The global sales of compression baggers are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.3 billion by 2031. Sales are projected to rise at a CAGR of 6.0% over the forecast period between 2021 and 2031. The revenue generated by compression baggers in 2020 was USD 1.2 billion.
The market demand for compression baggers is driven because several industries, including food processing and textiles, need effective packaging solutions where space optimization and cost reduction are important. In addition, sustainability-related trends steer the demand for compression baggers, as they reduce packaging waste and enhance logistics efficiency.
Other factors contributing to the growth of the market include technological advances in automated systems, enabling them to handle more materials. Increasing interest in e-commerce and retail packaging further drives demand for more compact and durable packaging solutions.
Global Compression Baggers Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.2 billion |
| Estimated Size, 2021 | USD 1.3 billion |
| Projected Size, 2031 | USD 2.3 billion |
| Value-based CAGR (2021 to 2031) | 6.0% |
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Bagging equipment such as compression baggers is used for various materials such as plastic, paper. The compression baggers are used to fill in heavy materials of above 5kg as packaging machinery have a better quality control system that implements new packaging solutions and eliminates major errors that could happen while manual packaging.
Manufacturers are inclined towards compression packaging as it allows the items to be organized and group items together safely. Packaging equipment offers stable, hassle-free packaging performance and is user friendly. The machine is made up of two different modules; the bag sealer and the bag placer.
Compression baggers involve the idea of automatic packaging that possess inbuilt weight set-up options that eliminate any human interactions or continuous supervision during the packaging process.
In the technological era, manufacturers are expecting machinery that performs multitasking capabilities in their offerings to enable the labelling and sealing process.
Packaging machines are in demand in the market as it helps the company meet their demand by increasing the production rate per day which also ensures quality and neat packaging.
Compression baggers can be of different types such as vertical compression bagger, horizontal compression bagger, free flow bagger, and light compression bagger depending upon the application.
To begin with, horizontal baggers is ideal for cellulose, wood shavings, hemp hurd which has made them more popular among packaging manufacturers. Furthermore, vertical baggers are capable enough to pack compressible products in smaller bags which are useful in retail industries, food & beverages, construction, and personal care industries.
This rising growth in various industries for the compression baggers market ensures an increase in demand for the production of convenient consumer packaging.
Moreover, compression baggers specialize in manufacturing packaging products that are small in size such as cartons, sacks, sachets, and flow wraps which are more commonly preferred by the end-users.
Consumers nowadays are demanding smaller pack size for multiple reasons for instance they are more affordable, convenient and easy to carry around. This changing lifestyle preference of consumers is anticipating a steady growth in the compression baggers market.
Principal Consultant
Compression baggers are creating a huge difference in the packaging industry by being more efficient and reducing the operational cost of the company. Although there are some aspects like customization that can be perfected by manual packaging as automatic machines are set to follow a consistent pattern.
Packaging equipment requires constant and proper maintenance from time to time to retain a smooth flow in the production process. Moreover, the usage of machines in packaging companies is reducing the employment rate affecting the economy of the country to some extent.
Key global players of the Compression Baggers Market are
Key players in the Asia Pacific region of the Compression Baggers Market are
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Compression Baggers Market
