Quadintel published a new report on the Packaging Equipment Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Packaging Equipment Market to reach USD 51.06 Billion by 2027.Global Packaging Equipment Market is valued approximately at USD 41.52 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2021-2027.
Packaging equipment are machineries used for packaging products. It is used in packaging operations and processes such as fabrication, cleaning, filling, sealing, combining, labelling etc. Increase in awareness about retaining product quality and sustainability is driving the growth of the market.
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The increased consumption of ready to eat food and rise in disposable income of consumers has increased the growth of the sector. But the governments have imposed certain rules and regulations for packaging and safety which slowdowns the growth of the sector. For instance, in its new packaging regulation, FSSAI laid down certain standards such as: – the paper and board material should be of uniform thickness and specific substance, the packaging shall be free from holes, blemishes, grease marks etc. Also, intelligent packaging requires high capital investment compared to traditional packaging machines which is a restraining factor. Technologies such as 3D printing intelligent packing, IoT, fully automatic machines are penetrating the market and giving opportunities to it. The 3D printing technology produces food products combined with packaging. For example, US company smart cups have a range of 3D printed 3D cups which produce energy drink when mixed with water because the ingredients are embedded in packaging.
By region the market for global Packaging Equipment Market is segmented into key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. European region holds the largest market share in 2020 and Germany being the fastest growing country in the region. The demand in the region is majorly driven by high pharmaceutical production and demand for pharmaceutical manufacturers and rising product diversification.
The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.
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Major market player included in this report are
Aetna Group S.p.A. B&H Manufacturing Company, Inc. Barry-Wehmiller Companies, Inc. CKD Corporation Coesia S.p.A. Duravant LLC Fuji Machinery Co., Ltd. Langley Holdings plc Robert Bosch GmbH The Adelphi Group of Companies
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type: Filling Machines Form, Fill and Seal (FFS) Machines Cartoning Machines Palletizing Machines Labelling Machines Wrapping Machines Cleaning & Sterilizing Machines
By End User: Food and Beverages Pharmaceuticals Chemicals Cosmetics Others
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By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019 Base year – 2020 Forecast period – 2021 to 2027.
Target Audience of the Global Packaging Equipment Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
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Market Overview Market Definition and Scope Market Dynamics Market Industry Analysis Market, Regional Analysis Analysis of Leading Companies Competitive Intelligence Research Process Market Analysis and Forecast, By Product Types
What is the goal of the report?
The market report presents the estimated size of the Market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analysis the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report. The report offers the present scenario and future growth prospects Market in various geographical regions. The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered. The SWOT analysis is conducted along with Porter’s Five Force analysis. The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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