This industry research report includes a detailed segmentation of the global packaging machinery market by type (form fill seal, labelling and coding, package closing, wrapping and bundling, and others) and by end user (food, beverage, pharmaceutical, and personal care industries). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. The leading vendors analyzed in this report are Barry-Wehmiller, Coesia, Illinois Tool Works, Krones, Bosch Packaging Technology, and GEA.
Technavio’s market research analysts estimate the global packaging machinery market, to grow at a CAGR of more than 5%, and generate revenues of $51 billion between 2016 and 2020. The use of packaging machines has become inevitable owing to the increasing number of new products that have varying packaging needs, such as safety and extension of shelf life. Automatic machines are the new buzz in the packaging industry. These packing machines have better manufacturing procedures and reduce labour expenses. The Americas is the largest market for packaging machines, owing to the presence of major vendors in this region.
“The use of robotic machines is the latest trend in the packaging machine market. These robots are equipped with advanced monitoring and control capabilities to maintain packaging lines and reduce energy consumption. They use real-time data, collected from different machines, hence offer reduced wastage of packaging materials and factory footprint,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The new market research report from Technavio provides a breakdown and analysis of the packing machine segments by technology.
The form fill seas (FSS) machine is the most sought-after product in the packaging machinery market. The rising demand for FFS machines from the snacks and other convenience food segments is a significant factor that will impel growth in this market segment during the forecast period. The ability of these machines to produce small single-serve packages and smaller-portion packs will bolster its adoption until 2020.
The leading vendors in the global packaging machinery market include Barry-Wehmiller, Coesia, Illinois Tool Works, Krones, Bosch Packaging Technology, and GEA. The market is a highly fragmented due to the presence of well-diversified international, regional, and local suppliers. Though this market has many local and regional players, they find it increasingly difficult to compete with the international vendors in terms of product quality, durability, and reliability.
A more detailed analysis is available in the Technavio report, Global Packaging Machinery Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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