This growth is attributed to the increasing demand for packaging solutions across industries like food & beverage, pharmaceuticals, chemicals, and consumer goods. Shrink wrapping machines are used for wrapping products for providing a protective layer around them. These machines help in packaging of products in a hygienic and cost-efficient manner. As a result, the need …
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Shrink Wrapping Machine Market Hits at a CAGR of 6.5% Forecast to 2025
The Global Shrink Wrapping Machines Market is expected to reach $617.0 million by 2025, from $1,032.0 million in 2017, growing at a CAGR of 6.5% from 2018 to 2025. The L-bar sealers segment dominated the global market in terms of revenue, accounting for highest share in 2017 and is expected to witness significant growth during the forecast …
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