US$422 million by 2032
The vacuum packaging machine market is expected to reach US$ 422 million by 2032 and is expected to grow at a CAGR of 3.9% during the forecast period.
Packaging has become a go-to solution due to the growing concern of manufacturers for product safety and increasing product attractiveness. Flow Wrap packaging machines provide an efficient packaging solution for products with various shape orientations including conical, cubic, cylindrical, etc.
Flexible packaging requirements across all industries including food & beverage, industrial components, medical & pharmaceutical, cosmetics & personal care, etc. Continuous packaging machines are used to quickly package products. It has been used in the flexible packaging of products in several industry verticals. Due to its application in various industry verticals, the flow packaging machine market is expected to grow over the forecast period.
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Flow Wrap Machine Market: Dynamics
Industrial vertical markets that use dynamic packaging machinery include food and beverage, pharmaceutical, healthcare, beauty care, and more. products of various shapes, sizes and weights. Due to its wide application in various industry verticals, the global flow packaging machine market is expected to witness substantial growth throughout the forecast period.
The number of pharmaceutical companies is expected to increase by approximately 7.5% globally over the forecast period, which is expected to have a positive impact on the growth of the global flow packaging machine market. Apart from the pharmaceutical industry, the cosmetics and food and beverage ingredients industry represents a major demand for dynamic packaging machinery across the world.
Flow Wrap Wrapping Machines are widely used to wrap food products like cookies, biscuits, candy, etc. Besides, they are also used to pack soaps and detergents, syringes and other medical devices, electronic products, etc. The use of dynamic packaging machines in pharmaceuticals, healthcare, food and beverages helps ensure fast and efficient packaging of products.
Flow wrappers are an efficient packaging solution that is used for high volume packaging needs. These are some of the major factors driving the growth of the global flow packaging machine market. However, the dependence on machinery requires additional sources such as electricity, fuel, etc., resulting in additional production cost, which could hinder the adoption of continuous packaging machines and , in turn, hampering the growth of the market.
Continuous Packaging Machinery Market: Outlook by Region
The flow packaging machine market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East & Africa
Growing food and beverage production in North America is expected to create opportunities for the flow packaging machine market over the forecast period. Over the past decades, Asia-Pacific has become a hub for pharmaceutical industries, and the demand for dynamic packaging machinery is expected to increase further between 2016 and 2024.
Currently, India and China collectively account for three-quarters of the global pharmaceutical market revenue generated in Asia-Pacific. Therefore, the demand for dynamic packaging machines in these regions is expected to be relatively high and the trend is expected to continue during the forecast. period.
However, market revenue in Latin America and Middle Eastern countries is currently slow due to the sluggish economy, which is also expected to result in lower demand for dynamic packaging machinery in these regions.
Flow Wrapping Machine Market: Key Players
Key Players of Flow Packaging Machinery Market are Redpack Packaging Machinery, Excel Pack Limited, PAC Strapping Products, Inc., Adhisakthi Projects Private Limited., ULMA Packaging S Coop, Pfm Packaging Machinery Ltd, Robert Bosch GmbH, Omron Corporation .
The research report presents a comprehensive assessment of the market and contains thoughtful information, facts, historical data and market data backed by statistics and validated by the industry. It also contains projections using an appropriate set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The regional analysis includes
North America (USA, Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, UK, Spain, Nordics, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia-Pacific (China, India, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, South Africa and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, input from industry experts and industry participants across the value chain . The report provides an in-depth analysis of parent market trends, macroeconomic indicators and drivers, and market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Flow Wrapping Machine Market: Segmentation
The Flow Wrap Machine Market is segmented as follows:
On the basis of orientation, the flow packaging machine market is segmented into:
Based on end-use industry, the flow packaging machine market is segmented into:
Food and drinks
Soap and detergent
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