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Bagging Machine Market Size To Hit USD 21,835.10 Million at a 8.14% CAGR By 2028 – Report by Market Research Future (MRFR)

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New York, US, Nov. 04, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR),”Bagging Machine Market Research Report: Information by Bag Size, Product Type, Machine Type, Automation Type, End-Use Industry, and Region —Forecast till 2028”, the global bagging machine market is predicted to thrive substantially during the assessment timeframe from 2022 to 2028 at a healthy CAGR of approximately 8.14% to attain a valuation of around USD 21,835.10 million by the end of 2028.

Bagging Machine Market Overview:

Bagging machines refer to automated solutions developed to utilize either pre-opened bags or plastic tubing on a roll to speed up the sealing and filling process used for various products. Bagging machines provide time efficiency, ease, and convenience. The global market for bagging machines has shown immense growth in the last few years. The growing foods and beverages industry encouraging consumers to spend on such products is a significant aspect supporting the market’s growth. Furthermore, the growing contribution of millennials and Gen-Z in consumer profiles is predicted to influence the market’s growth over the assessment timeframe.

Bagging Machine Market Competitive Analysis

The catalog for critical participants across the global bagging machine market includes players such as:

  • Tokyo Automatic Machinery Works, Ltd. (Japan)
  • Bossar Packaging S.A. (Spain)
  • Honeywell International Inc. (U.S.)
  • Pakona Engineers Pvt., Ltd. (India)
  • Syntegon Technology (Germany)
  • Concetti S.P.A.  (Italy)
  • All-Fill Incorporated (U.S.)
  • Omori Machinery Co., Ltd. (Japan)
  • Payper S.A. (Spain)
  • Fres-co System USA Inc. (U.S.)

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Moreover, the development of the market is also being boosted by the rising number of innovations and technological improvements. Developments like robots, automation, and other technologies are enhancing product penetration across several industry areas. Semi-automated and automated packaging machines are assisting the end-user industries in leveling up efficiently while controlling the costs of operations.

Bagging Machine Market USP Covered

Bagging Machine Market Drivers

The global market for bagging machines has shown massive development in the last few years owing to the aspects such as the variety of applications in various sectors and growing automation in the industry.

Bagging Machine Market Report Scope:

Report Metrics Details
  Market Size 2028: USD 21,835.10 million
  CAGR during 2022-2028 8.14%
  Base Year 2021
  Forecast 2022-2028
 Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
 Key Market Opportunities Variety of applications in various sectors and growing automation in the industry
Stringent government norms regarding sustainability to reduce carbon footprints
  Key Market Drivers Increasingly inclining towards introducing automation in the products.

Browse In-depth Market Research Report (100 Pages) on Bagging Machine Market:

https://www.marketresearchfuture.com/reports/bagging-machine-market-10971

Bagging Machine Market Restraints

On the other hand, the high cost of bagging machines and the rising steel prices may restrict the market’s growth.

COVID-19 Impact

The global market for bagging machines has witnessed a substantially positive impact given the global health crisis, as people have become very aware of the importance of good packaging. Furthermore, with all the global financial and industrial activities returning to normal, the global market for bagging machines is anticipated to overgrow over the coming years.

Bagging Machine Market Segment Analysis

Among all the product types, the form fills machines segment held the top position across the global market for bagging machines while contributing almost 23.25% share in the year 2020. On the other hand, the open-mouth bagging machines segment is predicted to thrive at the highest CAGR of approximately 8.62% during the assessment timeframe.

Among all the automation types, the automatic bagging machines segment secured the top spot across the global market for bagging machines in 2002 while contributing almost 63.20% share and is anticipated to thrive substantially during the assessment timeframe at a healthy growth rate of around 8.31%.

Among all the machinery types, the vertical bagging machine segment helps the top position across the global market for bagging machines, with a maximum contribution of approximately 55.42% in 2020, and is predicted to flourish significantly over the review era at a healthy growth rate of approximately 8.24%.

Among all the end-use sectors, the chemical segment led the global market for bagging machines in 2020 with the most significant contribution of approximately 29.33% and is predicted to flourish substantially during the review timeframe at a robust CAGR of around 8.67%.

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Among all the bag sizes, the 5.1kg- kg-25 kg segment led the global market with a maximum contribution of approximately 30.31% in 2020. On the other hand, the 0.1kg-to 5kg segment is likely to record the maximum CAGR over the review timeframe.

Bagging Machine Market Regional Analysis

The global market for bagging machines is analyzed across five major regions: the Middle East and Africa, Asia-Pacific, South America, Europe, and North America.

According to the research reports by MRFR, the Asia-Pacific region is anticipated to hold the top spot across the global market for bagging machines over the assessment timeframe. The regional market contributed to the maximum share of approximately 36.05% in 2020. The report further anticipates the regional market to thrive substantially during the assessment timeframe at a healthy CAGR of around 8.58%. The arrival of the global health crisis in the form of COVID-19 has caused the implementation of travel restrictions and lockdown regulations, which have dragged consumers’ attention to online platforms shopping for clothing, food, medicine, electronics, essential products, and primary kitchen products. As per the National Investment Promotion and Facilitation Agency, the -commerce market across India is likely to attain a worth of approximately USD 55 billion by the end of 2022. In addition, the government across the country has enabled foreign direct investment (FDI) 100% in the framework of B2B e-commerce and the market’s business model. Furthermore, the rising support from government bodies and the shift of customers to online shopping platforms is also predicted to boost the regional bagging machine market’s growth over the coming years to keep up the relationship between supply and demand.

The bagging machine market for the European region was at the second spot across the globe in the year 2020 and is anticipated to increase over the assessment timeframe at a healthy growth rate of approximately 8.02%. The region has witnessed a significant rise in demand for packaging demand across several bagging machine applications, which is believed to be the primary aspect supporting the growth of the regional market. Furthermore, the rising disposable income across the region is another crucial parameter boosting the regional market’s growth.

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Moreover, the factors such as the development of the pharmaceutical industry, the fast growth of consumers, and the growing e-commerce sector are also projected to influence the growth of the regional market over the assessment timeframe. The region has Italy and Germany as the leading growth contributors. These nations also offer their consumers individual and advanced machinery, production, design, installation, maintenance, and service of machinery. Additionally, the European Committee for Standardization has imposed some standards and rules for bagging machinery safety requirements and several kinds of products which are likely to boost the regional market’s growth over the review era.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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