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The global packaging machinery market size is expected to reach USD 52.83 billion by 2027. The growing consumer inclination towards branded products is expected to back the growth of this market, mentioned in the report, titled “Packaging Machinery Market Size, Share & COVID-19 Impact Analysis, By Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Fill & Deal, Labelling, Decorating & Coding, Palletizing, Wrapping & Bundling and Others), By End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals and Others) and Regional Forecast, 2020-2027.” The market size stood at USD 40.08 billion in 2019 and is expected to exhibit a CAGR of 3.6% between 2020 to 2027.
Launch of VELTEKO’s New Specialized Vertical Packaging Machines to Boost Growth
VELTEKO, a major player in vertical packaging machines with high-tech, individual, efficient, reliable, and versatile solutions announced that it has introduced two new specialized vertical packaging machines DOYPACK-360 and PRIME-360. DOYPACK-360 is designed for DOYPACK to bags packaging of high-quality products. DOYPACK-360 is the best performance machinery forming, filling, and sealing of DOYPACK bags. It features a robust body made from the highest quality materials and components to deliver the top-quality look, and most smoothly sealed DOYPACK bags for the market. Whereas, the PRIME-360 encompasses advanced VELTEKO technology to offer exceptionally improved performance for product packaging. The strong machine utilizes quality materials and branded components to ensure quality packaging. The PRIME-360 is manufactured in the Czech Republic to offer reliable productivity and service during production.
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Rising Implementation of Overall Equipment Effectiveness (OEE) Technique to Foster Growth
The growing implementation of automation techniques in the packaging machinery industry is expected to enable the growth of the market. The growing knowledge about lean packaging operation and overall equipment effectiveness (OEE) technique control in packaging processes will bolster the healthy growth of the market. The inflated demand for packaged foods, medicines, and drugs will necessitate the need for lean packaging operations, which, in turn, will accelerate the growth of the market. Nonetheless, the emerging E-commerce companies in India, Indonesia, China are expected to boost packaging operations, in turn, aiding the growth of the market.
Emphasis on High-end Packaging Solutions by Industry Players to Aid Development
The major players such as Krones AG, Robert Bosch Packaging Technology GmbH, and Coesia S.P.A are focused on manufacturing smart and innovative packaging machinery with enhanced services for its customer base. For instance, Coesia S.P.A offers industrial, packaging, and automated industrial process solutions for Pharmaceutical, Aerospace, Tobacco, Consumer Goods, and Electronics industrial applications. The ongoing product development by major companies is likely to enhance the potential of the market in the forthcoming years.
The Report Lists the Main Companies in the Packaging Machinery Market:
Further Report Findings:
The Market for Packaging Machinery is Segmented into:
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
Unit | Value (USD billion) |
Segmentation | By Machine Type
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By End-User
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By Region
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