Automatic Shrink Wrapping Machine Market Insights Video

According to Cognitive Market Research, The Global Automatic Shrink Wrapping Machine market size is USD 1.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2023 to 2030.

• The increasing demand for sustainable packaging options is rising due to the growing emphasis on sustainability.
• Demand for semi-automatic shrink wrapping machines remains higher in the automatic shrink wrapping machine market.
• The food industry held the highest revenue share in 2023 for the automatic shrink wrapping machine market.
• Asia Pacific will continue to lead, whereas the North American automatic shrink wrapping machine market will experience the strongest growth until 2030.