. According to the India Brand Equity Foundation (IBEF), the packaging sector in India is estimated to reach around USD 975 million by the year 2025. Thus, with growing demand of full automatic orbital stretch owing to its superior features such as time saving, cost efficiency, and quality output in the packaging sector, the orbital stretch wrapper market will grow during the forecast period.
Global Orbital Stretch Wrapper Market Segment Analysis – By End-Use Industry
By end-use industry, the packaging segment holds the largest global orbital stretch wrapper market share and will grow at a CAGR of over 4.6% during the forecast period. The high demand of orbital stretch wrappers in the packaging sector is influenced by the rising wrap packaging applications in pipes, furniture, doors, cardboards, food & beverage, and others. The oxygen scavengers are usually used in the active packaging technology to maintain safety and shelf life. Furthermore, the excellent properties of the orbital stretch wrap plastic film such as tear resistance, static discharge, break resistance, and clarity makes it ideal for various wrapping and packing applications in the packaging sector. According to the Flexible Packaging Association (FPA), the flexible packaging industry in United States reached around USD 33.6 billion in the sales value for the year 2019. The growing demand of orbital stretch wrapper in the packaging industry for furniture, food packages, electronic devices, and others is offering growth in the market. Thus, with rise in the applications in the packaging industry, the global orbital stretch wrapper industry will grow rapidly in the coming years.
Global Orbital Stretch Wrapper Market Segment Analysis – By Geography
By geography, the Asia Pacific segment is the fastest-growing region in the orbital stretch wrapper market for the year 2021 and will grow by over 4.2% during the forecast period. The growth of global orbital stretch wrapper industry in this region is influenced by rising demand in packaging, electronics, pharmaceuticals, and other end-users. The growth of packaging and wrapping demand in the pharmaceuticals and food processing sector is also boosting the application of orbital stretch wrapper machines in the market. According to the Wisconsin Economic Development Corporation, the flexible packaging in Asia is expected to reach USD 7 billion by 2024, creating high demand for plastics film in secondary packaging. Furthermore, the high packaging demand and increasing packaging machinery production in countries such as China, Japan, and others will boost the growth of global orbital stretch wrapper industry. Thus, with increasing demand in food and beverage packaging, furniture, pipes, electronics, and others, the orbital stretch wrapper market will grow during the forecast period.
Global Orbital Stretch Wrapper Market– Drivers
Growing demand for automated and durable shelf life packaging
The high demand of orbital stretch wrapper for durable packaging applications is boosting the growth in the market. There is a high demand for safety and long shelf life packaging technology across various industrial verticals. The increasing use of fully automated orbital stretch wrapper machine type owing to its high speed wrapping, labor costs reduction, and time saving features. The rise in the demand of automated stretch wrapper for packaging industry is driving the market of orbital stretch wrapper. According to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the packaging sector in India was estimated to reach the market size of around USD 72.5 billion in 2020. Thus, the increasing growth of full automatic type of orbital stretch wrapper for high speed packaging and wrapping applications is offering major growth opportunities in the orbital stretch industry.
Increasing growth in furniture applications is driving the orbital stretch wrapper market
The orbital stretch wrapper has growing applications in the furniture and wooden items wrapping and packing. The orbital stretch wrapper uses stretched plastic film, prepared using blow molding, for wrapping around the lumber furniture such as wooden panels, boards, windows, and other large products in order to ensure safe handling and loading in transportation. The orbital stretch wrappers offer protection from damage during storage and travel. The increasing use of the orbital stretch wrapper for lumber, furniture and other large wooden products is creating a drive in the orbital stretch wrapper market. For instance, the Cortec launched the Eco Wrap in 2021, which is compostable stretch film suitable for furniture, lumber, pallet wraps, and others. Thus, the increasing applications of orbital stretch wrappers in furniture and wooden items wrapping and packaging for transportation and shipping is leading to growth of the orbital stretch wrapper market.
Global Orbital Stretch Wrapper Market– Challenges
Unsuitability for small productions line
The orbital stretch wrapper is used for various wrapping and packaging industry. The manual orbital stretch wrapper type is unsuitable for heavy operations. The big or heavy product is not suitable in the manual or semi-automatic orbital stretch wrapper machine type. Furthermore, the high cost associated with automatic orbital stretch wrapper type is a major challenge for the small-scale manufacturers. Thus, the high prices of automatic machine type and heavy load for manual and semi-automatic type for small manufacturers are leading to a fall in growth of orbital stretch wrapper industry.
Global Orbital Stretch Wrapper Industry Outlook
The global orbital stretch wrapper top 10 companies include:
9. Messersi Packaging
10. Movitec Wrapping Systems SL
- In April 2021, the Pacteon acquired the Phoenix Stretch Wrappers company with the aim to boost the stretch wrapper production and expand the packaging line.
- In April 2021, the MOSCA acquired the Movitec, a leading player in the stretch film wrapper system, with the aim to expand the wrapping system machine line and fast packaging and transportation.
- In May 2019, the Aetnagroup S.P.A acquired the OCME a leading firm in the production of stretch wrap machines in the packaging sector.
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