Press release
Packaging Machinery Market 2021 Net Worth is US$ 52.83 billion and Forecasts by 2028 | Key Players are: Krones AG, Robert Bosch Packaging Technology GmbH, Coesia S.P.A., M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Salzgitter AG....
Packaging Machinery Market 2021-2028
New study report " Packaging Machinery Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.
Market Overview-
The global packaging machinery market size is predicted to reach USD 52.83 billion by 2028, exhibiting a CAGR of 3.6% during the forecast period. The unceasing demand for packaged food, drugs, and other products will contribute effectively to the growth of the market, states Fortune Business Insights, in a report, titled “Packaging Machinery Market Size, Share & COVID-19 Impact Analysis, By Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Fill & Deal, Labelling, Decorating & Coding, Palletizing, Wrapping & Bundling and Others), By End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals and Others) and Regional Forecast, 2020-2027.” The market size stood at USD 40.08 billion in 2019.
The coronavirus incident has resulted in enormous damage to all the industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
Key Players-
The key players have an essential part to play in fostering the product improvement as per the demand of the consumers with ample supply in particular regions. The well-known brands are also acknowledged and aware of the potential links with the global Packaging Machinery Market 2021-2028 for showing a prominent place to the key players in the market.
Top Key Players in this market are:
Krones AG (Bavaria, Germany)
Robert Bosch Packaging Technology GmbH (Baden-Württemberg, Germany)
Coesia S.P.A. (Bologna, Italy)
M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)
Salzgitter AG (Salzgitter, Germany)
BW Packaging Systems (Illinois, U.S.)
Viking Masek Global Packaging (Wisconsin, U.S.)
Nichrome Packaging Solutions (Maharashtra, India)
Asian Packing Machinery Pvt. Ltd. (Haryana, India)
Aagard Group, LLC (Minnesota, U.S.)
MG America (New Jersey, U.S.)
Mollers North America (Michigan, U.S.)
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Market Driver:
Heavy Demand from Transportation Industry to Amplify Growth
The rising demand for packaging in logistics and transportation can be a vital factor propelling the growth of the market. Various logistics and transportation companies require packaging machinery to wrap and bundle their goods and commodities before shipping. The surging logistics and transportation industry is expected to have a tremendous influence on the global market during the forecast period. Packaging enables the safety of products and consignment during transportation. Additionally, the flourishing E-commerce industry is expected to spur opportunities for the market in the foreseeable future.
Rising Shift towards E-Commerce to Uplift Packaging Industry Amid COVID-19
The disruption in the supply chain of various sectors has also impacted the packaging industry. Manufacturers are limiting the workforce at manufacturing facilities due to the regulations imposed by the governments. However, the implementation of advanced techniques by OEMs to increase production capacity will augur well for the market. Similarly, the rising consumer inclination towards E-commerce due to the outbreak will significantly accelerate the revenue of the industry.
Regional Analysis:
Enormous Investments in Manufacturing Sector to Favor Market in Asia Pacific
The market in Asia Pacific stood at USD 13.34 billion and is expected to account for the highest share in the market owing to, the heavy investments in the manufacturing sector. The rising government support in countries such as India and China are expected to enable speedy expansion of the market. North America and Europe are expected to witness a steady growth rate during the forecast period due to the low adoption of packaging machinery in the regions.
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Table of Content:
Introduction
Executive Summary
Market Dynamics
Competition Landscape
Key Packaging Machinery Market Insights and Analysis, By Segments
Global Packaging Machinery Market Analysis, Insights and Forecast, 2016-2027
North America Packaging Machinery Market Analysis, Insights and Forecast, 2016-2027
Europe Packaging Machinery Market Analysis, Insights and Forecast, 2016-2027
Asia Pacific Packaging Machinery Market Analysis, Insights and Forecast, 2016-2027
Middle East and Africa Packaging Machinery Market Analysis, Insights and Forecast, 2016-2027
Latin America Packaging Machinery Market Analysis, Insights and Forecast, 2016-2027
Profiles of Key Players (Would be provided for 10 players only)
Continue….
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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