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Manufacturers are increasingly adopting automated packaging solutions to enhance efficiency and meet rising consumer demand for on-the-go snack products. Automation addresses labor shortages and improves operational efficiency, enabling companies to scale production effectively. The integration of advanced technologies, such as artificial intelligence (AI) and the internet of things (IoT), is further revolutionizing packaging processes, allowing for real-time monitoring and predictive maintenance. The snack packaging industry is increasingly prioritizing sustainability. Both consumers and regulatory bodies are advocating for eco-friendly packaging materials and processes. This demand is driving the development and adoption of recyclable, biodegradable, and compostable packaging solutions. Consequently, manufacturers are investing in advanced machinery capable of handling these sustainable materials without compromising efficiency or product protection.
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.
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.
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.
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.