Stick & Sachet Packing Machine Market Analysis Report 2021 to 2028
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 |
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