The factors such as rising advancements in modular packaging machines, growing accessibility of packaged foods, multipacks and increasing adoption of automatic machines in multiple sectors are some of the drivers favoring the market growth. However, lack of awareness among consumers will change the growth of innovative packaging methods. Furthermore, more number of technological advancements should attract the consumers and intensified competition from small vendors are the major challenges in packaging machinery market growth.
Labelling & Coding machine segment is expected to grow at the highest CAGR in terms of revenue due to the growing demand for pharmaceutical, food and beverage manufacturers to guarantee the safety of their products throughout the supply chain. However, Form Fill Seal (FFS) machinery will remain as the most widely used type of packaging equipment due to their extensive use in their large food processing market. Asia Pacific leads the global market during the forecast period owing to increasing shares for global sales and growing innovations in technologically complicated equipments.
Some of the key players in this market include Bosch Packaging Technology, Tetra Pack & Toyo Seikan Group Holdings Ltd., Crown Holdings Incorporated, Coesia S.p.A., Krones AG, Barry-Wehmiller Inc., GEA Group, Illinois Tool Works Inc., Graphic Packaging International, Inc, Automated Packaging Systems, Inc., Dover Corporation, Reynolds Group, Mamata Enterprises Inc., Nordson Corporation and Multivac Inc.
Machine Types Covered:
• Cartooning Machines
• Coding & Marking Machines
• Form Fill Seal (FFS) Machines
• Filling & Dosing Machines
• Closing & Sealing Machines
• Wrapping & Bundling Machines
• Other Packaging Machines
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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