Report : Asia Pacific 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)
Food and Beverages Segment to Dominate Asia-Pacific Stick & Sachet Packing Machine Market during 2019–2028
According to a new market research study on “Asia-Pacific 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$ 3,513.25 million by 2028 from US$ 2,293.96 million in 2022. The market is estimated to grow at a CAGR of 6.3% from 2022 to 2028. Incorporation of digital printing is the major factor driving the growth of the Asia-Pacific stick & sachet packing machine market. However, high production and import cost may hinder the growth of Asia-Pacific stick & sachet packing machine market. The report provides trends prevailing in the Asia-Pacific stick & sachet packing machine market along with the drivers and restraints pertaining to the market growth.
The Asia-Pacific stick & sachet packing machine market is segmented into type, product type, end user, and country. The Asia-Pacific 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 Asia-Pacific stick & sachet packing machine market. Based on product type, the Asia-Pacific 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 Asia-Pacific stick & sachet packing machine market. The Asia-Pacific 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 Asia-Pacific stick & sachet packing machine market. Similarly, based on country, the market is fragmented into China, Japan, India, Australia, South Korea, Indonesia, Thailand, and the rest of Asia-Pacific. China contributed a substantial share in 2020.
ARANOW Packaging Machinery, S.L.; IMA-Ilapak; Ingeniería de Envasado Vertical S.L; Körber AG; MESPACK, S.L; SmartPac Verpackungsmaschinen GmbH; and Syntegon Technology GmbH are among the leading companies in the Asia-Pacific 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, Syntegon Technology GmbH is expanding its portfolio for 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.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email Id: sales@businessmarketinsights.com