Report : Europe Stick & Sachet Packing Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Stick Pack Packing Machine and Sachet Packing Machine), Product Type (Powder and Granule, Liquid Products, and Others), and End User (Food and Beverages, Pharmaceuticals, Chemicals, Cosmetics, and Others)
Powder and Granule Segment to Dominate Europe Stick & Sachet Packing Machine Market during 2019–2028
According to a new market research study on “Europe Stick & Sachet Packing Machine Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Product Type, and End User,” is expected to reach US$ 3,052.14 million by 2028 from US$ 2,158.39 million in 2022. The market is estimated to grow at a CAGR of 5.1% from 2022 to 2028. Logistics and transportation industries demand packaging is the major factor driving the growth of the Europe stick & sachet packing machine market. However, high production and import cost may hinder the growth of Europe stick & sachet packing machine market. The report provides trends prevailing in the Europe stick & sachet packing machine market along with the drivers and restraints pertaining to the market growth.
The Europe stick & sachet packing machine market is segmented into type, product type, end user, and country. The Europe stick & sachet packing machine market, based on type, has been bifurcated into stick pack packing machine and sachet packing machine. In 2020, the stick pack packing machine segment held the largest share Europe stick & sachet packing machine market. Based on product type, the Europe stick & sachet packing machine market is segmented into powder and granule, liquid products, and others. In 2020, the power and granule segment held the largest share Europe stick & sachet packing machine market. The Europe stick & sachet packing machine market, by end user, is categorized into food and beverages, pharmaceutical, chemicals, cosmetics, and others. In 2020, the food and beverages segment held the largest share Europe stick & sachet packing machine market. Similarly, based on country, the market is fragmented into the UK, Germany, France, Italy, Russia, and the rest of Europe. The rest of Europe contributed a substantial share in 2020.
ARANOW Packaging Machinery, S.L.; IMA-Ilapak; Ingeniería de Envasado Vertical S.L; Körber AG; MESPACK, S.L; OMAG S.r.l; SmartPac Verpackungsmaschinen GmbH; Syntegon Technology GmbH; and Universal Pack S.r.l are among the leading companies in the Europe stick & sachet packing machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, OMAG S.r.l. had launched packaging machine MOD. CS junior on one packing lane, for powdery and liquid products into stick-pack machine category. This machine can be used for powder and liquid-related products. The production speed of the machine is about 50/60 stick-pack/min based on products.
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