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Packaging Equipment Market by Top Venders 2024: ACG Worldwide, Alfa Laval, Barry-Wehmiller Design Group, BEUMER Group, Buhler Industries Inc., Coesia S.p.A., Coperion, ITW, KHS GmbH, Krones AG, Robert Bosch GmbH, Schneider Electric

12-31-2018 07:08 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Packaging Equipment Market

Packaging Equipment Market

The demand for the packaging equipment market is majorly driven by the development of energy-efficient equipment, increasing the adoption of automated packaging machines and driving the demand for personal care goods. Growing demand for packaging robots from several end-use industries is also a key factor fueling the packaging machinery market demand. These machines play a key role in ensuring product safety throughout the value chain. Equipment manufacturers are emphasizing on offering solutions that have a minimal environmental impact.

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Packaging Equipment Market size is set to exceed USD 47 billion by 2024. The growing adoption of automation in several industrial sectors is driving the packaging equipment market growth. Technological advancements provide several advantages to the application industries using these products. For instance, implementing smart sensors offers fault detection, data collection, mobile connectivity, remote monitoring, and controlling features, providing efficiency in the processes and operations performed in the factories. Industries using traditional packaging are emphasizing on substituting the legacy machinery with new innovative equipment to enable mass production, thereby propelling the packaging machinery market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. ACG Worldwide
2. Alfa Laval
3. Barry-Wehmiller Design Group
4. BEUMER Group
5. Buhler Industries Inc.
6. Coesia S.p.A.
7. Coperion
8. ITW
9. KHS GmbH
10. Krones AG
11. Robert Bosch GmbH
12. Schneider Electric

High costs associated with the development and installation of this equipment are restricting the packaging equipment market growth. Small companies cannot afford to purchase these machines, forcing them to implement manual packaging techniques over automated systems, leading to the adoption of the rental business model. In addition, increasing maintenance costs of the equipment are further hindering the industry demand. Periodical maintenance and checks need to be performed for ensuring the proper operation of the equipment.

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Palletizing equipment is experiencing a high adoption in several industrial sectors owing to the automated functions provided by the machines. These help in handling heavy loads and stacking cases, bags, bottles, and cartons for packing and labeling of the products. Several advantages of these machines include easy circulation of commodities, manual & automatic handling, lesser risks of product damage, and worker injuries. Several companies are adopting automated palletizing machines to increase their manufacturing capabilities, deliver high-quality end-products, and efficiently manage their processes, driving the packaging machinery market.

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.

Pharmaceutical drugs require proper packaging to protect them from environmental conditions and to prevent modification of their chemical properties. The pharmaceutical packaging equipment market is characterized by the demand for blister packs, plastic bottles, caps & closures, medical specialty bags, pouches and strip packs, medication tubes, and cartridges. The steady demand from the healthcare/medical sector has led to the consumption of strip packing machines, blister packaging machines, LFA automatic tablet counting machines, fill & sealing machines, vertical tablet packing machinery, bottling & filling lines, and tube fillers.

Paperboard packaging is picking up speed due to the rapid growth in the B2C e-commerce space and the growing consumer preferences for online shopping. The food & beverage industry is a major contributor to packaging equipment market demand. Changing lifestyles and eating habits, particularly in the younger and working demographic, have resulted in significant demand for ready-to-eat meals over fresh food, spurring industry demand in the sector.

Browse key industry insights spread across 275 pages with 466 market data tables & 37 figures & charts from the report, Packaging Equipment Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/packaging-equipment-market

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 machinery market. Several industrial players in the region are deploying liquid and solid packaging machinery to fulfill the product requirements.

In 2017, North America accounted for around 25% of the packaging equipment market share and is growing at a rapid pace owing to the rise in adoption of smart packing solutions in several industrial sectors. Manufacturers are integrating several advanced technologies into these machines to provide remote monitoring & control, mobile connectivity, and other intelligent features. With automation strengthening its foothold in the North America packaging machinery market, food & beverage and pharmaceutical companies are concentrating on integrating advanced software to reduce human interferences.

The seamless integration of software and hardware is allowing manufacturing industries to produce robust and accurate products, lower accident rates, and reduce wastage in an economically profitable method. Moreover, high standards of living and stable economic conditions in the region are surging the demand for high-performance machinery.

Key players operating in the packaging equipment market are ACG Worldwide, Adelphi Packaging Machinery, Alfa Laval, B&H Labelling Systems, Barry-Wehmiller Design Group, BEUMER Group, Buhler Industries Inc., Coesia S.p.A.,, Coperion, Fuji Machinery Company Limited, GEA Group, Graphic Packaging International, LLC, Guangzhou Tech-Long Packing Machine Company, Hangzhou Youngsun Intelligent Equipment Company Limited, ITW, 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, Selovac Indústria e Comércio Limitada, Serac Group, Tetra Laval International SA, The Bradman Lake Group, and VELTEKO s.r.o.

Browse Related Reports: https://www.gminsights.com/industry-analysis/vertical-farming-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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