According to our latest market study, titled "Global Stick & Sachet Packing Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Application, and Vehicle Type," the 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.
Logistics and Transportation Industries Demand Packaging
The demand for packaging in the logistics and transportation sectors has increased due to the need to wrap and bundle goods and commodities. This trend is expected to continue, further boosting the growth of the stick and sachet packing machine market. The rise of e-commerce has also contributed to the growth of the global market. Apart from convenience, sustainability, transparency, food safety, and food waste reduction are critical factors that influence the flexible packaging choice for meat, poultry, and seafood in the food industry. Consequently, companies are shifting towards recyclable and recycled-content flexible packaging solutions. For instance, formable paper is gaining popularity as it offers excellent barrier qualities, reducing plastic use by up to 80%. This trend is driving the growth of the global stick & sachet packing machine market.
The global stick and sachet packing machine market presents an opportunity for digital printing integration, and the research methodology used to prepare the study involved both top-down and bottom-up approaches. The market players, such as ARANOW Packaging Machinery, S.L.; Ingeniería de Envasado Vertical S.L.; IMA-Ilapak; Körber AG; Matrix Packaging Machinery, LLC; MESPACK, S.L.; OMAG S.r.l.; SmartPac Verpackungsmaschinen GmbH; Syntegon Technology GmbH (Bosch Packaging Technology); and Universal Pack S.r.l., focus on meeting customers' needs by integrating advanced technology into the industry, contributing to the growth of the global stick and sachet packing machine market.
Key end-users of stick and sachet packing machines are the food & beverage, pharmaceutical, chemical, and cosmetic industries, with Europe, North America, and Asia Pacific (APAC) serving as major hubs for the growth of the packaging industry. These regions are expected to drive the growth of the global stick and sachet packing machine market in the foreseeable future.
The primary research conducted for the study involved gathering valuable insights and opinions from numerous leading industry experts, global sales managers, key opinion leaders, and industry veterans about the global and regional trends associated with the stick & sachet packaging machine market.
Key Findings of Study:
The global stick & sachet packing machine market is analyzed on the basis of type, end user, product type, and geography. Based on type, the market is segmented into stick pack packing machines and sachet packing machines. By end user, the market is segmented into food and beverages, pharmaceutical, chemicals, cosmetics, and others. By product type, the market is bifurcated into powder and granule, liquid products, and others. In terms of geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2020, APAC led the global stick and sachet packing machine market. While Europe acquired the second largest share followed by APAC in the global stick & sachet packing machine market.
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