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Packaging machinery market

Packaging machinery market size will grow at CAGR of 6.7% to reach $62,063 million by 2023. Food industry accounts more than 50% along with the beverage sector.

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Packaging machinery market

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  1. Packaging Machinery Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2017-2023 Global Opportunity Analysis And Industry Forecast, 2017-2023

  2. Global Packaging Machinery Market Overview • Packaging Machinery Market size in 2016 was valued at $39,647 million growing at CAGR of 6.7% to reach $62,063 million by 2023. Packaging machinery market has witness increased adoption owing to factors such as increase in applications of packaging machinery in a wide range of industries across food and drink, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with its usage increasing broadly in line with the global economy. • Download Sample Report: • Packaging machinery is used for a wide variety of functions that includes canning; container cleaning, filling, and forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection and check weighing, wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications. The demand for packaging machinery is largely driven by the increasing consumer goods demand, increasing adoption of automated packaging machines, and development of energy efficient machines. Modern automated packaging machines are used in different stages of packaging and ensure that the stages are completed in minutes rather than hours compared to the older versions. The other key factor driving the market for packaging machinery is the increasing demand for packaging robots from several end-user industries. Packaging machines play a vital role in ensuring product safety throughout the supply chain.

  3. Top Impacting Factors • Some of the significant factors impacting the global packaging machinery market include development of innovative and energy efficient packaging machinery, increasing usage of automation in the packaging industry, rise in global consumption of consumer goods, increasing usage of vacuum packaging machines, Eurozone economic uncertainty, and stringent government regulations. With the increase in need for automation in various industry verticals, the use of packaging machinery has multiplied significantly. Organizations adopt automated palletizing machines, wrapping machines, and cartoning machines, among others to automate their packaging process to deliver high-quality products, increase their manufacturing capabilities, serve customers better, and efficiently manage their processes. This factor encourages organizations to adopt such types of packaging machinery. • However, developing economies have observed a rise in demand for different products, which results in increased demand for packaging machines across different application segments such as food & beverages, consumer products, and pharmaceutical segments.

  4. Key Benefits • This study provides an in-depth analysis of the global packaging machinery market along with current trends and future estimations to identify potential investment pockets for stakeholders. • It presents information regarding key drivers, restraints, and opportunities along with their impact analysis. • Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, strength of the suppliers, and the degree of competition. • A quantitative analysis of the current market and estimations from 2016 to 2023 has been provided to highlight the financial competency of the market.

  5. Packaging Machinery Market Key Segments The Global Packaging Machinery Market Is Segmented On The Basis Of Type, End-use Industries & Geography

  6. By Geography • North America • U.S. • Canada • Mexico • Europe • Russia • Germany • UK • France • Italy • Rest of Europe • Asia-Pacific • China • India • Japan • Australia • Rest of Asia-Pacific • LAMEA • Middle East • Latin America • Africa

  7. Key Players

  8. Contact Us • David Correa • 5933 NE Win Sivers Drive • #205, Portland, OR 97220 • United States • Toll Free (USA/Canada): • +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 • UK: +44-845-528-1300 • Hong Kong: +852-301-84916 • India (Pune): +91-20-66346060 • Fax: +1-855-550-5975 • help@alliedmarketresearch.com • Web: https://www.alliedmarketresearch.com

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