Global multilane stick pack machines market: Introduction
Stick packs have long been an ideal packaging solution, which have been designed keeping in mind the preference of the modern on-the-go consumer. The high demand for stick packs have compelled manufacturers to think of ways to increase their production output. Due to a fast-paced lifestyle, working consumers across the work have been compelled to adopt the on-the-go lifestyle. The trend is expected to continue, well supported by factors such as rising disposable income and rapid urbanization. Multilane stick pack machines enable enhanced productivity of a company. Multilane stick pack machines manufacturers emphasize on robust products, which are available with a variety of options such as tear notches, different seal patterns and shapes to suit the needs of the brands, static elimination, and embossing, among others. Many varieties of multilane stick pack machines are also available for pharmaceutical packaging. The market for stick packs is expected to witness solid growth during the next ten years, as they provide a convenient, single-serve and portable packaging solution, which suits the needs of the modern consumer. They are also considered more convenient for manufacturers to produce, compared to alternative packaging solutions. The market for multilane stick pack machines is therefore expected to grow at a good pace, and have a positive outlook, during the forecast period.
Global multilane stick pack machines market: Dynamics
The global packaging industry has undergone substantial transformation, in the last decade. Its momentum has been dictated by the ever-evolving consumer habits, thereby creating an absolute need for customization. Over the years, consumers have adapted to the fast-paced lifestyle, with significant changes to their consumption patterns. Stick packs provide a convenient single-serve and portable packaging solution for the modern consumer and therefore enjoys high demand, which is expected to grow multiple folds in the years to come. Stick packs are travel-friendly and are therefore ideal for packaging of a variety of products such as powdered drink mixes, sweeteners, vitamins & nutritionals. Therefore, there has been a growing demand for increase in the production capacity of stick pack manufacturing companies. To cater to the growing demand, stick pack manufacturers have to opt for automated production, which in turn, fuels the growth of the global multilane stick pack machines market. Therefore, higher demand for packaging solutions which are portable and single-serve units is the key demand side driver for the growth of the global multilane stick pack machines market. In addition, stick pack as a packaging format requires 10% to 40% less packaging material than a conventional rectangular pouch. Therefore, there are obvious benefits in the production of stick packs.
Global multilane stick pack machines market: Segmentation
The global multilane stick pack machines market has been segmented as follows –
On the basis of product type, the global multilane stick pack machines market has been segmented into –
- Automatic multilane stick pack machines
- Manual multilane stick pack machines
On the basis of no. of lanes, the global multilane stick pack machines market has been segmented into –
- Less than 10 lanes
- 10 lanes to 15 lanes
- More than 15 lanes
On the basis of speed, the global multilane stick pack machines market has been segmented into –
- Less than 40 cpm
- 40 cpm – 60 cpm
- 60 cpm – 80 cpm
- More than 80 cpm
On the basis of end use industry, the global multilane stick pack machines market has been segmented into –
- Food & Beverage industry
- Pharmaceutical Industry
Global multilane stick pack machines market: Geographical Outlook
The global multilane stick pack machines market has been divided into seven core region –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
The North America multilane stick pack machines market is expected to be the largest contributor to the revenues generated by the global multilane stick pack machines market. This is attributed to the high demand for stick packs in the U.S. and Canada, supported by strong preference for on-the-go consumption. The Asia Pacific multilane stick pack machines market excluding that of Japan, is expected to closely follow the North America multilane stick pack machines market, and is expected to register meteoric growth in demand with increasing penetration of on-the-go lifestyle, coupled with rapid urbanization in the key emerging economies such as China and India.
Global multilane stick pack machines market: Key Players
Few of the key players operating in the global multilane stick pack machines market are - Viking Masek Global Packaging, Nichrome Packaging Solutions, Hassia-Redatron GmbH, Turpack Makine Sanayi ve Ticaret Ltd. Sti., and Robert Bosch GmbH, among 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
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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.
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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?
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