The global bundling machine market was worth US$ 3.7 Billion in the year 2022 and is expected to reach US$ 6.9 Billion at a whopping CAGR of 10.4% between 2022 and 2032.
Bundling machines, as the name suggests, are used to package a broad spectrum of products in a single wrap. Several kinds of bundles are being used in such machines like stretch films, shrink films, and films made out of blown or cast films.
The films mentioned above could be mono layer or multi-layer films, which are generally used as per strength or barrier needed in a specific packaging process. With OEE (Overall Equipment Effectiveness) technique being incorporated, the bundling machine market is slated to get augmented in the years to come.
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Lean packaging operation does facilitate machinery’s standardization. It makes available a line of advantages like ease of troubleshooting and maintenance. The e-Commerce sector is expanding with higher demand for packaged foodstuff and beverages.
The end-users of bundling machines include plies, containers, corrugated boxes, cartons, and various other packages. With CQ (convenience quotient) taking the front seat, the global bundling machine market is likely to grow on a good note in the forecast period. The machines prove to be cost-effective due to bulk product storage. Growing usage of such machines for the purpose of wrapping, especially by manufacturers prioritizing functionality of packaging over appearance, is expected to take the bundling machine market by storm in the near future.
At the same time, growing inclination toward strapping machines is likely to lessen the demand for bundling machines around the world in the near future. They are expected to be used at a large scale for load security, handling aids, closing, and bundling applications.
Besides, in countries like India and Argentina, importing packaging machinery could be difficult due to taxes being imposed through custom duty. This, along with machines’ higher cost, could restrain the bundling machines market in the near future as SMEs may think twice before buying these machines.
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Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Bundling Machine Market’. It has its dedicated team of analysts and consultants to execute through 360-degree view across macros and micros.
“With governments all across doling out conducive policies concerned with upgradation of equipment and energy savings, the global bundling machine market is likely to grow on a stupendous note in the years to come”, says an analyst from Future Market Insights.
Key Takeaways from Bundling Machine Market
- North America holds a sizable market share due to the US being subject to higher demand for bundling machines in food & beverage vertical. Plus, the consumers are shifting toward organic and functional beverages for driving the market herein. This retail network’s expansion is a vital factor accelerating the bundling machine market.
- The Asia-Pacific is expected to grow at a remarkable rate in the bundling machine market in the forecast period with pharmaceutical and personal care sectors expanding at a notable rate. Additionally, ready-to-eat meals are in greater demand in countries like India and China.
Market Competition
Some of the leading companies present in the global bundling machine market are American Packaging Machinery, Inc., Mosca GmbH, Polychem Corporation, Cyklop Nederland B.V., Arpac LLC, Promach, Inc., EDL Packaging, Inc., Felins, Inc., and SS Automation & Packaging Machinery among others.
Competitive Arena
- American Packaging Machinery does custom design as well as produce 100% automatic shrink bundling machinery and shrink wrapping machinery. The good part is that the equipment is custom-designed as per application.
- The Arpac Group’s offerings are inclusive of side-seal horizontal wrappers along with the bottom overlap horizontal wrappers accepting diverse product lengths and sizes at 120/min.
- Felins do create various consumable materials and packaging machines to enable plastic banding, paper binding, shrink wrapping, strapping equipment, automated rubber banding, adhesive-free labeling, automated paperboard sleeving, and stretch film banding equipment.
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What does the Report Cover?
- The research study is based on substrate material (polyethylene, PLA, PET, and PP), by technology (custom, continuous motion, and intermittent motion), and by end-use (consumer goods, food & beverage, cosmetics & personal care, building and construction, and pharmaceuticals).
- With automation techniques flourishing, the bundling machines market is slated to witness persistence in the upcoming period.
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