Oil Packing Machine Market Size, Industry Analysis Report By Automation (Automatic, Semi-automatic), By Orientation (VFFS machine, HFFS machine), By End-User (Food, Cosmetic and personal care, Pharmaceutical, Oil and lubricant) & Region – Forecast
- PUBLISHED ON
- 31/10/2022
- NO OF PAGES
- 253
- CATEGORY
- Machinery & Heavy Industry
The Oil Packing Machine Market is valued at around USD 225.6 million in 2022 and is expected to reach USD 344.6 million by 2030, registering a CAGR of 4.3% over the forecast period. The oil packing machine is a crucial piece of equipment for putting different oils into bottles and pouches. such as food oils, cooking oils, engine oils, coconut oil, mustard oil, etc. This machine benefits from a small footprint, a lovely aesthetic, and simple operation. Additionally, our organisation has an oil pouch packing equipment and an oil bottle filling machine. The issues with packing include productivity, effectiveness, and quality control. The packaging sector is being influenced by several important changes. In order to increase productivity and efficiency, packaging machinery manufacturers have recently embraced automation in their production processes. In the packaging sector, automation of procedures including filling, packing, and palletizing is very popular.
The Oil Packing Machine Market - Growth Factor
The market for oil packaging machines has been expanding steadily over the past few years, and over the forecasted period, it is anticipated to develop at a CAGR of 4.3% compared to its historical CAGR of 3.2%. Because of current technical developments like automation, which enables end-users to lower labour costs and increase productivity and efficiency, end-use sectors are increasingly adopting oil packaging machines. Due to rising public demand for cooking oil that is packaged in a safe and hygienic manner, oil packaging machines are used extensively in the food industry and are predicted to have increasing demand in the future. Additionally, it is anticipated that increased consumer expenditure on skin and hair care products will accelerate the expansion of the market for oil packaging machines. As a result, it is expected that the oil packaging machine industry would generate enormous income prospects with an increase of 1.5 times its present market value by 2032.
The Oil Packing Machine Market – Market Trends
• Consumers' purchasing habits have drastically changed when it comes to edible oil. Customers now prefer packaged oil over loose oil due to rising consumer knowledge of food safety and hygiene.
• In addition to metropolitan areas, bottled oil is also becoming more popular in rural areas. The global consumption of edible oil is increasing as a result of the tendency toward small SKUs (stock keeping units) for oil packaging.
• Customers are choosing cooking oil in compact, flexible pouches because they are less expensive, convenient to carry, and easy to store.
• Thus, it is anticipated that sales of oil packing machines would increase over the next years as oil is packaged in smaller SKUs (stock keeping units).
The Oil Packing Machine Market – Segmentation
The Oil Packing Machine Market fragrance concentrates market has been sub-classified into automation, orientation, end-user.
On the basis of automation, the Oil Packing Machine Market is bifurcated into:
• Automatic
• Semi-automatic
• Others
On the basis of orientation, the market is segmented into:
• VFFS machine
• HFFS machine
• Others
On the basis of end-user, the market is segmented into:
• Food
• Cosmetic and personal care
• Pharmaceutical
• Oil and lubricant
• Others
The Oil Packing Machine Market –Regional Analysis
Asia-Pacific dominated the global Oil Packing Machine Market, is expanding as a result of partnerships with Chinese automakers and increased foreign direct investment by foreign automakers. Oil and lubricant industries are in demand for oil packaging machines as a result of the market's rising penetration of motor vehicles.
The Oil Packing Machine Market – Key Market players
Global key players of Oil Packing Machine Market include Niverplast B.V.,, Turpack Makine Sanayi ve Ticaret Ltd. Sti.,, GEA Group, SN Maschinenbau GmbH, Siklmx Co. Ltd., Nichrome Packaging Solutions, Foshan Land Packaging Machinery Co. Ltd., Turpack Packaging Machinery, LPE (Levapack), APACKS, and others.and Gemseal Abhilash Industries.
Report scope
Global Oil Packing Machine Market: Historical Years- 2018-2021
Global Oil Packing Machine Market: Forecast Years- 2022-2030
Global Oil Packing Machine Market 2022- USD 225.6 million
Global Oil Packing Machine Market 2030- USD 344.6 million
Global Oil Packing Machine Market CAGR- 4.3%
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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