Packaging Machinery Market Research Reports, Industry Analysis and Trends
The machinery used for packaging any consumer good is either automated or manually operated. There are various types of machineries that are used in the complete process of packaging. The demand for packaging machinery is larger in food packaging segment; with the growing demand for food products such as dairy, meat and bakery products, packaging has become extremely important factor for safe and secure transportation of such goods. The ageing population across the world has stimulated demand for packaged food with great visual appeal and easy-to-use feature; thus, creating huge demand in packaging machinery that complies with requirements of particular supplies.
The global packaging machinery market has witnessed the increase in mergers and acquisitions. However, the need to comply with stringent government regulations could pose a challenge to the growth of this market as the limitations in usage and implementation of certain machineries are fatal to environment; waste and non-recyclable materials being the issue. Industries such as Food & Beverage, Medical and Pharmacy, Chemical, Construction, Steel, IT and various others require packaging machineries in different areas of packaging their products; from label dispensers and barcode printers to industrial robot, induction sealing and plastic welding, all require machines to perform allotted tasks and minimize human effort.
The way packaging machinery has proved effective to use in critical demand is the efficiency with which they perform; in cases, such as labelling equipment, coding and marking, address the demand more accurately and with precision. The economic crisis has led to more people cutting down on budgets and increase consumption in their household. This has increased the demand for packaged products to be more in various demographics and affected positive growth in packaging machinery market. With so much demand and supply in market, according to Visiongain, the value of the global packaging machinery market will reach $152.76 billion by the end of 2013. In addition, there has been a change in consumer preferences and this has been reflected in purchasing patterns as consumers are looking for convenience and they are looking for good quality products at an affordable price.
Packaging Machinery Current Market Trends
Packaging machinery reduces human tasks to very minimum size. The distinct packaging machinery sector is utilized in segments including canning, container cleaning, bagging & packing, sealing, weighing & wrapping and various others for operation and processes in many industries. Demand for packaging machinery is majorly dominated by food market which will account for 43% share of all sales worldwide by 2014. Beverage market is expected to gain faster rate through 2014. The wider penetration of market has been in Asia where the projected demand is expected to come from the fact that the economy is much stable.
The Global demand for packaging machinery is projected to rise 4.7% annually through 2014 to $35.9 billion and forecast predict a substantial growth rate at 4.89% CAGR by 2016. One of the key factors being the increasing importance of packaging and hygienic qualities it brings in consumer goods segment. Sales growth will be mostly driven by the acceleration in manufacturing output, as the investments are foreseeing good profits worldwide. Gains in developing nations will be the dominant force behind advances in the global market for packaging machineries and equipment.
Major Packaging Machinery Players
Major players in packaging machinery industry are Elegant Engineers, Avi International Packaging Co, Frigmaires Engineers.