Asia Pacific to See Highest Growth Rate in Bakery Packaging Machine Market in the coming Years
2021 - 2028 Global Bakery Packaging Machine Market
The Global Bakery Packaging Machine Market is accounted for $2.53 billion in 2021 and is expected to reach $3.63 billion by 2028 growing at a CAGR of 5.3% during the forecast period. Bakery packaging machines are the machines used to pack a variety of bakery products such as breads, biscuits & cookies, and so on. There are various types of machines used at the different stages of packaging, including primary, secondary, and tertiary. Tertiary packaging segment is a type of wrapping which protects the manufactured products. It is used to smooth the progress of the transport and safe handling of goods or grouped packaging. Transportation and protection of goods are the main purposes of tertiary packaging. Asia Pacific is projected to hold the largest market share owing to the rapid population growth, coupled with the increasing household spending capacity, and the burgeoning pharmaceutical and personal care industries in the region. Europe is projected to have the highest CAGR due to the significant demand for highly automated and integrated machines delivering increased efficiency and higher processing speeds with lower energy consumption.
Some of the key players profiled in the Bakery Packaging Machine Market include ARPAC LLC, Ulma Packaging, Frutmac GmbH, Minipack®-torre S.p.A., Rianta packaging systems GmbH, Gerhard Schubert GmbH, IMA-Ilapak, Campbell Wrapper Corporation, HOPAK MACHINERY CO., LTD., Cavanna, Syntegon Technology GmbH, JOIEPACK Industrial Co., Ltd., Nichrome Packaging Solutions, Yamato Corp., and PAXIOM Group.
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