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Pune, India, February 12, 2016/PR Newswire/PR iReach/-According to the packaging machinery market report, multiple packages are available in multiple formats, including cardboard packaging paper, cartons, corrugated fiberboard, high-density polyethylene plastic handles, Cardboard basket, six pack ring and shrink wrap. Due to the ever-increasing demand to meet production capacity, machinery used in the market has been introduced with features such as enhanced automation, integrated systems, and shorter turnaround times. Analysts predict that the global packaging machinery market will grow at a compound annual growth rate of 5.34% during 2016-2021.
Because packaging materials help to make them have a long storage life, increase the safety of the content, and increase their demand will lead to the growth of the packaging machinery market during the forecast period. In addition, factors such as high labor costs and taxes will drive the adoption of fully automated packaging machinery during the estimated period.
Weidebao Packaging Machinery
In terms of geography, the Americas will be the largest packaging machinery market during the forecast period. This region currently accounts for more than 35% of the market share. By 2020, the presence of major manufacturers in this region will further enhance their market retention. Since most of the leading manufacturers of packaging equipment are located in this region, there are high M&A activities during the estimation period to promote market growth prospects in this region.
Based on the type of segmentation and packaging machinery market analysis-forming, filling and sealing (FFS), labeling and coding, packaging closing and sealing and packaging, bundled in this packaging machinery market survey, analysts estimate that FFS machines will become popular in the forecast period The most products. The growing demand for FFS machines from snacks and other convenience food segments is a significant factor that will drive growth in this segment of the market during the forecast period. The capacity of these machines to produce small single service packages and smaller partial packages will support their adoption by 2020.
End-user segmentation and packaging machinery market analysis-Food, beverage, pharmaceutical and personal care chemical global packaging machinery market research analysts estimate factors in the food sector in 2021, such as increasing urbanization and increased domestic consumption during the forecast period Incite the growth of the food sub-industry to account for more than 34% of the total market share.
The global packaging machinery market is highly fragmented due to the existence of a good diversified international, regional and local suppliers. Although there are many local and regional players in this market, they find it increasingly difficult to compete with international manufacturers in terms of product quality, durability and reliability.
The main suppliers analyzed in the packaging machinery market report are Barry Wehmiller, Coesia, Illinois Tool Works, Krones, Bosch Packaging Technology and GEA. Other well-known manufacturers in the market include Automatic Packaging Systems, Dover, Graphic Packaging Holdings, Mercy Enterprise, Martivac, Nordson, Promach, Sato, Lee International, and Renault Group. In addition, the packaging machinery market report pointed out that the problems faced by packaging equipment manufacturers are relative to the customer's demand for low-cost packaging machinery, because they must maintain their own profit margins, standards and equipment quality.
Another related report is the global frozen food packaging market from 2016 to 2020. Analysts predict that the global frozen food packaging market will grow at a compound annual growth rate of 4.78% during 2016-2021. Sustainable and environmentally friendly products will help to gain popularity during the forecast period because such products can reduce food waste. The use of these packaging materials helps to save energy and reduce carbon emissions. Companies are increasingly using recycled polyethylene terephthalate (PET) to package food products. Certain packaging materials, such as plastics, are non-degradable and therefore harmful to the environment.