The global pick fill seal machines market is expected to register a market value of US$ 10.2 billion in 2023 and is projected to accumulate a valuation of US$ 17.4 billion by exhibiting a CAGR of 5.4 % in the forecast period 2023 to 2033. The pick fill seal machines market registered a growth of 4.2% CAGR in the historical period 2018 to 2022.
Future Market Insights says, The increasing disposable income, growing consumer demand for a broad range of packaged products, and escalating demand for automation among various end-use industries are driving the market growth of pick fill seal machines market. In addition, the rising preference for small portions and single-serve bag sizes is further driving the demand for pick fill seal equipment.
Consumer-Packaged Goods producers demand flexible packaging machines such as pick fill seal machines that are well-suited for handling multiple products with frequent changeovers and have a low footprint owing to ever-growing product lines. The burgeoning demand among CPG manufacturers for flexible packaging machines that can accommodate different packaging styles due to increasing consumer demand for a wide range of products is expected to fuel demand for pick fill seal equipment during the forecast period.
For this purpose, to help food manufacturers maintain uniform levels of production volumes by packaging an equal amount of product in more bags, it becomes necessary for the manufacturers of flexible packaging machines to offer high-speed systems that are capable of handling frequent product and packaging changeovers. Thus, Pick-fill-seal machines are widely employed in the packaging industry as they can meet these requirements because of their high operational speed, have a minor footprint as compared to large turnkey packaging lines, and can handle a wide range of products & packaging materials.
The increasing use of these machines in the food packaging industry is further augmenting growth in the market. The rising trend of single-serve bag sizes and smaller portions along with high demand for convenience and ready-to-eat food items is expected to attract growth in the overall market. Pick fill seal machines are also extensively used in the packaging of various pharmaceutical products like pills, capsules, tablets, and a broad range of sterile liquids which increases its importance in this industry in creating product demand.
Factors such as the rising aging population and growing consumer awareness regarding numerous diseases are expected to positively impact market growth. The increasing awareness with regard to personal grooming along with the adoption of a variety of packaging styles in the personal care industry in order to gain a competitive edge is expected to propel the demand for pick-fill-seal packaging equipment during the forecast period.
Region-wise, Asia Pacific led the global market with a revenue share of 42.2 % in 2022 and is projected to retain its dominance by accumulating over 45% market share by end of the forecast period. The presence of emerging economies like China and India, increasing population, inflating disposable income, and thriving food & beverage industry is driving growth in the region.
Burgeoning demand for flexible and smaller packaging equipment owing to space constraints is further expected to drive product demand over the projection period. The market in North America is expected to progress at the fastest CAGR of 5.5% during the forecast period. Increasing consumer preference for convenience packaging coupled with surging demand for consumer-friendly & sustainable packaging will augment market growth in the region.
Likewise, Europe is anticipated to withhold a revenue share of 34% by end of the projection period. Factors such as escalating demand for highly automated and versatile packaging machinery from several end-use industries will drive growth in the region. Furthermore, various key manufacturers of pick-fill-seal machines are based in the European region, particularly in Italy and Germany which will smoothen the growth journey in this region.
Pick Fill Seal Machines Market Overview
The global pick fill seal machines market is expected to increase at a growth rate of around 5.0% to 5% during the forecast period
Consumer packaged goods have witnessed significant growth over the decade resulting in tremendous growth in the packaging industry. Automation and technological advancements are accommodating to different innovations and efficiency in the packaging style to fulfill consumer needs and demands.
Pick fill seal machines are dominating the flexible packaging market by increasing speed and efficiency and also by reducing cost. The machine is used to pack a variety of products such as bags and pouches, blisters, and trays that serve various end-users. Automated 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.
What drives the growth of the Pick Fill Seal Machines Market?
Pick fill seal machines are particularly designed for companies who pack a wide range of materials and require multiple changeovers. It can handle large format pouches and rapid changeover of the packaging style.
This is like an all-in-one machine that does not require an additional machine-like speciality machine or sealing machine which reduces the setup cost and other costs of the company and also occupies less floor space, thereby driving the global pick fill seal machines market.
The machines are also used to modify atmosphere or room temperature packaging where the internal temperature of the packed product improves the shelf life. These machines also limit human interaction or any physical touch which might compromise the quality degradation of the product.
These machines have sophisticated features which avoid unnecessary errors as the computer interface makes the program easy to monitor.
What Restraints the Growth of the Pick Fill Seal Machines Market?
Automation no doubt has driven the growth of the packaging industry by delivering maximum production, high quality and less operational cost for the company, but this has affected the employment rate and the economy to some extent.
Also, pick fill seal machines are a lot beneficial if their routine maintenance is done from time to time otherwise there is a chance that a malfunction suddenly which can hamper the production. There might be some overhead expenses in the form of maintenance charges and also the setup cost but the equipment will give a better rate of investment by increasing productivity.
How are the End Users Impacting the Growth of the Pick Fill Seal Machines Market?
Considering the growth of flexible packaging across the globe and the increasing demand for lightweight, high quality and well-packed pouches, bags and blisters is another driving factor that is forcing manufacturers to incline towards the adoption of pick fill seal machines.
Besides this, the growth of the end-users such as the food and beverages industry which is dominating the global market, followed by the pharmaceuticals industry has anticipated a positive growth of the pick fill seal machines market.
The growing trend of one-time-use bags and pouches coupled with small portion ready to eat foods have increased the demand for the production of convenient consumer packaging.
How Has Covid-19 Impacted The Growth Of The Pick Fill Seal Machines Market?
The outbreak of Covid 19 has positively impacted the growth of the packaging industry particularly for the food and beverage packaging industry and the pharmaceutical packaging industry. By the use of automated machinery, the increased demand for medicines and food products were met.
During the pandemic because of social distancing of manual labours, but as the market demands increased especially for essential items, packaging was needed to resume. Machines such as the pick fill seal machine were the last resort and the most useful equipment to resume the production and also following the pandemic guidelines. It is anticipated that there will be robust growth in the demand for pick fill seal machine in the market.
How Competitive is the Market?
Recent developments and breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing pick fill seal machines are expected to create lucrative opportunities for market growth during the forecast period.
· In May 2022, ROVEMA introduced the REVO 3800 S which manufactures up to 130 pillow paper bags per minute for the frozen food industry. With this launch, it has become much easier for ROVEMA to offer even more refrigerators. The REVO comprises of constant molding machines, filling machines, and sealing machines which feature a modular design and can be utilized as a simple variation for low budgets.
· In January 2022, Viking Masek declared the launch of a new automated pouch packaging system, the 4SC-235 that is inclined more toward small businesses. This development will benefit small businesses and existing customers, catering to smaller pouch packaging needs with this more affordable, user-friendly solution. It took more than ten months and 2,000 personnel for the Research and development team to produce the product.
