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)
No. of Pages:105
Report Code:
BMIRE00025456
Category:
Manufacturing and Construction
North America Stick & Sachet Packing Machine Market
The stick & sachet packing machine market in North America is expected to grow from US$ 1,762.35 million in 2022 to US$ 2,404.38 million by 2028; it is estimated to register a CAGR of 4.5% from 2022 to 2028.
The need for packaging machines to integrate with upstream manufacturing processes has led to the development of automation techniques for several sectors. The overall equipment effectiveness (OEE) technique is used in lean packaging operations to control the packaging process. Such operations are widely used because of the increased need for packaged meals, continuous medications and treatments, and high spending on branded products. Furthermore, e-commerceenterprises are introducing lean packaging practices, which is fueling the stick & sachet packing machine market growth.
Further, flexible packaging is becoming more popular compared to other types of packaging. It involves market developments and growth drivers such as e-commerce, digital printing, and sustainability. Customers are willing to pay a premium price for unique product features offered by flexible packaging. According to the Flexible Packaging Association, over 60% of North American consumers are willing to pay more for tangible and functional packaging benefits, including product protection, transportation friendliness, and supply chain efficiency. Such factors are expected to grow the stick & sachet packing machine market.
North America Stick & Sachet Packing Machine Market Revenue and Forecast to 2028 (US$ Million)
North America Stick & Sachet Packing Machine Market Segmentation
The North America stick & sachet packing machine market is segmented into type, product type, end user, and country. Based on type, the market is bifurcated into stick pack packing machine and sachet packing machine. In 2020, the stick pack packing machine segment held a larger market share. Based on product type, the market is segmented into powder and granule, liquid products, and others. In 2020, the power and granule segment held the largest market share. Based on end user, the market is categorized into food and beverages, pharmaceutical, chemicals, cosmetics, and others. In 2020, the food and beverages segment held the largest market share. Further, based on country, the North America stick & sachet packing machine market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2020.
ARANOW Packaging Machinery, S.L.; IMA-Ilapak; Ingeniería de Envasado Vertical S.L; Körber AG; Matrix Packaging Machinery, LLC; MESPACK, S.L; SmartPac Verpackungsmaschinen GmbH; and Syntegon Technology GmbH are among the leading companies operating in the North America stick & sachet packing machine market.
North America Stick & Sachet Packing Machine Market Strategic Insights
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North America Stick & Sachet Packing Machine Market Segmentation Analysis
North America Stick & Sachet Packing Machine Market Report Highlights
North America Stick & Sachet Packing Machine Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,762.35 Million
Market Size by 2028
US$ 2,404.38 Million
CAGR (2022 - 2028)
4.5%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
Stick Pack Packing Machine
Sachet Packing Machine
By Product Type
Powder and Granule
Liquid Products
By End User
Food and Beverages
Pharmaceuticals
Chemicals
Cosmetics
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
ARANOW Packaging Machinery, S.L.
IMA-Ilapak
Ingeniería de Envasado Vertical S.L
Körber AG
Matrix Packaging Machinery, LLC
MESPACK, S.L
SmartPac Verpackungsmaschinen GmbH
Syntegon Technology GmbH
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North America Stick & Sachet Packing Machine Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - North America Stick & Sachet Packing Machine Market
ARANOW Packaging Machinery, S.L.
IMA-Ilapak
Ingeniería de Envasado Vertical S.L
Körber AG
Matrix Packaging Machinery, LLC
MESPACK, S.L
SmartPac Verpackungsmaschinen GmbH
Syntegon Technology GmbH
Frequently Asked Questions
How big is the North America Stick & Sachet Packing Machine Market?
The North America Stick & Sachet Packing Machine Market is valued at US$ 1,762.35 Million in 2022, it is projected to reach US$ 2,404.38 Million by 2028.
What is the CAGR for North America Stick & Sachet Packing Machine Market by (2022 - 2028)?
As per our report North America Stick & Sachet Packing Machine Market, the market size is valued at US$ 1,762.35 Million in 2022, projecting it to reach US$ 2,404.38 Million by 2028. This translates to a CAGR of approximately 4.5% during the forecast period.
What segments are covered in this report?
The North America Stick & Sachet Packing Machine Market report typically cover these key segments-
Type (Stick Pack Packing Machine, Sachet Packing Machine)
Product Type (Powder and Granule, Liquid Products)
End User (Food and Beverages, Pharmaceuticals, Chemicals, Cosmetics)
What is the historic period, base year, and forecast period taken for North America Stick & Sachet Packing Machine Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Stick & Sachet Packing Machine Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2028
Who are the major players in North America Stick & Sachet Packing Machine Market?
The North America Stick & Sachet Packing Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
ARANOW Packaging Machinery, S.L.
IMA-Ilapak
Ingeniería de Envasado Vertical S.L
Körber AG
Matrix Packaging Machinery, LLC
MESPACK, S.L
SmartPac Verpackungsmaschinen GmbH
Syntegon Technology GmbH
Who should buy this report?
The North America Stick & Sachet Packing Machine Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Stick & Sachet Packing Machine Market value chain can benefit from the information contained in a comprehensive market report.
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