Global Bagging Machines Industry

Global Bagging Machines Industry

  • April 2021 •
  • 382 pages •
  • Report ID: 5900590 •
  • Format: PDF
Abstract:
- Global Bagging Machines Market to Reach $16.7 Billion by 2027
- Amid the COVID-19 crisis, the global market for Bagging Machines estimated at US$13.1 Billion in the year 2020, is projected to reach a revised size of US$16.7 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Open Mouth Bagging Machines, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$3.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Form Fill Seal Machines segment is readjusted to a revised 3.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 6.3% CAGR
- The Bagging Machines market in the U.S. is estimated at US$3.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.
- Other Product Types Segment to Record 3.4% CAGR
- In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027, while Latin America will expand at a 4.3% CAGR through the analysis period.

- Select Competitors (Total 46 Featured) -
  • ALL-FILL Inc.
  • Bosch Packaging Technology
  • Bossar Packaging SA
  • BW Flexible Systems
  • Concetti SpA
  • Fres-Co System USA, Inc.
  • Fuji Machinery Co., Ltd.
  • Hassia Redatron GmbH
  • I.M.A. Industria Macchine Automatiche SpA
  • Imanpack Packaging and Eco Solutions SpA
  • Mondial Pack Srl
  • Nichrome India Ltd.
  • Omori Machinery Co., Ltd.
  • Pakona Engineers (India) Pvt. Ltd.
  • PAYPER SA
  • Premier Tech Chronos
  • Rennco, LLC.
  • Statec Binder GmbH
  • Tokyo Automatic Machinery Works Ltd.
  • Webster Griffin Ltd.
  • Wolf Verpackungsmaschinen GmbH