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Base Year: 2023
Companies covered: 15
Tables & Figures: 83
Countries covered: 18
Pages: 230
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Bagging Machines Market
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Bagging Machines Market Size
The global bagging machines market was valued at USD 5.3 billion in 2023 and is estimated to grow at a CAGR of over 6.5% from 2024 & 2032. Packaged goods trend seems to be the one paving way for the bagging machines industry owing to the urbanization and e commerce trend alongside the increased need for efficient packaging solutions in food, pharmaceuticals, and personal care sectors. Such a trend encourages manufacturers to grab a hold of fast, accurate, and flexible bagging machines for cost and waste reduction.
Moreover, the requirement for accurate bagging solutions, in turn, drives forward the ready-to-eat and frozen foods products within the food and beverage industry. The increased customer focus on safety and quality has resulted in several companies resorting to machines that are hygienic and prolonging shelf life. There's also a growing need for sustainable packaging. Manufacturers now produce machinery that can use biopolymers without compromising productivity. Increasing middle class populace and heightened income levels in the Asia-Pacific and Latin American regions are boosting demand for packaged products These areas are shaping into centers for enhanced bagging technology infrastructural investments. As the packaging industry continues to expand, so too is the demand for innovating and customizing those packing solutions, consequently the market is expected to thrive as well.
Bagging Machines Market Trends
Bagging Machines Market Analysis
The bagging machines market is divided further on product type, namely flow-pack bagging machines, stick pack bagging machines, weight bagging machines, vacuum bagging machines, etc. In 2023, flow-pack bagging machines had the largest market share and took in USD 2.3 billion and is anticipated to grow with a CAGR of 6.6 over a forecast period. They are also known to be very reliable, speedy and versatile, making their applications just as versatile across the packaging industry.
Automation and IoT features have been a recent tech addition that these machines have been equipped with which have increased their efficiency further. There is an increased demand for these machines as the market for packaged goods grows alongside the increased preference of companies in sustainable packaging. Flow-pack machines have become in high demand among manufacturers for their efficiency in providing cost-friendly and appealing packaging.
Taking into consideration the distribution channel, there are two market categories direct and indirect sales. The indirect sales segment dominated the market in 2023, having an approximate share of 65.6% of the total share and is also forecast to grow at a CAGR of 6.6%.
The bagging machines market for bag making machines in the US is valued at USD 1 billion and it is expected to grow at the CAGR of 6.6% for the given period.
North America: Multi-functional and energy efficient machines are becoming increasingly popular. Consumers have begun to show a more wholesome preference for sustainable and eco-friendly packaging choices and North America is in the process of making strides in that direction for a wide range of industries including food, packaging, and e-commerce. The application of newer technologies such as advanced AI robotics and IoT to increase accuracy and speed in the automation process is expected to propel the bagging machine market across borders. In recent times, the rapid surge in the e-commerce sector has rendered flexible and innovative bagging machines all the more necessary. Coupled with the retail industry's significant growth, there is now a greater need for sophisticated innovation.
Europe: Germany stands out as a key contributor in the global bagging machinery market, thanks to their commitment to technological advancements. The engineering precision of their packaging machines coupled with their ability to fuse IoT and AI technology has paved the way for better efficiency. The latest innovations include environmentally compliant AGV systems and energy-efficient machines, as well as machines that utilize recycled material. The base of industrial production in Germany has helped expand the weight bagging machine market across construction and chemical industries.
Asia Pacific: The bagging machines market in China is exponential owing to the rise in the sectors like e-commerce, artificial intelligence among other robotics powered automated technologies that are democratizing the practice of packaging of goods. This gain is further supplemented by the parliamentary encouragement of smart automated power efficient machinery. And looking at the environmental concern that is gripping each sector of the economy, China boasts of facilitating the research and development of ecofriendly bags that suit the new age automated bagging machines to supplement their zero emissions ideology. A strong base and infrastructure have driven for China to become the cradle for innovation and advancement of new technologies and machines both for international and domestic use.
Bagging Machines Market Share
Bagging Machines industry Share According to some reports, the bagging machine market is fragmented in structure, where specific firms have a market concentration of between 10%-15%. In response to the growing demand for packaged goods, those firms operating in the market have placed increased emphasis on improving automation and efficiency. The advancement in technology, especially robotics, artificial intelligence and IoT enhanced systems, are being integrated by manufacturers to facilitate smart packaging solutions that minimize labor costs, enhance precision and shorten production cycle times.
Bagging Machines Market Companies
Major players operating in the bagging machines industry include:
Bagging Machines Industry News
The bagging machines market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2032, for the following segments:
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Market, By Product Type
Market, By Material
Market, By Automation
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: