Food Packaging Machinery Market in APAC 2015-2019
About food packaging machinery
A food packaging machinery performs a significant function in the food packaging industry. It enables process control and efficiency in the overall food packaging process. It is widely used for filling, closing, wrapping, and coding food products. Proper packaging of food products ensures that there is no spoilage of packaged food products throughout the supply chain, and that it can withstand changes in temperature so as to maintain its quality and edibility.
Technavio's analysts forecast the food packaging machinery market in APAC to grow at a CAGR of 6.62%, In terms of revenue, over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the food packaging machinery market in APAC for the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of food packaging machinery in APAC. The report includes the segmentation of the market into two broad categories: machinery type and application.
Technavio's report, Food Packaging Machinery Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key leading countries
Technavio Announces the Publication of its Research Report – Food Packaging Machinery Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Food Packaging Machinery Market in APAC: Acmavolpak, Bosch Packaging Technology, GEA Group and Illinois Tool Works
The other prominent vendors are: Accraply, Adelphi Masterfil, AMF Bakery Systems, Arpac, Bradman Lake, Graphic Packaging Holding, Harland Machine Systems, Heat and Control, IMA Group, Ishida, JBT FoodTech, KHS, Nichrome, Omori Machinery, Orion Packaging System, Oystar Holding, Sealed Air, The Krones Group and Weber Marking Systems
Commenting on the report, an analyst from Technavio’s team said: “Advancements in technology are expected to propel market growth during the forecast period. The development of integrated designs and other advanced technologies such as enhanced simulation tools is expected to become a major trend in the market. In addition, manufacturers are integrating robotics to increase productivity and reduce labor costs, which in turn will reduce the overall cost of production. Robots can enhance automated machine-loading processes by allowing the machine infeed to meet the production capabilities of the packaging machine. Reduction in wastage of packaging materials, a smaller factory footprint, and timely rectification of operational problems are some of the major advantages of robotic packaging machinery.”
According to the report, packaging plays a vital role in most food products. Attractive and effective packaging not only preserves and protects the food but also serves as a means for increasing buyer interest. In a fragmented market, where time to market is important for staying competitive, there is an increasing demand for new packaging machinery that is capable of meeting the evolving demands of the industry. Nowadays, in order to increase the efficiency of food packaging materials, manufacturers focus on factors such as upgradation of automation, integrated system, shorter cycle time, and versatility. These key needs are used by manufacturers as a guide to designing packaging equipment.
Further, the report states that many end-users are struggling to invest the substantial amount of money required for purchasing and maintaining food packaging equipment.
Acmavolpak, Bosch Packaging Technology, GEA Group, Illinois Tool Works, Accraply, Adelphi Masterfil, AMF Bakery Systems, Arpac, Bradman Lake, Graphic Packaging Holding, Harland Machine Systems, Heat and Control, IMA Group, Ishida, JBT FoodTech, KHS, Nichrome, Omori Machinery, Orion Packaging System, Oystar Holding, Sealed Air, The Krones Group, Weber Marking Systems