Flow Wrap Machines Market Forecasts to 2028 – Global Analysis By Type (Horizontal, Vertical), Application (Electronics, Food & Beverage, Healthcare, Pharmaceuticals, Soap & Detergent), and By Geography
According to Stratistics MRC, the Global Flow Wrap Machines Market is accounted for $2804.89 million in 2020 and is expected to reach $4304.62 million by 2028 growing at a CAGR of 5.5% during the forecast period. Growing concern among manufacturers with regards to product safety and increasing product attractiveness are the major factors propelling the market growth. However, additional production cost is hampering the market growth.
Flow wrap machine is a fully automatic machine capable of packing various shapes namely cubical, cylindrical and others. Flow Wrap Machine can run various types of heat sealable laminates / films that are printed/ unprinted. The product moves horizontally along a machine, then wrapped in film and sealed at either end by horizontal flow wrapping machines. Any solid item that can be pushed along a horizontal belt is suitable for flow wrapping. A chocolate bar, a pack of biscuits, a pack of tissues, a scratch card; any product that needs to be put into a bag that can ultimately be pushed.
Based on application, the pharmaceuticals segment is estimated to have a lucrative growth due to the increasing use of flow wrap machines in the pharmaceutical industry. Using flow wrap machines in pharmaceuticals helps in ensuring fast and efficient packaging of the products. Flow wrap machines are efficient packaging solution that is used for large, high volume packaging needs. Besides, it is also used in wrapping syringes and other medical devices, enabling longer shelf life of the product.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing production of food and beverages in the region. Over the past few decades, Asia Pacific has emerged as a hub for pharmaceutical industries, and demand for flow wrap machines is further expected to increase. Currently, India and China collectively account for three-fourth of the overall revenue generated from the pharmaceuticals market in Asia Pacific therefore, the demand for flow wrap machines in these regions is anticipated to be relatively high and the trend is expected to continue over the forecast period.
Some of the key players profiled in the Flow Wrap Machines Market include Anhui Zengran, Bosch, Coesia, Cryovac, Fuji Machinery, GEA, Hayssen, Omori, PFM Packaging Machinery, Pro Mach, Rui Packing, Sanguan, Shanghai Boevan, ULMA Packaging, Wihuri, and Xingfeipack.
• Food & Beverage
• Soap & Detergent
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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