The Global Oil Packing Machine Market is valued at around USD 225.6 million in 2022 and is expected to reach USD 344.6 million by 2030, registering a CAGR of 4.3% over the forecast period. A key piece of machinery for putting various oils into bottles and pouches is the oil packing machine. such as coconut oil, mustard oil, cooking oils, engine oils, and food oils. This device has a compact design, a nice appearance, and straightforward functionality. Our company also has a machine for filling oil bottles and a packing machine for oil pouches. Productivity, efficacy, and quality control are all challenges with packing. There are various significant changes that have an impact on the packaging industry. Manufacturers of packaging machines have increasingly adopted automation in their production processes to boost productivity and efficiency. Automation of processes like filling, packing, and palletizing is very common in the packaging industry.
Over the next several years, the market for oil packing machines is expected to continue its steady growth at a CAGR of 4.3%, which is higher than the market’s historical CAGR of 3.2%. End-use industries are using oil packing machines more frequently as a result of recent technological advancements like automation, which allow end-users to reduce labor costs and boost productivity and efficiency. Oil packaging machines are widely used in the food industry and are anticipated to have increased demand in the future due to the growing public need for cooking oil that is packed in a safe and hygienic manner. Additionally, it is anticipated that increased consumer expenditure on skin and hair care products will accelerate the expansion of the market for oil packaging machines. As a result, it is expected that the oil packaging machine industry would generate enormous income prospects with an increase of 1.5 times its present market value by 2032.
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The Oil Packing Machine Market – Market Trends
- When it comes to edible oil, consumer purchase patterns have significantly changed. Due to increased consumer awareness of food safety and hygiene, consumers now prefer bottled oil over loose oil.
- Bottled oil is gaining popularity not only in urban regions but also in rural ones. The inclination toward small SKUs (stock keeping units) for oil packaging is a result of the rise in edible oil consumption worldwide.
- Because they are more affordable, practical to carry, and simple to store, cooking oil is increasingly being purchased by consumers in small, flexible pouches.
- As oil is packaged in smaller SKUs (stock keeping units), it is predicted that sales of oil packing machines will rise during the coming years.
Top Key Players of Global Oil Packing Machine Market:
Niverplast B.V.,
Turpack Makine Sanayi ve Ticaret Ltd. Sti.,
GEA Group
SN Maschinenbau GmbH
Siklmx Co. Ltd.
Nichrome Packaging Solutions
Foshan Land Packaging Machinery Co. Ltd.
Turpack Packaging Machinery
LPE (Levapack)
APACKS
Gemseal Abhilash Industries
The Oil Packing Machine Market – Segmentation
On the basis of automation, the Oil Packing Machine Market is bifurcated into:
- Automatic
- Semi-automatic
- Others
On the basis of orientation, the market is segmented into:
- VFFS machine
- HFFS machine
- Others
On the basis of end-user, the market is segmented into:
- Food
- Cosmetic and personal care
- Pharmaceutical
- Oil and lubricant
- Others
Market Segmented by Region:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, Australia, Malaysia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Objectives of the Study:
- To provide with an exhaustive analysis on the Oil Packing Machine Market by Product, By Application, By End User and by Region.
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
