Global Pouch Packaging Machinery Market 2018-2022
About this market
With the advancement of technologies and rising adoption of automation, various pouch packaging machinery market players are equipping their machines with integrated counters. Benefits including the reduced energy consumption and minimal time required for production are expected to aid the pouch packaging machinery market to register a CAGR of more than 5% by 2022.
Low cost of logistics of pouches
Various advantages of pouches over conventional or rigid packaging solutions including the low cost incurred in using pouches is fueling the market’s growth. As pouches use lesser storage space, their adoption has increased significantly in the e-commerce industry. Consequently, the low cost involved in using pouches as logistics solutions is expected to augment the market’s growth in the forthcoming years.
Availability of paperboard packaging
The availability of paperboard packaging as an eco-friendly alternative to pouch packaging is an hindering factor impacting the growth of the market adversely. Furthermore, owing to the lower production capacity of pouch packaging as compared to paperboard packaging, the demand for pouch packaging machines will be reduced during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the pouch packaging machinery market during the 2018-2022, view our report.
The market appears to be fragmented with the presence of various established and regional pouch packaging machinery manufacturers focusing on integrating advanced technologies for improving their market shares. This market research report will help clients in identifying new growth opportunities and designing innovative strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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