The oil packing machine market is anticipated at US$ 505.50 million by 2024. The market valuation is estimated to be US$ 521.20 million by 2034, registering a CAGR of 2.10%.
Packaging Automation, a Growing Trend among the Oil Packing Machine Manufacturers
The challenges associated with the packaging are productivity, efficiency and quality control. Several key trends are influencing the packaging industry. In recent years, packaging machinery manufacturers are embracing automation in their packaging lines and leveraging smart manufacturing to achieve higher productivity and efficiency. Automating the processes such as filling, packing and palletizing is a big trend in the packaging industry
The companies in the oil packing machine market are leveraging smart manufacturing to maintain a competitive advantage and meet their demanding business needs. The automation in packaging enables the elimination of human errors and ensures the safe handling of the products. Thus, the trend of automation in the oil packaging machine market would help increase the overall productivity and efficiency along with reducing the labour cost.
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Key Takeaways from Oil Packing Machine Market
- Automatic oil packing machines are expected to remain dominant during the forecast period due to their improved production speed, reduced labour costs and improved quality control. This segment is projected to create the highest revenue opportunities of US$ 89.6 Mn by 2032.
- VFFS oil packing machines are the most preferred among the oil packaging manufacturers due to their enhanced efficiency, convenience and broad deployability. This orientation segment is expected to account for around half portion the market share by value during the forecast period.
- Food as an end use is likely to create consistent demand for oil packing machines in the forecast period. The oil packing machine used in the food industry is anticipated to witness an expansion of 4x its current market value due to increasing consumer preference for safe and hygienic packaging rather than manual or traditional packaging.
- South Asia is expected to be the lucrative region owing to a rise in the manufacture and sales of oil packing machines. The growth in this region is attributed to the growing population, flourishing food industry and ready buyers who are in need to buy these machines.
“Shifting buying patterns of consumers from traditional loose oils to packed oils due to food safety and hygiene is expected to augment the growth of the oil packing machine market in the coming years. Moreover, the oil packing machine manufacturers are focusing on advanced technologies such as automation to enhance the overall productivity and efficiency.”–comments FMI Analyst
Food is expected to remain the Dominant End Use Segment for Oil Packing Machine Market
Oil packing machines are widely used in the food industry for packaging edible oils and other cooking oils. The oil packing machine market is witnessing a great demand from the food industry due to the growing population coupled with expanding food service sector, thereby creating demand for edible oils from the end users. Overall, the flourishing food industry will likely boost the demand for oil packing machines in the forecast period.
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Oil Packing Machine Market Landscape
The key players operating in the global oil packing machine market are Niverplast B.V., Turpack Makine Sanayi ve Ticaret Ltd. Sti., GEA Group, SN Maschinenbau GmbH, and Gemseal Abhilash Industries. Also, some of the other noticeable players in the market are Siklmx Co. Ltd., Nichrome Packaging Solutions, Foshan Land Packaging Machinery Co. Ltd., Turpack Packaging Machinery, LPE (Levapack), APACKS, and others.
Oil Packing Machine Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the oil packing machine market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the oil packing machine market based on automation (automatic and semi-automatic), orientation (VFFS machine and HFFS machine), and end use (food, cosmetic & personal care, pharmaceutical, and oil & lubricant) across seven regions.
Key Segments
By Automation:
- Automatic
- Semi-automatic
By Machine Type:
- Filling and Dosing
- Labelling and Coding
- Form, Fill, and Seal
- Cartoning Machines
- Case Handling
- Closing
- Wrapping and Bundling
- Bottling Line
- Conveying Machines
- Other
By Orientation:
- VFFS Machine
- HFFS Machine
By End Use:
- Food
- Cosmetic and Personal Care
- Pharmaceutical
- Oil and Lubricant
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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