The global beverage packaging machinery market was valued at USD 9 billion in 2016 and is expected to surpass USD 13 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global beverage packaging machinery market, under its engineering tools portfolio. This market analysis discusses the key drivers and emerging trends and offers a competitive analysis of key vendors like Tetra Laval, Bosch, GEA, and Krones.
According to Anju Ajaykumar, a lead analyst for engineering tools research at Technavio, “The rise in the consumption of low-calorie and natural ingredient soft drinks will drive growth in the global beverage packaging machinery market. The growth in health consciousness among consumers has boosted demand for low and zero fat soft beverages across the globe. People who are trying to lose weight are the major consumers of low-calorie soft drinks and other products.”
In November 2016, Tesco announced a reduction in sugar, fat, and salt content in all its brands of soft drinks, to provide people with healthier choices of drinks. Innovation in soft drinks is considered to have a direct impact on the consumption patterns of consumers. Currently, consumers are looking for drinks made with natural ingredients that are suitable to their needs and lifestyles. Therefore, the introduction of natural ingredients as substitutes and low-calorie drinks can boost market demand for a soft drink and natural drink, thereby driving the beverage packaging machinery market.
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Growing use of robotic packaging machinery
Fully automated robotic packaging machinery provides flexibility on throughput in volume and consistency. Robotic machines are equipped with advanced monitoring and control capabilities to maintain packaging lines and reduce energy consumption. Technologically advanced robotic machinery uses real-time data collected from different machines and the entire packaging line to optimize output. Robotic packaging machinery also offers the various advantages, which include reduced wastage of packaging material, factory footprint, and timely rectification of operational problems.
Rising numbers of domestic shipments of packaging machinery
The US is one of the largest markets for packaging machinery where the value of domestic shipments of packaging machinery is expected to increase by 2020. The increase in shipments of packaging machinery is mainly due to the decorating and coding, labeling, and case handling machinery types. The pharmaceutical sector and beverages industry are the key drivers of packaging machinery market in the US. Some factors like changing consumer habits, new regulations, and economic development are fueling market growth in this sector.
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This research report includes an in-depth analysis and market sizes and shares of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Beverage Packaging Machinery Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Beverage Packaging Market 2017-2021
- Global Food and Beverage Packaging Machinery Market 2016-2020
- Global Packaging Machinery Market 2016-2020
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