The global bagging machines market is driven by the high demand from the food packaging industry. Due to rising consumer dependency on packaged food product, the packaging manufacturers are emphasizing on machineries that can produce high volume, and have high productivity ratio. Bagging machines are highly compatible to meet the large volumetric requirement, particularly to match the need of the growing food industry. The global bagging machines market was valued at US$ 11.9 Bn in 2016 and is expected to be valued at US$ 18.4 Bn in 2025. The market is expected to grow at a CAGR of 5.0% in terms of market value, during the forecast period 2017-2025. The market volume for global bagging machines is expected to expand 1.5x during the forecast period 2017-2025.
On the basis of product type, the global bagging machines market is segmented into open mouth bagging machine, form fill seal machine, valve baggers, FIBC machine, and others. Form fill seal machines are preferred over other packaging machines due to its high speed and high productivity ratio which makes it compatible for meeting the demand of food industry. FIBC bagging machines are expected to rise at a high pace as they provide bagging solutions for the bulk products like packaging cereals, flour etc. and also for the construction industry. Valve baggers are majorly used where cleanliness and efficient packaging is priority. Others bagging machines have very low percentage in the market.
On the basis of automation type, the market is segmented into automatic bagging machine and semi-automatic bagging machines. Automatic bagging machines are preferred over the semi-automatic bagging machine as it reduces labour cost and increase productivity of the plant.
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On the basis of machine type, the market is segmented as vertical bagging machines and horizontal bagging machines. Vertical bagging machine dominates the bagging machines market. Due to affordable price and higher flexibility, vertical bagging machines are preferred over the horizontal bagging machine. Vertical bagging machines are compatible for high volume production and these machines are used manufacture pillow bags and gusted bags, which is not possible in case of horizontal bagging machines these features increases their demand in the market.
On the basis of end-use industry, global bagging machines market can be segmented as food industry, construction industry, pharmaceuticals industry, household, personal care and cosmetics industry. Food industry is estimated to contribute the largest share of 59.8% in global bagging machines market. In terms of volume, this segment is expected to expand with a CAGR of 5.0% during the forecast period.
Market numbers have been estimated based on extensive secondary and primary research, average pricing of bagging machines by product type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets.
The bagging machines market has been analysed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional bagging machines manufacturers, suppliers, and distributors.
Global Bagging Machines Market: Segmentation
All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of bagging machines in the different regions. Bottom-up approach has been used to estimate the bagging machines market by regions.
Global market numbers by product type, by automation type, machine type, end use industry and capacity type have been derived using the bottom-up approach, which is cumulative of each country’s demand. The same has also been validated from top-down approach. Company-level market share has been derived on the basis of revenue reported by key manufacturers. The market has been forecast based on constant currency rates.
In order to understand and assess opportunities in this market, the report is categorically divided into six key sections on the basis of product type, automation type, machine type, end use industry, capacity type, and by region. The report analyses the global bagging machines market in terms of value (US$ Mn) and volume (Units).