Pune, India, April 19, 2021 (GLOBE NEWSWIRE) – The global market for packaging machinery is projected to reach $ 52.83 billion by 2027, showing a CAGR of 3.6% over the forecast period. The continued demand for packaged food, drugs and other products will effectively contribute to market growth, according to Fortune Business Insights in a report titled “Packaging machine market Impact analysis on size, proportion and COVID-19, by machine type (bottling line, cartoning, box handling, closing, filling and dosing, pattern, filling and arranging, marking, decorating and coding, palletizing, wrapping and binding, etc.) End user (food, beverages, pharmaceuticals, personal care and toiletries, household, industrial and agricultural chemicals, etc.) and regional forecast, 2020-2027. ” The market size was $ 40.08 billion in 2019.
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The coronavirus incident has resulted in huge damage to all industries around the world. The governments of several countries have encouraged the blockade to prevent the spread of this deadly virus. Such plans caused disruptions in the production and supply chain. But with time and resolution, we will be able to fight this tough time and get back to normal. Our well-audited reports will help companies get detailed information about the current scenario of each market so that you can adopt the necessary strategies accordingly.
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Packaging Machine Market Report includes:
- Extensive study of segments
- Highlighted data on key players
- Development of market trends
- Vital insight into the regions
- Impact of COVID-19 on industry
To learn more about the short-term and long-term impact of COVID-19 on this market,
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High demand from the transport industry to boost growth
Growing demand for packaging in logistics and transportation can be a vital factor driving market growth. Various logistics and transportation companies require packaging machines to wrap and pack their goods and merchandise before shipment. The rapidly developing logistics and transport industry is expected to have a huge impact on the global market over the forecast period. Packaging ensures the safety of products and shipments during transport. In addition, a thriving e-commerce industry is expected to boost market opportunities in the foreseeable future.
An increasing shift towards e-commerce towards raising the packaging industry in the midst of COVID-19
Disruptions in the supply chain of various sectors have also affected the packaging industry. Manufacturers restrict the workforce in production facilities due to regulations imposed by governments. However, the implementation of advanced techniques by OEMs to increase production capacity will portend good for the market. Similarly, an increase in consumer propensity for e-commerce due to the outbreak will significantly accelerate industry revenue.
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Huge investments in the manufacturing sector will benefit the market in the Asia-Pacific region
The market in the Asia-Pacific region was $ 13.34 billion and is expected to open the largest share due to large investments in the manufacturing sector. Increasing government support in countries like India and China is expected to allow the market to expand rapidly. North America and Europe are expected to witness a steady growth rate over the forecast period due to the weak adoption of packaging machines in the regions.
February 2019: BLAŽEK announced the launch of the fully automated ‘AMS 10-05 manipulator’, as an addition to the product range. The high-performance equipment is equipped with a FESTO drive and a control system that ensures fast operation.
The report lists key companies in the packaging machinery market:
- Coesia SPA (Bologna, Italy)
- IMA INDUSTRIA MACCHINE AUTOMATICHE SPA (Bologna, Italy)
- Salzgitter AG (Salzgitter, Germany)
- Viking Masek Global Packaging (Wisconsin, USA)
- Nichrome Packaging Solutions (Maharashtra, India)
- Asian Packing Machinery Pvt. Ltd. (Haryana, India)
- Aagard Group, LLC (Minnesota, USA)
- North America Mollers (Michigan, USA)
- Kalamazoo Packaging Systems (Michigan, USA)
- Frain Industries, Inc. (Illinois, USA)
- Sun Packaging Technologies, Inc. (Florida, USA)
- VELTEKO sro (Central Bohemia, Czech Republic)
- BLAŽEK (Central Bohemia, Czech Republic)
- Adelphi Group of Companies (West Sussex, UK)
- Fuji Machinery Co., Ltd. (Aichi Prefecture, Japan)
- SAMPACK India Pvt. Ltd. (Tamilnadu, India)
- UnionPack International Co., Ltd. (Zhejiang, China)
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- Definition, by segments
- Research methodology / approach
- Data sources
- Market dynamics
- Macro and micro economic indicators
- Drivers, limitations, opportunities and trends
- Impact of COVID-19 on the packaging machine market
- Short-term impact
- Long-term impact
- Landscape Competition
- Business strategies adopted by key players
- Consolidated SWOT analysis of key players
- Analysis and matrix of global market share, 2019
- Market insight and analysis of key packaging machines by segments
- Global packaging machine market analysis, insight and forecast, 2016-2027
- By machine type (value)
- Bottling line
- Case handling
- Filling and dosing
- Form, fill in and offer
- Marking, decorating and coding
- Wrapping and joining
- Other (inspection machines, special machines, etc.)
- End user (value)
- Personal care and toiletries
- Household, industrial and agricultural chemicals
- Other (clothing, stationary products, electronics, tobacco, etc.)
- By geography (value)
- North America
- Middle East and Africa
- Latin America
- By machine type (value)
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