Market Forecast By Types (Stretch, Shrink, Others), By Mode of Operation (Automatic, Semi-automatic), By Application (Beverages, Food, Chemicals, Personal Care, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC023572 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Wrapping Machinery And Equipment Market |
Forecast period | 2025-2031 |
CAGR | 8.2% |
Growing Sector | Food and Beverage |
The Bangladesh Wrapping Machinery And Equipment Market Report thoroughly covers the market types, Mode of operation and application. The Bangladesh Wrapping Machinery And Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Wrapping Machinery And Equipment Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Bangladesh wrapping machinery and equipment market is expected to witness a promising growth rate. This growth can be attributed to the increasing demand for packaged goods in the country, along with advancements in technology and automation in the packaging industry. The growing trend of e-commerce and the rise in disposable income of consumers are also contributing to the growth of this market.
According to 6Wresearch, the Bangladesh Wrapping Machinery And Equipment Market size is projected to rise at a CAGR of 8.2% during 2025-2031. The increasing demand for packaged goods, especially in the food and beverage industry, is one of the major drivers for this growth. With the rise in population and changing lifestyle patterns, there has been a significant increase in the consumption of packaged goods in Bangladesh. Additionally, government initiatives promoting industrial growth, such as tax incentives, subsidies, and foreign investments, have also contributed to the growth of the wrapping machinery and equipment market.
However, there are also some challenges that may hinder the growth of this market during the forecast period. The high initial investment required for setting up a packaging unit, along with the lack of skilled labor and technological expertise, can act as barriers for small and medium-sized enterprises (SMEs) to enter this market. Moreover, the high maintenance costs and energy consumption of wrapping machinery and equipment can also pose a challenge to Bangladesh Wrapping Machinery And Equipment Market growth.
Some of the key players in the Bangladesh wrapping machinery and equipment market include ABB Group, Bosch Packaging Technology, Fuji Machinery Co. Ltd., IMA S.p.A., Ishida Co. Ltd., Krones AG, Robert Bosch GmbH, Tetra Pak International SA, and The KHS GmbH. These companies are constantly striving to introduce innovative and cost-effective solutions to meet the growing demand for wrapping machinery and equipment in Bangladesh.
The government of Bangladesh has launched initiatives to promote the development of the packaging industry in the country. For instance, in 2019, the Ministry of Industries announced a special package of incentives for promoting industrialization, including tax exemptions and subsidies for machinery imports. These efforts are expected to boost the growth of the wrapping machinery and equipment market in Bangladesh.
The market is expected to witness a shift towards eco-friendly and sustainable packaging solutions. This is in line with the global trend of reducing plastic usage and adopting more environmentally friendly alternatives. Companies operating in this market are also focusing on incorporating smart and automated technologies to increase efficiency and reduce costs.
According to Nikhil, Senior Research Analyst, 6Wresearch, currently, the beverages segment is experiencing the highest growth in the Bangladesh market. This can be attributed to the rising popularity of packaged beverages such as bottled water, juices, and carbonated drinks among consumers. The demand for efficient packaging solutions that can preserve the quality and freshness of these products has increased, leading to a surge in demand for wrapping machinery and equipment.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Wrapping Machinery and Equipment Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Wrapping Machinery and Equipment Market - Industry Life Cycle |
3.4 Bangladesh Wrapping Machinery and Equipment Market - Porter's Five Forces |
3.5 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume Share, By Mode of Operation, 2021 & 2031F |
3.7 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Bangladesh Wrapping Machinery and Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Wrapping Machinery and Equipment Market Trends |
6 Bangladesh Wrapping Machinery and Equipment Market, By Types |
6.1 Bangladesh Wrapping Machinery and Equipment Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Stretch, 2021 - 2031F |
6.1.4 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Shrink, 2021 - 2031F |
6.1.5 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Bangladesh Wrapping Machinery and Equipment Market, By Mode of Operation |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Automatic, 2021 - 2031F |
6.2.3 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Semi-automatic, 2021 - 2031F |
6.3 Bangladesh Wrapping Machinery and Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Beverages, 2021 - 2031F |
6.3.3 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Food, 2021 - 2031F |
6.3.4 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.3.5 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Personal Care, 2021 - 2031F |
6.3.6 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.3.7 Bangladesh Wrapping Machinery and Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
7 Bangladesh Wrapping Machinery and Equipment Market Import-Export Trade Statistics |
7.1 Bangladesh Wrapping Machinery and Equipment Market Export to Major Countries |
7.2 Bangladesh Wrapping Machinery and Equipment Market Imports from Major Countries |
8 Bangladesh Wrapping Machinery and Equipment Market Key Performance Indicators |
9 Bangladesh Wrapping Machinery and Equipment Market - Opportunity Assessment |
9.1 Bangladesh Wrapping Machinery and Equipment Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Bangladesh Wrapping Machinery and Equipment Market Opportunity Assessment, By Mode of Operation, 2021 & 2031F |
9.3 Bangladesh Wrapping Machinery and Equipment Market Opportunity Assessment, By Application , 2021 & 2031F |
10 Bangladesh Wrapping Machinery and Equipment Market - Competitive Landscape |
10.1 Bangladesh Wrapping Machinery and Equipment Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Wrapping Machinery and Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |