Future Market Insights (FMI) analysed the tray sealing machines market in its recent report titled “Tray Sealing Machines Market: Global Industry Analysis 2013 – 2018 and Opportunity Assessment 2019 – 2027.” In terms of market value, the global tray sealing machines market is anticipated to expand at a CAGR of 4.9% during the forecast period.
The global tray sealing machines market is segmented on the basis of technology, application type, maximum operating speed, and packaging type.
The Asia Pacific segment is anticipated to be the dominating geography in the global tray sealing machines market during the forecast period. The Asia Pacific segment is estimated to account for around 60% of the global tray sealing machines market share in terms of volume in 2018, while accounting for only around 35% of the global tray sealing machines market value share. The relatively unorganised manufacturing industry of the Asia Pacific region, specifically China and India, account for tens of thousands of small and moderate-sized food processing companies. These companies prefer low-cost tray sealing machines with moderate output capacity. Manual tray sealing machines have a relatively high demand in the Asia Pacific region on the backdrop of the same. Moreover, thousands of packaging machinery manufacturers form a significant portion of the unorganized manufacturing sector of the Asia Pacific region. Therefore, the high demand and abundant availability of low-cost tray sealing machines in the region have led to low average selling prices of tray sealing machines, and have resulted into much lower tray sealing machines market value share as compared to the tray sealing machines market volume share.
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North America and Western Europe are anticipated to account for around a quarter each of the global tray sealing machines market. The packaged food industries in both the geographies are significantly large and likely to adopt technologically-advanced tray sealing machines without emphasising much on the initial cost of the machinery. Majority of the key players in the tray sealing machines market are based in North America and Western Europe only, where the manufacturing industry is relatively structured. Thus, both the demand side and supply side market shares are concentrated to the leading players on both sides of the supply chain of tray sealing machines. Owing to the consumer preference for flexible packaging over rigid packaging solutions, the food processing firms and catering service providers are gradually shifting towards alternative packaging solutions, leading to a sluggish growth of the tray sealing machines market globally.
The Middle East and Africa (MEA) is an import-driven economy for the majority of the finished products. The manufacturing industry, along with packaged food production, is gradually evolving in the region. Thus, the MEA region accounts for a relatively small market size, and the majority of the MEA tray sealing machines market is addressed by the Asia Pacific tray sealing machine manufacturers. Turkey, accounting for a significant market share in the MEA tray sealing machines market share, is heavily impacted by the strict avoidance of Turkish products by European countries, indicating a significant impact on the MEA tray sealing machines market growth rate.
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The key manufacturers operating in the global tray sealing machines market include Ilpra SPA, Heat Seal, LLC, Multivac Sepp Haggenmüller SE & Co. KG, Packaging Automation Ltd., Webomatic Maschinenfabrik GmbH, Omori Machinery Co., Ltd., Y-Fang Sealing Machine Ltd., Mecapack SAS, Ishida Co., Ltd., Scandivac Sia, Aptar Food + Beverage, Reepack SRL, Ossid LLC, Proseal U.K. Ltd., ULMA Packaging Sdad Coop, Valko SRL, Italianpack SRL, Rotopack SRL, Newtec A/S, and Technovac SRL.
In this report, Future Market Insights has presented the strategies of the key players tracked by an analysis of the current developments related to the tray sealing machines product segments by these manufacturers. To provide a comparative analysis of the profiled manufacturers of the tray sealing machines products, a competitive landscape is provided in the report.
Summary: Global tray sealing machines market is anticipated to expand at a moderate CAGR of 4.9% through 2027. While the demand is expected to remain the highest in Asia Pacific with preference for low-cost tray sealing machines, North America and Western Europe are likely to adopt technologically-advanced formats.
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