Orbital stretch wrapper market size is estimated to grow with a CAGR of around 4.1% from 2022 to 2027

HYDERABAD, TELANGANA, INDIA, September 9, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that the Orbital Stretch Wrapper Market size is estimated to grow with a CAGR of around 4.1% from 2022 to 2027. The orbital stretch wrappers are film wrapping machine that is widely used for packaging various items. It is well suited for product such as plastic extrusions, wrapping pipes, aluminium siding, carpet rolls, and others. The orbital stretch wrappers are used to wrap the stretched plastic film in furniture, wooden boards, mouldings, and others. The growing demand of orbital stretch wrapper in the packaging industries is driving the global orbital stretch wrapper market. Furthermore, increase in manufacturing activities for the stretch wrapping machine for application in various end-use industries such as packaging, chemical products, electronics, and others will offer major growth in the orbital stretch wrapper industry during the forecast period. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

Click here to browse the complete report summary
https://www.industryarc.com/Research/Orbital-Stretch-Wrapper-Market-Research-511425

Key Takeaways:

This IndustryARC report on the Orbital Stretch Wrapper Market highlights the following areas -

1. The orbital stretch wrapper market size will grow due to high demand in packaging, chemical, electronics, pharmaceuticals, and other end-use industries during the forecast period.

2. The Asia Pacific region is the fastest growing region in the global orbital stretch wrapper industry due to high demand of orbital stretch wrappers in plastic film packaging application in food, furniture, and others.

3. The full automatic orbital stretch wrapper type will grow owing to its high efficiency, time saving, cost reductions, and quality packaging and wrapping features.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/reports/request-quote?id=511425

Segmental Analysis:

1. By type, the full automatic segment held the largest global orbital stretch wrapper market share and is expected to grow by over 4.9% during the forecast period. The growth of full automatic orbital stretch wrapper is influenced by increasing demand in the packaging end-use industry.

2. By end-use industry, the packaging segment holds the largest global orbital stretch wrapper market share and will grow at a CAGR of over 4.6% during the forecast period. The high demand of orbital stretch wrappers in the packaging sector is influenced by the rising wrap packaging applications in pipes, furniture, doors, cardboards, food & beverage, and others.

3. By geography, the Asia Pacific segment is the fastest-growing region in the orbital stretch wrapper market for the year 2021 and will grow by over 4.2% during the forecast period. The growth of global orbital stretch wrapper industry in this region is influenced by rising demand in packaging, electronics, pharmaceuticals, and other end-users.

Competitive Landscape:

The top 5 players in the Orbital Stretch Wrapper industry are -

1. LANTECH

2. Ligotech

3. PIERI

4. WULFTEC

5. Ekobal

Click on the following link to buy the Orbital Stretch Wrapper market report:
https://www.industryarc.com/reports/request-quote?id=511425

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Similar Reports:

A. Stretch & Shrink Films Market - Forecast 2021 - 2026
https://www.industryarc.com/Research/Stretch-Shrink-Films-Market-Research-503489

B. Plastic Films Market – Forecast (2022 - 2027)
https://www.industryarc.com/Report/19317/plastic-films-market.html

Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
venkat@industryarc.com
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.