Category

Bagging Machines Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Machine Type (Horizontal Bagging Machines, Vertical Bagging Machines), By End-User (Food And Beverage, Pharmaceuticals, Cosmetics, Others), And Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061612675 | Pages:  120

Global bagging machines market is expected to grow at a compound annual growth rate of 3.53% to reach a market size of US$3.792 billion by 2024 from US$3.079 billion in 2018.

Bagging Machines are equipment used for packaging of products in a bag. The growing food & beverage industry coupled with rising preference for packaged foods is expected to be a key factor driving the bagging machines market. Further the growing pharmaceutical industry is also anticipated to be a major contributor to the rising demand for bagging machines. Additionally, various technological advancements are projected to widen up the growth opportunity. Major industry driving the bagging machines market are Food and Beverage, pharmaceuticals, cosmetics and household among others. However, high cost associated with the equipment is expected to hamper the market growth. North America along with Asia-Pacific is expected to be a prominent region owing to the increasing food and beverage industry and growing preference towards packed food. Europe is also projected to be a prominent region during the forecast period. 

 

DRIVERS

Growing food & beverage industry.

Technological advancements

 

RESTRAINTS

High setup cost

The major players profiled in the bagging machines market include Premier Tech Ltd., HASSIA-REDATRON GmbH, MONDIAL PACK S.r.l, Webster Griffin Ltd, STATEC BINDER GmbH, Imanpack Packaging and Eco Solutions S.p.A., WOLF Verpackungsmaschinen GmbH, Concetti S.p.A, PAYPER, S.A., Tokyo Automatic Machinery Works, Ltd., BW Flexible Systems (Barry-Wehmiller Companies), Nichrome Packaging Solutions, and Rennco, LLC.

Bagging Machines Market Scope:

Report Metric Details
 Market size value in 2018  US$3.079 billion
 Market size value in 2024  US$3.792 billion
 Growth Rate  CAGR of 3.53% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Machine Type, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Premier Tech Ltd., HASSIA-REDATRON GmbH, MONDIAL PACK S.r.l, Webster Griffin   Ltd, STATEC BINDER GmbH, Imanpack Packaging and Eco Solutions S.p.A., WOLF   Verpackungsmaschinen GmbH, Concetti S.p.A, PAYPER, S.A., Tokyo Automatic   Machinery Works,Ltd., BW Flexible Systems (Barry-Wehmiller Companies), Nichrome   Packaging Solutions, Rennco, LLC
 Customization scope  Free report customization with purchase

 

Segmentation

The bagging machines market has been analyzed through the following segments:

 

By Machine Type

Horizontal Bagging Machines

Vertical Bagging Machines

 

By End-User

Food and Beverage

Pharmaceuticals

Cosmetics

Others

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others

 


Frequently Asked Questions (FAQs)

Q1. What will be the bagging machines market size by 2024?

A1. The global bagging machines market is expected to reach a total market size of US$3.792 billion by 2024.

Q2. What is the size of the global bagging machines market?

A2. Bagging Machines market was valued at US$3.079 billion in 2018.

Q3. What are the growth prospects for bagging machines market?

A3. The bagging machines market is expected to grow at a CAGR of 3.53% during the forecast period.

Q4. What factors are anticipated to drive the bagging machines market growth?

A4. The growing food & beverage industry coupled with the rising preference for packaged foods is expected to be a key factor driving the bagging machines market.

Q5. Which region holds the largest market share in the bagging machines market?

A5. North America and Asia Pacific regions are expected to hold a noteworthy share in the bagging machines market owing to the increasing food and beverage industry and growing preference towards packed food.

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