Packaging Machinery Market Size, Analysis, Top Players, Target Audience and Forecast to 2027
Packaging Machinery Market Overview:
Packaging machinery is necessary for every aspect of packaging, from core packages to distribution packs. Packaging processes include fabrication, cleaning, filling, sealing, labelling, overwrapping, and palletizing. Due to factors like improved applications of packaging machinery in a variety of industries, including food and beverage, healthcare, cosmetics, and other consumer goods, as well as a range of industrial sectors where wrapping has become necessary, with usage growing in line with the global economy, the packaging machinery market has seen increased acceptance.
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The market is being driven by an increase in demand for packaging in consumer goods and logistics:
The rise in consumer products demand, the adoption of automated packaging equipment, and the development of energy-efficient machines are all driving demand for packaging technology. In comparison to older models, modern automated packaging machines are employed in various phases of packaging and ensure that the processes are completed in minutes rather than hours. Another significant issue that is driving the packaging machinery market is the increase in command for packaging robots from a diversity of end-user industries. Packaging machines are critical in guaranteeing product safety across the supply chain.
Packaging Machinery Market Segmentation:
The market is divided into types of filling, labelling, wrapping, cleaning, and sterilising machines as well as palletizing machines. With a 45.2% market share in 2020, the Filling Machines segment dominated the packaging machinery market. A fixed quantity, volume, weight, or count of the product is taken from a bulk supply and filled by filling machines into a variety of package shapes. Simple single-head mounted devices to sophisticated rotating fillers with multiple filler heads that can fill hundreds of containers per minute are all examples of filling equipment.
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Packaging Machinery Market Key players:
- SIG Combibloc Group Ltd. (Switzerland)
- Tetra Laval International S.A. (Switzerland)
- Krones AG (Germany)
- M.A. Industria Macchine Automatiche S.p.A. (Italy)
- Syntegon Technology GmbH (Germany)
- ProMach (U.S)
- GEA Group Aktiengesellschaft (Germany)
- Sacmi (Italy)
- Bradman Lake Ltd. (Russia)
- ROVEMA GmbH (Germany)
- Douglas Machine Inc. (U.S)
COVID-19 Impact on Packaging Machinery market:
Packaging Machinerys' market has been significantly impacted by the COVID-19 outbreak. The development of Packaging Machinery production facilities has been halted due to the global economic downturn and a labour shortage. Production utilisation has decreased significantly and steadily as a result of the COVID-19 pandemic. Additionally, travel restrictions and facility closures have prevented staff from visiting their facilities, which will limit the growth of the Packaging Machinery market in 2020. The market repercussions of COVID-19 are expected to be short-lived due to the high demand for Packaging Machinery, though. The industry is anticipated to fully recover by early 2021.
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