DataString Consulting Company Logo
DataString Consulting Company Logo
Bulk Bag Filling Stations Market
Home»Recent Reports»Bulk Bag Filling Stations Market

Bulk Bag Filling Stations Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS1401303, Published - May 2025

Segmented in Operational Speed (Up to 5 /min, 5-10 /min, 10+ /min), End-User Sector (Chemical, Food & Beverage, Agriculture, Pharmaceuticals, Construction, Others), Technical Classification, Integrated Features, Specialty Requirements and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

Share this report:

Global Bulk Bag Filling Stations
Market Outlook

The market, for Bulk Bag Filling Stations was estimated at $1.4 billion in 2024; and it is anticipated to increase to $2.1 billion by 2030 with projections indicating a growth to around $3.0 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 7.3% over the forecast period. This significant growth depends on key elements that are essential to Bulk Bag Filling Stations operation and success in multiple industries like pharmaceuticals and agriculture in today's market environment. The rising demand for these filling stations is fueled by their efficiency, ease of use and capability to handle materials smoothly. Additionally the increasing trend, towards automated solutions and the needs of volume industrial operations further emphasize their importance in modern operational settings.


Bag filling stations stand out for their sturdy build and precise operations and are created to handle bulk bags of different sizes effectively. These stations make filling and ensure accurate weights which are essential for efficient operations in various industries. You can find these stations widely used in sectors like food and beverages pharmaceuticals, construction materials, chemicals and plastics. In today's market there is a preference for stations that come equipped with features such, as dust free filling, automated controls and connectivity to industry 4.


Market Size Forecast & Key Insights

2019
$1.4B2024
2029
$2.8B2034

Absolute Growth Opportunity = $1.4B

The Bulk Bag Filling Stations market is projected to grow from $1.4 billion in 2024 to $2.8 billion in 2034. This represents a CAGR of 7.3%, reflecting rising demand across Agricultural, Construction and Chemical Industry.

The Bulk Bag Filling Stations market is set to add $1.4 billion between 2024 and 2034, with manufacturer targeting Food & Beverage & Agriculture End-User Sector projected to gain a larger market share.

With Growing emphasis on automation, and Increasing demand in the food & agriculture industry, Bulk Bag Filling Stations market to expand 102% between 2024 and 2034.

Opportunities in the Bulk Bag Filling Stations Market

Strategic Collaborations and Partnerships

Businesses in sectors such, as construction pharmaceutical chemicals and food processing are increasingly recognizing the importance of optimizing their supply chain management processes which has led to a growing trend of partnering with manufacturers of bulk bag filling stations.

Increasing Agricultural Demand and Innovations in Bulk Bag Filling Station Technology

With the world population steadily increasing each day there is an uptick in the need for agricultural products. Bag filling stations play a crucial role in the farming sector and are projected to see notable expansion as a result of this spike. Farmers are progressively embracing these stations to boost their output and uphold the standards of their goods. Countries in the north like the US, Canada and various European nations are at the forefront of this movement opening up new market opportunities, for these products.

In this era of progressions, automated and programmable bulk bag filling stations have emerged. These intelligent machines are designed for ease of use facilitate large scale production and alleviate the need for labor ultimately boosting efficiency and output. Companies in both. Growing markets are acknowledging these advantages and adopting these state of the art filling stations thereby creating a new niche, within the industry.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The Asia-Pacific region also showcases expansive growth potential for the bulk bag filling stations market. Rapid industrialization, particularly in emerging economies like China and India, presents lucrative prospects. The market here is driven by increasing investment in infrastructure, growing manufacturing industries, and the wide-scale application of bulk bag filling stations in a variety of segments such as construction, chemicals, agriculture, and pharmaceuticals. While the competition level is high, the region still offers numerous opportunities owing to its vast population and increasing automation in industries, which levies a high demand for efficient and fast-paced filling solutions.

North America Outlook

In North America, the bulk bag filling stations market is exhibiting a significant growth trajectory. The regions industrial expansion and the adoption of automated processes in the manufacturing and packaging sector have acted as key drivers for the growth of the bulk bag filling stations. High safety and hygiene standards, coupled with stringent regulations in industries such as food, pharmaceuticals, and chemicals, are also aiding in the adoption of these stations. The competition in the region is characterized by the presence of developed companies offering diverse, high-quality filling solutions. Top opportunities lie in the agriculture industry, where the vast expanse of farmlands commands extensive use of fertilizers, necessitating efficient bulk bag filling systems.

