Packaging Equipment Market By Top Machinery Companies: ACG Worldwide, Alfa Laval, Barry-Wehmiller, BEUMER Group, Buhler Group, Coesia S.p.A., Coperion, Graphic Packaging, KUKA, Robert Bosch, Schneider Electric, Krones AG, KHS GmbH, ITW, IMA Group

Labeling machines are experiencing a high growth in the packaging equipment market owing to a rise in the demand for digitalized printing techniques. The growing demand for personalization and customization of the product labels for offering information related to the features and ingredients is growing rapidly. This is encouraging the manufacturers in developing machines that are integrated with technologies to cater to such customer demands. Rotary stickers are widely being used in the beverage industry for labeling PET bottles, which are used for the packing of cold drinks, juices, milkshakes, and energy drinks. The increasing consumption of these beverage items is driving the adoption of rotary stickers for advertising these products, thereby propelling the packaging equipment market.

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The food & beverage industry accounted for over 55% of the market share in 2017. The packaging equipment market has witnessed a growing demand for new machinery from developing markets, due to the increase in spending on a wide range of processed and ready-to-go food & beverage products. To satisfy this growing demand, several major companies operating in the food & beverage industry are looking to expand in untapped markets by building new plants and purchasing new machinery. In addition, with changing consumer preferences, food & beverage companies are anticipated to introduce a wide range of new products that require innovative or newer packaging machinery.

World Packaging Equipment Market is set to grow from its current market value of $38 billion to more than $47 billion by 2024, grow at over 3% CAGR.

Industry Growth drivers –
• Adoption of smart packaging solutions
• Growing focus on labeling and serialization for anti-counterfeiting of drugs
• Flourishing pharmaceutical industry
• Flexible packaging solutions
• Automation in packaging equipment
• Packaged foods and beverage consumption
• Cosmetics packaging equipment demand
• Ready-to-drink beverage consumption

The packaging equipment market in Asia Pacific is expected to witness a steady growth and will reach USD 18 billion by 2024, owing to the rise in the number of pharmaceutical companies. Countries including India, China, Japan, and South Korea are moving toward automation and adoption of smart industrial solutions in the manufacturing processes. Stringent regulations that mandate pharmaceutical companies to follow certain standards for the packaging of drugs are positively driving the packaging equipment market. Several industrial players in the region are deploying liquid and solid packaging machinery to fulfill the product requirements.

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The Europe packaging equipment market is witnessing a high growth owing to the rise in the demand for integrated solutions, changing consumer trends, and ecological requirements. FFS and palletizing machinery are experiencing a high adoption rate in several industrial sectors. Integrated technologies and multi-functional solutions offered by these machines are helping the factories in simplifying their processes. The application of this equipment in the food & beverage sector owing to the growing demand for packaged food is driving the growth of the Europe packaging equipment market. A strong customer base and the extensive adoption of technology are attracting several companies to invest in the region, thereby driving the packaging equipment market growth.

Major players operating in packaging equipment market are ACG Worldwide, Adelphi Packaging Machinery, Alfa Laval, B&H Labelling Systems, Barry-Wehmiller Companies Incorporated, BEUMER Group GmbH & Company KG, Buhler AG, Coesia SpA, Coperion GmbH, Fuji Machinery Company Limited, GEA Group AG, Graphic Packaging Holding Company, Guangzhou Tech-Long Packing Machine Company, Hangzhou Youngsun Intelligent Equipment Company Limited, Illinois Tool Works Incorporated, Industria Macchine Automatiche SpA, Ishida Company Limited, KHS GmbH, Körber AG, Krones AG, KUKA AG, Multivac Sepp Haggenmüller GmbH & Company KG, Robert Bosch GmbH, Sato Corporation, Schneider Electric SA, Selovac Indústria e Comércio Limitada, Serac Group, Tetra Laval International SA, The Bradman Lake Group, and VELTEKO s.r.o.. Manufacturers in the packaging equipment market are targeting their offerings in several sectors and are adopting several strategies to capture the widespread customer base.

Browse key industry insights spread across 275 pages with 466 market data tables & 37 figures & charts from the report, “Packaging Equipment Market Size By Product (Fillers [Liquid Type, Powder Filling, Bottle Filling], FFS (Form Fill Seal) [Vertical, Horizontal], Capping [Screw Capping, Vial Coating, ROPP (Roll On Pilfer Proof) Cappers], Labelling [Wet Glue, Self-Adhesives, Rotary Sticker], Coding [Wet Ink System, Ink Jet System, Laser System, Hot Stamp, Thermal Transfer], Palletizing), By Application (Food & Beverage, Pharmaceuticals, Chemical, Personal Care), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/packaging-equipment-market

Companies are differentiating their products by developing several technologies, which will ease the packaging process and improves the productivity. For instance, SIG is planning to deploy IoT technology in its offerings to provide intelligent packaging solutions to its customers. The technology will be provided by GE Digital to integrate it into the machines provided by the company. This will allow the customers to build an end-to-end digital platform, which will provide data-driven intelligent monitoring and controlling of the processes.

Browse Related Reports:

Industrial Machinery Market Size By Application (Agriculture, Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Industrial Machinery Market was over USD 485 billion in 2015 with 5.3% CAGR estimation to reach USD 771.59 billion by 2024.

Key players in the market include AGCO Corporation, Atlas Copco AB, BHP Billiton, Brandt Industries Ltd., Caterpillar Inc., CNH Industrial, ESCO Corp., Gerdau S.A., Hitachi Construction Machinery, Honeywell International Inc., Illinois Tool Works Inc. (ITW). Ingersoll Rand, John Deere, Joy Global Inc, Komatsu Ltd, Sandvik AB, ShawCor Ltd., Terex Corp, and Volvo Construction.

https://www.gminsights.com/industry-analysis/industrial-machinery-market

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