Top Trends in Packaging Equipment Market 2018 - 2026 | Growth Factors and Industry Players

With the increasing advancement in packaging technology for variety of end-use application, the demand for Packaging Equipments is expected to grow further in the next ten years. Manual tasks are rapidly being replaced by automatic packaging machines in the each and every industry globally. Most of the demand for Packaging Equipment is generated from the food & beverages and Pharmaceutical industry due to significant growth in the consumption of the packaged food in the developing as well as growth of Pharmaceutical industry in developed economies of the world.

New packaging formats in the e-commerce and food & beverages industry are gaining popularity which has created the need for development of product-specific Packaging Equipment. The Manufacturers of Packaging Equipments are innovating in terms of increasing the efficiency of existing products and the development of customized products according to the requirement of customers.

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Key Insights from Packaging Equipment Market Survey based on Industry Size, Share, Growth, Trends and Forecast 2018 - 2026

1. Growing demand for the advance packaging food and beverages due to growing urbanization and middle class population base is boosting growth of the global packaging equipment market.

2. Additionally, rising awareness about maintaining product quality by improving its packaging is encouraging adoption of the packaging equipment and is likely to propel growth of the global packaging equipment market.

3. Growing demand for the novel packaging solutions from the food and beverages industry has encouraged numerous companies to adopt the advanced packaging solutions. The beverage industry has increased rigid packaging solutions such as filling and palletizing machines. Growing adoption of this equipment is aiding growth of the global packaging equipment market.

4. Growing automation of packaging systems is leading propel growth of packaging equipment market. However, lack of budgets to adopt the advanced technique in the numerous small-scale industries mainly in the emerging economies is fuelling growth of the global packaging equipment market.

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Major technology Used in Packaging Equipment

Technology Type - General Packaging Technology, MAP Technology, Vacuum Packaging Technology;

End Users - Food, Beverages, Homecare & Personal Care, Healthcare, Industrial, Others

Regional Survey of Packaging Equipment Industry

On the basis of region, the packaging equipment market could be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa.

Of these regions, North America is expected to dominate the global market for packaging equipment owing to growing uptake of smart packaging equipment for packaging purposes in number of end use industries. However, the market in Asia Pacific is expected to expand with the impressive CAGR over the forecast period. The growth in the Asia Pacific region is attributable to the increasing investments in numerous end use industries and growing automation in the end use industries.

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Global Packaging Equipment Market: Major Companies and Strategy adopted by them

Some of the key players operating in the packaging equipment market are Bosch Packaging Machinery, CKD Group, Fuji Machinery Company, Barry-Wehmiller Companies, Inc., and Bradman Lake Group.

These companies are focusing on product improvement, strengthening the sales through improving distribution channels in order to improve their geographical and customer reach.

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