Global Bagging Machines Market: Overview
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.
FIBC Bagging Machines Remain Popular as they Offer Convenient Bulk Packaging Solutions
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.
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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.
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.
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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.
Asia Pacific to Remain Dominant as India and China Show Steady Progress
Geographically, the global bagging machines market is segmented into the Middle East and Africa, Europe, Latin America, Asia Pacific, and North America. Out of all the regional markets, Asia Pacific is estimated to be the dominant one. Currently, it holds a share of 39.9% in the global market. Asia Pacific bagging market is projected to witness a steady growth in the coming years due to steady economies of China and India. On the other hand, the growth in Europe and North America is anticipated to remain slow but steady.
Some of the players operating in the global bagging machines market include Robert Bosch GmbH – Packaging Tech, All-Fill Incorporated, Tokyo Automatic Machinery Works Ltd, I.M.A. Industria Macchine Automatiche SpA, PAYPER, S.A., Bossar Packaging S.A., CONCETTI S.P.A, Omori Machinery Co. Ltd, Fres-co System USA, Inc., WOLF Verpackungsmaschinen GmbH, Fuji Machinery Co. Ltd, Rennco LLC, Nichrome India Ltd, Hayssen Flexible Systems Inc., Imanpack Packaging and Eco Solutions S.p.A., STATEC BINDER GmbH, HASSIA-REDATRON GmbH, Premier Tech Chronos, MONDIAL PACK S.r.l, Pakona Engineers Pvt Ltd, Webster Griffin Ltd.
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