The global bundling machine market size accounted for USD 4,098 million in 2024 and is expected to exceed around USD 5,781 million by 2034, growing at a CAGR of 3.5% from 2024 to 2034.
The bundling machine market is an upcoming market for machines that help with the packaging of materials. Bundling machines are widely used to pack large materials used at construction sites and are also used for the packaging of food items, jars, and bottles. These bundling machines use polyethylene films to provide a thicker covering. Factors that are driving the growth of the market include the rise in the e-commerce market and the demand for packaging products with convenience and efficiency. Bundling machines also offer a variety of ways to pack different kinds of items, including shrink-wrapping and sleeve wrapping, making them all the more useful. But the market also has a flipside to it.
Despite this, the initial investment for purchasing and installing a bundling machine can be quite expensive. It may also require timely maintenance, which might add to the overall expenditure. The unpredictable rise in the prices of raw materials and the lack of skilled laborers to operate advanced technology may limit the growth of the market. However, the bundling machine market is said to grow in the coming years with the advent of newer machine manufacturing technology and the sustained growth of e-commerce.
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| Stats ID: | 7822 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7822 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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