Unitizing Equipment Market: An Overview
Unitizing is basically a process of accumulating various items into a single unit load. The process helps in grouping the loads without the pallets reducing the weight of the total packaging and also giving up some more space for more items to be packed. The equipment used in aggregating the items into one load is known as the unitizing equipment. This sound process helps the market saves a lot of money, the cost of packaging, and the loss that may occur due to damaged products during shipment and also stabilizes the load while saving the product during transit. This is expected to fuel the growth in the usage of the unitizing equipment market across the globe.
Unitizing Equipment Market: Dynamics
Big companies with big supply chain and big operations require the packaging to be done at utmost safety and this becomes their primary concern. As equipment are known to provide precise packaging with less error concern than manual techniques; unitizing equipment is anticipated to grow globally.
The demand for the unitizing equipment also increases because of the growth in the food & beverage industry, building & construction industry, pharmaceuticals industry and among others. There are also different techniques used for unitizing the items into one load which gives various options for the company to choose from according to the type of product packed.
The initial investment of huge capital is not affordable for all the companies specifically the small scale companies who want to enter into the unitizing equipment market. Not only the initial investment but also the set-up cost and the maintenance cost that may occur after every certain period would hamper the growth of the unitizing equipment market.
The current covid-19 pandemic situation has halted many industries leading to a slowdown of production and disturbing the demand and supply balance. This has mainly affected the manufacturing segment which showed a decline in the growth of the unitizing equipment market. The effect of the pandemic also depends highly on the impact of the sub-sectors such as the building and construction; due to which there was a negative effect on the unitizing equipment market, food and beverages industry; this had a positive impact on the target market as food and beverage industry was on the boom during the pandemic with fewer losses and increase in e-commerce activities leading to safe packaging of bulk items. There is a mixed effect of a pandemic due to the impact of the various end-users.
Unitizing Equipment Market: Segmentation
Unitizing Equipment Market can be segmented by Machine Type, Process type, and End use.
Based on the Machine type, the Unitizing Equipment Market has been segmented as
- Semi-Automatic Unit Load Device
- Automatic Unit Load Device
Based on the Process type, the Unitizing Equipment Market has been segmented as
- Shrink Wrapping
- Stretch Wrapping
Based on End-use, the Unitizing Equipment Market has been segmented as
- Food & Beverages Industry
- Pharmaceutical Industry
- Building and Construction Industry
- Electronics & Electrical Industry
- Textile Industry
Unitizing Equipment Market: Regional Outlook
Globally, the Unitizing equipment market is gaining momentum in all the industries especially the building and construction, electronics and e-commerce industries. Asia Pacific region is predicted to be the fastest-growing region globally because of the rising population and the disposable income and also because of the increasing manufacturing industries in the Asian market. As the governments have started to invest more in the manufacturing segment to attract domestic and international customers. Since these are one of the developing countries, the manufacturing costs, labour cost and the setup costs are lesser than other regions.
Unitizing Equipment Market: Key Players
Key players in the Unitizing Equipment Market are,
- Polychem Co
- Langhammer GmbH
- Signode Packaging Systems Corporation
- Mosca GmbH
- Cranston Machinery Co Inc
- Liftomatic Material Handling
- Joinpack Machines
- Strapack, Inc.
- Dynemix India
- Alligator automations
- Suntech Packaging
- Cankey Packaging Machine Manufacturer
- Sealers India
The report unitizing equipment market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on unitizing equipment market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Middle East & Africa (MEA)
- South Asia
- East Asia
- A detailed overview of the parent market
- Changing Unitizing Equipment Market dynamics in the industry
- In-depth Unitizing Equipment Market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the Unitizing Equipment Market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.