Packaging Machinery Market Global Trends, Key Vendors & Forecast to 2030
The global Packaging Machinery Market is projected to grow at a CAGR of 6% during the forecast period
The global Packaging Machinery Market is projected to grow at a CAGR of 6% during the forecast period. As per the packaging machinery market research report, the global market for packaging machinery is projected to grow swiftly. According to analysts, rising demand from various industries as well as adoption of automation processes will drive the market growth during the forecast period. The packaging machinery market research report offers a comprehensive analysis of the global packaging machinery market and its type, region, and end-users segments. The fluctuating raw material prices along with concerns regarding supply chain are the elements that could influence the packaging machinery market advancement throughout the forecast period. The packaging machinery market research report by expert analysts is developed to assist organizations in the packaging machinery market.
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Packaging Machinery Market – Segments
The report is segmented into three dynamics;
By Type : Form Fill Seal, Labeling & Coding, Closing & Sealing, Wrapping & Bundling, and others.
By End–User: Food, Beverages, Pharmaceutical, Personal care, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
North America, Europe, Asia Pacific and the rest of the world regional market for packaging machinery are predominantly covered in the global packaging machinery market research report. Country-level packaging machinery markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level packaging machinery markets are covered in the report. In Asia-Pacific (APAC) region, the country-level packaging machinery markets covered are Japan, India, China, and others. The packaging machinery market research report also explores the regional market for packaging machinery present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The packaging machinery market research report also covers regional markets from the rest of the world alongside packaging machinery markets of Africa and the Middle East.
Strategic initiatives such as mergers and acquisitions are presumed to drive the packaging machinery market growth worldwide. The global packaging machinery market could be challenged by complex policies, nevertheless, organizations in the packaging machinery market will carry the growth rate forward. The packaging machinery market research report presents company profiles of major companies active in the packaging machinery market globally. Furthermore, the global packaging machinery market report offers an all-inclusive analysis of the market collected from the packaging machinery market’s primary and secondary sources covering both decision makers and thought leaders. The packaging machinery market research report highlights such key areas assisting businesses operating in the packaging machinery market to build better growth strategies.
Players leading the global packaging machinery market include Illinois Tool Works Inc. (US), Barry-Wehmiller (US), Krones AG (Germany), GEA Group AG (Germany), Bosch Packaging Technology (US), Automated Packaging Systems (US), Graphic Packaging Holding (US), Dover Corporation (US), Mamata Enterprises (India), Nordson Corporation (US), MULTIVAC Group (US), Pro Mach, Inc. (US), Tetra Level International (Switzerland), Sato Holdings Corporation (Japan), and Reynolds Group Holdings (New Zealand), among others.
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Innovation/ Industry/Related News:
September 09, 2020 ---- Mpac Group plc (the UK), a leading global provider of packaging solutions and support services, announced the acquisition of a US-based supplier of packaging machinery & automation solutions - Switchback Group. The acquisition represents a compelling fit with Mpac's strategic intent of being a market leader in providing comprehensive packaging solutions for the pharmaceutical, healthcare, and food and beverage sectors. Mpac's cartoning and end-of-line solutions provide a platform to further build the UK-headquartered company's business in the US.
ProMach, a provider of packaging machinery solutions based at Cincinnati, said it had acquired Serpa Packaging Solutions, a cartoning and end-of-line systems provider from Visalia, Calif., for the nutrraceutical, dairy, cosmetics and personal services industries. Additional to Serpa, automated cartoning systems are integrated into the ProMach range and the ProMach advanced secondary packaging equipment and line integration capabilities are considerably extended.
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