Pouch Packaging Machinery Market to Grow by USD 2.03 billion during 2021-2025|Evolving Opportunities with Duravant LLC and Coesia Spa|Technavio
NEW YORK, March 24, 2021 /PRNewswire/ --
The global pouch packaging machinery market is expected to grow by USD 2.03 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.
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Read the 120-page report with TOC on "Pouch Packaging Machinery Market Analysis Report by Product (HFFS, VFFS, and SUP) and Geography (Europe, North America, APAC, South America, and MEA), and the Segment Forecasts,2021-2025".
The pouch packaging machinery market is driven by the growing demand for pouch packaging. In addition, the need to increase productivity is anticipated to boost the growth of the pouch packaging machinery market.
The enterprises in industries such as cosmetics and personal care, food, and pharmaceuticals are increasingly opting for the pouch packaging. Pouch packaging helps enterprises to increase their brand awareness and product visibility. Pouch packaging offers consumers the convenience of accessing the contents inside the pouch, helps in extending the life of the, and can be customized in terms of size, shape, and material used. The use of pouches helps in reducing the distribution cost. Pouch packaging enables enterprises to keep the food items fresh for a long period and provides barrier control to protect against micro-organisms. The above-mentioned factors increase the demand for pouch packaging, which drives the pouch packaging machinery.
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Major Five Pouch Packaging Machinery Companies:
Barry-Wehmiller Group Inc.
Barry-Wehmiller Group Inc. operates business through the Unified segment. The company offers products such as Bag filling equipment, Horizontal feed systems, and others.
Coesia Spa
Coesia Spa operates business through Advanced Automated Machinery and Materials, Industrial Process Solutions, and Other. The company offers products such as packaging machinery for food and consumer goods: pouch filling and cartoning.
Duravant LLC
Duravant LLC operates business through Food Processing, Packaging, and Material handling. The company offers services such as weighing, filling, and bag closing technologies, turnkey weighing solutions for bags, pouches, boxes, bottles, trays, jars, and others.
GEA Group Aktiengesellschaft
GEA Group Aktiengesellschaft operates business through BA Equipment and BA Solutions. The company offers services such as GEA PowerPak PLUS, OxyCheck, FoodTray as part of its Thermoforming Packaging Systems.
PFM Packaging Machinery Spa
PFM Packaging Machinery Spa operates business through the Unified segment. The company offers products such as Blizzard Cut and Flow Wrap, Blizzard Hard Candy, and others.
Pouch Packaging Machinery Market Product Outlook (Revenue, USD billion, 2020-2025)
- HFFS - size and forecast 2020-2025
- VFFS - size and forecast 2020-2025
- SUP - size and forecast 2020-2025
Pouch Packaging Machinery Market Geography Outlook (Revenue, USD billion, 2020-2025)
- Europe - size and forecast 2020-2025
- North America - size and forecast 2020-2025
- APAC - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
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SOURCE Technavio
