Market Insights on Hand Wrappers covering sales outlook, demand forecast & up-to-date key trends
According to the most recent study from Future Market Insights, the market for hand wraps is anticipated to increase steadily between 2021 and 2031. In order to keep up with the growing demand for a variety of food, beverage, and personal care products, consumer packaged goods (CPG) manufacturers are resorting to hand wrappers. On the other hand, the introduction of items like semi-automatic stretch wrappers will reduce the opportunities available to hand wrappers in the near future.
For instance, on February 23, 2021, the ROBOT S6 Portable Stretch Wrapper, one of the most cutting-edge devices now on the market, will contain exclusive Cube Technology. With the use of this technology, labour costs were decreased along with product damage.
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What is Driving Demand for Hand Wrappers?
Factors that are driving the demand for hand wrappers include population growth, the developing food and beverage industry, and others. Furthermore, the increased emphasis on packaging to differentiate diverse items in the marketplace is expected to drive demand for hand wrappers.
On the other hand, differentiating food goods through the aesthetic appeal of packaging has become increasingly crucial for food manufacturers as urbanisation and the emergence of supermarkets and hypermarkets have increased. Furthermore, customers are becoming more aware of the components and contents of packages, which is projected to increase demand for hand wrappers.
Aside from that, other technological advancements have been made in response to growing concerns about environmental contamination and stricter regulations on the use of plastics. For instance,
On 18-Mar-2021, EcoStretchTM was introduced by Cortec® Corporation at a critical moment when companies are looking for new packaging choices that satisfy their needs while also reducing their environmental impact.
Thus, this in turn is expected to spur the demand for hand wrappers in near future.
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Who are the Key Manufacturers and Suppliers of Hand Wrappers?
Some of the leading manufacturers and suppliers of hand wrappers include
Many leading manufacturers are focusing on expanding their business through various advancements in technology and mergers and acquisitions. For instance,
On, January 20, 2021 – Duravant LLC, a global provider of engineered equipment and automation solutions to the food processing, packaging, and material handling industries, has formed nVenia, LLC, a new operating company within Duravant's Packaging Solutions Segment formed by the merger of Arpac, Hamer-Fischbein, and Ohlson.
As a result of uniting these companies under one roof and one name, manufacturers are able to develop next-generation packaging equipment, such as shrink wrappers, as well as other innovative solutions for their clients, which is projected to boost demand for hand wrappers in the near future.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments
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About FMI Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Mar 21, 2023
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