Market Overview
The global bagging equipment market size was worth US$ XX billion in 2023 and is projected to record significant growth to reach a market size of US$ XX billion by 2031, growing at a CAGR of XX% within the forecast period (2024-2031).
Packaging is the science and technology that encloses and protects products for storage, sale, distribution, and use. Bagging equipment is used to pack items into containers or wrappers. Furthermore, companies' packaging patterns are altered as a result of sustainable practices. As a result, using bagging machinery in product packaging can provide sustainable packaging benefits.
Bagging equipment is used to fill different types of bags, cartons, and pouches with various items. Bagging equipment entails the concept of automatic packing. The bagging equipment has built-in weight measuring set-up possibilities, obviating the need for constant supervision throughout the packaging process. The bagging equipment ensures that the cargo is packed accurately and efficiently. Furthermore, this equipment is reliable, offers a versatile bag sealing experience, eliminates labor costs, and yields high productivity.
Market Scope
Metrics | Details |
| Market CAGR | 4.2% |
| Segments Covered | By Product, By Automation, By Machine, By Capacity, By End-User, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
Increasing demand for processed and packaged food coupled with wide applications in various industries such as agriculture, food, chemical and fertilizer, automotive, building and construction has increased the demand for bagging equipment in recent times.
In the past few decades, there has been tremendous growth in the demand of the processed and packaging industry. Due to a shortage of time and a hectic lifestyle, the consumer favors packaging food overcooked food. The unprecedented growth in the packaging food industry has severely improved the market for bagging equipment as this equipment can be is used to pack items into containers or wrappers.
Furthermore, apart from the industry, the equipment is used in different end-users such as agriculture, food, chemical and fertilizer, automotive, building and construction industry to pack their respective items and transport them to different parts of the globe. Thus improving demand from different users has improved the market share for bagging equipment in the recent period and is expected to maintain the momentum in the forecast period.
Increasing Demand for Sachet and Small Size Pouch to Boost Sales has triggered the market share for bagging equipment in recent times.
Bagging equipment is high-precision machinery that is used for packaging products in a variety of ways. Because of the growing consumer base, end customers demand tiny packaging such as sachets, flow wraps, compact pouches, and cartons. For a variety of reasons, consumers are requesting lower box sizes. Smaller pack sizes are convenient and cheap, making them handy to transport to work and on vacation.
In the food sector, smaller box sizes aid portion management and reduce the impact of impulse purchases. Smaller packs of cosmetics allow for more experimenting without breaking the bank. Thus, rising consumer awareness is likely to increase demand for small pack sizes across all end-use sectors during the projected period, driving the need for efficient bagging solutions.
COVID-19 Impact Analysis
The covid-19 epidemic has wreaked havoc on the bagging equipment industry. For the time being, increasing demand for bagging equipment has been caused by changes in consumer behavior and a larger desire for flexible packaging solutions to reduce viral transmission through non-packaged products. However, the shut down of various manufacturing units across the globe has negatively impacted the growth of the products. In addition, supply chain disruption has further added to the negative growth of bagging equipment in the recent period. However, conditions are expected to get normal in the forecast period.
Market Segment Analysis
The global bagging equipment market is segmented based on product, automation, machine, capacity, end-user, and region.
Vertical baggers can handle a variety of bagging styles, which has increased their popularity among brand owners.
The global bagging equipment market is segmented into horizontal and vertical baggers based on the machine type. Out of the tow type, vertical baggers holds the highest market share as compared to horizontal baggers. Vertical baggers can handle a variety of bagging styles, which has increased their popularity among brand owners.
Furthermore, vertical bagging equipment is gaining momentum among end-users in the food, cosmetics, pharmaceuticals, construction, and personal care industries. It provides a varied bag sealing experience while lowering operational and labor costs. Furthermore, A vertical bagger can handle almost any output speed and bag design and at a fraction of the cost of pricey manufactured bags.
Market Geographical Share
The majority of tier-1 bagging equipment manufacturers are headquartered in Europe, and they provide both standalone and integrated bagging lines.
Europe has a sizable market share in the worldwide bagging equipment industry. The markets in Western Europe and Eastern Europe are expected to generate incremental revenue opportunities in the forecast period. Furthermore, the majority of tier-1 bagging equipment manufacturers are headquartered in Europe. It provides both standalone and integrated bagging lines.
End-user firms use high-end European-made bagging equipment with large investment capabilities, whilst small-scale businesses with limited investment capabilities use semi-automatic bagging equipment with low capacity. However, in terms of trade, Germany, Italy, China, the U.S., Switzerland, and Spain are the top import destinations for bagging equipment. In contrast, export destinations include Bangladesh, India, the United Arab Emirates, Saudi Arabia, South Africa, and Ghana.
Competitive Landscape
The bagging equipment market is highly fragmented, with the presence of local as well as global companies. Some of the key players contributing to the market's growth include All-Fill Incorporated, Tokyo Automatic Machinery Works Ltd, I.M.A., Robert Bosch GMBH, Industria Macchine Automatiche SpA, PAYPER, S.A., BW Companies Inc., Imanpack Packaging and Eco Solutions S.p.A, STATEC BINDER GmbH, HASSIA-REDATRON GmbH, Premier Tech Chronos, and among others.
The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to globally bagging equipment. In addition, the key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.
- For instance, in 2017, Wraptech, a famous bagging equipment manufacturer and exporter, showcased the WMTF 80, a new tube-filling machine and a revolutionary model of the MB250EV bagging equipment. This heightened competitiveness and the need to increase product innovation initiatives.
WeighPack Systems Inc.
Overview: WeighPack Systems Inc. has always focused on offering quality-built packaging machines using state-of-the-art technology at competitive pricing. It was founded in 1991 and has delivered packaging machines to over 30 countries. The company is a single-source provider and has built its own weigh fillers, baggers, conveyors and case erectors.
Key Development:
- In 2017, WeighPack Systems Inc. created the Bingo Bagger, which is equipment for wicketed bags that have already been constructed. These can reach a length of up to 20 inches. Furthermore, they are capable of producing up to 1,500 bags each hour. As a result, the terrain became more competitive.
Why Purchase the Report?
- Visualize the bagging equipment by product, automation, machine, capacity end-user, region and highlight key commercial assets and players.
- Identify commercial opportunities in the bagging equipment market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of bagging equipment market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global bagging equipment market report would provide access to an approx: 77 market data tables, 73 figures and 180 pages.
Target Audience 2024
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
