Pillow Packing Machine Market Expected to Reach $ 11.8 Billion by 2030-Allied Market Research

According to a new report published by Allied Market Research, titled, “Pillow Packing Machine Market by End-user Industry, Machine Type, and Sales Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global pillow packing machine market was valued at $6.7 billion in 2020, and is expected to reach $11.8 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030. The development of packaging technology has witnessed significant growth over the last decade. Packaging has become one of the essential processes before offering the final product to consumers. Packaging machinery is applicable across industries such as food & drink, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with its usage increasing broadly in line with the global economy.

Pillow packing machine play a vital role in ensuring product safety throughout the supply chain. Increase in demand for packaging robots from several end-user industries such as food & beverages, pharmaceuticals, and chemicals drives the growth of the pillow packing machine market.

Moreover, the demand for pillow packing machine is driven by increase in consumer goods demand, surge in adoption of automated packaging machines, and development of energy-efficient machines. Modern automated pillow packing 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.

By end-user industry, the food & beverage segment dominated the pillow packing machine market in 2020, and is expected to grow at a CAGR of 5.1% by 2030, owing to the development of the food & beverage industry.  This growth is attributed to rise in consumer income and improvement in living standards. Pillow packing machine manufacturers offer a wide range of automated solutions for the cosmetics industry, which offers best packaging solutions for a wide range of products. These packaging solutions offer eco-friendly and contaminant-free packaging. Filling machines used in the cosmetics industry offer a wide range of high quality packaging formats for different products like pouches, strips, tubes, and sachets.

Asia-Pacific was the most dominant geographical market for the pillow packing machine market in 2020. The dominance of the Asia-Pacific region is due to the presence of a large number of food & beverage and personal care product manufacturers in the region. High economic growth rate and high demand for packaged products in emerging markets of China and India are the major drivers for the pillow packing machine market in Asia-Pacific. North America and Europe are among the mature markets for pillow packing machine. Major end-user industries such as food & beverage and personal care are adopting sustainable packaging solutions , which restrain the market growth in these regions.

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.

Key Findings Of The Study

• By end-user industry, the food & beverages segment dominated the pillow packing machine market in terms of revenue in 2020.
• On the basis of machine type, the horizontal FFS segment led the pillow packing machine market in 2020.
• Depending on sales type, new machine sales was the prominent segment in 2020.
• LAMEA is projected to register the highest growth rate in the coming years.