North America Holds Major Market Share in Global Flow Wrap Machines Industry
2021 - 2028 Global Flow Wrap Machines Market
The Global Flow Wrap Machines Market is accounted for $2,868.51 million in 2021 and is expected to reach $3,903.65 million by 2028 growing at a CAGR of 4.5% during the forecast period. Flow wrapping is also referred to as crimp-seal wrapping, pillow pouch wrapping, fin seal wrapping and horizontal wrapping. Flow wrap machine is a fully automatic machine capable of packing various shapes namely cubical, cylindrical and others. In flow wrapping, a product having any shape and size can be wrapped effectively and in a printed or a clear PP (poly propylene) film. The end point is a flexible and a resilient package which has crimped seals and a non-lap kind of seal at the bottom. The film is tightly wrapped around the product in order to avoid chances of spill as well as reducing the shifting of the product within the packaging. Flow wrap machines are used for the purpose of clean and efficient film wrapping of products. There are two types of orientations of flow wrapping machines, depending upon the commodity to be wrapped or the end product usage, namely, vertical and horizontal wrapping. The pharmaceuticals segment is estimated to have a lucrative growth due to the increasing use of flow wrap machines in the pharmaceutical industry. Asia Pacific is projected to hold the largest market share during the forecast period due to the increasing production of food and beverages in the region. North America is projected to have the highest CAGR over the forecast period owing to the rise in the development of these companies in various countries.
Some of the key players profiled in the Flow Wrap Machines Market include Anhui Zengran, Bosch, Coesia, Cryovac, Fuji Machinery, GEA, Hayssen, Omori, PFM Packaging Machinery, Pro Mach, Rui Packing, Sanguan, Shanghai Boevan, ULMA Packaging, Wihuri, and Xingfeipack.
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