Market Share of Shrink Wrap Equipment Industry
The Competitive Landscape of the market remains moderately fragmented. Players in the market adopt strategies like product innovations, partnerships, mergers snd acquisitions to increase their footprint globally. Some of the recent developments in the market are as follows:
- In August 2019 - Standard-Knapp, Inc.signed an agreement to partner with EoL Packaging Experts (EoL), an international company in end-of-line packaging solutions for the food and beverage industry. The merger can create a globally active industry leader for end-of-line packaging machinery and systems with an established presence in both America and Europe.
- In May 2019 - Aetnagroup acquired OCME. The consolidation strategy of the two industrial companies, ROBOPAC AND OCME, has been implemented to allow AETNA GROUP to optimize the technical, industrial, and commercial synergies to face new challenges.
Shrink Wrap Equipment Market Leaders
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U.S. Packaging & Wrapping LLC
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Texwrap Packaging Systems LLC (Pro Mach Inc.)
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MSK Verpackungs-Systeme GmbH
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ARPAC LLC (Duravant LLC)
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Standard-Knapp, Inc.
*Disclaimer: Major Players sorted in no particular order
