Published Date: 31-Oct-2019
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According to a new report North America Wrapping Machine Market, published by KBV Research, the North America Wrapping Machine Market would witness market growth of 6.4% CAGR during the forecast period (2019-2025).
The US market dominated the North America Automatic Wrapping Machine Market by Country 2018, and would continue to be a dominant market till 2025. The Canada market is anticipated to witness a CAGR of 11.8% during (2019 - 2025). Additionally, The Mexico market would grow at a CAGR of 10.8% during (2019 - 2025).
The Stretch Wrapping Machine would dominate the Canada Wrapping Machine Market by Type till 2025; growing at a CAGR of 8.2 % during the forecast period. The Shrink Wrapping Machine market is experiencing growth rate of 9.3% during (2019 - 2025).
The Food Industry market dominated the Mexico Wrapping Machine Market by Application 2018, thereby, achieving a market value of $18.2 million by 2025. The Beverages Industry market is witnessing prominent growth with a CAGR of 6.9% during (2019 - 2025). Additionally, The Personal Care market is expected to witness highest CAGR of 9.1% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IMA Group, Duravant LLC, BEUMER Group GmbH & Co. KG, Lantech LLC, ProMach, Inc., Maillis Group S.A. (H.I.G. Capital LLC), Robert Reiser & Co., Inc., Aetna Group S.p.A., Atlanta Stretch SpA and American Packaging Machinery, Inc.
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