Stick & Sachet Packing Machine Market Analysis and Opportunities by 2028

The stick & sachet packing machine market was valued at US$ 6,819.38 million in 2020 and is expected to reach US$ 10,978.92 million by 2028. It is estimated to register a CAGR of 5.4% during the forecast period.

Rapid global industrialization, rising consumer preferences for packaged products, the growth of the food & beverage industry, a growing focus on providing smart maintenance services, and high packaging process optimization are some factors that are likely to boost the growth of this market during the forecast period. In the projection mentioned above, the evolution of the e-commerce industry and the prevalence of enhanced distribution channels are offering numerous opportunities for the growth of the global stick & sachet packing machine market.

Key stakeholders in the global stick & sachet packing machine market ecosystem are raw material suppliers, stick and sachet packaging machine manufacturers, and end users. Raw materials suppliers are the initial stakeholders in the market as they provide various metals, such as steel, mild steel, plastics, glass-reinforced plastic (GRP), and ferrous metals. These materials improve the components' quality for better performance and lifespan.

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Stick & Sachet Packing Machine Market: Strategic Insights

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Impact of COVID-19 Pandemic on Stick & Sachet Packing Machine Market

The COVID-19 epidemic has had a detrimental impact on manufacturing enterprises worldwide, but the global stick & sachet packing machine market has been relatively unaffected. The majority of packaging companies are fully operational with increased capacity, while some are still planning to increase production. On the other hand, key manufacturers plan to standardize equipment using new techniques to boost market sales.

Furthermore, production processes in most affected countries, such as China, Northern Italy, Germany, and the US, are running smoothly, supporting the global stick & sachet packing machine market's growth.

Global Stick & Sachet Packing Machine Market Insights
Overall Equipment Effectiveness (OEE) Technique

The need for packaging machines to integrate with upstream manufacturing processes has resulted in 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. Lean packaging operations are now widely used because of the increased need for packaged meals, continuous medications and treatments, and high spending on branded products, which accelerates the global stick & sachet packing machine market. Furthermore, e-commerce enterprises in India, Indonesia, China, and the US are introducing lean packaging practices, fueling the demand for stick and sachet packing machines significantly.

Flexible packaging is becoming more popular than other types of packaging. It comprises 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 made possible by flexible packaging. According to the Flexible Packaging Association, more than 60% of North American consumers are willing to pay more for tangible and functional packaging benefits such as product protection, transportation friendliness, and supply chain efficiency. Such factors are expected to expand the stick and sachet packaging machine market.

Type-Based Global Stick & Sachet Packing Machine Market Insights

Based on type, the global stick & sachet packing machine market is segmented into stick pack packing machines and sachet packing machines. The stick pack packing machine segment was valued at US$ 4,026.08 million in 2020 and is projected to reach US$ 6,686.56 million by 2028, rising at a CAGR of 5.7% during the forecast period.

Product type-Based Global Stick & Sachet Packing Machine Market Insights

Based on product type, the global stick & sachet packing machine market is segmented into powder & granule, liquid products, and others. The power and granule segment led the market with a 55.6% share in 2020. It is further expected to account for 57.3% of the total market by 2028.

Stick & Sachet Packing Machine

Stick & Sachet Packing Machine Market Regional Insights

The regional trends and factors influencing the Stick & Sachet Packing Machine Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Stick & Sachet Packing Machine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Stick & Sachet Packing Machine Market Report Scope

Stick & Sachet Packing Machine Market Players Density: Understanding Its Impact on Business Dynamics

The Stick & Sachet Packing Machine Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

End User-Based Global Stick & Sachet Packing Machine Market Insights

On the basis of end user, the global stick & sachet packing machine market is bifurcated into food and beverages, pharmaceutical, chemicals, cosmetics, and others. The food & beverages segment was valued at US$ 2,627.18 million in 2020 and is projected to reach US$ 4,118.79 million by 2028.

Players in the global stick & sachet packing machine market adopt various strategies, such as mergers, acquisitions, and market initiatives, to remain competitive. A few recent developments by key market players are listed below:

• In 2021, ARANOW Packaging Machinery, SL collaborated with AlliedFlex Technologies to boost sales in North America by handling the stick pack packaging machinery product line.
• In 2022, Syntegon Technology GmbH is expanding its portfolio of 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.

Company Profiles listed in the global stick & sachet packing machine market

• ARANOW Packaging Machinery, S.L.
• Ingeniería de Envasado Vertical S.L
• IMA-Ilapak
• Körber AG
• Matrix Packaging Machinery, LLC
• MESPACK, S.L
• OMAG S.r.l
• SmartPac Verpackungsmaschinen GmbH
• Syntegon Technology GmbH
• Universal Pack S.r.l