The Global Bagging Machine Market Is Projected to Register a CAGR of 8.14% and reach a value of USD 21,835.10 million by 2028.
Bagging machines are automated solutions designed to use either a plastic tubing or pre-opened bags on a roll to speed up the filling and sealing process used for a variety of products.
COVID-19 Impact Analysis
The COVID-19 pandemic has adversely affected and is expected to continue to pose risks to bagging machines business. There are numerous risks related to the outbreak of COVID-19 pandemic. COVID-19 spread across the globe during 2020 and continues to impact economic activity around the globe. COVID-19 caused disruption and volatility in the global capital markets and authored an economic slowdown during 2020. The COVID-19 pandemic and its associated economic uncertainty negatively impacted the bagging machines market in most geographies and across a variety of customers. In regard to COVID-19, governments around the world have introduced certain measures, such as travel prohibitions, shutdowns of certain businesses, bans on group events and gatherings, shelter-in-place orders, curfews and recommendations of practicing social distancing. These restrictions have resulted in weakening activity and temporary closures of manufacturing facilities.
Bagging Machine Market Dynamics
Bagging machines are designed for dosing and packaging of pharmaceutical, cosmetic, food and beverage products into small bags, sachet, pouches among others. Bagging machines are used for precision packaging of small pack size. The bagging machines are used for different applications in various industries such as food, building materials, minerals, chemical, among others. Growth of industrial and commercial sectors globally, and applications in various markets is driving the market growth for bagging machines. Manufacturers are introducing automations in their products offerings which is creating a huge growth opportunity for the global bagging machines market for the forecast period. However, the growth of the market can be hindered due to the high investment cost and increasing cost of raw material.
The need for bagging machines is growing greatly in recent years owing to the wide variety of products that are shipped and sold in bags. Also, they can be used in variety of industries such as industrial and commercial. Many consumer products are shipped and stored in bags. Owing to this, it is essential that the shipping and packaging of products should be easier for the manufacturers. Bagging machines have numerous beneficial applications such as it can be used for packaging products precisely in various format. For instance, it can be used as a precision equipment for packaging products in the form of small size pouches, sachets, flow wraps, and small size cartons. End user consumers are increasingly demanding for smaller pack size as they are more convenient and affordable. Small pack sizes also help in portion controlling and reduce the impact purchasing decisions. Small size packaging also helps in experimentation without excessive spending. The increasing mindfulness among consumers is driving the demand for small pack size in end use industries, thereby driving the market for bagging machines.
Moreover, bagging machines are able to fill about sixty items per minute. Also, bagging machines are used in almost all the industries for packaging as they can package bags that are available in various sizes and materials. For instance, bagging materials that can be used for packaging includes, paper, plastic, wax paper, and burlap. Plastic made of polyethylene, polypropylene and antistatic plastic material are involved as well. Thus, the variety of applications and use of bagging machine in various industries is expected to drive the demand for bagging machines even further during the forecast period.
Manufacturers in the bagging machines market are increasingly inclining towards introducing automation in the products. Bagging equipment manufacturers are focusing on research and tech advancements in the products they are offering. Manufacturers are integrating artificial intelligence with quality control systems. This is helping new versions of bagging machines to be nearly error free in packaging even for long duration of operations. Moreover, manufacturers are introducing multitasking capabilities in the new machines which enables the machine to perform labeling and sealing processes along with bagging. This helps the end users to reduce labor costs, potential for worker injury and provide convenience and precision in their packaging process. This creates great growth opportunity for bagging machines for the forecast period.
Bagging Machine Market Segment Overview
By Product Type
Based on product type, the global bagging machine market has been segmented into open mouth bagging machines, form fill seal machine, valve bagger machine, FIBC machine, roto packaging machines and others. The form fill machines segment accounted for the largest market share of 23.25% in 2020. However, the open-mouth bagging machines segment is likely to register a higher CAGR of 8.62% during the review period.
By Automation Type
Based on automation type, the global bagging machine market has been segmented into automatic bagging machines and semi-automatic bagging machines. The automatic bagging machines segment accounted for a larger market share of 63.20% in 2020 and is likely to register a CAGR of 8.31% during the review period.
By Machine Type
Based on machine type, the global bagging machine market has been segmented into vertical bagging machine and horizontal bagging machine. The vertical bagging machine segment accounted for a larger market share of 55.42% in 2020 and is estimated to register the highest CAGR of 8.24% during the forecast period.
