Bagging Machine Market Share Estimated USD 20.9 billion by 2030; Top Manufacturers Analysis, Global Trends, Size, Share and Global Foresight
Research Reports
Dec 19, 2022
Bagging Machine Market Research Report and Growth Analysis 2023 by Product Type (Open Mouth Bagging Machines, Form Fill Seal Machine, Valve Bagger Machine, FIBC Machine, Roto Packaging Machines), Automation Type (Automatic Bagging Machines and Semi-Automatic Bagging Machines), Machine Type (Vertical Bagging Machine and Horizontal Bagging Machine), End-Use Industry (Food, Building Materials, Minerals, and Chemical), Bag Size (0.1 kg-5 kg, 5.1 kg-25 kg, 25.1 kg-50 kg, and more than 50 kg), and Region —Forecast till 2028
Bagging Machine Market Overview
According to marker research future insights analysis, the global bagging machine market is expected to register a CAGR of ~ 8.10% from 2022 to 2030 and hold a value of over ~USD 20.9 billion by 2030.
The key factor accelerating market growth is the packaging industries’ growing inclination toward bagging equipment instead of traditional packaging techniques. Another important factor is the packaging industry’s growing demand for customized bagging equipment, which is expected to accelerate the global demand for bagging machines. Additionally, the growing demand in the pharmaceutical industry, consumer packaged goods, and rising consumer consciousness will further accelerate the market growth rate for bagging machines.
Key Players
Some key market players are,
- Robert Bosch GmbH – Packaging Tech
- All-Fill Incorporated
- Tokyo Automatic Machinery Works Ltd
- M.A. Industria Macchine Automatiche SpA
- PAYPER S.A.
- Bossar Packaging S.A.
- CONCETTI S.P.A
- Omori Machinery Co. Ltd
- Fres-co System U.S.A. Inc.
- WOLF Verpackungsmaschinen GmbH
- Fuji Machinery Co. Ltd
- Rennco L.L.C.
- 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 and others.
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The broad-based demand from the end-user industries is a major factor in the increase in market value. One of the additional factors influencing market growth is the increase in applications from various end-use industries. The manufacturers are concentrating on integrating cutting-edge robotic solutions with A.I., machine learning, and advanced algorithms, further expanding the market’s lucrative potential over the projection period. Furthermore, the implementation of travel limitations has further moved consumer focus to packaged goods and beverages for daily meals, further expanding the demand for bagging machines in the future. On the other hand, the market for bagging machines is predicted to face challenges due to the high installation and maintenance costs of a multi-head weighing machine.
Bagging Machine Market Regional Analysis
North America dominated the market for bagging machine in 2021. Rapid industrialization and a rise in packaging applications are both blamed for the market expansion in this area. Additionally, the market for bagging machines is seeing an increase in demand due to the region’s growing food and beverage sector.
Asia Pacific is expected to register lucrative growth in the market for bagging machine because of the region’s growing level of personal disposable income, India’s and China’s strong manufacturing capacities, and export orientation. Expanding the bagging machine market will encourage maintaining the balance between supply and demand due to the increased support from governmental organizations and the shift in consumer behavior toward online shopping platforms.
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Bagging Machine Market Segmentation
The global bagging machine market has been segmented into product type, automation type, machine type, end use industry and capacity type.
Based on product type, the market has been segmented into open mouth bagging machines, form fill seal machines, valve baggers machine, FIBC machines and others. The form fill seal machines category accounted for the largest share of the market in 2021. Due to their high speed and high productivity ratio, form fill seal machines are favored over alternative packaging equipment to satisfy the food sector’s needs. On the other hand, as they offer bagging solutions for bulk materials like packaged cereals, wheat, etc., and for the construction industry, FIBC bagging machines are anticipated to grow rapidly. Valve baggers are mostly used when efficient packaging and cleanliness are priorities.
Based on the automation type, the market has been segmented into automatic bagging machines and semi-automatic bagging machines. The automatic bagging machines category accounted for the largest revenue share in 2021 in the bagging machine market, attributable to its widespread use by large-scale manufacturers in the food business, followed by those in the homecare and personal care industries. Additionally, it lowers labor costs and raises the plant’s output.
Based on machine type, the market has been segmented into vertical bagging machines and horizontal bagging machines. The vertical bagging machines category accounted for the largest revenue share in 2021 in the market for bagging machines. Vertical bagging machines are preferred over horizontal bagging machines due to their lower cost and greater flexibility. These features increase the demand for vertical bagging machines in the market because they can produce high volumes of pillow bags and gusted bags, which is impossible with horizontal bagging machines.
Based on end use industry, the market has been segmented into food industry, construction industry, pharmaceuticals industry, household and personal care and cosmetics industry. The food industry category accounted for the largest revenue share in 2021 in the market for bagging machine. One of the sectors that uses bagging machines the most is the food and beverage sector. This industry uses bags to package various food products, including cereals, snacks, nuts, coffee beans, and tea leaves. These food items are better shielded from moisture, oxygen, and other pathogens thanks to bagging machinery. Additionally, they assist in increasing the shelf life of certain food items.
Based on capacity type, the market has been segmented into below 500 bags/hr, 500-1000 bags/hr, 1001-2000 bags/hr and above 2000 bags/hr. The 1001-2000 bags/hr category accounted for the largest revenue share in 2021 in the bagging machine market because most semi-automatic and automatic devices can work at this speed.
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