Pouch Packaging Machines Market Size & Share | Global Industry Report for 2032
The global market for pouch packing machines is anticipated to reach a value of US$ 1.2 billion in 2022 and grow at a CAGR of 4.1% to reach US$ 1.8 billion by the year 2032, according to data from Future Market Insights. The market for pouch packing machines is expected to grow, with the top 5 businesses predicted to control between 15% and 20% of it by the end of 2022.
Due to the rapid adoption of the most recent technology and automation by the end-use industries, the automatic pouch printing machine segment is predicted to continue to be the leading segment among the other automation segments.
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The pouch packaging machines market will generate US$1,156.8 million in 2021, according to the FMI analysis. The market for pouch packing machines is anticipated to reach US$ 1,810.5 million by the end of the forecast period, growing at a CAGR of 4.1% from 2022 to 2032 as a result of the rising adoption of automation.
The market for pouch packing machines is anticipated to grow during the projection period. According to a recent FMI projection, the sale of pouch packing machines will grow during the forecast period and is expected to generate US$ 642.7 million in potential between 2022 and 2032.
Country-wise insights
How does the USA trigger the Demand for Pouch Packaging Machines?
According to the report published by The USA Department of Agriculture (USDA), the number of grocery stores increased by 4%, from 63,619 to 65,975 between 2009 and 2014 and convenience stores increased from 120,581 to 124,879 which by 4% in the USA. The maximum increment was seen in supermarts and warehouse club stores which is by 18%. The largest share of stores out of the four was convenience stores which accounts for 57% and next was grocery stores accounting for 30%. This will positive growth opportunities for the pouch packaging machine market.
How does China Create a Growth Opportunity for the Pouch Packaging Machines Market?
According to The World Bank Group, a survey shows that 64% of Chinese agreed that food safety is a major priority as it affects their daily lives.
Chinese government promulgated a new Food Safety Law in the year of 2009 and created a food control system. Food safety is directly related to public health and has more impact on poor people. Thus, the reforms in food safety in china created growth opportunities for the pouch packaging machine market.
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Pouch Packaging Machines Market by Category
By Automation Type, Pouch Packaging Machines Market is segmented as:
Automatic
Semi-automatic
Manual
By Output, Pouch Packaging Machines Market is segmented as:
Small Scale
Medium Scale
Large Scale
By End-use, Pouch Packaging Machines Market is segmented as:
Food & Beverage
Beauty & Personal Care
Pharmaceutical
Automotive
Homecare
Pet care
Industrial
By Region, Pouch Packaging Machines Market is segmented as:
North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa (MEA)
Oceania
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