North America Outlook

In North America, the bulk bag filling stations market is exhibiting a significant growth trajectory. The regions industrial expansion and the adoption of automated processes in the manufacturing and packaging sector have acted as key drivers for the growth of the bulk bag filling stations. High safety and hygiene standards, coupled with stringent regulations in industries such as food, pharmaceuticals, and chemicals, are also aiding in the adoption of these stations. The competition in the region is characterized by the presence of developed companies offering diverse, high-quality filling solutions. Top opportunities lie in the agriculture industry, where the vast expanse of farmlands commands extensive use of fertilizers, necessitating efficient bulk bag filling systems.

Asia-Pacific Outlook

The Asia-Pacific region also showcases expansive growth potential for the bulk bag filling stations market. Rapid industrialization, particularly in emerging economies like China and India, presents lucrative prospects. The market here is driven by increasing investment in infrastructure, growing manufacturing industries, and the wide-scale application of bulk bag filling stations in a variety of segments such as construction, chemicals, agriculture, and pharmaceuticals. While the competition level is high, the region still offers numerous opportunities owing to its vast population and increasing automation in industries, which levies a high demand for efficient and fast-paced filling solutions.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., Germany, China, Japan, UK are expected to grow at 4.7% to 7.0% CAGR

2

Emerging Markets : Indonesia, Brazil, South Africa are expected to grow at 8.4% to 10.1% CAGR

Market Analysis Chart

The global industry of Bulk Bag Filling Stations is experiencing significant growth, driven by a number of key factors. Drivers primarily encompass increased demand for efficient packaging solutions in various industrial sectors, emerging advanced technology, and the accelerated trend towards automation in processing units. These bulk bag filling systems offer advantages like high throughput, versatility, minimal product spillage, and reduced manual labor, all contributing positively to their increased market penetration.

Recent Developments and Technological Advancement

December 2024

Bulk Handling Systems launched its latest version of Bulk Bag Filling Stations, emphasizing increased automation and proficiency

October 2024

Spiroflow Systems announced an expansion in their product portfolio, introducing advanced versions of Bulk Bag Filling Stations with a focus on user safety and efficiency

July 2024

Flexicon Corporation, a pioneer in the industry, introduced an innovative Bulk Bag Filling Station model capable of handling multiple bag sizes effortlessly and more preciseness.

The industrial packaging sector has undergone significant evolution with the advancement of technologies, a key facet of which is the growing adoption of Bulk Bag Filling Stations. In the dawn of an increasingly automated age, this game-changing technology has not only streamlined the production process but also reduced manual labor considerably, thus enhancing operational efficiency.

Impact of Industry Transitions on the Bulk Bag Filling Stations Market

As a core segment of the Industrial Tools & Machinery industry, the Bulk Bag Filling Stations market develops in line with broader industry shifts. Over recent years, transitions such as Automation Advancement and Sustainability Focus have redefined priorities across the Industrial Tools & Machinery sector, influencing how the Bulk Bag Filling Stations market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Automation Advancement:

The emerging trend of automation in bulk bag filling stations has revolutionized the industry, making processes more efficient and reducing labour. Leveraging advanced technologies, businesses have optimized their bulk bag filling operations, improving productivity, and minimizing manual intervention. This transition has had a significant impact on a diverse range of industries; from agriculture to construction, an uptick in the usage of automated bulk bag filling stations has been observed, enhancing throughput and profitability.

2

Sustainability Focus:

There has been a noticeable shift towards ecofriendly practices in the bulk bag filling stations domain, mirroring wider global trends. Companies have begun developing machines that are energy efficient and built from sustainable materials. The ramifications of this transition are farreaching, influencing associated sectors like manufacturing, packaging, and logistics. Businesses are adapting to this sustainability trend in order to align with changing consumer preferences and stringent environmental regulations.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Industrial Tools & Machinery industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Industrial Tools & Machinery industry cascade into the Bulk Bag Filling Stations market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Emphasis on Automation, and Technological Innovations in Packaging Industry

The increasing emphasis on automation is also driving the expansion of the market for bulk bag filling stations as industries strive to enhance efficiency and productivity by incorporating automated equipment such, as bulk bag filling systems into their operations.
With an uptick in technological advancements, manufacturers of bulk bag filling stations are also constantly innovating to meet emerging needs. The market is also witnessing the introduction of systems with enhanced features such as dust control and reduced bag handling, which improve operator safety. Such functionality improvements in bulk bag filling stations respond to industry calls for safer, more efficient operations.
The food and agriculture sector heavily relies on bag filling stations and the rising demand, within this field is also fueling market growth significantly. Industries depend on effective packaging and filling systems to guarantee the safe transportation and storage of products. The increasing popularity of bulk bag filling stations is also attributed to their ability to uphold the quality of goods during storage and transit.

