Flow Wrapper Market is expected to grow with a Single Digit CAGR over the Forecast Period
The demand for packaged food and bakery products is likely to catch the attention of manufacturers for innovation in the packaging industry. Flow wrapper is a machine that can perform multiple tasks of packaging i.e., making a bag, filling it with the product and sealing and releasing the final package for application in the food industry. The flow wrapper is also incorporated with quality control systems including weighing and labeling.
The capability of multiple packaging operations with high performing speed attracts different food and bakery companies and is further estimated to boost the demand and sales of the global flow wrapper market. The growth in the packaged food and beverage industry as one of the prominent sector impacts directly on the flow wrapper market growth. The flow wrapper market is expected to grow significantly over the forecast period, 2018-2027.
Flow Wrapper Market is projected to Grow due to Increasing Demand from the Bakery Industry
The food and bakery industry have expanded rapidly over the last two decades across the globe. The growing demand for bakery products also supports the need for packaging to maintain hygiene of the products. The demand for packaging of the bakery products is expected to boost the growth of the global flow wrapper market. Moreover, the food company’s & bakers focusing on local market, demands for automatic packaging operation to increase their production capacity.
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The increasing demand for flow wrapper by local bakers is estimated to expand the sales network of flow wrapper market in the forecast period. The increasing trend of clear packaging, labelling, and innovation in the packaging industry is anticipated to drive the global flow wrapper market. The growing consumer demand for healthy food alternatives and packaged food products including bakery products is likely to boost the growth of the market in the forecast period.
The flow wrapper market may not grow rapidly due to the high initial investment cost for installation, which may hamper its growth over the forecast period.
The improvement in trade investment & relationship between the countries in the world is likely to support the growth of flow wrapper market. The aforementioned factors related to demand and sales of flow wrapper is anticipated to boost the growth of the global flow wrapper market over the forecast period (2018-28).
Flow Wrapper Market Segmentation
The bakery flow wrapper market can be segmented on the basis of package type as pillow packs, multi-packs, carrying inserts, stacked products, U-boards, shrink packaging, opening aids and others.
The bakery flow wrapper market can also be segmented on the basis of speed of the machine as less than 60 packages/min., 61-120 packages/min. and more than 120 packages/min. The ease of use and demand for the increased production capacity may boost the sales of flow wrapper have more than 120 packages/min. speed.
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Significant Growth of Food Industry Likely to Expand the Flow Wrapper Market in APEJ Region
The global flow wrapper market is segmented into Western Europe, North America, Asia and Pacific excluding Japan (APEJ), Latin America, Eastern Europe, Japan, and the Middle East and Africa (MEA). The regional segments also includes emerging countries such as China, India and Australia in the flow wrapper market. Among the segmented regions, sales and demand for the flow wrapper in North America are expected to hold a significant share in the global flow wrapper market. The North America flow wrapper market is growing due to the substantial growth in the bakery industry in the region.
Moreover, the significant growth of the food & beverage and bakery & confectionery industry in the developing regions such as APEJ and Latin America is expected to contribute to the growth of the global flow wrapper market in the forecast period.
Manufacturer’s investing in R&D Will Promotes the Sales in Flow Wrapper Market
Some of the key players in the bakery flow wrapper market are Robert Bosch LLC., Campbell Wrapper Corporation, Packaging Aids, FUJI PACKAGING GmbH, Crawford Packaging and Langley Holdings plc.
The manufacturer’s optimization to offer automated and fast flow wrapper machine is expected to boost the demand and subsequently the demand in the forecast period. Moreover, the companies are investing in the research and development of the flow wrapper and in the marketing of the products, which is expected to contribute to the growth of the flow wrapper market.
The research report presents a comprehensive assessment of the flow wrapper market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The flow wrapper market research report provides analysis and information according to market segments such as geographies, application and industry.
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The flow wrapper market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The flow wrapper market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The flow wrapper market report also maps the qualitative impact of various market factors on market segments and geographies.