This research report offers market growth and revenue forecast for the packaging equipment market in North America until 2019. It provides an in-depth analysis of the market with segmentations and market shares based on product types (filling equipment, labelling and coding, sealing, and wrapping). The leading vendors detailed in the report include Barry Whemiller, Coesia, Mamata, Nordson, and Pro Mach.
Technavio has released updated information on the packaging market, with the publication of its new report, packaging equipment Market in North America. The packaging equipment market in North America is expected to grow at a CAGR of around 3% between 2015 and 2019, owing to the increasing number of new products being introduced into the market with different packaging requirements.
The packaging equipment market in North America is dominated by the food industry accounting for around 40% of the market shares. The need for advanced packaging and ready-to-carry packaging in this industry is fuelling the market growth. This segment is expected to grow even faster over the next four years, resulting in a robust demand for packaging equipment. Advanced packaging is significantly adopted to increase the shelf life, extend the freshness, and improve the quality and convenience of food products.
Packaging equipment market in North America by End-users
Source: Technavio Research
“Manufacturers are introducing advanced features like conditional monitoring in packaging equipment. This technology enables packaging machineries to supervise its operations like temperature measurement, integration safety and vibration measurement, through increased level of automation. Further, vendors are developing next-generations packaging machineries by providing HD touch screen displays for supervisory control and data acquisition and furnishing packaging equipment with advanced designs and simulation tools,” says Sriram Mohan, Lead Analyst, Transportation & Logistics, Technavio Research.
The leading vendors in the North American packaging equipment include Barry Whemiller, Coesia, Mamata, Nordson, and Pro Mach. The market is characterized by the presence of well-diversified international, as well as local and regional vendors. Currently, the vendors are focusing on the growing demand for packaging emerging out of the e-commerce space like online retail websites and shopping apps. It has emerged as a key revenue contributor for the packaging market in North America.
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