Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 397
Countries covered: 19
Pages: 230
Download Free PDF
Snack Packaging Machine Market
Get a free sample of this report
Get a free sample of this report Snack Packaging Machine Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Snack Packaging Machine Market Size
The global snack packaging machine market was valued at USD 18.5 billion in 2023 and is estimated to grow at a CAGR of 4.6% during the forecast period.
The food industry is obtaining a massive boost as snack packaging machines are experiences a boom owing to the expanding consumer market. Busy lifestyles, rapid urbanization, and change in social standards are causing evermore individuals to turn towards ready-to-eat packaged snacks. Baked goods, Stacked chips, nuts, and confectioneries are accumulating a large market share by providing their customers with a wide assortment of cheap convenient and long expired items. The snack industry by itself is experiencing vast change in market demand hence, leading to rapid investment in machinery by a huge number of manufacturers to ensure that all the varied requirements provided are met with ease. Additionally, people’s increasing concern towards hygiene and food safety is increasing the demand for packaged products exponentially, hence aiding the already growing need for innovative and dependable packaging supplies.
Moreover, technologies like Artificial intelligence, the IoT, smart sensors, automated machinery and IoTs have greatly increased the efficiency of a snacking packaging machines, hence pushing the sales even further. The ability to monitor a machine’s performance in real-time alongside the analytics driven optimization of equipment operations through AI have drastically improved machine efficiency while also reducing the cost of labor since human error along side stand by time and overhead expenses have been minimized. There’s an evident demand in sustainable packaging globally, and coupled with strict regulations, has significantly increased the demand of snacking packaging machines.
The creation of machines that address the use of recyclable, compostable and biodegradable substances has been made possible through the incremental efforts aimed at plastic waste and decreasing the harm done to the environment. Businesses are actively adopting mono-material wraps alongside different advancements to accommodate these standards regarding sustainability.
Snack Packaging Machine Market Trends
As the demand from consumers for snacks that are easy to consume grows, so is the number of companies investing into automated packaging solutions automating almost every part of the manufacturing process. At the same cost, manufacturers are now able to increase their production while also addressing the issue of combination by adopting automation. When added to cutting edge technology such as IoT or AI, the opportunities for companies to enable predictive maintenance or real time monitoring grow multifold. The snack food sector is experiencing a paradigm shift as they pivot towards a more green and shel sustainable outlook. Governments across the world alongside consumers are making an effort towards making packaging far more environmentally friendly and even ban or limit the types of any packaging that aren’t. This opens the doors for a wide array of possibilities to create innovative packaging which is compostable, recyclable and biodegradable. Hence packaging which meets these requirements whilst also safeguarding the zest of the product becomes the new norm.
Snack Packaging Machine Market Analysis
The automated systems integrating artificial intelligence along with IoT and high-speed functionalities seem to drastically hamstring the snack packaging machinery market due to the inflated costs associated with them. For instance, The machinery, setup, integration templates, and employee training collectively amount to a staggering initial investment that for small to medium sized entrepreneurs becomes difficult to justify and thereby hampering the advancement of the niche.
Nonetheless, expansion in cities coupled with an emerging middle class in the Asia Pacific, Latin America, and Africa is expected to significantly boost the demand for packaged snacks and in turn aid the machinery manufacturers. India, China, and Brazil are focusing their economic efforts to strengthen the food processing and packaging infrastructure in order to cater to both imports and exports. Moreover, the government in such regions is nurturing the manufacturing sector while aiding the local entrepreneurs in seeking higher market growth and integration.
Based on packaging type segments, the market is segmented into flexible and rigid. The flexible segment holds the maximum share in the market and dominates the market with a revenue of 10.5 billion in 2023 and is anticipated to grow with a CAGR of 4.7% during the forecast period. Snacking Packaging Machine, Proflex makes up for the Flexible packaging segment to consume advancement as it is an adaptation, light weight and suitable for the consumer. Its great combination -that is re-seal and longer usability of the product- promotes its use for all kinds of snacks. In addition, the increasing want and need of provisions for single use take away snacks promotes its growth.
Based on the distribution channel of the snack packaging machine market, it is bifurcated into direct and indirect. The indirect segment accounts for the major share of the market with 66.3% of the total market share and is expected to grow at a CAGR of 4.5% over the forecasted years. The primary market share for snack packaging machines is taken by the Indirect distribution segment which encompasses the wholesalers, distributors and retailers. This channel offers manufacturers the possibility of entering foreign quasi and logistic and market intermediaries. This also helps to lessen operational burdens making it the most suitable method for global distribution.
In 2023, the U.S. held a commanding position in the North American market, controlling over 75.4% of the total market share for snack packaging machine sales. With a predicted expansion of just over 4.4%, the U.S. is expected to show growth throughout the rest of the forecast as well. The U.S. holds the foremost position in the North America snack packaging machine market as a result of its strong food processing industry, enhanced infrastructure, and high packaged food consumption. The country includes various sectors of the snack industry such as chips, confectionery, and bakery which result in producing a wider demand for flexible and efficient packaging.
North America: The U.S was the most dominant force in the market share of snack packaging machine standing at around 75.4%. It is further estimated to grow at a CAGR of 4.4% within the forecasted time frame. Based on current figures and estimates of technological growth, the dominance of the U.S over the North American market for snack packaging machines will not be cut off in the near future. In order to meet the demand for the complexity of snack machines, the companies present in the U.S market are automating, speeding up and making their systems more versatile. They are positioned with the right combination of access to skilled labor along with a suitable regulatory environment leading them to become the center for innovation in the industry of snack packaging machines in the North American region.
Europe: Europe is expected to experience the quickest growth thanks to an increase in disposable income and snacking habits. The CAGR is predicted to be 4.7% throughout the projection period. Germany commands a major share in the Europe snack packaging machine market spearheaded by its superior manufacturing competencies and sophisticated technologies, as well as a strong food processing industry base. Germany, famed for its superb engineering capabilities, is the HQ of several of the world’s top packaging machinery companies that manufacture high speed, automated and energy efficient solutions. Its needs for packaging machines also includes using recyclable plastics and paper based packagings that comply with EU’s regulations on sustainability.
Asia Pacific: Worldwide, the snack packaging machine market is estimated to grow at a rate of 5.3% through to 2028. China led the market in East Asia in 2023 with a share of roughly USD 30.7. Southeast Asian market is developing rapidly with increasing incomes and urbanization. Because of China's significant large-scale manufacturing, its food processing market growth, and the growing population's propensity to packaged snacks, China competes with several other nations in terms of snack packaging machine manufacture. As a global fabrication center, China exports competitively-priced, high-tech packaging machines to both domestic and overseas customers. The rise in urbanization and the expansion of the middle class have boosted the demand for ready-to-eat snacks and influenced manufacturers to improve the quality of packaging.
Snack Packaging Machine Market Share
The global market for snack packaging machines is competitive and contains a number of players from various regions. These companies collectively comprise 15% to 20% of the overall market. This fragmentation can be traced to the growing demand for precision measuring devices by various industries which promotes the growth of both established international businesses and smaller regional ones. Numerous local companies are quite successful in maximizing the global market through niche or price-competitive products oriented towards specific sectors of the market.
Snack Packaging Machine Market Companies
Major players operating in the snack packaging machine industry are:
Snack Packaging Machine Industry News
The snack packaging machine market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and Volume (Thousand Units) from 2021 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Type
Market, By Packaging Type
Market, By Operation
Market, By Application
Market, By Packaging Material
Market, By Distribution Channel
The above information is provided for the following regions and countries: