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-commerce enterprises 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.
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.
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-commerce enterprises 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 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.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Stick & Sachet Packing Machine Market Landscape
5. North America Stick & Sachet Packing Machine Market - Key Market Dynamics
6. Stick & Sachet Packing Machine Market - North America Analysis
7. North America Stick & Sachet Packing Machine Market Analysis - By Type
8. North America Stick & Sachet Packing Machine Market Analysis - By Product Type
9. North America Stick & Sachet Packing Machine Market Analysis-By End-User
10. North America Stick & Sachet Packing Machine Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 105 |
| Published | July 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1762.35 Million |
| Forecasted Market Value ( USD | $ 2404.38 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | North America |
| No. of Companies Mentioned | 8 |
