Bizizz Market Research has recently published a research report, “Packaging Machinery Market By Machine Type (Bottling Line, Filling, Palletizing, Labeling, Wrapping, Cartoning, Form-Fill-Seal and Others), End-users (Pharmaceutical, Beverage, Personal Care, Chemicals, Food and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global 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 increased adoption of automated packaging and stimulated e-commerce is contributing to the packaging machinery.
The global Industrial Packaging Machinery market has considerable growth and is projected to increase rapidly during forecast period. Key factors propelling its demand constitutes of rising implementation of automated packaging products, increasing e-commerce industry, and presence of wide range of offerings basing on end-user’s industries are supporting in its market growth. By the wide availability of goods, Industrial Packaging Machinery has gained its importance among CNG manufacturers. These machines supports companies in improve its performance along with low carbon footprint, decreased rejection rate, high level of flexibility, integration and maintenance, and ease of operations. It is anticipated to plunge the demand of Industrial Packaging Machinery globally.
The 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 Packaging Machinery Market in 2018.
Basing on machine type, form-fill seal machine are anticipated to have a greater market demand during the forecast period. The segment is projected to lead the global market equal to the rising popularity of flexible packaging. These machines form the packages coupled with, filling it along with product and pack it. This is a utilized material in various machines are fed off a roll. Machines are adoptable in wide range of packaging materials and have higher demand in multiple industries consisting of cosmetics, beverages, and food.
North America is Anticipated to Dominate the Global Packaging Machinery Market during the Forecast Period.
The Asia Pacific is projected to lead the global market during the forecast period. China is the leading contributor of Industrial Packaging Machinery market in the Asia Pacific region. Increased growth in population of China, Increased concern environmental friendliness, and purchasing power are key factors propelling the regional growth. Moreover, the supportive government initiatives to promote environmental friendliness, energy saving, and domestic consumption are anticipated to generate lucrative growth opportunities in the Asia Pacific region.
Global Packaging Machinery market was moderately consolidated with key players accounting for significant share in 2018. Manufacturers of packaging machinery are being involved in the innovative products that are environmental friendly in nature and could have a substantial demand in the global market.
Prominent players operating in the Global Packaging Machinery Market are: Robert Bosch GmbH, Tetra Laval International S.A, Coesia S.p.A, Krones AG, and Salzgitter AG., I.M.A. Industria Macchine Automatiche S.p.A, 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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