What is the current Shrink Wrap Equipment Market size?

The Shrink Wrap Equipment Market is projected to register a CAGR of 9% during the forecast period (2024-2029) Read More

Who are the key players in Shrink Wrap Equipment Market?

U.S. Packaging & Wrapping LLC, Texwrap Packaging Systems LLC (Pro Mach Inc.), MSK Verpackungs-Systeme GmbH, ARPAC LLC (Duravant LLC) and Standard-Knapp, Inc. are the major companies operating in the Shrink Wrap Equipment Market. Read More

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 (2024-2029). Read More

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

In 2024, the North America accounts for the largest market share in Shrink Wrap Equipment Market. Read More

What years does this Shrink Wrap Equipment Market cover?

The report covers the Shrink Wrap Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Shrink Wrap Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Shrink Wrap Equipment Market Share

Statistics for the 2023 & 2024 Shrink Wrap Equipment market share, created by Mordor Intelligence™ Industry Reports. Shrink Wrap Equipment share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Shrink Wrap Equipment Industry

The Competitive Landscape of the market remains moderately fragmented. Players in the market adopt strategies like product innovations, partnerships, mergers snd acquisitions to increase their footprint globally. Some of the recent developments in the market are as follows:

In August 2019 - Standard-Knapp, Inc.signed an agreement to partner with EoL Packaging Experts (EoL), an international company in end-of-line packaging solutions for the food and beverage industry. The merger can create a globally active industry leader for end-of-line packaging machinery and systems with an established presence in both America and Europe.
In May 2019 - Aetnagroup acquired OCME. The consolidation strategy of the two industrial companies, ROBOPAC AND OCME, has been implemented to allow AETNA GROUP to optimize the technical, industrial, and commercial synergies to face new challenges.