Candy Packaging Machines Market: Introduction
Globally, candy is a highly preferred confectionery by children and teenagers. Rapidly evolving candy market is influencing the candy producers to differentiate their products with the help of packaging and reducing time to market. Fierce competition between candy manufacturers is pushing the candy packaging machine manufacturers to design highly efficient and precise machines that will help candy manufacturers to enhance their overall production efficiency. The new trend in candy packaging machines market is launching of multifunctional candy packaging machines with advanced automation. Some of the recently launched candy packaging machines have the advanced features like auto correction, If packaging film gets stuck in the middle of the process. These machines also include the features like auto adjusting the packaging dimensions according to dimensions and weight of the candy. Millennial population is increasingly preferring gummy & chewy candy, which is to be carefully packed to protect it from moisture and air contamination while packaging. Entry of the new players and production capacity expansion strategy followed by existing players is driving the candy packaging machines market. The market is overall expected to expand at a healthy CAGR during forecast period.
Candy Packaging Machines: Market Dynamics
Rising penetration of candy market into Africa and other low per capita income regions is influencing the candy manufacturers to expand into these regions to exploit the regional or domestic cheap labor and raw material availability. Double twist candy packing machine segment is expected to expand at a lucrative CAGR during the forecast period. Cotton candies are highly preferred by children and youth in North America and Western Europe countries, this trend is expected to drive the candy packaging machines market in North America and Western Europe. Jelly candies dominate the candies market in APEJ. China is the largest jelly candies market in APEJ. Global candy packaging machines market is expected to witness a growing consolidation in next few years. This is due to the fierce competition between candy packaging machine manufacturers. Manufacturers are trying to leverage different capabilities and strengths through collaborations to survive and stand out in the market.
Candy Packaging Machines: Market Segmentation
The candy packaging machines market is segmented on the basis of product type, application, packaging substrate and by region. On the basis of product type, the global Candy Packaging Machines market is segmented into:
- Double-twist Candy Packing Machine
- Single-Twist Candy Packaging Machine
Based on the application, global candy packaging machines market is segmented into:
- Jelly candies
- Hard Candies
- Cotton Candies
Based on the filling & sealing method, global candy packaging machines market is segmented into:
Based on the performance (Pieces/Min) global candy packaging machines market is segmented into:
- Less than 300 pieces
- 300 to 400 pieces
- 400 to 500 pieces
- 500 to 600 pieces
- More than 600 pieces
Candy Packaging Machines Market: Regional outlook
Candy packaging machines market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Asia Pacific Excluding Japan (APEJ) followed by Western Europe region is expected to dominate the overall global candy packaging machines market. Asia Pacific Excluding Japan (APEJ) is highly contributed by China candy packaging machines market, which is anticipated to account for approximately 40% to 45% market share by value in APEJ candy packaging market. The key contributors to the growth of the Western Europe Candy Packaging market are countries such as – the U.K., Germany, and France. Country wise U.S. dominates the global candy packaging market. Growing middle class, changing lifestyle and increasing disposable income levels are expected to drive the Asia Pacific Excluding Japan candy packaging machines market.
Candy Packaging Machines Market: Key players
Some of the players associated with the global candy packaging machines market are Honor Packaging Machinery Co., Ltd, Robert Bosch GmbH, 7Degriz Company (India), Funengda Industry Co., Ltd., Auro Machines (P) Ltd., Vista Technopack Machines (India), Jawla Advance Technology (India), Linhandle Industrial Co., Ltd. (Taiwan), Marden Edwards Ltd, Jiangsu Haitel Machinery Co., Ltd and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.