Packaging Machinery Market is projected to expand at a CAGR of 6%, demand for machinery automation and renovation is anticipated to boost demand, Says TMR

Various companies in the packaging machinery market are increasing their utility towards novel technologies, which can add unique codes on the inside pages, helping stakeholders get traffic to their websites. Stakeholders are investing in automated labelling systems. Labelling, decorating, and coding machines are forecast to drive the packaging machinery market forward. With an increasing awareness about the harmful effects of plastics on the environment, companies are conducting research to make their label product packaging, plastic-free. Analysts felt that while smart labels were gaining importance in the packaging industry, incomplete labelling, which could result in allergies and deaths, were acting as a restraint for companies. Companies must look to spread awareness about full-ingredient labelling in order to not put health of consumers at risk.

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At present, single-dose unit packaging is experiencing a hike in demand in the market. Firms are conducting research to make novel filling and dosing machines more versatile. Stakeholders across many end markets have benefited from the pros of compact machines that can be maintained easily. There is also an increasing demand for packaging machinery that is in-tune with the existing packaging line. It is projected that many medium- and large-scale manufacturers in end-use industry are looking to choose automated product packaging, in future.

Companies Benefiting from Introduction of Advanced Technology in Packaging Machinery Market

Manufacturers have benefited from advancements such as packaging automation, internet of packaging, etc. These innovations have helped manufacturers save cost on manpower and time. Companies are also launching new technologies for sterile filling. The dosing and filling segments is estimated to account for maximum revenue by 2026. The beverage end-use industry is projected to account for a substantial share of the packaging machinery market. Companies, hence, are strengthening their manufacturing capacities to produce coffee capsule packaging machine. Firms are looking to modify operational methods by incorporating virtual operations in machines.

The multilane sachet packaging systems are gaining in popularity in the packaging machinery market. Using vertical form-fill technology, companies are making end-to-end automated packaging options more accessible. The global packaging machinery market had a valuation of approximately US$49 Bn in 2018 and it is estimated to grow at a compound annual growth rate (CAGR) of close to 6% during the forecast period of 2019-2026.The packaging machinery market worldwide is estimated to reach an output of approximately 2,573,400 by 2026.

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Asia Pacific Expected to Provide Massive Growth Opportunities for Global Packaging Machinery Market

Floorspace challenges and machine accuracy serve as obstacles for packaging firms, particularly in the pharmaceutical sector. In order to overcome them, liquid unit-dosing machines, which would provide accuracy in packaging without impacting the floorspace, were introduced. The idea behind producing these machines was to target contract development and manufacturing organizations as well as small pharmaceutical manufacturers. Asia Pacific is expected to provide substantial growth opportunities for the packaging machinery market during the forecast period, helped by considerable growth in packaging consumption in key economies in this region. Manufacturers in countries such as Italy, Germany, and the US can emphasize on sending their packaging machinery products to nations like India and China to meet the demand caused by the ever-rising consumption rate.

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Packaging machinery manufacturers who are based out of Italy and Germany provide technologically advanced and superior products. However, packaging machinery companies are expanding their geographical presence in markets such as China, which has a potential for high growth. Multinational companies are emphasizing on emerging markets, courtesy merger with established regional players.

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China have established themselves as a strong market, due to their low-cost machinery with comparable production returns. Italy and Germany are renowned for supplying advanced packaging machinery worldwide. In terms of production and export, the global packaging machinery market is prominent in regions such China, Japan, the U.S., Italy, and Germany. Some of the important players in the packaging machinery market are Tetra Pak International S.A., Coesia S.p.A, Marchesini Group S.p.A., I.M.A. Industria Macchine Automatiche SpA, and Robert Bosch GmBH.

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This release was published on openPR.