The industry can be analyzed in different ways
Product category
As they are widely used in various types of industries, they are expected to account for fifty-eight point eight percent of the global packaging machine industry. The horizontal stretch wrapping machine market is expected to hold a CARG of 7.6% during the forecast period of 2026.
Automation Levels
In terms of automation levels, the horizontal stretch wrapping machine segment is expected to dominate the wrapping machine market by 2020. They are expected to hold 69.0% of the market share by 2026.
Regions
In 2018, Europe is considered to represent 29.7% of the market share. In India and China, the market growth of horizontal stretch wrapping machine will remain above the global average during 2018 to 2026. It will grow at a CAGR of 8.5 and 8.2, respectively.
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A glimpse of horizontal stretch wrapping machine industry trends 3-1
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