Check Weighing Machines Market Expected to Reach $5.75 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Check Weighing Machines Market," The check weighing machines market size was valued at $3.60 billion in 2021, and is estimated to reach $5.75 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

Check weighing machines are commonly used in various applications such as food & beverages, pharmaceuticals, logistics & packaging, skincare, cosmetics industries and others. They are of different weighing range such as up to 12 kg, 12 to 60 kg and above 60 kg check weighing machines. They have various advantages such as reliability, durability, accuracy, ease of calibration and others. Moreover, automatic check weighing machines increases productivity and enhance production process. They also reduce labor costs, save time and help in monitoring real-time data.

One of the primary factors driving the growth of the check weighing machines market is the global expansion of the food & beverages and pharmaceuticals industry.  For instance, according to Indian Brand Equity Foundation, India’s food processing sector is one of the largest in the world and its output is expected to reach $535 billion by 2025-26. Further, in November 2020, the Indian government approved a grant of $14.52 million to implement 28 food processing projects. Moreover, rise in import and export among various countries has increased the demand for check weighing machine for logistics & packaging applications. As a result, such factors are driving the check weighing machines market growth. 

Asia-Pacific has dominated the global market in terms of revenue in 2021 and is expected to register the highest CAGR in the check weighing machines market forecast period, due to growth in the foods & beverages, pharmaceuticals and logistics & packaging sectors. Moreover, various e-commerce industries in this region are adopting check weighing machines as they reduce labor costs, save time and help in monitoring real-time data.

Automatic check weighing machines offers fast speed, better accuracy and durability and enhances the production process. It also effectively rejects unqualified products and achieve automatic production, automatic supervision, so that manufacturers can rest assured. All such factors are boosting the global check weighing machines market.

However, during the COVID-19 pandemic, various manufacturers in the check weighing machines market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of check weighing machines companies. In addition, lack of manpower and raw materials also constricted supply of equipment of check weighing machines system, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of check weighing machines companies.

Key Findings of the Study

• The report provides an extensive analysis of the current and emerging global check weighing machines market opportunities and dynamics. 
• Depending on type, the automatic segment has dominated the market, in terms of revenue in 2021 and semi-automatic segment is projected to grow at a significant CAGR during check weighing machines market forecast period.
• By application, the logistics & packaging segment has registered highest revenue in 2021.
• Asia-Pacific is projected to register the highest check weighing machines market share in the coming years.
• The key players within the global check weighing machines market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the check weighing machines industry.
• The report provides an extensive check weighing machines market analysis of the current check weighing machines market trends and emerging opportunities of the market.