LONDON–(BUSINESS WIRE)–Nov 20, 2019–
Technavio has been monitoring the global pouch packaging machinery market since 2017 and the market is poised to grow by USD 1.73 billion during 2020-2024 at a CAGR of over 5% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global pouch packaging machinery market 2020-2024. (Graphic: Business Wire)
Read the 148-page research report with TOC on “Pouch Packaging Machinery Market Analysis Report by Product (HFFS, VFFS, and SUP), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2020 – 2024”.
The market is driven by the rising focus on improving the accuracy and efficiency of filling pouches. In addition, the introduction of robotics in pouch packaging machinery is anticipated to further boost the growth of the pouch packaging machinery market.
Many enterprises, particularly, in the food industry are opting for pouch packaging machinery with high efficiency and accuracy since an under-filled pouch may lead to consumer complaints. Technologies such as programmable logic controller (PLC) are playing a key role in enhancing the filling accuracy of pouch packaging machineries. In addition, vendors are also incorporating additional features to accelerate the filling speed and control the flow rate. Thus, the rising focus of vendors on adding innovative features to their pouch packaging machinery will eventually drive the growth of the market during the forecast period.
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Major Five Pouch Packaging Machinery Market Companies:
Barry-Wehmiller Companies is headquartered in the US and operates the business under various segments such as packaging equipment, engineering & IT consulting, paper processing equipment, and converting equipment. The company offer products such as horizontal flow wrapper machines through BW Flexible Systems for the pouch packaging machinery market.
Coesia Spa is headquartered in the Italy and operates under business segments including advanced automated machinery and materials, industrial process solutions, and other. The company offers products such as SB 170, SC+, S 90, and Pouch King PCU-2000 through its Volpak SAU and R.A Jones & Co.
Duravant LLC is headquartered in the US and has business operations under various business segments, namely food Processing, packaging, and material handling. In November 2018, Mespack, a part of Duravant, launched augmented reality glasses that allow the person wearing them a 360° stereoscopic vision of large-scale equipment. The company offer products such as horizontal packaging machines, packaging machines for pre-made pouches, and continuous horizontal packaging machines though Mespack SL.
GEA Group AG
GEA Group AG is headquartered in the Germany and offers products through the following business segments including business area equipment and business area solutions. The company offers products such as GEA SmartPacker CX400 and GEA SmartPacker CX250-H.
PFM Packaging Machinery Spa
PFM Packaging Machinery Spa is headquartered in Italy and offers products through the following business segments: horizontal flowpack machines, vertical form fill seal machinery, complete packaging lines, and multihead weighers . The company offers products such as horizontal packaging machines, including BG 2800-4800 and Blizzard Cut and Flow Wrap; and vertical packaging machines like Comet and D-Series.
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Pouch Packaging Machinery Product Outlook (Revenue, USD Million, 2020-2024)
Pouch Packaging Machinery Regional Outlook (Revenue, USD Million, 2020-2024)
- North America
- South America
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INDUSTRY KEYWORD: PACKAGING MANUFACTURING
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 11/20/2019 10:00 PM/DISC: 11/20/2019 10:01 PM