According to latest research study by FMI, automatic pre-made pouch packing machine business is set to grow at a CAGR of over 6% during 2021-2031. The demand for automatic packaging machines is gaining high popularity in the machinery industry and this has reflected in the automatic pre-made pouch packaging machines business.
Furthermore, the growing prominence of flexible packaging in food and beverages industry is one of the key driving factor for the product sales. It has been anticipated that sales of automatic packaging machine to grow at a rate of more than 1.8X during the forecast period.
The adoption of automated machines in the industries packaging products has led a significant demand for automatic pre-made pouch packing machine. Predominantly the food and beverages industry are the one responsible for higher sales of the product.
The shift of conventional packaging to automated packaging by the end-user in order to pace up packaging of the end-product error free has been a major cause for such a demand of the product. The packaging solutions provided by automatic pre-made pouch packaging machine enables end-users to easily adapt to different pre-made pouch used for packaging.
Thus, this feature has made it to be used in other industries such as healthcare, automotive etc.
The COVID-19 pandemic has boosted the sales of the product as the automated machine can be programmed for the number of package to be produced without much human intervention. Only a few people will be sufficient to control the machine feed and for troubleshooting, which in turn helps the people working in these manufacturing industries to be safe and maintain social distancing.
Growing inclination of people towards packaged food owing to multitude benefits has led to a significant demand for pouch packaging machines. In the past half-decade the packaged food industry has experienced a massive surge, projecting a growth rate of over 5.1%. Packaged foods are easy to eat and handle and are also free from external tampering.
Busy life schedule of working class people has made them to opt for lite & healthy snacks and ready to eat meals which are sold in packages. It is expected that in the next 10 years the packaged food industry will grow over 1.5X. Thus, growth in packaged food industry is creating massive demand for products such as automatic pre-made pouch packaging machines.
North America is one of the strategic regions for pre-made pouch packaging machine market. The region accounted for more than 30% of the overall sales of the product in 2020. Such as higher sales is due to the fact that presence of the end-use industry such as food, beverages and chemicals industries in the region are high in number.
It has been recorded that in the region there are more than 35 thousand food and beverages processing units. Out of which near about 75% of the units are anticipated to have one or the other pre-made pouch packaging machines.
The US is highest share holder accounting for more than 65% of the regional demand. Also, the number of players manufacturing automatic pre-made pouch packaging in the country are at a higher side making the country one of the key manufacturers of the product.
In the coming years, the food and beverages manufacturers in the region will be shifting to stand-up pouch as it’s the new trend in the packaging industry and provide good protection to the products inside. This shift is anticipated to supplement the growth of automatic pre-made pouch packaging machine. During 2021-31, the demand of the product in the region is expected to grow at a rate of more than 2.0X.
Europe is one of the prominent region in automatic pre-made pouch packaging machine business. In 2020, the region accounted for over 20% of the overall production of automatic pre-made packaging machine with a CAGR of 5.6%. Most of the top players are present in this region and so the sales rate of the product is higher.
In addition, the region is also highest consumer of packaged foods and so the end-user industries associated to it are present in large numbers. The automotive lubricant industry is second highest user of automated pre-made pouch packaging machines after food and beverages industry.
The COVID-19 pandemic has led a significant impact on the end-user industries of automatic pre-made pouch packaging machines during the first two quarter of 2020 due production stoppages and imposed lockdowns.
From the third quarter onwards most of the end-users have shifted to fully automatic packaging machines in replacement of semi-automatic in order to operate with less workers in the factory and avoid production stoppages due to lack of work force.
Thus, COVID-19 has positively affected the automatic pre-made pouch packaging machines demand. Due to more inclination of end-users to fully automatic machines in the next 10 years the sales of automatic pre-made pouch packaging machine in the region will grow over a CAGR of 5.8%.
Some of the leading manufacturers and suppliers of automatic pre-made pouch packaging machines include
The competitive landscape of automatic pre-made pouch packaging machine is partially fragmented in nature. The players are practicing a mix blend of organic and inorganic strategies. Top players in the business are investing in acquisition of the highly competitive players in their operational regions to reduce competition and create more room for them.
The small scale manufacturers are focusing on introducing new specifications such as weigher surveillance system for flexible packaging systems in order to attract end-users towards them and gain new business opportunity. The presence of number of players on this business shows that the road block for new entrants is limited and still room is there for setting up new business.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Automatic Pre-made Pouch Packaging Machine Market
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