The bagging equipment market is anticipated to capture a valuation of US$ 2.9 billion in 2023. The market is expected to rise to US$ 4.5 billion by 2033 and register a CAGR of 4.4% during the forecast period.
How is Bagging Equipment a Popular Choice Among Manufacturers?
Manufacturers often choose to bag equipment for packaging because it offers several advantages over other packaging methods. Here are some key reasons why bagging equipment is a popular choice:
- Versatility: Bagging equipment can package various products, from food items like grains and cereals to industrial products like chemicals and plastics.
- Efficiency: Bagging equipment is designed to package products quickly and efficiently, reducing labor costs and increasing production speed.
- Cost-effectiveness: Bagging equipment is generally less expensive than other packaging equipment, making it an affordable choice for manufacturers.
- Space-saving: Bagging equipment is typically smaller and more compact than other packaging equipment, allowing manufacturers to save valuable floor space in their facilities.
- Flexibility: Bagging equipment can be used to package products in various bag sizes and types, including poly bags, paper bags, and woven bags.
- Protection: Bagging equipment is designed to protect products from damage and contamination during packaging, ensuring they arrive in good condition at their destination.
Overall, manufacturers choose to bag equipment because it is reliable, cost-effective, and flexible to package a wide range of products.
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Key Takeaways:
· The bagging equipment market is expected to have a valuation of US$ 4.5 billion by 2033.
- With a CAGR of 4.4%, the global market is increasing during the forecast period.
- Historically, the market secured a CAGR of 4.2% between 2018 and 2022.
Who is Winning?
Market players in the bagging equipment market are implementing various strategic plans to gain a competitive advantage and grow their businesses. Here are some examples of strategies being employed in this market:
- Product innovation:?Companies invest in research and development to create new and improved bagging equipment to meet customers’ changing needs. For example, some manufacturers are developing bagging equipment that can handle different materials or that offer higher levels of automation and customization.
- Partnerships and collaborations:?Some companies are forming strategic partnerships or collaborations with other businesses to expand their reach and capabilities. For example, a bagging equipment manufacturer can partner with a materials supplier or a logistics provider to offer a complete packaging solution to customers.
- Geographic expansion:?Bagging equipment manufacturers expand their global reach by establishing new sales channels and partnerships in emerging markets. It involves opening new offices, hiring local sales teams, or partnering with distributors in different regions.
- Service and support:?To differentiate themselves from competitors, bagging equipment manufacturers offer customers more comprehensive service and support. It includes training programs, technical support, and maintenance services to ensure their equipment runs smoothly and efficiently.
Other Essential Players in the Market are:
- Barry-Wehmiller Companies
- Premier Tech Chronos
- I.M.A. Industria Macchine Automatiche S.p.A.
- Nichrome India Ltd.
- All-Fill Inc.
- Tokyo Automatic Machinery Works Ltd.
- Robert Bosch GmbH
- Omori Machinery Co. Ltd.
- Webster Griffin Ltd.
- Bossar Packaging S.A.
- Fuji Machinery Co. Ltd.
- Paglierani S.r.l.
- RMGroup U.K. Ltd.
- Viking Masek Global Packaging Technologies
- Bossar Packaging India Pvt. Ltd.
Recent Developments in the Market are
- Premier Tech:?In 2020, Premier Tech acquired the assets of German-based Chronos Richardson GmbH, a packaging equipment manufacturer, including bagging machines. This acquisition is expected to strengthen Premier Tech’s European presence and expand its product portfolio.
- Fuji Machinery Co. Ltd.:?In 2020, Fuji Machinery launched a new bagging machine, the Alpha 8, designed to handle various products, including granular, powder, and liquid materials. The machine features advanced sensing and control technologies for high accuracy and efficiency.
- Webster Griffin Ltd.: In 2021, Webster Griffin announced the launch of its new Form Fill Seal (FFS) bagging machine, the Revolution, designed to offer high-speed packaging of bulk products. The machine features a modular design for easy customization and has advanced control systems for precise weighing and filling.
- Concetti S.p.A.: In 2021, Concetti introduced a new bagging system, the IGF 600, designed to offer high-speed bagging of powders and granular products. The system features a compact design and can handle bags of up to 50 kg.
- Haver & Boecker: In 2021, Haver & Boecker introduced a new bagging machine, the Roto-Packer Adams Care-Line, designed to offer hygienic packaging of food and pharmaceutical products. The machine features stainless steel construction and has advanced clean-in-place (CIP) systems for easy cleaning and sanitation.
“Product innovation and versatility are expected to supplement the market growth of bagging equipment over the forecast period,” says an FMI analyst.
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More Insights into the Bagging Equipment Market Report
In its latest report, FMI offers an unbiased analysis of the global bagging equipment market, providing historical data from 2015 to 2021 and forecast statistics for 2022 to 2028. To understand the global market potential, growth, and range, the market is segmented on the basis of product type (integrated bagging lines (conveying machines (incline transfer, horizontal transfer), bagging machines, bag opening/ sealing machines, bag kickers, bag attachment machines, weighing/ counting machines) standalone equipment (open mouth baggers, FFS machines (horizontal FFS, vertical FFS), valve baggers, FIBC bagging machines, others)), automation type (automatic, semi-automatic), capacity (<500 bags/hr, 500-1000 bags/hr, 1001-2000 bags/hr, >2000bags/hr), end-use (food industry (confectionery, animal feed/ pet food, grains, wheat, rice, corn, pulses, seeds, spices and condiments, coffee beans, dairy products, meat, poultry, seafood), construction, pharmaceuticals, home-care, personal care & cosmetics, others), and region.
According to the latest FMI reports, based on region, Europe is anticipated to undergo considerable market growth during the forecast period. Countries like Germany, Spain, and Switzerland are counted amongst the top importers for the equipment. In addition to this, many of the tier I market manufacturers are based in Europe. End users with high investment capacity often use European-made bagging equipment. In comparison, countries like UAE, South Africa, India, and Bangladesh are the top exporters of the bagging equipment.
Based on segmentation, by product type, the standalone segment will continue to be an important market contributor but, based on automation, the automatic segment is predicted to be the most rewarding during the forecast period. On the basis of bagging capacity, the 1001-2000 bags/ hour segment will likely lead the market growth. Based on end user, food industry is anticipated to induce US$ 8.5 Bn market opportunity over the forecast period.
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