Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
The global packaging machinery market size is expected to grow at a CAGR of around 6% during 2019-2024. Packaging machinery refers to a device that is used for packing different products and components. It plays a significant role in facilitating the packaging of small sachets to big cartons as well as providing temper resistance and ensuring the safety of the products. Different types of packaging machines are utilized for sorting, counting and accumulating various items. Due to technological progress, packaging machines have become more advanced and include numerous process operations such as fabrication, filling, sealing, cleaning, combining, labeling, palletizing and overwrapping.\
Apart from extending the shelf-life of the contents and protecting them against external elements like biological contamination, degradation, physical damage, and counterfeiting, packaging is also utilized for enhancing the appearance of fast moving consumer goods (FMCG) such as over-the-counter pharmaceuticals, processed food and beverages, and cosmetics. Moreover, consumers nowadays prefer flexible, lightweight, easy-to-carry packages. This is further supported by changing lifestyles and hectic schedules which have led to an increase in the need for convenient packaging solutions, thereby driving the demand for modern packaging machinery across the globe. Besides this, the leading packaging machinery firms are engaging in merger and acquisitions (M&A) activities to expand and increase the efficiency of their existing production facilities.
IMARC Group’s latest report provides a deep insight into the global packaging machinery market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global packaging machinery market in any manner
Historical, Current and Future Market Trends
Market Breakup by Product Type:
Form Fill Seal
Labeling and Coding
Closing and Sealing
Wrapping and Bundling
Market Breakup by Technology:
Modified Atmosphere Packaging
Market Breakup by End-Use:
Pharmaceutical and Personal Care
Market Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Barry-Wehmiller Companies, GEA Group, Illinois Tool Works,Krones, Robert Bosch GmbH, Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, B&H Labelling Systems, Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, Harland Machine Systems Ltd., etc.
Key Questions Answered in This Report:
How has the global packaging machinery market performed so far and how will it perform in the coming years?
What are the key regional markets in the global packaging machinery industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end-use?
What are the various stages in the value chain of the global packaging machinery industry?
What are the key driving factors and challenges in the global packaging machinery industry?
What is the structure of the global packaging machinery industry and who are the key players?
What is the degree of competition in the global packaging machinery industry?
What are the profit margins in the global packaging machinery industry?
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook