The Global Market for Packaging Machinery is Projected to Reach US$64.7 Billion by 2020

Surging Demand from End-use Application Sectors Drives the Global Packaging Machinery Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Packaging Machinery. The global market for Packaging Machinery is projected to reach US$64.7 billion by 2020, driven by introduction of smart systems and surging demand from the food, beverage, and pharmaceuticals & chemicals sectors.

Packaging comprises an integral part of the marketing mix for any brand or product. Against the backdrop of shorter time to market consumer products, there is a growing need for new packaging machines that suit the changing requirements of the packaging industry. Enhanced automation, integrated systems, versatility and shorter turnaround times comprise the key trends shaping growth in the packaging machinery sector. Growing demand for packaged food and beverages against the backdrop of growing middle class population and urbanization is also a key factor driving market expansion.  Given the rising focus on achieving increased efficiencies, demand for multi-functional systems is on the rise. Demand is also growing for systems that aid in conserving energy and aid in compliance to regulatory requirements such as serialization. The global packaging machinery market is dominated by form/fill/seal machinery. These machines are widely used in food and packaging industry backed by the efficiency, high capacity, and high speeds offered to form, fill and seal products.

With integrated machinery technology and digital information flow playing a critical role in modern factories, packaging machinery companies are currently engaged in developing products suitable for Industry 4.0. Ethernet is increasingly becoming a preferred choice for new machine designs, with manufacturers realizing the importance of machine-to-machine (M2M) communications for achieving various tasks. Improvement is underway for third Generation machines comprising mechatronic or servo-based systems.  Modular packaging systems are growing in popularity, as they offer maximum flexibility in the packaging process. In line with growing demand from customers for robotics-enabled machinery, several packaging machinery manufacturers are increasingly adopting robotics. Vision sensor technology and end-of-arm-tooling (EOAT) design advancements constitute the key trends in robotic systems.

As stated by the new market research report on Packaging Machinery, Asia-Pacific represents the largest as well as the fastest growing market worldwide. Factors catalyzing growth in the region include growing middle class population, improvement in food processing and consumer durables sectors, and burgeoning foreign investment in local production facilities.

Major players covered in the report include Adelphi Packaging Machinery, Barry-Wehmiller Companies Inc., Hayssen Flexible, Bosch Packaging Technology, The Bradman Lake Group Ltd., B & H Labeling Systems, CKD Corporation, Coesia SpA, EDL Packaging Engineers Inc., Harland Machine Systems Ltd., Herma UK Ltd., Industria Macchine Automatiche (I.M.A) SpA, Krones AG, Lantech, Molins PLC, Newman Labeling Systems Inc., Norden Machinery AB, Orion Packaging Systems, Salzgitter AG, Scandia Packaging Machinery Co., SIG Combibloc, Strapack Corp., Tetra Laval International S.A, Uhlmann Pac-Systeme GmbH & Co. KG., and Winpak Ltd., among others.

The research report titled “Packaging Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and strategic industry activities of market participants. The report provides market estimates and projections for major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Middle East & Africa, and Latin America. Product segments analyzed in the report include Bottles Cleaning/Drying Machinery, Case Forming & Thermo Forming Machinery, Form-Fill-Seal Machinery, Coding/Marking/Labeling Machinery, Laminating/Delaminating Machinery, Testing/Inspecting/Detecting Machinery, Wrapping/Palletizing/Bundling Machinery, Miscellaneous Packaging Machinery, and Accessories & Parts.