Press release
Band Sealing Machines Market - Global Industry Share, Growth, Trend | Forecast 2024
Band Sealing Machine Market- Market Dynamics:
Band sealing machinery is pegged to remain one of the most important form of packaging machinery. Moreover, the rising demand for packaged products will elevate the value of the band sealing machine market. Band sealing machines are predominantly utilized in the pharmaceutical, food & beverage, and chemical industries to ensure the safety and purity of the delivered product. The exponential growth seen in these industries will drive the production and sales of band sealing machines. Also, with the rising awareness among consumers with respect to the quality of healthcare services, band sealers are gradually finding their way into clinical settings.
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Band sealers help provide a safe and hermetic packaging solution, which is essential from the perspective of the healthcare industry. Sterile packaging industry is expected to witness exponential growth throughout the forecast period. As a result, the band sealing machine market will also be impacted positively. The availability of band sealing machines in different configurations and product types makes it convenient for use from large to small scale operations. Regulations and the strictness of regulations vary from region to region. This leads to the lack of quality control systems in unregulated markets which do not ensure the quality of the band sealing machines. Therefore, the quality of the machines and the seal may vary from manufacturer to manufacturer. This fact is expected to hinder the growth of the market in the long run.
Band Sealing Machine Market- Market Segmentation:
The band sealing machines are segmented on the basis of configuration, product type and directional option.
Based on the configuration, the band Sealing machine market is segmented into:
Vertical
Horizontal
Based on the product type, the band sealing machine market is segmented into:
Bench top
Standing
Based on the end-use industry, the band sealing machine market is segmented into:
Pharmaceutical
Food & beverage
Chemicals
Others
Band Sealing Machine Market- Regional Outlook:
Geographically, the band sealing machine market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The growth of global band sealing machine market is expected to witness a healthy CAGR over the forecast period of 2016 - 2024. West Europe holds the largest share of the band sealing market. However, Asia Pacific region is projected to be the fastest growing region in terms of volume sales followed by Latin America. Expansion and shipment of band sealing machines is expected to rise in the Asia Pacific region. Large scale foreign investment is also expected to rise in the region, and is anticipated to fuel the demand of band sealing machines over the forecast period. As the retail sector expands in developing countries like India and China, the market for band sealing machines is expected to advance significantly over the forecast period of 2016- 2024.
Band Sealing Machine Market- Major Players:
Some of the key players in the band sealing machine market are Bosch Packaging Technology, Inc., Optima Packaging Group GmbH, Crown Packaging and shipping company, Duravant, Harpak-Ulma Packaging LLC, Frain Industries, Arpac Group, PDC International Corporation, Kliklok – Woodman International, Oregon Precision Industries, Inc., Serac, Inc., Formost Fuji Coporation.
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