According to Stratistics MRC, the Global Flow Wrap Machines Market is accounted for $2804.89 million in 2020 and is expected to reach $4304.62 million by 2028 growing at a CAGR of 5.5% during the forecast period. Growing concern among manufacturers with regards to product safety and increasing product attractiveness are the major factors propelling the market growth. However, additional production cost is hampering the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing production of food and beverages in the region. Over the past few decades, Asia Pacific has emerged as a hub for pharmaceutical industries, and demand for flow wrap machines is further expected to increase. Currently, India and China collectively account for three-fourth of the overall revenue generated from the pharmaceuticals market in Asia Pacific therefore, the demand for flow wrap machines in these regions is anticipated to be relatively high and the trend is expected to continue over the forecast period.
Some of the key players profiled in the Flow Wrap Machines Market include Anhui Zengran, Bosch, Coesia, Cryovac, Fuji Machinery, GEA, Hayssen, Omori, PFM Packaging Machinery, Pro Mach, Rui Packing, Sanguan, Shanghai Boevan, ULMA Packaging, Wihuri, and Xingfeipack.
Types Covered:
• Horizontal
• Vertical
Applications Covered:
• Electronics
• Food & Beverage
• Healthcare
• Pharmaceuticals
• Soap & Detergent
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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