Pharmaceutical and Electronics Sectors Drive Demand: Horizontal Flow Wrapping Machines Gain Traction in Global Market

The global horizontal flow wrapping machines market is poised to experience steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4% to 5% throughout the assessment period from 2022 to 2032. The rapid expansion of the pharmaceutical and electronic sectors, coupled with the increasing adoption of horizontal flow wrapping machines within these industries, is anticipated to drive sales on a global scale. According to Future Market Insights, North America is expected to demonstrate significant growth at a rapid CAGR in this market between 2022 and 2032.

The North American food industry has observed robust growth in recent years due to heightened consumer preference for convenient, processed, and packaged food items. This sustained growth has created a strong demand for efficient packaging equipment like horizontal flow wrapping machines. These machines cater to the need for rapid, hassle-free packaging of products such as cookies and chocolate bars. As a result, the sales of horizontal flow wrapping machines in the North American market are being positively impacted by this continuous growth trend in the food sector.

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Why is the Demand for Horizontal Flow Wrapping Machines Rising at a Swift Pace in the North American market?

Between 2022 and 2032, the market for horizontal flow wrapping machines is anticipated to develop at a high CAGR in North America, according to Future Market Insights.

Due to rising customer preference for packaged, processed, and easy food items, the food business in North America has experienced rapid expansion in recent years.

This ongoing expansion of the food industry is driving up demand for quick, simple, and practical packaging tools like horizontal flow wrapping machines for goods like cookies, chocolate bars, and others, which is supporting the market's sales in North America.

What are the Key Factors Augmenting the Sales of Horizontal Flow Wrapping Machines in the European market?

During the projection period of 2022-2032, Europe is anticipated to hold a large market share for horizontal flow wrapping machines worldwide.

Due to their small size, dependability, simplicity, and flexibility to make packaged goods of various sizes, horizontal flow wrapping machines are in high demand across a variety of industries. Leading manufacturers are concentrating on releasing unique products as a result to meet the rising demand.

For instance, German packaging technology manufacturer Syntegon Technology announced the release of Pack 202, a new fully automated horizontal flow wrapping machine suitable for multi-product applications, in 2020. Numerous new product launches of this nature are anticipated to boost sales in the European market.

Market Competition

Imanpack Packaging and Eco Solutions S.p.A., Barry-Wehmiller Companies, Keed Automatic Package Machinery Co., Ltd., Harikrushna Machinetech Pvt Ltd., Robert Bosch Packaging Technology GmbH, Fuji Packaging GmbH, Paxiom Group, Foshan Coretamp Packaging Machinery Co., Ltd., and others are some of the market's top competitors for horizontal flow wrapping machines.

The market for horizontal flow wrapping machines is extremely competitive, which can be attributed to the rising number of innovative product launches and the presence of so many competitors.

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Key Segments:

By Automation Type:

Automatic
Semi-automatic
By Operating Speed:

Up to 30 packs/min
31 to 50 packs/min
51 to 70 packs/min
71 to 90 packs/min
Above 90 packs/min
By End Use:

Food
Meat, Poultry & Seafood
Bakery & Confectionery
Animal Feed/ Pet Food
Seeds & Grains
Spices & Condiments
Coffee Beans
Dairy Products
Pharmaceutical
Personal Care & Cosmetics
Automotive
Electrical & Electronics
Chemical
Homecare
Others
By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.