Restraint: High Initial Investment and Installation Costs

The process of setting up Bulk Bag Filling Stations includes costs for research and development as well as manufacturing and installation expenses tailored to the specific needs of different bulk bag weights and sizes—thus leading to a substantial upfront investment. These elevated expenses may discourage enterprises and create a significant hurdle, for entering the market; consequently impeding market growth. Moreover the upkeep of these systems demands resources resulting in higher operational expenditures overall. Factors like these could potentially reduce the need for Bulk Bag Filling Stations. Have a negative impact, on market trends.

Challenge: Complexity in Operation

Another significant constraint impacting the demand for Bulk Bag Filling Stations is their operational complexity. For efficient operation, these systems necessitate skilled operators and regular technical updates. The complexity increases when handling hazardous or highly reactive materials, mandating rigid safety norms and stringent monitoring.

Supply Chain Landscape

Raw Material Providers

BASF

DowDuPont

Components Fabricators

Chantland MHS

Hapman

Assembly & Production
Spiroflow Systems / Feige Filling
Distribution & Sales
National Bulk Equipment / Material Transfer & Storage
Raw Material Providers

BASF

DowDuPont

Components Fabricators

Chantland MHS

Hapman

Assembly & Production

Spiroflow Systems

Feige Filling

Distribution & Sales

National Bulk Equipment

Material Transfer & Storage

Banner LogoBanner Logo

Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Food Processing
Agribusiness
Flexicon Corporation
Innovation in hygienic designs to facilitate easy cleaning and reduce cross-contamination risks
Chemical Industry
Industrial Sector
Hapman
Offering custom-engineered solutions to handle highly reactive chemicals and ensure safety standards
Pharmaceuticals
Medical & Healthcare
Murdock Company
Integration of advanced technologies for precision filling and compliance with stringent regulatory standards
Building Materials
Construction
Spiroflow Systems
Focus on robust and versatile bulk bag filling equipment that can accommodate varied sizes and types of bulk bags

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Bulk Bag Filling Stations market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Bulk Bag Filling Stations in Chemical and Construction and Agricultural Industry

Chemical and Construction Industry

Within the chemical industry, Bulk Bag Filling Stations play a crucial role in packaging powdered or granular chemical substances. The choice for most operations in this realm typically falls on automated bulk bag fillers due to their enhanced accuracy in weight and volume control, ensuring seamless operations in a potentially hazardous environment. Automated Bulk Bag Filling Stations from industry leaders like Hapman and Bulk Handling Systems provide advanced solutions tailored for the unique needs of the chemical industry, offering benefits like dust-free operation, contamination control, and compliance with safety standards.



The construction industry is another primary consumer of Bulk Bag Filling Stations, using them for efficient packaging of construction materials like sand, concrete, and gravel.

Agricultural Industry

Bulk Bag Filling Stations are widely employed in the agriculture industry for efficiently filling large sacks with varied agricultural products such as grains, pulses, and fertilizers. The flexible intermediate bulk container filling stations are predominantly used in this sector due to their versatility and the ability to handle significant volumes with high precision. These stations offer tremendous advantages such as optimal productivity, safety during operation, and material integrity preservation. Market leaders in the agriculture sector, renowned for their robust bulk bag filling machinery, include bulk handling giants like Flexicon Corporation and Spiroflow, both fueling advancements in bulk bag technology and maintaining formidable market positions.

Bulk Bag Filling Stations vs. Substitutes:
Performance and Positioning Analysis

Bulk Bag Filling Stations outperform alternatives with advanced automation, efficiency, and accuracy, solidifying a distinct market position with potential for exponential growth. These Alternatives specially Pneumatic Conveying Systems has experienced a rapid growth as detailed in our latest report.

Bulk Bag Filling Stations
  • Automated Packaging Systems /
  • Pneumatic Conveying Systems
    High capacity, cost-effective operations, and Improved efficiency
    requires significant initial investment, specialized training for operators
    Ease of setup, More cost-effective upfront
    Less automation capabilities, Long-term cost inefficiencies

Bulk Bag Filling Stations vs. Substitutes:
Performance and Positioning Analysis

Bulk Bag Filling Stations

  • High capacity, cost-effective operations, and Improved efficiency
  • requires significant initial investment, specialized training for operators

Automated Packaging Systems / Pneumatic Conveying Systems

  • Ease of setup, More cost-effective upfront
  • Less automation capabilities, Long-term cost inefficiencies

Bulk Bag Filling Stations outperform alternatives with advanced automation, efficiency, and accuracy, solidifying a distinct market position with potential for exponential growth. These Alternatives specially Pneumatic Conveying Systems has experienced a rapid growth as detailed in our latest report.

Loading...

