Global PVDC Food Packaging Market 2019-2023
About this market
Increasing need for automated systems to handle SKU proliferation to gain traction in the market. With the increase in consumer demand for FMCG products, there has been substantial growth in the number of SKUs available in the market. Technavio’s analysts have predicted that the automated material handling equipment (AMHE) market in North America will register a CAGR of close to 8% by 2023.
Growth of e-commerce industry in North America
Rapid urbanization, good internet penetration in North America and the growing middle-class population, backed by the rise in disposable income of the consumers, are driving the e-commerce market in North America. Thereby driving the need for warehouses leading to a growth in the automated material handling equipment market in North America.
Slow economic growth in North America
North American countries such as Canada, Mexico, and the US continued to witness the signs of being affected by prolonged economic recession since 2009. This had a negative impact on the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the automated material handling equipment market in North America market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Daifuku and Dematic the competitive environment is quite intense. Factors such as the increasing need for automated systems to handle SKU proliferation and the growth of e-commerce industry in North America, will provide considerable growth opportunities to automated material handling equipment manufactures. Daifuku, Dematic, Honeywell Intelligrated, SSI SCHAEFER, and Vanderlande Industries are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global PVDC food packaging Market 2019-2023
Technavio recognizes the following companies as the key players in the global PVDC food packaging market: Caprihans, CCL Industries, Jindal Poly Films, Marubeni Europe, and Sealed Air.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase in adoption of pouch packaging.”
According to the report, one of the major drivers for this market is the growing demand for PVDC films as barrier material.
Jindal Poly Films
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