Stick & Sachet Packing Machine Market is expected to reach US$ 10,978.92 Million by 2028

"Stick & Sachet Packing Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Coverage 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, Others)", 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.

Several logistics and transportation organizations require packaging to wrap and bundle their goods and commodities. As a result, further growth in the logistics and transportation industries is likely to drive demand for stick and sachet packaging machines, boosting the market growth in the near future. Furthermore, the e-commerce business has risen dramatically in recent years, affecting the growth of the stick and sachet packaging machine market. Beyond convenience, other factors such as sustainability, transparency, food safety, and food waste reduction influence the flexible packaging choice for meat, poultry, and seafood in the food business. Companies are more interested in recyclable and recycled-content flexible packaging solutions due to several causes. For instance, formable paper is gaining traction because it has excellent barrier qualities suited for lunchmeat and portion packs and reduces plastic use up to 80%.

Report Coverage Details
Market Size Value in US$ 6,819.38 Million in 2020
Market Size Value by US$ 10,978.92 Million by 2028
Growth rate CAGR of 5.4% from 2020 to 2028
Forecast Period 2020-2028
Base Year 2020
No. of Pages 165
No. Tables 94
No. of Charts & Figures 83
Historical data available Yes
Segments covered Coverage Type, Product Type, and End User
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Stick & Sachet Packing Machine Market: Competitive Landscape and Key Developments
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, and Universal Pack S.r.l are among key players profiled during the study of the Stick & Sachet Packing Machine market.

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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 support the global stick and sachet packing machine market during the forecast period. Automation in packaging machines is the upcoming trend in this market.

APAC led the global stick & sachet packing machine market with a 29.5% share in the year 2020.

Based on the coverage type, the global stick & sachet packing machine market is divided into stickpack packing machines and sachet packing machines. Sachet packaging machines are of two types: Vertical form-fill-seal machines (VFFS) and horizontal form-fill-seal machines. Horizontal sachet packaging machines are generally used to pack solid materials, and vertical packaging machines are used for solid, liquid, and granulated products.

Nowadays, sachet packaging machines are mostly automatic, which can be more advanced than the VFFS machine. VFFS machine is used in industries where large volume output is needed and limited to only some types of sachets, while automatic sachet filling machines are flexible and help fill any sachet. Automatic sachet filling machines are also made with a system to pack the sachets into cartons to be easily collected for transportation. Some machines can fill pre-made pouches and perform fitment insertion, sealing, filling, and capping. Such machines are extremely flexible, so they can be used to perform various tasks, leading to the rise in the global stick & sachet packing machine market.

Based on coverage type, the global stick & sachet packing machine market is segmented into stick pack packing machines and sachet packing machines. By end user, the market is segmented into food and beverages, pharmaceutical, chemicals, cosmetics, and others. By product type, the market is bifurcated into powder and granule, liquid products, and others.

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Impact of COVID-19 Pandemic on Global Stick & Sachet Packing Machine Market
The COVID-19 pandemic has a mixed influence on the packaging sector, such as end-markets of food and healthcare, witnessing a boost in demand. While the industry is projected to see steady demand even in these uncertain times, manufacturers are playing it safe by taking pre-emptive measures to reduce costs and protect their profits.

Furthermore, as COVID-19 began disrupting supply networks, the critical role of packaging companies in the supply chain became clear. However, as the world went online and became more remote, the demand for protective packaging increased, necessitating packaging to send commodities and products, positively impacting the global stick & sachet packing machine market.

COVID-19 forced several supply chain elements to shut down overnight in North America through business closures, lockdowns, or quarantine. The recycling business was severely hampered by providing plastic and cardboard packaging resources. To stay safe during the COVID-19 pandemic, packaging businesses had to implement social distancing methods and invest in PPE for their employees and allow them to self-isolate if needed, making the global stick & sachet packing machine market possible affected adversely.

Syntegon, Omag, Aranow, Korber, and Mespack are the five key market players operating in the global stick & sachet packing machine market. In addition to these players, multiple other regional & local market players, emerging companies, market disruptors, and niche market players were studied and analyzed during the course of this study to gather a holistic view of the market.

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