Flow Pack Machines Market is Expected to Reach US$6.8 Billion by 2032, at a CAGR of 3.4% from 2022 to 2032 | Future Market Insights, Inc.
The German flow pack machine market is expected to offer an additional potential of US$36.7 million during the period 2022-2032. The US flow pack machine market is expected to grow at a CAGR of 2.5% over the forecast period 2022-2032.
NEWARK, DE /ACCESSWIRE/September 21, 2022/ Future Market Insights (IMF) in its latest report on the global flow pack machine market estimates, packaging is key to boosting a company’s marketability and improving its profitability. Companies are emphasizing packaging due to the expansion of their customer base. As packaging not only enhances the aesthetic value of a product, but also preserves it until the customer receives it, the demand for flow pack machines will increase.
The flow pack mechanism is widely used for the packaging of goods in food and non-food industries, such as the packaging of cotton strips, cakes, detergents, pharmaceuticals and cosmetics. On the back of this, the demand in the market is expected to increase by 1.5x, surpass US$6.8 billion end of 2032.
The manufacturing process of these machines can easily be automated and controlled by a touch screen. Flow wrap machines can be used for fast packaging of products. It has been applied to flexible packaging of products in many industrial sectors. The flow packaging machine industry is expected to grow at 3.4% CAGR over the projected period (2022-2032) due to its wide use in food and beverage, pharmaceutical and other industries.
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Key Takeaways from the Flow Pack Machinery Market
- Automatic flow pack machine as an automation segment is estimated to remain the leading segment, accounting for 85.1% market share by the end of 2022.
- On an end-use basis, the food and beverage segment is expected to register a CAGR of 4.2%, creating an absolute incremental opportunity of US$823.6 million during the period 2022-2032.
- Europe and East Asia are collectively expected to hold approximately 45.3% of the market share by value in the global flow pack machine market.
- In terms of machine type, the vertical flow packaging machine segment is expected to witness robust growth over the forecast period.
- The United States is expected to lead the growth of the flow pack machine market in North America thanks to the expansion of the food and beverage sectors.
“The protective and robust packaging solutions offered to the food industry should increase sales of flow pack machines. Additionally, flow pack machines offering cost-effective and higher quality finished product packaging solutions are expected to create growth opportunities for key players over the next decade. says an IMF analyst.
Flow Pack Machines Market Landscape
ULMA Packaging, Sacmi, RECORD SPA packaging machinery, Guvenpack, Technopack Corporation, Omori Europe, Cavanna Packaging Group are the major players operating in the flow pack machinery market. In addition, PFMSPA, IMA-Ilapak and JOIEPACK industrial co., Ltd. are also notable players in the flow pack machine market. Tier 1 market players hold 10-15% of the global flow pack machine market.
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Flow Pack Machines Market Report
Future Market Insights in its new report offers an unbiased analysis of the global Flow Pack Machines market, analyzing the historical demand from 2015-2021 and forecast statistics from 2022-2032. The study reveals market growth projections in the flow pack machine market based on the automation (manual, semi-automatic, automatic), type of machine (Horizontal Flow Wrapping Machine, Vertical Flow Wrapping Machine), and end use (food and beverage, personal care and cosmetics, electrical and electronics, pharmaceuticals) in seven regions.
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About Future Market Insights Packaging Division
Future Market Insights packaging division provides 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 and packaging machinery to packaging designs and formats, Future Market Insights has an extensive database for these verticals, providing clients with unique research offerings and strategic recommendations. With a repository of over 1,000 reports, the team has comprehensively analyzed the packaging industry in over 50 countries. The team assesses each node of the value chain and provides end-to-end research and advisory services; reach out to explore how we can help you.
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
Read more Table of Contents….
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