Technavio’s market research analyst predicts the global bag heat sealing equipment market to grow at a CAGR of more than 5% by 2020. The rising demand for convenience and packaged foods in developing countries is increasing the demand for bags and pouches, which is contributing to the growth of the market. The sealed bags and pouches are extensively used for frozen foods, meat, processed meat, bakery, poultry and fish, and heat-and-eat meals. The vendors are developing frozen food packaging designs like sealed bags and microwaveable pouches which are easy to dispose. The rise in working professionals and dual-earning families has increased the consumption of processed food, thereby increasing the demand for convenient and higher value-added packaging solutions such as bag heat sealing equipment.
An interesting trend gaining momentum in the market is the growing demand for automatic impulse sealers owing to the increased need for automation in manufacturing processes. These sealers provide fast sealing operations and are preferable for high production jobs. Also, they have high-speed performance and give error-free operations. Also, the equipment minimizes the degree of faults in the manufacturing process and increase the overall volume of quality production. Hence, the growing need for automation is predicted to help in the growth of the market during the forecast period.
End-user segmentation and analysis of the bag heat sealing equipment market
Pharmaceuticals and personal care sector
The food sector is the largest end-user of bag heat sealing equipment and is expected to occupy around 60% of the total market share by 2020. Much of this segment’s growth comes from increased demand for bag and pouch packaging. The growing demand for baby food, bakery products, confectionery, and frozen foods worldwide are expected to drive the growth of this market in the coming years.
Geographical segmentation and analysis of the bag heat sealing equipment market
During 2015, Europe was the largest revenue-generating region in the market and accounted for around 36% of the total market share. The main reason for this region’s growth is the excessive demand for packaged food owing to a higher standard of living and high disposable income of people. To cater to the growing demand, several packaging companies are focusing on developing heat sealing equipment with high precision, efficiency, and process control. Also, fully-automated advanced heat sealing equipment is replacing the manual equipment in Europe to reduce labor costs, save energy, and improve productivity.
Competitive landscape and key vendors
The market is highly fragmented and characterized by the presence of well-diversified global, regional, and local suppliers. Providers in the market compete on the basis of performance, innovation, product features, quality, low cost, selling price, distribution, and financial stability. Several large players are expanding their geographic presence and customer base inorganically by acquiring local players. Competition in this market is expected to intensify with the increase in product extensions, technological innovations, and an increase in mergers and acquisitions.
Key vendors in the market are -
Other prominent vendors in the bag heat sealing equipment market are American-Newlong, Venuspack, Hulme Martin, PAC Machinery, Professional Packaging Systems, Packworld USA, and Fischbein.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global bag heat sealing equipment market?
What are the key market trends impacting the growth of the global bag heat sealing equipment market?
What are the challenges to market growth?
Who are the key vendors in the global bag heat sealing equipment market?
What are the market opportunities and threats faced by the vendors in the global bag heat sealing equipment market?
Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
What are the key outcomes of the five forces analysis of the global bag heat sealing equipment market?
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