Case Packers Market - Need for Machines that Cater to Diverse Requirements Driving Demand
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Companies such as IWK Verpackungstechnik GmbH, Tetra Pak International S.A., and Robert Bosch GMBH are rated among Tier 1 category, staying ahead of the curve via their technological expertise and production capabilities. The competition in Tier 2 category, which includes companies with 0.3% to 0.5% of the global shares in case packers market, is even fiercer with nearly 60% of the total shares distributed among them.
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Tier 2 players such as Omori Machinery Co. Ltd., OPTIMA Packaging Group GmBH, Hangzhou Youngsun Intelligent Equipment Co Ltd. have strong presence overseas. As per the projections of the TMR report, the demand in the global case packers market will increment at a CAGR of 4.3% during the forecast period of 2017 to 2025.
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Revenue-wise, it has been estimated that the opportunities in the case packers market, across the world, will translate into US$2,037.0 mn by 2025, significantly more than it’s evaluated worth of US$1,457.2 mn in 2017. Going forward, the companies aspiring for greater shares in this market are expected to concentrate on improving their product portfolio and indulge in mergers and acquisitions to further strengthen their position.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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