| A12215 | Pages: 210 | Oct 2021 | 1713 Views | ||
| Author(s) : Digvijay Pawar | Tables: 110 | Charts: 49 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Pillow Packing Machine Market
Request Now !The pillow packing machine market size was valued at $6,755.0 million in 2020, and is expected to reach $11,812.2 million by 2030, registering a CAGR of 5.6% from 2021 to 2030. Pillow packing machine performs variety of functions that include canning; container cleaning, filling, and forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection & check weighing; wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications. The pillow packing machine market has witnessed increased adoption due to factors such as rise in applications of packaging machinery in a wide range of industries across food & beverages, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with increase in the usage broadly in line with the global economy.
The pillow packing machine market was hampered during the outbreak of COVID-19 pandemic, owing to decline in sales of FMCG products. However, the market started recovering by the end of 2020.
The global pillow packing machine market growth is majorly driven by increase in consumer goods demand, rise in adoption of automated packaging machines, and development of energy-efficient machines.
Modern automated packaging machines are used in different stages of packaging and ensure that the stages are completed in minutes rather than hours compared to the older versions. The other key factors boosting the market for pillow packing machine is increase in demand for packaging robots from several end-user industries. Packaging machines play a vital role in ensuring product safety throughout the supply chain. Moreover, pillow packing machine manufacturers are developing new and innovative machines that demand a high level of specialization. This machinery can process high quantities of food, cosmetics, and chemical products that are dosed, filled, and packed. The packaging industry has been a forerunner in the adoption of innovative packaging machinery, which already operates according to these principles. Many of the filling and packaging lines are producing products with personalized packaging and customized containers.
Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of pillow packing machines as well as their demand, thereby restraining the growth of the market, globally. Conversely, industries have gradually resumed their regular manufacturing and services. This is expected to lead to re-initiation of pillow packing machine companies at their full-scale capacities, which is likely to help the pillow packing machine market to recover by end of 2021.
Furthermore, rapid urbanization and industrialization in developing countries have driven the demand for construction & infrastructure developments, which notably contribute toward the growth of the global market. The industries such as roads & railways, tunnels, residential & nonresidential construction, and mining are continuously developing, which, in turn, is creating the need for construction of new infrastructure. This is anticipated to open new avenues for the pillow packing machine market and led to the growth of the market during the forecast period.
The global pillow packing machine market is segmented into end-user industry, machine type, sales type, and region. By end-user industry, the market is segregated into food & beverage, pharmaceutical, personal care, and others. On the basis of machine type of pillow packaging machines, it is bifurcated into horizontal FFS and vertical FFS. The sales type covered in the study include new machine sales and aftermarket sales. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of end-user industry, in 2020, the food & beverage segment dominated the pillow packing machine market, in terms of revenue, whereas the pharmaceutical segment is expected to witness growth at the highest CAGR during the forecast period. By sales type, the new machine sales segment led the market in 2020, in terms of revenue; however, the aftermarket sales segment is anticipated to register highest CAGR during the forecast period. Depending on machine type, the horizontal FFS segment led the market in 2020, in terms of revenue. Conversely, the vertical FFS segment is anticipated to exhibit the highest CAGR in the coming years. Region wise, Asia-Pacific garnered the highest revenue in 2020; however, LAMEA is anticipated to register highest CAGR during the forecast period.
The major players profiled in the pillow packing machine market report include CKD Corporation, Fuji Machinery Co., Ltd., GHD Hartmann, Honor Packaging Machinery Co., Ltd, K-Flex Packaging Systems, MLT Pack Services, Robert Bosch GmbH (Syntegon Technology GmbH), Sanko Machinery Co., Ltd., Sanwa Plus Ltd., and Tai Dragon Machinery Co., Ltd. Major companies in the market have adopted acquisition, partnership, and business expansion as their key developmental strategies to offer better products and services to customers in the Pillow Packing Machine market.
Key Benefits For Stakeholders
Key Market Segments
By End-user Industry
By Machine Type
By Sales Type
By Region
Key Players
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Over the years, Internet of Things (IoT) has significantly improved the operations of pillow packing machines. Continuous development in sensor technology has enabled pillow packing machines manufacturers and their end users to get real-time data from individual sensors through a wide range of interfaces, resulting in operational improvements. Pillow packing machines manufactures are developing smarter and more automated machines and lines with growing penetration of connectivity in all the end-user industries. The sensor data is communicated to control and monitor systems and these systems aggregate this information to create Big Data. This Big Data is used by operators, by plant personnel, and by other employees throughout the enterprise. Smart sensor information is used to reduce downtime, improve machine performance, and implement predictive maintenance programs. Smart sensor data is further used to ensure safety, improve product quality, and increase the output.
Another key development in the packaging industry is the increase in usage of robotic machinery. These robots provide end-of-line packaging solutions for food & beverage, pharmaceutical, personal care, plastics, and paper industries. These robots are being embedded with advanced sensing and software that enable them to handle different product variations. In addition, these systems provide reliable output with fewer breakdowns and with simpler and cost-effective operations.
A. The pillow packing machine market was valued at $6,755.0 million in 2020, and is expected to reach $11,812.2 million by 2030, registering a CAGR of 5.6% from 2021 to 2030.
A. The forecast period considered for the global pillow packing machine market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
A. To get latest version of global pillow packing machine market report can be obtained on demand from the website.
A. The base year considered in the global pillow packing machine market report is 2020.
A. The top companies holding the market share in the global pillow packing machine market report include CKD Corporation, Fuji Machinery Co., Ltd., GHD Hartmann, Honor Packaging Machinery Co., Ltd, K-Flex Packaging Systems, MLT Pack Services, Robert Bosch GmbH (Syntegon Technology GmbH), Sanko Machinery Co., Ltd., Sanwa Plus Ltd., and Tai Dragon Machinery Co., Ltd.
A. The top ten market players are selected based on two key attributes - competitive strength and market positioning
A. By end-user industry, the food & beverage segment dominated the global pillow packing machine market, in terms of revenue and is expected to maintain this trend during the forecast period.
A. By machine type, the horizontal FFS segment is the highest share holder of global pillow packing machine market.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. The market value of the global pillow packing machine market is $7,207.6 million in 2021.
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