London, 29 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Packaging Machinery Market in China 2014-2018, which is expected to grow at a CAGR of 7.64 percent during the period 2013-2018.
“Companies are now increasingly focusing on reducing the emission of greenhouse gases and differentiating their products from their competitors,” says Faisal Ghaus, Vice President of TechNavio.
“Government regulations on environment protection and ideas to reduce energy costs will help in the development of green machines.”
Key Market Drivers
- Increased Demand from E-commerce Companies
- Increased Demand for Smart Packaging in Food Industry
- Increased Demand from Non-food End-users
- Increasee in Volume of Manufacturing Output
Key Market Trends
- Development of Green Machines
- Increased Use of Nanotechnology
- Growth of Sustainable Packaging
- Increase in Number of M&As
Key Market Vendors
- Guangzhou Tech-Long Packaging Machinery Co Ltd.
- Hangzhou Youngsun Intelligent Equipment Co Ltd.
- J.S. Corrugating Machinery Co Ltd.
- Newamstar Packaging Machinery Co Ltd.
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%…
