Press release
ACG Worldwide, Alfa Laval profiled in Packaging Equipment Market to grow at 3% CAGR to 2022 | By Key Vendors: KHS GmbH, Krones AG, Robert Bosch GmbH, Schneider Electric SA, Graphic Packaging Holding Company
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Packaging Equipment Market is expected to exceed USD 47 billion by 2024. A rise in the adoption of plastic packing solutions for personal care and cosmetic products is driving the packaging equipment market growth. The industry players are shifting toward sustainable solutions by replacing plastic with biopolymers to improve their ecological footprint. Moreover, a rise in the demand for products and goods having a long shelf-life is driving the demand for innovative packaging machinery. Technological advancements are a major trend in the packaging industry with manufacturers collaborating with technology providers to offer their customers advanced packaging solutions.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• 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 Packaging Machinery Co., Ltd
• 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 UK
• Tetra Laval International
• The Bradman Lake Group
• VELTEKO s.r.o.
Labeling machines are experiencing a high growth in the packaging machinery 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 pharmaceutical packaging machinery market is witnessing a high growth owing to a rise in the demand for automated, flexible, and integrated packaging lines from the industry. Manufacturers are targeting the need for developing novel drug delivery solutions. Several regulatory changes regarding packaging of medical products are also expected to drive the industry growth. Some of these regulations are anti-tampering, labeling, and pharmacopeia standards. Developed countries including China, India, and Brazil are experiencing a high demand for this equipment owing to the improving economic conditions of the people and increasing investments by major pharmaceutical companies.
Browse Full Report: https://www.gminsights.com/industry-analysis/packaging-equipment-market
Key players operating in the packaging equipment market are K?rber AG, Robert Bosch GmbH, Multivac Group, Barry-Wehmiller Companies, Inc., Coperion GmbH, ACG Worldwide, Graphic Packaging Holding Company, Accutek Packaging Equipment Companies, Inc., GEA Group, Aetna Group, B&H Labeling Systems, Krones Group, and Illinois Tool Works, among others. Players are integrating several technologies in their offerings, which will simplify the industrial processes. The integration of robotics, sensors, and IoT in the machines to provide mobile connectivity, monitoring and control is improving the overall productivity and efficiency.
Browse Related Report:
Digital Banking Market Size By Type (Retail Banking, Corporate Banking, Investment Banking), By Services (Transactional, Non-Transactional), Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, Argentina, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 20243
https://www.gminsights.com/industry-analysis/digital-banking-market
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