The stick & sachet packing machine market was valued at US$ 6,819.38 million in 2020 and is expected to reach US$ 10,978.92 million by 2028. It is estimated to register a CAGR of 5.4% during the forecast period.
Rapid global industrialization, rising consumer preferences for packaged products, the growth of the food & beverage industry, a growing focus on providing smart maintenance services, and high packaging process optimization are some factors that are likely to boost the growth of this market during the forecast period. In the projection mentioned above, the evolution of the e-commerce industry and the prevalence of enhanced distribution channels are offering numerous opportunities for the growth of the global stick & sachet packing machine market.
Key stakeholders in the global stick & sachet packing machine market ecosystem are raw material suppliers, stick and sachet packaging machine manufacturers, and end users. Raw materials suppliers are the initial stakeholders in the market as they provide various metals, such as steel, mild steel, plastics, glass-reinforced plastic (GRP), and ferrous metals. These materials improve the components' quality for better performance and lifespan.
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Stick & Sachet Packing Machine Market: Strategic Insights
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Stick & Sachet Packing Machine Market: Strategic Insights
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Impact of COVID-19 Pandemic on Stick & Sachet Packing Machine Market
The COVID-19 epidemic has had a detrimental impact on manufacturing enterprises worldwide, but the global stick & sachet packing machine market has been relatively unaffected. The majority of packaging companies are fully operational with increased capacity, while some are still planning to increase production. On the other hand, key manufacturers plan to standardize equipment using new techniques to boost market sales.
Furthermore, production processes in most affected countries, such as China, Northern Italy, Germany, and the US, are running smoothly, supporting the global stick & sachet packing machine market's growth.
Global Stick & Sachet Packing Machine Market Insights
Overall Equipment Effectiveness (OEE) Technique
Overall Equipment Effectiveness (OEE) Technique
The need for packaging machines to integrate with upstream manufacturing processes has resulted in the development of automation techniques for several sectors. The overall equipment effectiveness (OEE) technique is used in lean packaging operations to control the packaging process. Lean packaging operations are now widely used because of the increased need for packaged meals, continuous medications and treatments, and high spending on branded products, which accelerates the global stick & sachet packing machine market. Furthermore, e-commerce enterprises in India, Indonesia, China, and the US are introducing lean packaging practices, fueling the demand for stick and sachet packing machines significantly.
Flexible packaging is becoming more popular than other types of packaging. It comprises market developments and growth drivers such as e-commerce, digital printing, and sustainability. Customers are willing to pay a premium price for unique product features made possible by flexible packaging. According to the Flexible Packaging Association, more than 60% of North American consumers are willing to pay more for tangible and functional packaging benefits such as product protection, transportation friendliness, and supply chain efficiency. Such factors are expected to expand the stick and sachet packaging machine market.
Type-Based Global Stick & Sachet Packing Machine Market Insights
Based on type, the global stick & sachet packing machine market is segmented into stick pack packing machines and sachet packing machines. The stick pack packing machine segment was valued at US$ 4,026.08 million in 2020 and is projected to reach US$ 6,686.56 million by 2028, rising at a CAGR of 5.7% during the forecast period.
Product type-Based Global Stick & Sachet Packing Machine Market Insights
Based on product type, the global stick & sachet packing machine market is segmented into powder & granule, liquid products, and others. The power and granule segment led the market with a 55.6% share in 2020. It is further expected to account for 57.3% of the total market by 2028.
Stick & Sachet Packing Machine Market Report ScopeStick & Sachet Packing Machine Market Regional Insights
Stick & Sachet Packing Machine Market Regional Insights
The regional trends and factors influencing the Stick & Sachet Packing Machine Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Stick & Sachet Packing Machine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Stick & Sachet Packing Machine Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 6.82 Billion |
| Market Size by 2028 | US$ 10.98 Billion |
| Global CAGR (2020 - 2028) | 5.4% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Coverage Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Stick & Sachet Packing Machine Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Stick & Sachet Packing Machine Market are:
- ARANOW Packaging Machinery, S.L
- Ingeniería de Envasado Vertical S.L.
- IMA-Ilapak
- Körber AG
- Matrix Packaging Machinery, LLC
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Stick & Sachet Packing Machine Market top key players overview
End User-Based Global Stick & Sachet Packing Machine Market Insights
On the basis of end user, the global stick & sachet packing machine market is bifurcated into food and beverages, pharmaceutical, chemicals, cosmetics, and others. The food & beverages segment was valued at US$ 2,627.18 million in 2020 and is projected to reach US$ 4,118.79 million by 2028.
