The pouch equipment market is anticipated to flourish at an average CAGR of 5.1% between 2023 and 2033. The market is expected to hold a market share of USD 5.26 billion by 2033 while the market is likely to reach a value of USD 3.20 billion in 2023.
The demand for pouch equipment is predicted to surge with rising applications in a myriad of industries. As sustainability concerns grow, manufacturers in end-use industries are striving to make changes by using affordable and cost-effective products. Also, with the growing trend of aesthetic packaging, end users are improving the adoption of pre-designed pouches, especially in the cosmetic and personal care industry to gain revenue. This is going to boost the demand in the market.
| Attributes | Details |
|---|---|
| Pouch Equipment Market CAGR (2023 to 2033) | 5.1% |
| Pouch Equipment Market Size (2023) | USD 3.20 billion |
| Pouch Equipment Market Size (2033) | USD 5.26 billion |
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The global demand for pouch equipment expanded at a CAGR of 3.6% over the historic period from 2018 to 2022. However, with the rising penetration of automation across industries and the growing popularity of pouch equipment due to its numerous benefits, this demand is likely to expand at a steady CAGR of 5.1% between 2023 and 2033.
Pouch equipment is an innovative machine used across various industries to form pouches from pre-printed roll stock, fill the pouches in-line, and seal them. These machines allow industries to improve their productivity, reduce errors, and minimize overall labor costs. Thus, the rapid expansion of end-use industries such as food & beverage, pharmaceutical, and chemical might eventually bolster the sales of pouch equipment during the forecast period.
Growing Popularity of Pouches for Packaging Numerous Products Pushing Sales of Pouch Equipment
The growing ability of buyers to purchase new and trending products along with the increasing adoption of pouches for packaging various products is a key factor spurring growth in the global pouch equipment market.
There has been a significant rise in flexible packaging solutions like pouches across numerous industries, over the years. Pouches help in easy and fuss-free transportation of industrial goods and consumer goods from the beginning point to the destination point. This is expected to raise demand for pouch equipment during the forecast period.
The growing demand for packaged food and other beverages among the working population is expected to facilitate growth in the global pouch equipment market. Today, a large portion of food and beverage manufacturing companies use pouches for packaging and transporting items because of their clean, supreme look, ease of shipping and handling, and flexible nature.
With growing modernization and fast-expeditious lifestyle, consumers want a one-serve healthy meal, which has all nutrients in it and for this, the pouch equipment market helps in satisfying their demand.
Innovations in Pouch Equipment Aiding Manufacturers to Improve their Market Share
Globally renowned pouch equipment manufacturers are expanding their production capabilities and acquiring the latest technologies to compete in the international market. Further, they are focusing on large untapped markets to increase their market share.
The rising population of environmentally concerned consumers has forced manufacturers to adopt sustainable production techniques. Moreover, government initiatives regarding the proper and ecological packaging of goods are providing a much-needed boost to the global pouch equipment market.
The market for pouch machines is customer-oriented and driven by the growing demand for various products in different versions and sizes of packages. Also, manufacturers in the industries are adapting modern pouch equipment that offers flexibility to the changing packaging formats, with complete packaging lines that absorb different functions, such as filling, labeling, and closing from a single source. Thus, innovations in pouch equipment might help manufacturers to increase their customer base as well as improve their market share over the next decade.
| Country | Revenue Share % (2022) |
|---|---|
| The United States | 20.4% |
| Germany | 8.1% |
| Japan | 6.3% |
| Australia | 3.1% |
| North America | 30.4% |
| Europe | 22.9% |
| Country | CAGR % (2023 to 2033) |
|---|---|
| China | 4.3% |
| India | 7.6% |
| The United Kingdom | 3.2% |
Continuous New Product Launches Making the Unites States One of the Prominent Pouch Equipment Market
The United States pouch equipment market is expected to thrive at a CAGR of 3.4% between 2023 and 2033, as per the FMI’s latest analysis. This is attributable to the rapid expansion of end-use industries, the growing popularity of flexible packaging solutions, the adoption of advanced technologies, and the heavy presence of leading pouch equipment manufacturers. The market held a market share of 15.2% in the global market in 2022.
