Set to witness a remarkable ascent, the global bundling machine market is anticipated to achieve a valuation of US$ 3.7 billion in 2022, soaring impressively to US$ 6.9 billion by 2032, fueled by a substantial Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period from 2022 to 2032.
North America is poised to take the lead in the bundling machine market in the coming years, driven by substantial demand, particularly in the United States. The beverage industry, in particular, plays a pivotal role in this surge in demand. The U.S., as a major contributor, fuels the growth of the bundling machine market.
Key players in the industry are continually launching new beverage products, and consumers are swiftly gravitating towards functional and organic beverages. This shift in consumer preferences towards healthier options is anticipated to further propel the market in North America.
Additionally, the expansion of the retail network is a vital contributing factor. As retail networks expand to cater to the increasing consumer base, the demand for efficient bundling machines to streamline packaging processes is on the rise. The convergence of these factors underscores North America’s strong position in the global bundling machine market and points toward sustained growth in the industry.
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Market Competition
Some of the leading companies present in the global bundling machine market are
- American Packaging Machinery, Inc.,
- Mosca GmbH,
- Polychem Corporation,
- Cyklop Nederland B.V.,
- Arpac LLC,
- Promach, Inc.,
- EDL Packaging, Inc.,
- Felins, Inc., and
- SS Automation & Packaging Machinery
- among others.
Lean packaging operation does facilitate machinery’s standardization. It makes available a line of advantages like ease of troubleshooting and maintenance. The e-Commerce sector is expanding with higher demand for packaged foodstuff and beverages.
Latest Innovations and Trends
The Bundling Machine Market is constantly evolving, with manufacturers investing in research and development to meet the ever-changing demands of the industry. Some of the latest innovations and trends in the market include:
- Automated Integration: Manufacturers are incorporating advanced robotics and automation into bundling machines, further streamlining the packaging process.
- IoT Integration: Internet of Things (IoT) technology is being integrated into bundling machines, enabling real-time monitoring, predictive maintenance, and data-driven insights.
- Eco-Friendly Solutions: Environmentally-conscious businesses are opting for eco-friendly strapping materials, contributing to sustainable packaging practices.
- Enhanced User Interfaces: User-friendly interfaces with touchscreens and intuitive controls are becoming standard features, making operation and maintenance more straightforward.
- High-Speed Performance: Modern bundling machines boast high-speed capabilities, catering to industries with demanding production requirements.
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Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Bundling Machine Market’. It has its dedicated team of analysts and consultants to execute through 360-degree view across macros and micros.
“With governments all across doling out conducive policies concerned with upgradation of equipment and energy savings, the global bundling machine market is likely to grow on a stupendous note in the years to come”, says an analyst from Future Market Insights.
Key Takeaways from Bundling Machine Market
- North America holds a sizable market share due to the US being subject to higher demand for bundling machines in food & beverage vertical. Plus, the consumers are shifting toward organic and functional beverages for driving the market herein. This retail network’s expansion is a vital factor accelerating the bundling machine market.
- The Asia-Pacific is expected to grow at a remarkable rate in the bundling machine market in the forecast period with pharmaceutical and personal care sectors expanding at a notable rate. Additionally, ready-to-eat meals are in greater demand in countries like India and China.
Competitive Arena
- American Packaging Machinery does custom design as well as produce 100% automatic shrink bundling machinery and shrink wrapping machinery. The good part is that the equipment is custom-designed as per application.
- The Arpac Group’s offerings are inclusive of side-seal horizontal wrappers along with the bottom overlap horizontal wrappers accepting diverse product lengths and sizes at 120/min.
- Felins do create various consumable materials and packaging machines to enable plastic banding, paper binding, shrink wrapping, strapping equipment, automated rubber banding, adhesive-free labeling, automated paperboard sleeving, and stretch film banding equipment.
Bundling Machine Market: Future Prospects and Growth Opportunities
The Bundling Machine Market is expected to witness substantial growth in the coming years, driven by factors such as:
- Rising Demand for Automation: As industries emphasize efficiency and cost savings, the demand for automated bundling machines will surge.
- Expanding E-commerce Sector: The booming e-commerce industry will rely on bundling machines for efficient and secure packaging of products.
- Sustainable Packaging Practices: With increasing environmental awareness, businesses will adopt eco-friendly bundling solutions.
- Technological Advancements: Ongoing advancements in technology will result in smarter, more efficient bundling machines.
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Key Segments Profiled in the Bundling Machine Industry Survey
By Substrate Material:
- Polyethylene
- PLA
- PET
- PP
By Technology:
- Custom
- Continuous Motion
- Intermittent Motion
By End Use:
- Consumer Goods
- Food and Beverage
- Cosmetics and Personal Care
- Building and Construction
- Pharmaceuticals
By Region:
- North America
- Latin America
- Western Europe
- Easter Europe
- APEJ
- Japan
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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