Stick and Sachet Packing Machine Market Analysis and Forecast to 2031: By Type (Stick Pack Packing Machine, Sachet Packing Machine), Product Type (Powder and Granule, Liquid Products, Others), End User (Food and Beverages, Pharmaceuticals, Chemicals, Cosmetics, Others), and Region
The global stick and sachet packing machine market was valued at US$ 7.2 billion in 2021 and it is anticipated to grow up to US$ 12.4 billion by 2031, at a CAGR of 5.5% during the forecast period.
Packaging machines are used for packaging products or components. The need for packaging machines to integrate with upstream manufacturing processes has resulted in the development of automation techniques for several sectors. This product area includes equipment that forms, fills, seals, wraps, cleans, and packages at different levels of automation. Packaging machines also include related machinery for sorting, counting, and accumulating.
A stick pack machine is a single lane vertical form fill seal packaging machine where a roll of film is cut, multiple small stick pack bags are formed, and products are filled and sealed inside it. The main applications include small packagings such as sugar sachet, small ketchup sachet, and coffee stick packing machine.
Sachet packaging is extensively used in the cosmetics & personal care, food & beverages, and pharmaceutical industries. Sachets are small, sealed, flexible pouches manufactured from paper, plastic, aluminum foil, and cellulosic and contain liquid, powder, or capsule products. As they are cheaper than large-size packets, sachets are generally used either for promotional trial packs or to cater to low-income or price-sensitive customers who prefer economical packs.
Market Drivers and Trends
Sugar sachet packing machines, milk sachet filling machines, sachet stick packs, and tea sachet packing machines are some examples of sachet packaging machines that are increasing in demand, and the demand for small sachet packing machines is expected to drive the market's revenue growth due to the presence of many food and beverage manufacturers.
Sachet packing machine is most extensively used in medicine packaging. Sachet packing machines can easily produce blister foils, slip packs, and easy-open pouches at high speed which has increased manifold due to the growing demand for pharmaceutical products are expected to drive the growth of the sachet packaging machine market.
Therefore, increasing demand in food and pharmaceutical sectors are boosting the global stick and sachet packing machine market growth.
Market Restraints and Challenges
The higher costs for the production and import activities for the integrated packaging machinery, such as wrapping, automated labeling, palletizing machines, and significant others, require higher capital costs. Such factors are hindering the overall growth of the packaging machinery industry. Further, the taxes imposed on the customs duty in developing regions such as India, Argentina, and other countries were also negatively influencing the overall growth of the packaging machinery industry. Thus, the higher costs for the production and import activities and taxes imposed on the customs duty in developing regions are anticipated to hinder the growth of the global stick and sachet packing machine market.
Global Stick and Sachet Packing Machine Market Segmental Overview
The report analyses the global stick and sachet packing machine market based on type, product type, end user, and region.
Global Stick and Sachet Packing Machine Market by Type
Based on type, it is bifurcated into stick pack packing machine and sachet packing machine. The stick pack packing machine segment is expected to have the largest stick and sachet packing machine market share in 2021. Production of stick pack packing machines has many advantages when produced. It offers a price advantage primarily to customers. It is easy to manufacture. Compared with other packaging styles, stick packs have a much less cost in purchasing the film. This will reduce manufacturing and packaging costs. Further, customers a much attracted to small and cute stick packs. Also, the amount inside can be used in one portion, and the product inside will not go bad before it is intact with the food. Due to multiple benefits, the stick pack packing machine segment is expected to receive the main market attraction resulting in market growth.
Global Stick and Sachet Packing Machine Market by Product Type
Based on product type, it is segmented into powder and granule, liquid products, and others. The powder and granule segment is expected to dominate the market during the forecast period. The powders and granules packaging world is dynamic. As shifting consumer trends, regulations, and retailing demands are urging manufacturers to adapt and stay on top of current developments. Due to the abovementioned factors, the powder and granule segment are expected to dominate the market during the forecast period.
Global Stick and Sachet Packing Machine Market by End User
Based on end user, it is segmented into food and beverages, pharmaceuticals, chemicals, cosmetics, and others. The food and beverages segment is expected to be the largest segment in the stick and sachet packing machine market in 2021. The demand for stick and sachet packaging machines in the food and beverage industry is likely to be driven by factors such as the growing consumption of beverages, changing preference towards organic and functional beverage consumption, and an increase in the variety of beverage products. Many beverage product manufacturers have diversified their product offerings, thus increasing the demand for highly sophisticated and flexible packaging machines to accommodate these product offerings. Thus, the food and beverages segment will likely hold a major market share in 2021.
Geographical Analysis of Global Stick and Sachet Packing Machine Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. Rapid population growth and rising household purchasing capacity are likely to fuel the demand for packaged consumer goods, which is anticipated to stimulate regional market expansion. In addition, prominent market players are establishing production facilities in the region, total industrial output is rising, and the e-commerce industry is flourishing. This, in turn, boosts the demand for stick and sachet packing machine in the Asia Pacific region.
Major Players in the Global Stick and Sachet Packing Machine Market COVID-19 Impact
In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of stick and sachet packing machines worldwide. Thus, the COVID-19 pandemic negatively affected the global stick and sachet packing machine market in 2020.
However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of stick and sachet packing machines.
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