By End-Use Industry
Based on end-use industry, the global bagging machine market has been segmented into food, building materials, minerals, chemical, and others. The chemical segment accounted for a larger market share of 29.33% in 2020 and is estimated to register the highest CAGR of 8.67% during the forecast period.
By Bag Size
Based on bag size, the global bagging machine market has been segmented into 0.1 kg-5 kg, 5.1 kg-25 kg, 25.1 kg-50 kg, and more than 50 kg. The 5.1kg- kg-25 kg segment accounted for a larger market share of 30.31% in 2020, whereas 0.1kg-to 5kg is estimated to register the highest CAGR of 8.85% during the forecast period.
Global Bagging machine Market Share, by region, 2020 (%)
Sources: MRFR Analysis
Bagging Machine Market Regional Analysis
By region, the global Bagging machine market has been divided into North America, Europe, South America, Asia-Pacific, and Middle East and Africa. Asia Pacific accounted for the largest market share of 36.05% in 2020, the market is expected to register the highest CAGR of 8.58% during the forecast period. Europe was the second-largest market in 2020, the market is projected to exhibit a CAGR of 8.02%.
Asia Pacific is accounting for 36.05% of market proportion in the year of 2020 and it is projected to expand at a high CAGR of 8.58% the forecast period of 2021-2028. The COVID-19 pandemic has led to the imposition of travel restrictions and lockdown regulations, which have drawn consumers' attention to online platforms for shopping for food, electronics, medicine, clothing, basic kitchen products, and essential products for the home. According to the National Investment Promotion and Facilitation Agency, India's e-commerce market is expected to be more than USD 55 billion in gross merchandise value by the end of 2022. Additionally, the Indian government has allowed direct investment foreign (FDI) 100% in the context of B2B e-commerce and the business model of the market. The growing support from government bodies and the shift of customers to online shopping platforms will promote the expansion of the bagging machine market to maintain the relationship between supply and demand.
Europe is also accounting for significant market share in the global bagging machine market in the year of 2020 and is expected to grow at a CAGR of 8.02% during the forecast period 2021-2028. Packaging demand in various bagging machine applications is increasing and increasing disposable income is driving the growth of the packaging machine market in Europe. The growing e-commerce sector, the fast growth of consumers, and the development of the pharmaceutical industry are the main aspects that are fueling the growth of the bagging machine market in the region. Germany and Italy are the main producers and are also recognized for a significant number of exports to the region. These countries also provide their consumers with individual and advanced machinery, as well as installation, design, and production, as well as service and maintenance of machinery. In addition, the European Committee for Standardization has set certain rules and standards for bagging machinery safety requirements and various types of products which are expected to encourage the bagging machine market.
Bagging Machine Market Competitive Landscape
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Tokyo Automatic Machinery Works Ltd, Syntegon Technology, All-Fill Incorporated, Payper S.A., Bossar dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.
Prominent players in the global bagging machine market include Tokyo Automatic Machinery Works, Ltd. (Japan), Honeywell International Inc. (US), Syntegon Technology (Germany), All-Fill Incorporated (US), Payper S.A. (Spain), Bossar Packaging S.A. (Spain), Pakona Engineers Pvt., Ltd. (India), Concetti S.P.A. (Italy), Omori Machinery Co., Ltd. (Japan), Fres-co System USA Inc. (US).
Few developments that occurred in recent times influencing the market growth of Bagging machine are listed below:
Bagging Machine Market Scope of the Report
Global Bagging Machine Market, by Product Type
Global Bagging Machine Market, by Automation Type
Global Bagging Machine Market, by Machine Type
Global Bagging Machine Market, by End-Use Industry
Organic Global Bagging Machine Market, by Bag Size
Global Bagging machine Market, by Region
|Market Size||USD 21,835.10 million|
|Forecast Units||USD (Value Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Macine Type, Automation Type, End Use|
|Geographies Covered||North America, Europe, Aisa Pacific|
|Key Vendors||Tokyo Automatic Machinery Works Ltd. (Japan) Honeywell International Inc. (US) Syntegon Technology (Germany) All-Fill Incorporated (US) Payper S.A. (Spain) Bossar Packaging S.A. (Spain) Pakona Engineers Pvt. Ltd. (India) Concetti S.P.A. (Italy) Omori Machinery Co.Ltd. (Japan) Fres-co System USA Inc. (US)|
|Key Market Opportunities||Increasing automation in the industry|
|Key Market Drivers||Variety of applications in various sectors|