The global oil packing machine market is anticipated to see a market size of US$ 225.6 million in 2022 and register a CAGR of 4.3% to reach US$ 344.6 million by 2032, according to research from Future Market Insights. The top 5 firms are predicted to control 20–25% of the global oil packing machine market by the end of 2022, which will drive the market’s revenues.
Due to the growing trend toward automation and the end-use industries’ adoption of the most recent technology, the automatic oil packing machine segment by automation is anticipated to occupy around 70% of the market value share by the end of 2032.
The oil packing machine market is anticipated to generate US$ 225.6 million in 2022, a 3.2% increase in global revenues, according to FMI projections.
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The oil packing machine market is anticipated to grow by US$ 119.0 million between 2022 and 2032 due to the end-use industries’ increasing adoption of oil packing machines for safe and hygienic packaging as well as to achieve increased production and efficiency.
Key Trends in the Oil Packing Machine Market
- Automation Advancements: Increasing adoption of automated oil packing machines for higher efficiency and reduced labor costs.
- Sustainable Packaging: Growing demand for eco-friendly and recyclable packaging materials and processes in the oil industry.
- Customization: Oil packaging machines that offer flexibility in packaging sizes and designs to meet diverse consumer demands.
- Digitalization: Integration of IoT and digital technologies for real-time monitoring, predictive maintenance, and data-driven insights.
- Hygiene and Safety: Emphasis on machine designs that meet stringent hygiene and safety standards for food-grade oil packaging.
- Energy Efficiency: Development of energy-efficient machines to reduce operational costs and environmental impact.
Key Companies:
- Niverplast B.V.
- Turpack Makine Sanayi ve Ticaret Ltd. Sti.
- GEA Group
- SN Maschinenbau GmbH
- Gemseal Abhilash Industries
- Nichrome Packaging Solutions
- Foshan Land Packaging Machinery Co. Ltd.
- Siklmx Co. Ltd.
- Turpack Packaging Machinery
- LPE (Levapack)
- APACKS
- Unitech Engineering Company
- Bestar Packaging Machine Co., Ltd.
- Ruian RunLi Machinery Co., Ltd.
- Wenzhou Wimach Machinery Co., Ltd.
Competitive Landscape
The oil packing machine market is fragmented and competitive, with the key players driving the market growth with frequent product launches. The leading players in the market focus on various tactics such as collaborations, mergers & acquisitions, and partnerships to propel their market growth. Some of the recent developments in the oil packing machine market are as follows:
For instance,
- In July 2020, Nichrome added a new product Filpack Servo SMD to its cooking oil packaging machine portfolio. Filpack Servo SMD is a compact, durable, easy-to-operate, and maintain oil packaging machine and includes PLC to control operations.
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Key Segmentation for Oil Packing Machine Market
By Automation, the Oil Packing Machine Market is Segmented as:
- Automatic
- Semi-automatic
By Orientation, the Oil Packing Machine Market is Segmented as:
- VFFS Machine
- HFFS Machine
By End Use, the Oil Packing Machine Market is Segmented as:
- Food
- Cosmetic & Personal Care
- Pharmaceutical
- Oil & Lubricant
By Region, the Oil Packing Machine Market is Segmented as:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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