Technavio's latest report on the global bag heat sealing equipment marketprovides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Sharan Raj, a lead analyst from Technavio, specializing in research on packaging sector, says, "The primary customers of bag heat sealing equipment are distributed across verticals, including the food, pharmaceuticals and personal care, and industrial sectors. The demand and importance of bag heat sealing equipment is growing moderately across the globe as a result of which the leading manufacturers of bag heat sealing equipment are focusing on automation and enhancement of the technologies used.
Geographically, Europe dominates the market with approximately 36% of the market share. The US, Germany, and the UK are the main contributors to the global market, while APAC is expected to show the fastest growth rate during the forecast period.
The top three emerging trends driving the global bag heat sealing equipment market according to Technavio transportation and logistics research analysts are:
- Demand for automatic impulse sealers
- Technological advancements
- Increase in market consolidation
Demand for automatic impulse sealers
There has been a continuous shift from manual to automatic welding, which is a recent trend witnessed in the market. The need to automate manufacturing processes has been a major requirement in the market due to increasing shortage of skilled labor worldwide.
These sealers provide fast sealing operation and are preferable for high production jobs. Several manufacturing companies in the packaging industry rely on the automation process to increase productivity and efficiency of their processes. The manufacturers of bag heat sealing equipment focus on designing products that perform tasks with high levels of precision, over long periods. Also, this equipment is expected to perform high-speed, error-free operations in situations where both repetition and accuracy are important. Hence, the growing need for automation is expected to help in the growth of the market during the forecast period.
Technological advancements
The global bag heat sealing equipment market is expected to be driven by advances in technology and product innovation during the forecast period. The market is experiencing an increase in consumer demand for innovative products, which exhibit a higher degree of flexibility in terms of upgrading the operational capabilities.
Many vendors have been investing in R&D to enhance their existing product line and develop equipment with advanced technical specifications. "Companies are increasingly focusing on enhancing the product and process technology as technological advancement is a decisive factor for a profitable business," says Sharan.
Increase in market consolidation
One of the significant trends in the global bag heat sealing machinery market is an increase in mergers and acquisitions. To access the untapped market, a number of mergers and acquisitions and strategic alliances are expected to take place in the market during the forecast period. Many large vendors and emerging contenders in the market are looking for mergers and acquisitions to enhance their market presence. Major players, including Bosch Packaging Technology, and the GEA Group are trying to increase their market share.
For instance, Bosch Packaging Technology announced its plan for a joint venture in India with Klenzaids Contamination Controls. Tetra Laval acquired Miteco, a provider of solutions for fruit juices, soft drinks, and liquid food in 2014. In addition, mergers and acquisitions enable companies to enhance their distribution channels and improve their market reach.
Top Vendor Offerings: | ||
Company | Products offered | |
Barry-Wehmiller | AeroSeal bag sealer | |
Integral PBOM sealer | ||
Integral poly bag sealer | ||
Integral poly woven bag sealer | ||
Bosch Packaging Technology | Bag sealing machines | |
GEA | Vertical form fill sealer | |
Impulse sealers | ||
Pro Mach | Lift seal heat sealer | |
Automatic flange sealer | ||
Sonoco Alloyd | Semi-automatic sealing machines | |
Automatic sealing machines | ||
Reconditioned sealing machines | ||
Parts and service | ||
Source: Technavio | ||
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