Bizizz Market Research has recently published a research report, “Industrial Packaging Machinery Market By Machine Type (Bottling Line, Filling, Palletizing, Labeling, Wrapping, Cartoning, Form-Fill-Seal and Others), End-use (Pharmaceutical, Beverage, Personal Care, Chemicals, Food and Others), Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Industrial Packaging Machinery Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 58.1 Bn by 2027, witnessing a CAGR of 6.8 % during the forecast period. Key drivers of the market are
The global market for Industrial Packaging Machinery is observed to be of significant growth and is projected to propel during the forecast period. Key factors boosting the growth of global market constitutes of increasing application of automated packaging offerings, growing e-commerce industry, and presence of range of product portfolio basing on end-user’s industry.
The Industrial Packaging Machinery market is anticipated to register a CAGR of over 6.8% during the forecast period.
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By Machine type, Form-Fill-Seal machine segment held a key share in Global Industrial Packaging Machinery Market in 2018.
Global demand for industrial packaging machinery is led by form-fill-seal machine in 2018. It is projected to lead the global market during the forecast period. The growth of the segment is favorable in proportional to increase its popularity in flexible packaging. The form fill seal machine forms the packages, fill it with the product and pack it that is highly performing and contribute to the overall growth of the market. The applied material in these machines is fed off the roll. The machines are very good in range of packaging materials and have increased from various industries constituting of cosmetics, beverages, and food.
Asia Pacific is Anticipated to Dominate the Global Industrial Packaging Machinery Market during the Forecast Period.
The Asia Pacific is projected to propel the global of market during the forecast period. China is anticipated for a largest contributor of Industrial Packaging Machinery market in the Asia Pacific region. The rapid growth in Chinese population, increased concern of government along with environmental friendliness, along with purchasing power increase is factors stimulating its regional growth. Moreover, the contributing government initiatives to increase environmental friendliness, energy saving, and domestic usage is anticipated to generate the growth opportunities in Asia Pacific market.
Global Industrial Packaging Machinery market was moderately consolidated with key players accounting for significant share in 2018. The companies are involved in encouraging industrial packaging machinery by innovative products to improve their competency.
Prominent players operating in the Global Industrial Packaging Machinery Market are: Krones AG., Robert Bosch GmbH, Tetra Laval International S.A, Coesia S.p.A, I.M.A. Industria Macchine Automatiche S.p.A., and Salzgitter AG., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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