Global Bagging Machines Market, By Product (Vertical Bagging Machine, Horizontal Bagging Machine), End Users (Construction Industry, Food and Beverage Industry, Pharmaceutical Industry, Household and Personal Care Industry, Cosmetic Industry, Hardware Industry), Technology Type (Semi-Automatic, Automatic) – Industry Trends and Forecast to 2029
Market Analysis and Size
There has been significant growth in the packaging industry over the past few years. Additionally, networking topologies, servos, and robotic applications have been rising. This trend is likely to provide OEMs with profitable chances to meet the demand for enhanced automation better. Also, the expanding use of robotics and comparable technology in the packaging process and industry is critical for complete automation. As a result, the bagging machines are also estimated to witness accelerated growth over forecasted timeframe.
Global Bagging Machines Market was valued at USD 9.10 billion in 2021 and is expected to reach USD 13.97 billion by 2029, registering a CAGR of 5.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Vertical Bagging Machine, Horizontal Bagging Machine), End Users (Construction Industry, Food and Beverage Industry, Pharmaceutical Industry, Household and Personal Care Industry, Cosmetic Industry, Hardware Industry), Technology Type (Semi-Automatic, Automatic)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Pakona (India), Wenzhou Echo Machinery Co., LTD. (China), Optima Weightech Pvt. Ltd. (India), Adpro Automation (P) Ltd (India)., Matrix Packaging Machinery, LLC. (U.S.), Autopack Machines Pvt. Ltd (India), SEPACK. (India), CMD Corporation (U.S.), Alligator Automations (India), Syntegon Technology GmbH (Germany), STATEC BINDER GmbH (Austria), MONDIAL PACK (Netherlands), Choice Bagging Equipment (U.S.)., Rennco, LLC. (U.S.), PAYPER S.A (U.S.), Technoweigh (India), WOLF Verpackungsmaschinen GmbH (Germany), ISHIDA CO.,LTD. (Japan), Italdibipack SpA (Italy), Audion Elektro B.V. (Netherlands), Cordano Packaging Systems, L.L.C.. (U.S.), and Blue Star Limited (India)
|
|
Market Opportunities
|
|
Market Definition
Packaging is the process of wrapping or bottling of products to make them safe from damages during pack products in containers or wrappers and transportation, thus bagging machines are used to pack products in containers or wrappers. Bagging equipment involves the idea of automatic packaging in which the bagging equipment possess built-in set-up options that eliminates the need for continuous supervision while doing the packaging process.
Bagging Machines Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand for Packaging
The factors such as the rising emergence of packaging industries towards bagging equipment apart from conventional packaging practices is the vital factor escalating the market growth, also rising demand for customized bagging equipment by packaging industries are the significant determinants that are projected to accelerate global demand for bagging machines.
Furthermore, the increasing consumer mindfulness and rising demand in pharmaceutical industry and consumer packed good will further boost the growth rate of bagging machines market. The extensive demand from the end user industries largely drive market value growth. The rising applications from various end-use industries is also one of the another market growth determinants.
Opportunities
- Integration of Technologies and Emergence of Travel Restrictions
The manufacturers are focusing on adding modern robotic solutions integrated with AI, machine learning and advanced algorithm which further extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the introduction of travel restrictions has further shifted consumer attention toward packaged foods and beverages for daily meal, which will further expand the future growth of the bagging machines market.
Restraints/Challenges
- High Overall Cost
The high installation and maintenance cost of a multi-head weighing machine is estimated to create hindrances for the growth of the bagging machines market.
- Supply Chain Disruptions Will Pose a Threat to the Market
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, the fluctuations in the prices of raw materials will prove to be a demerit for the bagging machines market. Therefore, this will challenge the bagging machines market growth rate.
This bagging machines market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bagging machines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bagging Machines Market Scope
The bagging machines market is segmented on the basis of number of product, end users and technology type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Vertical Bagging Machine
- Horizontal Bagging Machine
End Users
- Construction Industry
- Food and Beverage Industry
- Pharmaceutical Industry
- Household and Personal Care Industry
- Cosmetic Industry
- Hardware Industry
Technology Type
- Semi-Automatic
- Automatic
Bagging Machines Market Regional Analysis/Insights
The bagging machines market is analyzed and market size insights and trends are provided by country, product, end users and technology type as referenced above.
The countries covered in the bagging machines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bagging machines market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rapid industrialization coupled with the surge in packaging applications within the region.
Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the strong export orientation and manufacturing capabilities of India and China as well as the increase in personal disposable income in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bagging Machines Market Share Analysis
The bagging machines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bagging machines market.
Some of the major players operating in the bagging machines market are
- Pakona (India)
- Wenzhou Echo Machinery Co., LTD. (China)
- Optima Weightech Pvt. Ltd. (India)
- Adpro Automation (P) Ltd (India)
- Matrix Packaging Machinery, LLC. (U.S.)
- Autopack Machines Pvt. Ltd (India)
- SEPACK. (India)
- CMD Corporation (U.S.)
- Alligator Automations (India)
- Syntegon Technology GmbH (Germany)
- STATEC BINDER GmbH (Austria)
- MONDIAL PACK (Netherlands)
- Choice Bagging Equipment (U.S.)
- Rennco, LLC. (U.S.)
- PAYPER S.A (U.S.)
- Technoweigh (India)
- WOLF Verpackungsmaschinen GmbH (Germany)
- ISHIDA CO., LTD. (Japan)
- Italdibipack SpA (Italy)
- Audion Elektro B.V. (Netherlands)
- Cordano Packaging Systems, L.L.C. (U.S.)
- Blue Star Limited (India)
SKU-