The Worldwide Stick & Sachet Packing Machine Industry is Expected to Reach $10.9 Billion by 2028 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Stick & Sachet Packing Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Coverage Type, Product Type, and End User" report has been added to ResearchAndMarkets.com's offering.
The global stick & sachet packing machine market was valued at US$ 6,819.38 million in 2020 and is expected to reach US$ 10,978.92 million by 2028. It is estimated to register a CAGR of 5.4% during the forecast period.
Based on type, the global stick & sachet packing machine market has been bifurcated into stick pack packing machines and sachet packing machines. In 2020, the stick pack packing machine segment led the market with 59.0% and was valued at US$ 4,026.08 million. Based on product type, the market was led by powder and granule with 55.3% in 2020. By end user, the market is divided into food & beverages, pharmaceuticals, chemicals, cosmetics, and others.
The global stick & sachet packing machine market is spread across APAC, the MEA, Europe, North America, and SAM.
Small sealed flexible packets with three or four layers of packaging are known as sachets. Aluminum, paper, cellulose, plastic, or fabric are used to make sachets. These are tiny packages sealed on all sides and contain products, such as tea, coffee, detergents, shampoo, mouth fresheners, ketchup, spices, cream, lubricant, oil, sugar, and sauces in liquid, powder, or capsule form. Primarily, the cosmetics, personal care, food & beverages, and pharmaceutical industries deploy sachet packaging.
Sachet packets are less expensive than larger packets and require less storage space, lowering shipping costs. The main target market for sachet packing vendors is low-income groups, such as the poor or lower-middle-class, who are price-sensitive and will always pick a less expensive option.
The end users of the stick and sachet packing machine market, include food & beverages, pharmaceuticals, chemicals, and cosmetics, among others. Europe, North America, and Asia Pacific (APAC) are the major hubs for packaging industry growth, and these regions are also anticipated to drive the growth of the global stick and sachet packaging machine market.
The rise in end-user verticals, surge in demand for consumer-friendly packaging, and the need for complete protection of products have strengthened the role of packaging as a viable and cost-effective choice across the world. There is an increasing need for pharmaceuticals across the Middle East and Africa. Countries, such as the UAE, Turkey, and Egypt, have enormous economic potential. Their manufacturing and subsequent handling within the pharmaceutical supply chain necessitates special packaging and handling complications. Pharmaceutical makers are forced to pass on rising costs to packaging businesses; this has become one of the primary drivers of the global stick & sachet packing machine market.
Digital printing impacts every aspect of the packaging and shows no indications of slowing down. Packagers have significantly more personalization and customization choices with digital printing than mechanical processes, such as typesetting. Over the last decade, most packaging companies shifted from traditional to digital packaging. However, entirely retooling a factory takes time. Only a few companies will likely be left standing in 2022, if they have not jumped on board the digital train and made that progressive investment. Digital printing makes customization much easier, leading to the growth of the global stick & sachet packing machine market.
The demand for lightweight and thin-walled packaging has increased significantly to address sustainability and environmental concerns and lower the quantity of materials required in packaging. As a result, equipment manufacturers focus on developing machines with greater functionality to increase production speed while tolerating fragile and thinner packing materials. Automation in packaging equipment has some advantages, including enhanced operability, flexibility, and a better throughput rate, ultimately boosting the global stick & sachet packing machine market.
- Overall Equipment Effectiveness (OEE) Technique
- Logistics and Transportation Industries Demand Packaging
- High Production and Import Cost
- Incorporation of Digital Printing
- Automation in Packaging Machines
- ARANOW Packaging Machinery, S.L
- Ingenieria de Envasado Vertical S.L.
- Korber AG
- Matrix Packaging Machinery, LLC
- MESPACK, S.L
- OMAG S.r.l
- SmartPac Verpackungsmaschinen GmbH
- Syntegon Technology GmbH
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