The escalating penetration of the internet coupled with digitalization across the globe is intensifying the online shopping market. Moreover, the rousting e-commerce sector and the presence of retailers on the online platform for the ease of customers and the benefits provided by the e-commerce companies such as discounts, attractive packaging, availability of several option is contributing to the online sales, therefore, contributing to the growth of the packaging machine market across the globe. Additionally, the rise in the disposable income and the change in dietary habits lead to the increasing demand for the processed and packaged food due to the ease of cooking and time constraints is the major contributor to the growth of the packaging machine market across the globe.
Besides, the increasing production in the industries such a pharmaceutical, chemicals and food and beverage industry coupled with the availability of the wide range of products offered by the manufacturers with the attractive packaging is contributing to the growth of the market.
According to the MarkNtel Advisors’ research report, “Global Packaging Machinery Market Analysis, 2020”, the global packaging machinery market is set to grow at a CAGR of around 5% from 2021-25. In 2019, the Asia-Pacific region grabbed the major market on account of the rising population and disposable income among end-users. Moreover, the intensifying e-commerce sector in the region is one of the key factors in the growth of the market.
Government Support for Food Safety to Propel the growth of Packaging Machines
The support from the government to the food and beverage industry and other industries such as consumer foods, pharmaceuticals, and chemicals is contributing to the growth of the packaging machine market. Also, numerous organizations such as the American National Standards Institute (ANSI) and European Committee for Standardization, etc. have launched several requirements for the packaging and labeling of the products. Further, this would help the growth of the packaging machine market. Also, countries such as China and Japan in the region are the manufacturer of affordable electronic goods. Also, India and Taiwan are the emerging markets for consumer goods which would make a significant impact on the global packaging machinery market.
By machinery, filling type dominated the market in 2019 on account of the wide application areas such as food and beverages, pharma, chemicals, etc. Moreover, the innovations by the companies with the packaging such as disposable bags, handy packets, bottles, etc. The demand for this type of packaging is majorly generating from the food industry on account of the increasing consumption of processed and packaged food to avoid wastage.so, the food industry dominated the market in 2019.
Portfolio expansion by the Companies to Make Competition higher
According to MarkNtel Advisors, the portfolio expansion by the companies is creating stiff competition among the players operating in the industry. The leading players in the industry are Robert Bosch GmbH, Salzgitter AG, Krones AG, Tetra Laval International S.A., etc. A few of the instances of the portfolio expansion by the companies are, A US-based packing company “ProMach, Inc.” announced the acquisition of Tech Corporation in 2018 to expand its coding solutions and labeling portfolio. Also, in the same year company, “KHS” USA announced the acquisition of “Scandia Packaging Machinery” to expand its packaging portfolio.
“Global Packaging Machinery Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the market potential, regional opportunities, key factors impacting sales and purchase decision, hotspots and opportunities available for packaging machinery providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go To Market Strategies and identifying the blue ocean for their offerings.
1. By Machine Type (Filling, Labeling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line)
2. By End- User (Beverages, Food, Labelling, Form-fill-seal, Cartoning, Wrapping, Palletizing, Bottling line)
3. By Region (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
4. By Competitors (Robert Bosch GmbH, Salzgitter AG, Coesia S.p.A, Krones AG, CKD Group, Bradman Lake Group, etc.)
Key questions answered in the study:
1. What are the current and future trends of the global packaging machinery market?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. What are the future plans and customer expectations of end-users across the globe?
4. How the competition has been shaping across the countries followed by their comparative factorial indexing?
5. What are the key growth drivers and challenges for the global packaging machinery industry?
6. What are the customer orientation, purchase behavior, and expectations from the global packaging machinery manufacturer across various regions?