The global market scale of Flow Wrap Machines was 2605.04 million dollars in 2017. It is expected to reach 2728.13 million dollars by 2018 and 3360.06 million dollars by 2023, with the CAGR of 4.33%. In 2017, the sales volume of Flow Wrap Machines is 31670 units.
The Major sales regions of Flow Wrap Machines are United States, Europe, China, which accounted for about 72.58 % of sales market share in total. China is the largest consumption region with a sales share of 29.36% in 2017.
The leading players are Bosch, FUJI MACHINERY, Coesia Group, PFM Packaging Machinery, Omori, accounting for 22.07 percent revenue market share in 2017.
Along with the development of Chinese domestic Industrial technology, Chinese Flow Wrap Machines has been made a lot of progress, but it also has a long way to be advanced in the world. Otherwise, most of Chinese companies are rather small, compared to other countries’ companies.
The market segment by two types: Horizontal and Vertical. The applications of Flow Wrap Machines are Food & Beverages, Pharmaceuticals, and Other Applications. Food & Beverages is the dominated application, which accounts for more than 76.53% of total consumption
The market scale will keeps increasing in the next few years. Although sales of Flow Wrap Machines brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Flow Wrap Machines field.