Research Methodology

This market research methodology defines the Bulk Bag Filling Stations market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Industrial Tools & Machinery ecosystem, we analyze Bulk Bag Filling Stations across Chemical, Food & Beverage, and Agriculture Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

Annual Reports / Industry Magazines / Country Level Ministerial Sources / World Mining Data

• Trade Sources (USA Trade Census, EU Comext, China Customs)

Interviews of Industry Stake Holders

Industry Views of Consultants

merics.org

• NAICS - Economic Statistics (US, Canada)

DataString Database

We benchmark competitors such as Spiroflow Systems Ltd., Flexicon Corporation, and Spiro International S.A. by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Providers, Components Fabricators, and Assembly & Production. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Industrial Tools & Machinery revenues to estimate the Bulk Bag Filling Stations segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Providers (BASF, DowDuPont), Components Fabricators (Chantland MHS, Hapman), and Assembly & Production. Our parallel substitute analysis examines Automated Packaging Systems and Pneumatic Conveying Systems, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Spiroflow Systems Ltd., Flexicon Corporation, and Spiro International S.A., analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Bulk Bag Filling Stations market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

rm

Bulk Bag Filling Stations Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 1.5 billion
Revenue Forecast in 2034USD 2.8 billion
Growth RateCAGR of 7.3% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20241.4 billion
Growth OpportunityUSD 1.4 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20241.4 billion USD
Market Size 20271.7 billion USD
Market Size 20292.0 billion USD
Market Size 20302.1 billion USD
Market Size 20342.8 billion USD
Market Size 20353.0 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredOperational Speed, End-User Sector, Technical Classification, Integrated Features, Specialty Requirements
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledSpiroflow Systems Ltd., Flexicon Corporation, Spiro International S.A., Bulk Handling Systems, Conweigh Bulk Bag Filling, GEA Group Aktiengesellschaft, Beumer Group, HAVER & BOECKER OHG, Webster Griffin Ltd., Inpak Systems Inc., PAYPER S.A. and JEM International Inc.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

Explore Report Features and Data Packages

Industry Insight Report

$ 4200
Unlock Multi-User Access for just $999 more
i
No Payment Before Report Delivery
Flexible Payment Options
Additional Features
Customization Available
i
Excel Data Pack Included
Free Analyst Support
i
Industry Expert-Validated Insights
100% Confidentiality Guaranteed
Fast Delivery (24–72 hours)
i
Get Report Now

Strategic Growth Advisory

Unrivaled Custom Market Intelligence & Strategic Advisory for Business Growth and Competitive Excellence

  • Assess and prioritize high-value markets with precision
  • Craft tailored entry and expansion roadmaps
  • De-risk investments through rigorous market intelligence
  • Architect dynamic pricing frameworks aligned to value creation
  • Unlock sustainable margin enhancement opportunities
  • Benchmark performance against global industry leaders
  • Strategically realign portfolios to future growth drivers
  • Accelerate commercialization of breakthrough offerings
  • Harness market foresight and technology shifts to fuel innovation

Discover our Strategic Growth Advisory Services »

Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Bulk Bag Filling Stations Market Size, Opportunities & Strategic Insights, by Operational Speed

4.1Up to 5 /min
4.25-10 /min
4.310+ /min
Chapter 5

Bulk Bag Filling Stations Market Size, Opportunities & Strategic Insights, by End-User Sector

5.1Chemical
5.2Food & Beverage
5.3Agriculture
5.4Pharmaceuticals
5.5Construction
5.6Others
Chapter 6

Bulk Bag Filling Stations Market Size, Opportunities & Strategic Insights, by Technical Classification

6.1Manual
6.2Semi-Automatic
6.3Automatic
Chapter 7

Bulk Bag Filling Stations Market Size, Opportunities & Strategic Insights, by Integrated Features

7.1Dust Control
7.2Weight Verification
7.3Ensured Stability
Chapter 8

Bulk Bag Filling Stations Market Size, Opportunities & Strategic Insights, by Specialty Requirements

8.1Explosion-Proof
8.2Corrosion-Resistant
8.3Customizable
Chapter 9

Bulk Bag Filling Stations Market, by Region

9.1North America Bulk Bag Filling Stations Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Bulk Bag Filling Stations Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Bulk Bag Filling Stations Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Bulk Bag Filling Stations Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Bulk Bag Filling Stations Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Bulk Bag Filling Stations Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Spiroflow Systems Ltd.
10.2.2Flexicon Corporation
10.2.3Spiro International S.A.
10.2.4Bulk Handling Systems
10.2.5Conweigh Bulk Bag Filling
10.2.6GEA Group Aktiengesellschaft
10.2.7Beumer Group
10.2.8HAVER & BOECKER OHG
10.2.9Webster Griffin Ltd.
10.2.10Inpak Systems Inc.
10.2.11PAYPER S.A.
10.2.12JEM International Inc.