Transparency Market Research provides key insights on the pre-made pouch packaging machines market, in the report titled, 'Global Pre-made Pouch Packaging Machines Market: Industry Analysis and Opportunity Assessment, 2019–2027'. In terms of value, the global pre-made pouch packaging machines market is estimated to register a CAGR of around 5% during 2019-2027, owing to various factors. In this report, TMR delivers detailed insights.
The global pre-made pouch packaging machines market is segmented into five geographies, namely North America, Latina America, Europe, Asia Pacific and MEA (Middle East & Africa).
The manufacturing sector in North America is highly concentrated or organized as compared to other geographies. This has resulted into much higher preference for automatic pre-made pouch packaging machines over semi-automatic pre-made pouch packaging machines. Moreover, more than 40,000 food and beverage processing facilities in U.S. with majority of them witnessing rise in annual revenue over the last five years has represented a high potential market for the pre-made pouch packaging machines. U.S. holds the most prominent impact on the North America market as the country is estimated to account for around 90% of the North America pre-made pouch packaging machines market in 2019. The demand for stand-up pouches has witnessed rapid growth across the globe, including North America. As majority of the stand-up pouches are pre-made pouches, the demand for pre-made pouch packaging machines is expected to rise exponentially during the forecast period.
The fabrication of pre-made pouch packaging machines in European countries is ominously high, while the manufacturing sector of Europe has shown slow growth over the last few years. This has laden the demand for pre-made pouch packaging machines in the region. Germany is one of the leading market in the Europe pre-made pouch packaging machines market, while Russia is projected to witness relatively higher growth in pre-made pouch packaging machines demand during the forecast period, on the backdrop of growth of food and beverage industry in the region. Limited availability of labour force and requirement in reduction of human interaction in the production and packaging process to minimize the errors in the process, have influenced the demand for automatic pre-made pouch packaging machines in Europe. On the contrary side, packaged food and beverage industry in the region has shown stagnant performance, restraining the pre-made pouch packaging machines market growth.
In 2019, Asia Pacific is expected to be a rapidly rising pre-made pouch packaging machines market among other geographies, which presently account for around a quarter of the global market and is projected to grow 1.6 times by the end of 2027. Large number of small and medium manufacturing firms of Asia Pacific has high demand for economic pre-made pouch packaging machines. To serve this demand for pre-made pouch packaging machines, excessive number of machinery manufacturers are based in China and India providing cost effective pre-made pouch packaging machines to the small and medium manufacturing firms. China manufactured low cost pre-made pouch packaging machines has significant demand across the globe as North American and European pre-made pouch packaging machine manufacturers are specialized in the production of latest technology integrated pre-made pouch packaging machines. Increasing urban population in the emerging economies of the Asia Pacific region are major drivers for the pre-made pouch packaging machines market in the geography. China and Japan are estimated to account for more than half of the Asia Pacific pre-made pouch packaging machines market in 2019, while India is attributed to register relatively higher growth rate by the end of the forecast period.
Major companies functioning in the global pre-made pouch packaging machines market are I.M.A. Industria Macchine Automatiche SpA, Bossar Packaging S.A., Mespack SL, Ishida Co. Ltd., Massman Automation Designs LLC, Viking Masek Global Packaging, Nichrome India Ltd., Mamata Machinery Private Limited, and Focke & Co. (GmbH & Co. KG).
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