According to Information Technology and Innovation Foundation’s Report, the United States is making huge technological innovations in product variety to increase production in the pouch industry. In addition, leading players in the category, such as Krone AG, are focused on developing a new pouch equipment range to cater to a large set of customer bases.
Increase in Export of Manufacturing Machinery Bolstering Demand for Pouch Equipment in Germany
According to Future Market Insights, Germany’s pouch equipment market is projected to expand at a CAGR of 4.2% through 2033. Demand in Germany’s market is driven by the rising production and consumption of packaged food products and the availability of advanced manufacturing technologies. The region held a market share of 5.1% in 2022.
As per the World Economic Forum, Germany has strong manufacturing capabilities. As a result, it supplies products like pouch equipment to several other countries such as Argentina. This increasing export of the product range is likely to play a crucial role in pushing the demand for pouch equipment in the country.
Booming Packaging Industry Propelling Pouch Equipment Sales in India
According to the Ministry of Commerce and Industry, Government of India, the packaging market in India has grown significantly over the past few years, which is expected to continue over the forthcoming period. Further, India's exposure to technology has made a significant impact on its growth. The packaging industry is expected to reach USD 204.8 billion by 2025 in the country.
India’s pouch equipment market is anticipated to expand at a 6.3% CAGR with total sales of pouch equipment and is likely to reach USD 467 million by 2033.
| Category | By Machine Type |
|---|---|
| Leading Segment | Fully Automatic |
| Market Share% (2022) | 78.0% |
| Category | By End Use Type |
|---|---|
| Leading Segment | Food & Beverages |
| Market Share% (2022) | 44.2% |
Demand for Fully Automatic Machines to Remain High Across End-Use Industries
As per FMI, the fully automatic machines segment held the leading share of around 78% of the global pouch equipment market in 2022. One of the main factors contributing to its increased use is that these machines can adequately perform back-to-back packaging tasks with supreme accuracy and consistent quality of packaging compared to human workers.
The demand for fully automatic machines is highly driven by the boost in demand for consumer goods and the development of capable and accurate machines. Fully automatic machines make sure to complete their tasks in minutes compared to the old version machines.
Top players are adopting fully automatic machines to grow their efficiency and reduce their operational costs. During the forecast period, the fully automatic machine segment for the global pouch equipment market is expected to secure a CAGR of 4.6%.
Most of the Pouch Equipment Sales Remain Concentrated in Food & Beverage Industry
Based on the end-use industry, the food & beverage segment might continue to dominate the global pouch equipment market during the forecast period. As per FMI, in 2022, the food & beverage industry contributed 4 out of 10 pouch machine sales. Also, the segment held a market share of 44.2% in 2022.
The expansion of the retail network is expected to impact the demand for packaged foods resulting in pouch equipment market growth. FMI’s analysis anticipates that during the forecast period, the food and beverage end-use segment for the global pouch equipment market is predicted to expand and reach around USD 2.0 billion by 2032.
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The pouch packaging market is highly competitive in nature due to the presence of many market players around the world. These market players are likely to benefit from the significant growth of various end-user verticals.
Recent Developments:
The market is valued at USD 3.2 billion in 2023.
Coesia SpA, and Massman Automation Design, LLC are key market players.
The market is forecast to register a CAGR of 5.1% through 2033.
From 2018 to 2022, the market registered a CAGR of 3.6%.
Innovations in pouch equipment, is encouraging the sales.
| Market Value for 2024 | USD 74.4 billion |
|---|---|
| Market Value for 2034 | USD 102.1 billion |
| Market CAGR (2024 to 2034) | 3.0% |
| Market Size (2022) | USD 1.2 Billion |
|---|---|
| Market Size (2032) | USD 1.8 Billion |
| Value CAGR (2022 to 2032) | 4.1% |
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