MarketReserchReports.biz has recently announced the addition of a market study " Global Packaging Machinery Market 2016-2020"
About Packaging Machinery
Packaging machinery provides assistance in packaging products before they are dispatched for storage and distribution networks. It is used in the primary and secondary packaging of food, beverage, and pharmaceutical and personal care products. Primary packaging is an important part of the marketing mix as it has a strong impact on the buying decision. In addition, packaging machinery is widely used for filling, labeling, coding, and wrapping products.
There are two types of packing machines, automatic and manual. There is increasing demand for automatic machines in the packaging industry, as they can improve the efficiency of manufacturing procedures and make the process easier. Such packing machines reduce labor costs, provide better working conditions, and improve efficiency.
Technavios analysts forecast the global packaging machinery market to grow at a CAGR of 5.34% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaging machinery market for the period 2016-2020. To calculate the market size, the report considers revenue generated from sales of the following machineries:
Form fill seal (FFS) machinery
Labeling and coding machinery
Closing and sealing machinery
Wrapping and bundling machinery
Other packaging machinery
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Technavio's report, Global Packaging Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Barry-Wehmiller
Bosch Packaging Technology
Coesia
GEA Group
Illinois Tool Works
Other prominent vendors
Automated Packaging Systems
Dover
Graphic Packaging Holding
Mamata Enterprises
Multivac
Nordson
Pro Mach
Sato
Tetra Level International
Reynolds Group
Market driver : Upgradation to modular packaging machine
Market challenge : Competitive pressures for small vendors
Market trend :Rising use of multipacks
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