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According to a new market research report published by Acute Market Reports, the global market for sack fillers was valued at US$ 3.50 billion in 2018 and is set to grow with a CAGR of 6.2 per cent during the forecast period.
Market Insights
The global market for sack fillers is highly driven by its ability to reduce labor costs, save time and increase the functionality of manufacturing units in different sectors. Sack fillers are mainly used to fill a low-man sack with precision and precision. Construction and construction industries use these fillers to fill cement, soil, sand, and other construction materials in the sack, depending on the capacity of the sack. However, the initial cost of the sack filler is high, which tends to hinder the growth of the market.
Browse Full Report Originally Published by Acute Market Reports @ https://www.acutemarketreports.com/report/sack-fillers-market
Based on technology, the market for bag fillers has been segmented semi-automatic and automatic. The semi-automatic segment currently holds the largest market share of around 40% due to the early adoption of the technology. Moreover, the cost of semi-automatic technology is lower than that of automatic technology. However, the automatic technology segment is expected to grow at a higher rate during the forecast period due to the rapid adoption of automation by these industries, which is boosting market growth.
Asia-Pacific is expected to be the fastest-growing market due to the presence of various large chemical, manufacturing, agriculture, construction, cement, food and other industries in the region using sack fillers. In addition, the development of infrastructure and the increasing demand for various products in the region are also driving the market. In addition, the growing population in countries such as India and China is also contributing to the market in the region. In addition, the increasing demand for sack fillers in agriculture, construction, food, dairy and other industries in India and China plays a vital role in the development of the market.
Some of the prominent players operating in the sack fillers market include Webster Griffin Ltd, Haver and Becker Company, All-Fill Incorporated, CONCETTI S.P.A, PAYPER, S.A, Fres-co System USA, Inc., MONDIAL PACK S.r.l, Barry-Wehmiller Companies, WOLF Verpackungsmaschinen GmbH, HASSIA-REDATRON GmbH, STATEC BINDER GmbH, Premier Tech Chronos, Robert Bosch Packaging Technology GmbH, Imanpack Packaging, and Inpak Systems, Inc.
