Sunday, September, 15, 2019 02:28:09

By 2024, Packaging Equipment Market Asia Pacific to surpass USD 18 billion

Asia Pacific packaging equipment market is expected to witness a steady growth due to the rise in the number of pharmaceutical companies over the forecast timeframe. The economies such as India, South Korea, China, and Japan have been increasingly shifting toward the adoption of smart solutions in manufacturing. Furthermore, the continent, as a whole, is driven by a strict regulatory landscape mandating pharma companies to adhere to certain rules, further augmenting the regional packaging equipment industry.

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The Europe Packaging Equipment Market is witnessing a high growth owing to the rise in the demand for integrated solutions, changing consumer trends, and ecological requirements. FFS and palletizing machinery are experiencing a high adoption rate in several industrial sectors. Integrated technologies and multi-functional solutions offered by these machines are helping the factories in simplifying their processes. The application of this equipment in the food & beverage sector owing to the growing demand for packaged food is driving the growth of the Europe packaging equipment market. A strong customer base and the extensive adoption of technology are attracting several companies to invest in the region, thereby driving the Packaging Equipment Market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  1. ACG Worldwide
  2. Adelphi Packaging Machinery
  3. Alfa Laval
  4. B&H Labelling Systems
  5. Barry-Wehmiller Companies Incorporated
  6. BEUMER Group GmbH & Company KG
  7. Buhler AG
  8. Coesia SpA
  9. Coperion GmbH
  10. Fuji Machinery Company Limited
  11. GEA Group AG
  12. Graphic Packaging Holding Company
  13. Guangzhou Tech-Long Packaging Machinery Co., Ltd
  14. Hangzhou Youngsun Intelligent Equipment Company Limited
  15. Illinois Tool Works Incorporated
  16. Industria Macchine Automatiche SpA
  17. Ishida Company Limited
  18. KHS GmbH
  19. Körber AG
  20. Krones AG
  21. KUKA AG
  22. Multivac Sepp Haggenmüller GmbH & Company KG
  23. Robert Bosch GmbH
  24. Sato Corporation
  25. Schneider Electric SA
  26. Selovac Indústria e Comércio Limitada
  27. Serac UK
  28. Tetra Laval International
  29. The Bradman Lake Group
  30. VELTEKO s.r.o.

Labeling machines are experiencing a high growth in the Packaging Equipment Market owing to a rise in the demand for digitalized printing techniques. The growing demand for personalization and customization of the product labels for offering information related to the features and ingredients is growing rapidly. This is encouraging the manufacturers in developing machines that are integrated with technologies to cater to such customer demands. Rotary stickers are widely being used in the beverage industry for labeling PET bottles, which are used for the packing of cold drinks, juices, milkshakes, and energy drinks. The increasing consumption of these beverage items is driving the adoption of rotary stickers for advertising these products, thereby propelling the packaging equipment market.

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The pharmaceutical Packaging Equipment Market is witnessing a high growth owing to a rise in the demand for automated, flexible, and integrated packaging lines from the industry. Manufacturers are targeting the need for developing novel drug delivery solutions. Several regulatory changes regarding packaging of medical products are also expected to drive the industry growth. Some of these regulations are anti-tampering, labeling, and pharmacopeia standards. Developed countries including China, India, and Brazil are experiencing a high demand for this equipment owing to the improving economic conditions of the people and increasing investments by major pharmaceutical companies.

Packaging Equipment Market is expected to exceed USD 47 billion by 2024. A rise in the adoption of plastic packing solutions for personal care and cosmetic products is driving the packaging equipment market growth. The industry players are shifting toward sustainable solutions by replacing plastic with biopolymers to improve their ecological footprint. Moreover, a rise in the demand for products and goods having a long shelf-life is driving the demand for innovative packaging machinery. Technological advancements are a major trend in the packaging industry with manufacturers collaborating with technology providers to offer their customers advanced packaging solutions.

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Key players operating in the packaging equipment market are Kerber AG, Robert Bosch GmbH, Multivac Group, Barry-Wehmiller Companies, Inc., Coperion GmbH, ACG Worldwide, Graphic Packaging Holding Company, Accutek Packaging Equipment Companies, Inc., GEA Group, Aetna Group, B&H Labeling Systems, Krones Group, and Illinois Tool Works, among others. Players are integrating several technologies in their offerings, which will simplify the industrial processes. The integration of robotics, sensors, and IoT in the machines to provide mobile connectivity, monitoring and control is improving the overall productivity and efficiency.