The Global Market for Packaging Machinery is Projected to Reach US$55 Billion by 2022

Technology Innovations & 'On-the-Go' Lifestyles of Time-Poor Consumers Drive the Global Packaging Machinery Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Packaging Machinery market. The global market for Packaging Machinery is projected to reach US$55 billion by 2022, driven by the growing demand for processed and packaged foods and beverages as a result of the 'on-the-go' lifestyles of time-poor consumers; and technology innovations aimed at improving efficiency, sustainability, flexibility and performance of packaging machines.

Packaging machinery are designed for both primary and secondary packaging of products before their dispatch, storage and distribution. The  industry comprises a wide array of highly versatile products addressing the requirements of a broad spectrum of end-use sectors including food, beverages, pharmaceuticals, cosmetics, and consumer goods. About two-thirds of the global demand for packaging machinery emanates from food and pharmaceutical sectors. The growth in the packaging machinery industry is primarily led by trends such as increasing availability of packaged food products, demand for diverse packaging materials which enhance the safety and shelf life of packaged products. At the same time, advanced machinery with improved efficiencies and flexibility features continue to invigorate replacement demand.

Technological advancements and innovation equipment design, equipment standardization, and mounting packaging concerns are few of the factors influencing the packaging machinery market. End-use markets are increasingly shifting towards more sophisticated, faster, integrated and standardized equipment to reduce packaging waste and to comply with environmental standards. Against the backdrop of ever increasing consumer demand, packaging machinery design has grown in complexity with the incorporation of servodrive axes, vision systems, integrated robotics, performance analysis software, and communications to be integrated with line and production management systems. Advancements in electronics, product tracking, computing technology and rising awareness over the inherent benefits of automation have encouraged conventional industries to embrace integrated machineries. The shift towards lightweight packaging solutions led by trends such as rising logistics costs, and growing environmental awareness are encouraging companies to upgrade production equipment with flexible and more productive machinery. Trends such as growing demand for single serve and smaller package sizes are further driving the demand for modular packaging machines. These machines are ideal for packaging small products and also represent an economical solution for packaging companies.

As stated by the new market research report on Packaging Machinery, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 3.8% over the analysis period led by factors such as growing middle class population, improvement in food processing and consumer durables sectors, and robust foreign investments in local production facilities.

Major players covered in the report include Adelphi Packaging Machinery, Barry-Wehmiller Companies Inc., 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 Bottling Line Machinery, Case Forming & Sealing Machinery, Form-Fill-Seal Machinery, Coding/Marking/Labeling Machinery, Filling & Dosing Machinery, Cartoning Machinery, Wrapping/Bundling Machinery, Palletizing Machinery, and Others.

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