The global wicketed packaging systems market is expected to grow at a moderate CAGR range of 4% to 5% from 2022 to 2032. The market is set to reach a significant value by the end of 2032. The rapidly advancing technologies and rising emergence of new bio-plastics are factors that will augment the sales of wicketed bagging machines in the upcoming years. The ability to work with bags of varying sizes at differing operating speeds along with strong packaging attributes also drive the growth of the wicketed bagging machines during the forecast period.
A kind of packaging solution that is made of plastic resins held together on a thin wicket or metal bar is referred to as a wicketed bag. These bags make product dispensing faster and easier. Wicketed bagging machines are industrial tools that can, automatically or semi-automatically, open, fill, and seal pre-made wicketed bags. These machines are gaining traction across diverse industries owing to their powerful packaging characteristics and their capacity to work with bags of different sizes at different operating speeds. Sectors like bakery and confectionery, processed food, agrochemicals, pharmaceuticals, animal feed, personal care, and cosmetics among others are contributing to the rising demand for these machines. Therefore, the expansion and development of these industries coupled with extensive application of the machine in the packaging of wheat, corn, seeds, rice, pulses, and other grains are estimated to spur the demand for the wicketed bagging machine in the international marketplace.
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During the forecast period, the market for wicketed bagging machines will also be driven by the rapid industrialization and automation processes taking place all across the globe. With several key food and beverage manufacturers concentrating on the adoption of automation technologies and equipment like the wicketed bagging machine, the market prospect for the product look bright in the upcoming years. This machine enhances productivity, reduces packaging time, and shortens the product dispensing time resulting in an improved production process. This consideration is anticipated to bolster the growth of the wicketed bagging machines during the assessment period.
Key Takeaways:
- High initial and maintenance costs along with stringent regulations executed by governmental and environmental protection agencies regarding plastic packaging solutions will likely deter the growth of the wicketed bagging market.
- Heightened demand for packaging machinery and activities of market manufacturers will propel Europe to emerge as an immensely lucrative market.
- South Asia will register a strong growth rate in the wicketed bagging market owing to the increasing governmental focus on automation technologies in several countries of the region.
- Greater demand for the adoption of advanced technologies across different industries and the introduction of novel bio-plastics will strengthen market prospects during 2022 and 2032.
Competitive Landscape
Euro Machinery ApS, WeighPack Systems Inc., Paxiom Group, Robert Bosch GmbH, I. M.A. Industria Macchine Automatiche SpA, and NEWTEC, among others, are some of the predominant players in the wicketed bagging machines market profiled in the full version of the report.
Key market participants are concentrating on releasing and developing new equipment enabled with innovative features. These firms also deploy partnerships, mergers, and acquisition tactics to enhance their market footprints.
More Insights into Wicketed Bagging Machines Market
In its latest report, FMI offers an unbiased analysis of the global wicketed bagging machines market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of automation type, machine type, machine speed, end-use, and region.
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According to the latest FMI reports, based on segmentation, these machines are expansively used in the packaging of wheat, corn, seeds, rice, pulses, and other grains. The confectionery and bakery sector will also underpin the growth of the market.
Based on region, the wicketed bagging machines market in South Asia will display strong growth over the next few years. The target market in this region is strongly influenced by favorable initiatives by the governments of several countries. Many governments are keen on adopting process automation technologies to enhance productivity. This factor is anticipated to drive the wicketed bagging machine to register a strong growth rate during the assessment period. In addition, Europe will also demonstrate impressive growth in the wicketed bagging machines market during this period.
Key Segments Profiled in the Wicketed Bagging Machines Market Survey
By Automation Type:
- Automatic
- Semi-Automatic
By Machine Type:
- Vertical Wicketed Bagging Machines
- Horizontal Wicketed Bagging Machines
By Machine Speed:
- Upto 500 Bags/Hr.
- 501 – 1000 Bags/Hr.
- 1001-1500 Bags/Hr.
- 1501-2000 Bags/Hr.
- More Than 2000 Bags/Hr.
By End Use:
- Food
- Bakery & Confectionery
- Animal Feed/Pet Food
- Grains
- Wheat
- Rice
- Corn
- Pulse
- Other Grains
- Seeds
- Spices & Condiments
- Coffee Beans
- Dairy Products
- Meat, Poultry & Seafood
- Pharmaceutical
- Personal Care & Cosmetics
- Others (Chemical, Homecare)
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