Packaging Equipment Market Growth Trends & Forecast By Top Companies- Schneider Electric SA, Graphic Packaging Holding Company, KHS GmbH, Krones AG, Robert Bosch GmbH

Packaging equipment market will experience augmented demand from the rapidly expanding food & beverage segment as well as from the pharmaceutical applications that arise from rising prevalence of various diseases. A huge proportion of medicinal products available in the market are in liquid form and are filled in vials or bottles, necessitating the use of fillers to warrant a cost-effective, safe and accurate packing of the liquids. Common illnesses such as cold, cough, gastrointestinal problems and others are usually treated using liquid medicine packed in multi-dose containers like vials and plastic bottles.

The growth of the pharmaceutical industry across APAC would prove to be one of the most viable driving forces for the regional packaging equipment market. The economies such as India, South Korea, China, and Japan have been increasingly shifting toward the adoption of smart solutions in manufacturing. Furthermore, the continent, as a whole, is driven by a strict regulatory landscape mandating pharma companies to adhere to certain rules, further augmenting the regional packaging equipment market.

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

1. ACG Worldwide
2. Adelphi Packaging equipment
3. Alfa Laval
4. B&H Labelling Systems
5. Barry-Wehmiller Companies Incorporated
6. BEUMER Group GmbH & Company KG
7. Buhler AG
8. Coesia SpA
9. Coperion GmbH
10. Fuji Machinery Company Limited
11. GEA Group AG
12. Graphic Packaging Holding Company
13. Guangzhou Tech-Long Packaging equipment Co., Ltd
14. Hangzhou Youngsun Intelligent Equipment Company Limited
15. Illinois Tool Works Incorporated

Evidently, the increasing demand for packaged drinks is also attributed to the exponentially growing population base in regions like Asia, Africa and South America, ensuring the existence of willing consumers for a large number of beverage alternatives. As such, bottle filling machines will contribute enormously towards the packaging equipment market earnings, since there are no indications to suggest a plunge in beverage demand over the coming years. The pharmaceutical segment can also be expected to offer significant growth prospects for the packaging equipment market, as the need for effective drugs and medicines is always on the rise. Packaging for pharmaceutical products require standardized materials and displaying a variety of information is mandated by government and international agencies. Different machines are required for distinct stages of packaging, such as filling, sealing, sticking informational labels and capping.

The rapidly growing population and the gradual rise in consumer spending has propelled the packaging equipment market, which garnered remunerations of about USD 38 billion globally in 2017. Demand for packaged food and beverages has been continuously increasing and consequently has presented vast opportunities for packaging companies. As a result, the packaging equipment market has seen tremendous demand from food processing and bottling plants, where large sized machines help in packing thousands of units of multiple product ranges each day. The availability of numerous beverage options on supermarket or grocery store shelves has boosted the popularity of major as well as emerging brands, encouraging them to expand production. With the demand for beverages such as juices, soft drinks and energy drinks expected to grow steadily, the packaging equipment market will be proliferated by the consistent need for fillers to produce bottled or canned beverages.

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