Players in the global stick & sachet packing machine market adopt various strategies, such as mergers, acquisitions, and market initiatives, to remain competitive. A few recent developments by key market players are listed below:
- In 2021, ARANOW Packaging Machinery, SL collaborated with AlliedFlex Technologies to boost sales in North America by handling the stick pack packaging machinery product line.
- In 2022, Syntegon Technology GmbH is expanding its portfolio of coffee packaging machines with the PMX packaging machine for ground coffee and whole beans. The PMX machine can be used for different packaging formats. Also, PMX processes recyclable mono-materials and reduces energy and material usage through condition monitoring.
Company Profiles listed in the global stick & sachet packing machine market
- ARANOW Packaging Machinery, S.L.
- Ingeniería de Envasado Vertical S.L
- IMA-Ilapak
- Körber AG
- Matrix Packaging Machinery, LLC
- MESPACK, S.L
- OMAG S.r.l
- SmartPac Verpackungsmaschinen GmbH
- Syntegon Technology GmbH
- Universal Pack S.r.l
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Coverage Type, Product Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Thailand, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Global Stick & Sachet Packing Machine Market was dominated by the stick pack packing machine segment in 2020, which accounted for 59.0% of market share. . Compared with other packaging styles, stick packs are easy to manufacture, help achieve high throughput, and conserve valuable plant floor space. The stick pack format is popular for single-serve products that consumers prefer for portability, convenience, and ease of use. In addition, stick packs are narrow, making it easy to pour the products of the package into a bottle of water. Furthermore, a single stick pack conveniently holds a single serving. These compact packs fit neatly in the purse, backpack, or pocket, and maintain the freshness of the filled products. Therefore, aforementioned factors paves the way for more widespread adoption of the segment and will favor the growth of the market.
In 2020, APAC led the market with a substantial revenue share, followed by MEA and Europe. Europe is a prospective market for Global Stick & Sachet Packing Machine Market manufacturers.
The major companies in Global Stick & Sachet Packing Machine Market includes Syntegon, Omag, Aranow, Korber and Mespack.
The global Global Stick & Sachet Packing Machine Market was dominated by the food and beverages based end user segment in 2020, which accounted for 38.5% of market share. The food & beverages industry accounts for ~3% of India’s GDP in 2020 and is the single largest employer, with more than a 7.3 million workforce. The food & beverage industry is one of the most rapidly growing industries leading to the development of food and beverage companies in every continent. In particular, the necessity to be hygienic made it obligatory for the food & beverage industry to move quickly into packaged products. Companies manufacture various types of stick & sachet packing machines to help the user fulfill the rising demand of the consumer. The single-use & disposable machines have two types, sachet (square – four-sided package) and stick (three-sided package), allowing people to gain and consume quickly and easily in today’s fast-moving life. With Twin pack System, the stick pack machines can pack salt and pepper separately into the two joined sachets. These machines provide a high-quality, fast, adjustable weight of sachets. These can also be used for other food sector products, such as white and brown sugar, sweetener, cinnamon, spices, and granular coffee.
Digital printing impacts every aspect of the packaging and shows no indications of slowing down. Packagers have significantly more personalization and customization choices with digital printing than mechanical processes such as typesetting. Within the last decade, most packaging companies converted from traditional to digital packaging. However, entirely retooling a factory takes time. Only a few companies will be left standing in 2022 if they have not jumped on board the digital train and made that progressive investment. Furthermore, digital printing makes customization much easier. This digital trend has been growing for a few years, and it will significantly impact the packaging sector in 2022.
Several logistics and transportation organizations require packaging to wrap and bundle their goods and commodities. As a result, further growth in the logistics and transportation industries is likely to drive demand for stick and sachet packaging machine, boosting the market growth in the near future. Furthermore, the e-commerce business has risen dramatically in recent years, affecting the growth of the stick and sachet packaging machine market. Beyond convenience, other factors such as sustainability, transparency, food safety, and food waste reduction influence the flexible packaging choice for meat, poultry, and seafood in the food business. Companies are more interested in recyclable and recycled-content flexible packaging solutions due to several causes. For instance, formable paper is gaining traction because it has excellent barrier qualities suited for lunchmeat and portion packs and reduces plastic use up to 80%.
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The List of Companies - Stick & Sachet Packing Machine Market
- ARANOW Packaging Machinery, S.L
- Ingeniería de Envasado Vertical S.L.
- IMA-Ilapak
- Körber AG
- Matrix Packaging Machinery, LLC
- MESPACK, S.L
- OMAG S.r.l
- SmartPac Verpackungsmaschinen GmbH
- Syntegon Technology GmbH
- Universal Pack S.r.l
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