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lindang56 · Joined: 28 Mar 2019 Posts: 396

Wrapping Machine Market: Global Industry Analysis by Top Key Vendors
by sarajames · December 12 Anthony Rendon Nike Jersey , 2019

Factors such as inclination of consumers toward convenient, packaged, processed Ryan Zimmerman Jersey , and ready-to-eat food products is anticipated to propel market growth. In addition, growing demand from the food and beverage industry is also anticipated to favor market growth.

Moreover, increasing awareness among consumers regarding health, packaging, and hygiene is likely to trigger market growth over the forecast period. Factors like government regulations for equipment manufacturers and secure work environment to safeguard industry norms and product standardization are expected to drive the market over the forecast period.

The stretch machine segment dominated the market in 2018 and is anticipated to exhibit a CAGR of 9.5% over the forecast period. Technological advancements, growing demand from application industries Michael Taylor Jersey , and need for product-based packaging are some of the factors that are expected to favor segment growth.

The automatic mode of operation is projected to dominate the global market by 2025 and is anticipated to register a CAGR of 9.3% over the forecast period. Rapid industrialization, automation in the process, adoption of industry 4.0, and other technological advancements are projected to spur the demand for automated wrapping machine over the forecast period.

The food application segment accounted for the largest market share in 2018 whereas the beverage segment is likely to exhibit a CAGR of 9.2% over the forecast period. Favorable growth of the food and beverage industry, particularly in Asia Pacific, Central and South America Adam Eaton Jersey , and Middle East, is anticipated to act as a market driver over the forecast period.

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Further key findings from the report suggest:

The U.S. market is expected to witness a CAGR of 13.2% owing to a thriving food and beverage industry, potential market opportunities, and favorable government policies The Russia market is expected to be valued at USD 329.1 million by 2025. Positive GDP growth and rise in purchasing power of consumers are anticipated to favor the market in Russia In 2018, China accounted for a revenue share of 11.4% in the global market. Product innovations, developments Wilmer Difo Jersey , and introduction of advanced technologies offer favorable opportunities for new markets like beverage, pharmaceutical, and personal care in China Key players operating in the wrapping machine market include Duravant LLC; Aetnagroup S.p.A.; Robert Bosch GmbH; Coesia S.p.A.; IMA Group; ProMach, Inc.; and Lantech. In December 2018, Duravant acquired Wulftec International, Inc. Sean Doolittle Jersey , a North America-based company manufacturing semi-automatic and fully automatic stretch wrapping machine. >BENEFITS OF CLOUD APPLICATION DEVELOPMENT FOR YOUR BEAVERTON BUSINESS

Posted by everestinc011 on February 6th, 2020

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