Shrink Wrap Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Shrink Wrap Equipment Market Report is Segmented by End-User Industry (Food, Beverages, Pharmaceutical, Industrial, Logistics), and by Geography (North America, Europe, Asia, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Shrink Wrap Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Shrink Wrap Equipment Market Size

Shrink Wrap Equipment Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 3.80 Billion
Market Size (2030) USD 5.86 Billion
CAGR (2025 - 2030) 9.01 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Shrink Wrap Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Shrink Wrap Equipment Market with other markets in Packaging Industry

Advanced Packaging

Packaging Equipment

Contract Packaging

Overall Packaging

Packaging Customers

Packaging Forms

Shrink Wrap Equipment Market Analysis

The Shrink Wrap Equipment Market size is estimated at USD 3.80 billion in 2025, and is expected to reach USD 5.86 billion by 2030, at a CAGR of 9.01% during the forecast period (2025-2030).

  • Shrink packaging for consumer goods offers several benefits, including extended shelf life, ease of handling during transit and storage, reduced environmental impact due to less material usage, and enhanced product protection.
  • Two primary materials are used in shrink wrapping: polyvinyl chloride (PVC) and polyolefin. While PVC is less expensive, its use is limited due to health concerns associated with its production and disposal. Polyolefin (POF) is the more prevalent and preferred shrink film, known for its durability, clarity, and FDA approval for various food applications.
  • Shrink-wrapping products in trays, on pads, or bundled in polyethene film provides a cost-effective and sustainable method for transporting palletised consumer goods through distribution networks. This approach significantly reduces material costs by minimizing or eliminating the need for more expensive corrugated board packaging.
  • Due to its advantages, the demand for shrink-wrap equipment is increasing across various industries. Shrink wrapping equipment offers a faster return on investment and lower energy consumption compared to other packaging methods. It also reduces production output time and packaging material usage while ensuring product safety.
  • Semiautomatic shrinkwrapping tunnels are expected to see significant demand, particularly from small and medium-sized enterprises (SMEs), e-commerce logistics, and food and beverage packaging sectors. However, automatic equipment remains in high demand from large industries utilising pallet wrapping solutions.
  • Shrink wrap requires specific temperature control for effective sealing and product adaptation. Excessive heat can potentially damage products. While shrink wrap provides essential protection against moisture, dust, and debris, it is less secure than other packaging options like padded envelopes, cartons, or cases. Products requiring high impact, shock, or vibration protection are unsuitable for shrink wrapping.

Shrink Wrap Equipment Industry Overview

The shrink wrap equipment market is highly competitive and has several major players. Players in the market adopt strategies like product innovations, partnerships, mergers, and acquisitions to increase their footprint globally. Some of the major companies in the shrink wrap equipment market include U.S. Packaging & Wrapping LLC, MSK Verpackungs-Systeme GmbH, Standard-Knapp, Inc., and among others.

Shrink Wrap Equipment Market Leaders

  1. Texwrap Packaging Systems LLC (Pro Mach Inc.)

  2. Standard-Knapp, Inc.

  3. U.S. Packaging & Wrapping LLC

  4. Conflex Incorporated

  5. Aetna Group S.P.A.

  6. *Disclaimer: Major Players sorted in no particular order
Shrink Wrap Equipment Market Concentration
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Shrink Wrap Equipment Market News

  • April 2024: PAC Machinery (PAC) introduces the Clamco 6800CS-HS Continuous Box Motion Side Sealer, an automatic side sealing system designed for high-speed shrink wrapping of products with varying lengths. This machine can package items up to 16 inches wide with no length limitations, operating at a significantly higher speed than PAC's standard side sealer. The 6800CS-HS incorporates new features that enhance its performance and value in the shrink wrapping market.
  • December 2023: Paper bag manufacturer Sentrex has implemented Mondi's Advantage StretchWrap paper wrapping solution for its pallets. This adoption aims to streamline logistics, enhance efficiency in the wrapping process, and reduce plastic usage. Mondi characterizes Advantage StretchWrap as a durable, fully recyclable kraft paper produced from responsibly sourced materials.

Shrink Wrap Equipment Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Force Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Intensity of Competitive Rivalry
    • 4.3.5 Threat of Substitute Products

5. MARKET DYNAMICS

  • 5.1 Market Driver
    • 5.1.1 Increase in E-Commerce and Retail Business Trends to Drive the Market
    • 5.1.2 Rise in Demand for Product Protection and Preservation
  • 5.2 Market Restraint
    • 5.2.1 High Initial Cost and Maintenance

6. MARKET SEGMENTATION

  • 6.1 By End-User Industry
    • 6.1.1 Food
    • 6.1.2 Beverages
    • 6.1.3 Pharmaceutical
    • 6.1.4 Industrial
    • 6.1.5 Logistics
    • 6.1.6 Other End-User Industries
  • 6.2 By Geography
    • 6.2.1 North America
    • 6.2.2 Europe
    • 6.2.3 Asia
    • 6.2.4 Latin America
    • 6.2.5 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Texwrap Packaging Systems LLC (Pro Mach Inc.)
    • 7.1.2 Standard-Knapp, Inc.
    • 7.1.3 Aetna Group S.P.A.
    • 7.1.4 U.S. Packaging & Wrapping LLC
    • 7.1.5 Conflex Incorporated
    • 7.1.6 PAC Machinery Group
    • 7.1.7 Douglas Machine Inc.
    • 7.1.8 Lachenmeier ApS
    • 7.1.9 PDC International Corp.
    • 7.1.10 MSK Verpackungs-Systeme GmbH
  • *List Not Exhaustive

8. FUTURE OUTLOOK OF THE MARKET

**Subject to Availability
*** In the Final Study, Asia, Australia and New Zealand will be considered together as 'Asia-Pacific'
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Shrink Wrap Equipment Industry Segmentation

Shrink wrapping equipment is a technology used to wrap things in film and then apply heat to the film, causing it to shrink tightly around the product. This technique creates a tight and protective seal, keeping the product clean, safe, and tamper-evident.

The Shrink Wrap Equipment Market is segmented by end-user industry (food, beverages, pharmaceutical, industrial, logistics, other end-user industries) and by geography (North America, Europe, Asia, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By End-User Industry Food
Beverages
Pharmaceutical
Industrial
Logistics
Other End-User Industries
By Geography North America
Europe
Asia
Latin America
Middle East and Africa
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Shrink Wrap Equipment Market Research FAQs

How big is the Shrink Wrap Equipment Market?

The Shrink Wrap Equipment Market size is expected to reach USD 3.80 billion in 2025 and grow at a CAGR of 9.01% to reach USD 5.86 billion by 2030.

What is the current Shrink Wrap Equipment Market size?

In 2025, the Shrink Wrap Equipment Market size is expected to reach USD 3.80 billion.

Who are the key players in Shrink Wrap Equipment Market?

Texwrap Packaging Systems LLC (Pro Mach Inc.), Standard-Knapp, Inc., U.S. Packaging & Wrapping LLC, Conflex Incorporated and Aetna Group S.P.A. are the major companies operating in the Shrink Wrap Equipment Market.

Which is the fastest growing region in Shrink Wrap Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Shrink Wrap Equipment Market?

In 2025, the North America accounts for the largest market share in Shrink Wrap Equipment Market.

What years does this Shrink Wrap Equipment Market cover, and what was the market size in 2024?

In 2024, the Shrink Wrap Equipment Market size was estimated at USD 3.46 billion. The report covers the Shrink Wrap Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Shrink Wrap Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Shrink Wrap Equipment Industry Report

Statistics for the 2025 Shrink Wrap Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Shrink Wrap Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.