NEWARK, Del, Aug. 12, 2022 (GLOBE NEWSWIRE) -- The global pouch equipment market size is anticipated to grow from US$ 3 Bn in 2022 to US$ 4.9 Bn by 2032, accelerating at a CAGR of 4.9% throughout the forecast period (2022-2032).
Rising adoption of flexible packaging solutions like pouches, across various industries including food and beverages, cosmetics and personal care, pharmaceutical, and chemical is a key factor driving demand for pouch equipment in the market.
The pouch equipment is used to fill the pouches with products and also to seal them appropriately. They are mostly used across the food, pharmaceutical, cosmetic and chemical sectors due to their increasing plus points such as high degree of automation, one-stop service, and cost-effective and customizable features.
Pouch equipment is used for a variety of functions that includes forming pouches, filling pouches, and sealing and packing them. Pouch equipment plays a key role in assuring product safety at all parts of the supply chain.
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Pouches are lighter in weight than other traditional packing products such as metal cans, and jars, which helps in reducing overall transportation costs. The above-mentioned factor has forced manufacturers to switch to pouch as the preferred packaging format. Driven by this, sales of pouch equipment are likely to grow at a steady pace over the next decade.
Key Takeaways from Global Pouch Equipment Market
"Increase in Adoption of Automated Pouch Equipment by Food & Beverages Manufacturers Will Act as a Catalyst for Driving Global Sales of Pouch Equipment Across all Parts of the World."- says FMI analyst
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Automatic Pouch Equipment Trending Across the Globe
Pouch equipment can be designed with an inline process or a circular layout. Automatic pouch equipment is becoming popular today for its ease of use and simplicity which is the major trend in this market.
Pouches are very easy to use and a very demanding product for the consumers. As they are very flexible and trendy to carry, they have become a trend among all the consumers. This is expected to bolster the demand for pouch equipment during the forecast period.
Pouch equipment is used to manufacture pouches which have widened applications such as snacks, detergent powders and cosmetics, etc. It also helps assuring airtight packing to avoid contamination of products. This equipment helps in convenient and innovative options for packaging consumer goods as well as industrial goods.
Some of the leading players pouch equipment manufacturers include Coesia SpA, Massman Automation Design, LLC, PFM Packaging Machinery , Volpak, VELTEKO CZ sro, SN Maschinenbau GmbH, Suvi Packaging Machine, Adelphi Group, Rezpack Machinery Inc., Topack Co. Ltd and others.
The market is expected to observe a strong competition due to increasing number of market participants across various nations. In order to capitalize and improve their revenue share, these players are using strategies such as new product launches, partnerships, acquisitions, mergers, and strengthening of distribution channels.
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Global Pouch Equipment Market by Category
Future market insights, in its new report, offers an unbiased analysis of the global market for pouch equipment market by machine type (manual, semi-automatic and fully automatic), pouch type (stand up pouches, flat pouches and vacuum pouches), by orientation (horizontal, vertical) by end-use industry (food & beverage, pharmaceutical, chemicals, cosmetics, etc.) across seven regions.
4. Global Pouch Equipment Market Analysis 2015-2021 and Forecast, 2022-2032
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The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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