London, 25 March 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Food Packaging Machinery Market 2015-2019, which is expected to witness steady growth during the forecast period of 2014-2019 with a CAGR of 6.22 percent.
“Flexible packaging machinery and aseptic packaging machinery are more sought-after than rigid packaging machinery,” says Faisal Ghaus, Vice President of TechNavio.
“Integrated packaging machinery has more advantages such as ease of use, reduced delay in shifting goods from one machine to another, less packaging waste, and equipment standardization.”
Key Market Drivers
- Increased Demand for Advanced Packaging in Food Industry
- Growth of Packaged Food
- Advances in Technology
- Consumer Trends in Saturated Markets
- Point of Sale Differentiation
Key Market Trends
- Robotic Packaging Machinery
- Integrated Packaging Equipment
- Thinner Packaging Materials
- Modular Packaging Systems
Key Market Vendors
- Bosch Packaging Technology
- GEA Group AG
- Illinois Tool Works Inc.
- Multivac Inc.
- Tetra Laval
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
