The market for stick packaging machines in Asia Pacific is anticipated to flourish at a CAGR of 5.4%. The market value is projected to have increased from USD 192.4 million in 2023 to USD 337.1 million in 2033. Its value was USD 184.6 million at the end of 2022, and in 2023, it is predicted to expand by 4.2% year over year.
The estimated USD 152.5 million Asia Pacific stick packaging machines market is anticipated to offer a potential opportunity for incremental growth throughout the forecast period. With this, expansion has reached 1.8 times the value of the current market.
In recent years, the need for stick packaging machines has increased significantly across the Asia Pacific. A number of variables, including evolving consumer preferences, escalating urbanization, rising disposable income, and the rise of e-commerce, have contributed to this rising trend.
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Stick packaging machines are in high demand, and this need is greatly influenced by shifting preferences. Asia Pacific consumers are choosing products that would offer convenience and portability more frequently.
Stick packaging provides a convenient, portable option that fits with the hectic lifestyles of contemporary customers. This packaging style caters to a variety of consumer demands and preferences while appealing to a wide range of sectors, including food, medicines, and personal care.
Demand for stick packaging machines has also been spurred by the rapid urbanization of Asia and the Pacific. As more people move into cities and metropolitan regions, demand for portable and compact packaging solutions grows.
Manufacturers might properly package their goods with the help of stick packaging machines, which maximizes shelf space and ensures convenience during transit. This trend of urbanization, along with the growing penetration of contemporary retail forms, has favored the market.
Increased demand for stick packaging machines is partly a result of rising disposable income in Asia Pacific. Consumers are increasingly willing to spend money on convenience goods and value-added goods as the economy becomes better.
Key Takeaways From the Asia Pacific Stick Packaging Machines Market
- Asia Pacific stick packaging machines market experienced a CAGR of 1.0% during the historical period.
- In 2022, the market reached a valuation of USD 184.6 million.
- India is projected to contribute an incremental opportunity of USD 39.2 million, with a CAGR of 5.6% over the next decade.
- Japan is anticipated to account for approximately 15.9% of the market share in 2023, with a CAGR of 4.1% from 2023 to 2033.
- The horizontal form fill seal (HFFS) machine segment is forecasted to grow at a robust CAGR of 7.2% during the forecast period.
- The personal care and cosmetics end-use segment is set to secure over 23.6% of the market share in 2023.
Incorporation of Digital Printing Presents Opportunities for Product Differentiation and Customization
The incorporation of digital printing in stick packaging machines presents opportunities for product differentiation and customization. Digital printing technology allows for the printing of high-quality graphics, text, and images on stick packs, which can help brands stand out on the shelf and attract customers.
A few benefits of digital printing in stick-pack machines include customization of packaging designs to meet specific customer needs. It also allows for high-quality printing of graphics, text, and images, as well as faster turnaround times and lower costs compared to traditional printing methods.
Competitive Landscape
Key participants in the Asia Pacific stick packaging machine market are implementing a number of methods to preserve their competitive edge and take advantage of the expanding demand. For the purpose of creating sophisticated and technologically advanced stick packaging machines, they are concentrating on constant product innovation.
Key Players
Omori Machinery Co., Ltd.; Pakona Engineers; Perfect Automation Pty Ltd.; Emrich Packaging Machinery Pty Ltd.; TNA Australia Pty Ltd.; Mentpack Packaging Machines; Mespack SL; Sanko Machinery Co. Ltd; UFlex Ltd.; Syntegon Technology GmbH; Korber AG; Marchesini Group S.p.A; TOYO MACHINE MANUFACTURING CO., LTD.; Wraptech Machines Pvt. Ltd.; IMA Group; BSP Packaging Co Ltd.
Asia Pacific Stick Packaging Machines Market Outlook by Category
By Machine Type:
- Vertical Form Fill Seal (VFFS) Machine
- Horizontal Form Fill Seal (HFFS) Machine
By Operating Speed:
- Single-lane Machine (100 to 500 stick packs per minute)
- Multilane Machine (500 to 2,000 stick packs per minute)
- High-speed Machine (2,000 & above stick packs per minute)
By Product Form:
- Granules
- Powder
- Liquid
- Semi Solid (Viscous)
By End Use:
- Food & Beverages
- Instant Coffee and Tea
- Energy Drinks & Powders
- Sports Drinks & Electrolyte Powders
- Juice and Drink Mixes
- Protein and Nutritional Shakes
- Sweeteners
- Instant Soup Mixes
- Condiments and Sauces
- PET Food
- Personal Care & Cosmetics
- Shampoo & Conditioners
- Hair Oil
- Skin Care Products
- Homecare & Toiletries
- Pharmaceuticals
- Nutritional Supplements
- Other End Uses
By Country:
- China
- India
- Japan
- South Korea
- Association of Southeast Asian Nations Countries
- Australia & New Zealand
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