Packaging Machinery Market Size Growth, 6% CAGR, Future Scope, Research Report and Industry Forecast by 2023 | Global Packaging Machinery Market Size Information by Type (Form Fill Seal, Labelling & Coding, Closing & Sealing, Wrapping & Bundling and others), by End–User (Food, Beverages, Pharmaceutical, Personal care, and others) And Region - Forecast To 2023
Packaging Machinery Market Overview
Market Research Future (MRFR), asserts in its newly published research report, that the global Packaging Machinery Market Size is thriving and expected to grow exponentially by the end of the review period. MRFR also predicts that the Packaging Machinery Market Size might reach a substantial market value, registering about 6% CAGR throughout the period.
The global Packaging Machinery Market Size is a relatively dynamic market and is likely to witness significant growth over the review period. The global Packaging Machinery Market Size is fueled by the growing demand from various industries such as beverages, food, pharmaceutical, personal care, among others. There has been high reliability on the packaged ready to eat products. This is backed by the growing populace, automation and increase in investments by packaging machinery companies, which have led to the growth of the Packaging Machinery Market Size. The growing demand for packaging robots from various end-user industries is also expected to drive the growth of the global Packaging Machinery Market Size over the assessment period. The other vital factors contributing towards the growth of the Packaging Machinery Market Size are the growing usage of automation in the packaging industry, rising consumption of consumer goods, advancements in the technology of energy-efficient machinery for packaging, the expanding use of vacuum packaging machines and the introduction of stringent government regulations for promoting environmentally friendly packaging.
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Automated Packaging Systems (U.S.)
Bosch Packaging Technology (U.S.)
Illinois Tool Works Inc. (U.S.)
GEA Group AG (Germany)
Krones AG (Germany)
Graphic Packaging Holding (U.S.)
Dover Corporation (U.S.)
Mamata Enterprises (India)
Nordson Corporation (U.S.)
MULTIVAC Group (U.S.)
Pro Mach, Inc. (U.S.)
Tetra Level International (Switzerland)
Sato Holdings Corporation (Japan)
Reynolds Group Holdings (New Zealand), among others.
Packaging Machinery Market Segmental Analysis
The segmentation for the global Packaging Machinery Market Size is analyzed on the basis of end user and type. On the basis of end-users, the segment comprises of beverages, pharmaceutical, food, personal care, and others. Among all the end-use industries, the food and beverage segment is expected to grow at the highest CAGR. Packaging is a necessity for the safety of the food and beverage goods, since there is a higher concentration of perishable products produced by the food and beverage industry. and it also plays an essential role in the products marketing mix. Hence, food and beverages industry together are expected to contribute optimally to the growth of the Packaging Machinery Market Size over the foreseeable future. On the basis of type, the segment includes labelling & coding, form fill seal, wrapping & bundling, closing & sealing, and others.
The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa). The Asia Pacific region is slated to dominate the Packaging Machinery industry globally. The development of the industry can be attributed to the existence of a large number of personal care products and food & beverage market players in the region. The North American region is also poised to develop significantly in the packaging machinery industry owing to the presence of competitors in a higher concentration in the industry.
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