October 27, 2022 14:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
Valley Cottage, New York, UNITED STATES Automatic Rigid Box Machine
NEWARK, Del, Oct. 27, 2022 (GLOBE NEWSWIRE) -- The global tray sealing machines market is expected to reach a value of US$ 5.12 Bn by 2032, with the market growing at a standard CAGR of 4.5% from 2022 to 2032. Scaling up from an estimated US$ 3.30 Bn in 2022, the target market is likely driven by the expansion of the food and beverage industry, rise in advanced and promotional packaging, and the incorporation of technology. The use of these trays for packaging further reduces plastic consumption and amplifies the demand for the target market during the forecast period.
The use of tray sealing machines are likely to help reduce the consumption of plastic, as they present lightweight packaging solutions in comparison to bulky packaging substitutes. These packaging solution further ensure an extended shelf life which acts a major growth driver for the target market. Tray sealing technology include a hermetic seal that can make an object airtight. This protects the product from external factors and increases its usage in the food sector. The expanding food and beverage sector will also contribute to the tray sealing machines market. Many players in the food and beverages market are adopting advanced and promotional packaging strategies that is expected to augment the sales of the tray sealing machines market.
Other factors like the fact that the tray sealing packaging uses up to 255 less packaging gear than the standard clamshell packaging, tray sealing packaging solutions are known to be attractive, and appeal to a lot of consumers also supplement the growth of the tray sealing machines market over the forecast period.
“Advancing food and beverages industry is expected to augment the sales of the global tray sealing machines market over the forecast period,” says an FMI analyst.
MULTIVAC, Inc., Proseal America Inc., ProMach, Inc., Harpak ULMA Packaging,, AptarGroup, Inc., John Bean Technologies Corporation (JBT), Omori Machinery Co., Ltd, Robert Reiser & Co., Inc., Sealpac GmbH, Webomatic Maschinenfabrik GmbH, ILPRA SPA, ORICS Industries, Inc., ISHIDA CO., LTD., Global Mondini, Italian packck S.p.A, Reepack SRL, Rotopack srl., Valko s.r.l., Packaging Automation Limited, and Starview Packaging Machinery Inc., among others are some of the major players in the tray sealing machines market profiled in the full version of the report.
Key market players are increasing their investment in research and development activities to produce new sustainable materials that better fit the government regulations and help them to meet the growing demand. These enterprises also employ tactics like product launches, acquisitions, and entering new markets to strengthen their market position.
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More Insights into Tray Sealing Machines Market Report
In its latest report, FMI offers an unbiased analysis of the global tray sealing machines market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of technology (automatic, semi-automatic, manual), application type (meat, poultry & seafood, bakery & confectionary, fresh produce, ready meals, sweet & dry fruits, others), operating speed (upto 3CPM, 4CPM to 8CPM, 9CPM to 12CPM, above 12CPM), packaging type (modified atmospheric packaging (MAP), vacuum skin packaging (VSP), general sealing), and region.
According to the latest FMI reports, based on segmentation, the automatic technology type will be a major contributor to the overall market growth. Accounting for 72.4% of the market share in 2021, the automatic segment will continue to register heightened demand during 2022-2032. On the basis of application, the meat, poultry, and seafood segment will dominate the market growth due to the small shelf life of these products.
Based on region, the tray sealing machines market in North America will perform astonishingly well mainly due to the United States market. The country will likely account for 80% of the market share in this region as it is a leading importer of these machines. With the United States considered as the world’s largest market for food and one of the top five markets for seafood, the target market is likely to perform well in this region during 2022-2032. In addition, Germany in Europe and India in South Asia are anticipated to present notable growth in the tray sealing machines market during the forecast period.
3.5.1. Supply Side Participants and their Roles
18.104.22.168. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.8. PESTLE and Porter’s Analysis
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