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Packaging Machinery Market to Reach USD 52.83 billion by 2027; Rising Proclivity for Lean Packaging Operations Among OEMs to Promote Growth

September 03, 2020 | Machinery & Equipment

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.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/packaging-machinery-market-101806


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:



  • Krones AG (Bavaria, Germany)

  • Robert Bosch Packaging Technology GmbH (Baden-Württemberg, Germany)

  • Coesia S.P.A. (Bologna, Italy)

  • I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)

  • Salzgitter AG (Salzgitter, Germany)

  • BW Packaging Systems (Illinois, U.S.)

  • Viking Masek Global Packaging (Wisconsin, U.S.)

  • Nichrome Packaging Solutions (Maharashtra, India)

  • Asian Packing Machinery Pvt. Ltd. (Haryana, India)

  • Aagard Group, LLC (Minnesota, U.S.)

  • MG America (New Jersey, U.S.)

  • Mollers North America (Michigan, U.S.)

  • Kalamazoo Packaging Systems (Michigan, U.S.)

  • Frain Industries, Inc. (Illinois, U.S.)

  • Sun Packaging Technologies, Inc. (Florida, U.S.)

  • VELTEKO s.r.o. (Central Bohemian, Czech Republic)

  • BLAŽEK (Central Bohemian, Czech Republic)

  • The Adelphi Group of Companies (West Sussex, U.K.)

  • Fuji Machinery Co., Ltd. (Aichi Prefecture, Japan)

  • SAMPACK India Pvt. Ltd. (Tamilnadu, India)

  • UnionPack International Co., Ltd. (Zhejiang, China)


Further Report Findings:



  • Regional Analysis: The Middle East and Africa is expected to account for the lion’s share during the forecast period owing to the enormous investments in the logistics and transportation industry. For instance, Saudi Arabia's government launched a program, ‘Vision 2030’ that focuses on investing a huge amount into its infrastructural, industrial, and tourism sector.

  • Leading Segment: The food sub-segment is expected to hold the largest share in the global market during the forecast period owing to the rising demand for packaged food around the world. Moreover, the case handling sub-segment is expected to account for a significant share due to its usage in carrying goods and products safely in warehouses.


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



  • Bottling line

  • Cartoning

  • Case Handling

  • Closing

  • Filling & Dosing

  • Form, Fill & Deal

  • Labelling, Decorating & Coding

  • Palletizing

  • Wrapping & Bundling

  • Others (Inspection Machines, Specialty Machines, Etc.)



By End-User



  • Food

  • Beverages

  • Pharmaceuticals

  • Personal Care and Toiletries

  • Household, Industrial and Agricultural Chemicals

  • Others (Garments, Labeling, Electronics, Tobacco, etc.)



By Region



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)


Packaging Machinery Market
  • PDF
  • 2019
  • 2016-2018
  • 120

    CHOOSE LICENSE TYPE

  • 4850
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