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Snack Packaging Machine Market Share
The snack packaging machine industry is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 15%-20% of the total market. This fragmentation results from the widespread need for precision measurement tools across industries, fostering the growth of both established multinational corporations and smaller regional players. Many regional companies operate effectively on a global scale by offering specialized or cost-competitive products that appeal to specific market segments.
Snack Packaging Machine Market Companies
Major players operating in the snack packaging machine industry are:
- Aetna Group
- CHLB Pack
- Coesia Group
- Fuji Machinery
- GEA Group
- IMA Group
- Ishida
- Krones
- Marchesini Group
- MULTIVAC Group
- Nichrome Packaging Solutions
- PAC Machinery Group
- Sidel
- Syntegon Technology
- Tetra Pak
Who are the major players in the snack packaging machine industry?
Major players in the industry include Aetna Group, CHLB Pack, Coesia Group, Fuji Machinery, GEA Group, IMA Group, Ishida, Krones, Marchesini Group, MULTIVAC Group, Nichrome Packaging Solutions, PAC Machinery Group, Sidel, Syntegon Technology, and Tetra Pak.
How much is the U.S. snack packaging machine market worth?
The U.S. dominated the North America market with a 75.4% share in 2023 and is expected to grow at a CAGR of 4.4% during the forecast period, driven by its robust food processing industry and high consumer demand for packaged snacks.
How big is the global snack packaging machine market?
The global market size for snack packaging machine was valued at USD 18.5 billion in 2023 and is projected to reach USD 27.7 billion by 2032, driven by a CAGR of 4.6% from 2024 to 2032.
What is the market share of the flexible packaging segment in the snack packaging machine industry?
The flexible packaging segment held a revenue of USD 10.5 billion in 2023 and is anticipated to grow at a CAGR of 4.7% during the forecast period, driven by its cost-effectiveness and consumer convenience.