The size of the global pallet banding machines market is projected to increase from US$ 3 billion in 2022 to US$ 4.9 billion by 2032, expanding at a CAGR of 4.9% over the forecast period (2022-2032).
A significant element driving demand for pouch equipment in the market is the growing use of flexible packaging solutions like pouches across a variety of industries, including food and beverage, cosmetics and personal care, pharmaceutical, and chemical.
The pouch equipment is used to properly fill and seal the pouches once they have been filled with goods. Due to their growing advantages, including their high level of automation, one-stop service, and cost-effective and configurable features, they are mostly employed in the food, pharmaceutical, cosmetic, and chemical sectors.
Pouches can be formed, filled, sealed, and packed using pouch equipment, which is used for a range of tasks. Pouch equipment is essential for ensuring product safety across the whole supply chain.
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Pouches are less expensive to ship overall because of their lesser weight than other conventional packing materials like metal cans and jars. Manufacturers are now switching to pouches as their preferred packaging format as a result of the aforementioned factor. Due to this, the market for pouch equipment is anticipated to expand steadily during the following ten years.
Key Takeaways from Global Pouch Equipment Market
• By machine type, fully automatic segment is expected to grow at 4.7% CAGR through 2032.
• Based on end-use industry, the food and beverage segment is likely to expand at 4.2% CAGR during the forecast period, accounting for the largest market share of 44% in 2022.
• The U.S. pouch equipment market is anticipated to grow at 3.5% CAGR over the next ten years.
• India will emerge as the fastest growing market for pouch equipment, accelerating at 6.2% through 2032.
• The pouch equipment market in China is expected to surge at 5.6% CAGR between 2022 and 2032.
“Increase in Adoption of Automated Pouch Equipment by Food & Beverages Manufacturers Will Act as a Catalyst for Driving Global Sales of Pouch Equipment Across all Parts of the World.”- says FMI analyst
Automatic Pouch Equipment Trending Across the Globe
Pouch equipment can be designed with an inline process or a circular layout. Automatic pouch equipment is becoming popular today for its ease of use and simplicity which is the major trend in this market.
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Pouches are very easy to use and a very demanding product for the consumers. As they are very flexible and trendy to carry, they have become a trend among all the consumers. This is expected to bolster the demand for pouch equipment during the forecast period.
Pouch equipment is used to manufacture pouches which have widened applications such as snacks, detergent powders and cosmetics, etc. It also helps assuring airtight packing to avoid contamination of products. This equipment helps in convenient and innovative options for packaging consumer goods as well as industrial goods.
Who is Winning?
Some of the leading players pouch equipment manufacturers include Coesia SpA, Massman Automation Design, LLC, PFM Packaging Machinery , Volpak, VELTEKO CZ sro, SN Maschinenbau GmbH, Suvi Packaging Machine, Adelphi Group, Rezpack Machinery Inc., Topack Co. Ltd and others.
]The market is expected to observe a strong competition due to increasing number of market participants across various nations. In order to capitalize and improve their revenue share, these players are using strategies such as new product launches, partnerships, acquisitions, mergers, and strengthening of distribution channels.
Global Pouch Equipment Market by Category
By Machine Type:
- Manual packaging
- Semi-Automatic Packaging
- Fully Automatic Packaging
By Pouch Type:
- Stand up Pouches
- Flat Pouches
- Vacuum Pouches
By Orientation:
- Horizontal
- Vertical
By End-Use Industry:
- Food & Beverage
- Cosmetic & Personal Care
- Pharmaceutical
- Chemicals
- Others (Homecare, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
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