August 21, 2018 05:00 ET | Source: Global Market Insights, Inc Global Market Insights, Inc
Selbyville, Delaware, Aug. 21, 2018 (GLOBE NEWSWIRE) --
Packaging Equipment Market share is expected to cross USD 47 billion by 2024, says a new Global Market Insights, Inc. report featuring key industry trends across the product, application, and regional landscape.
Increasing adoption of automation in several industrial sectors has significantly pushed the worldwide packaging equipment industry growth. Another pivotal factor that has had a significant impact is the escalating demand for packaging robots that ensure efficient time management and product safety across the value chain.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2829
As per the report, the F&B sector accounted for 55% of the packaging equipment market share in 2017. Massive product demand due to substantial increase in spending on a range of ready-to-eat & processed food products will further support the segment growth.
With China, India, and Japan at its foray, the Asia Pacific packaging equipment market has been projected to exceed the remuneration portfolio of USD 18 billion by 2024. The region is also expected to witness steady growth with the rising demand for packaging equipment from the pharmaceutical companies.
The key players profiled in the report are ACG Worldwide, Alfa Laval AB, Barry-Wehmiller Companies, Inc., Adelphi Packaging Machinery, B&H Labeling Systems, The Bühler Holding AG, BEUMER Group GmbH & Company KG, Coperion GmbH, Coesia S.p.A., Graphic Packaging International, Inc., Hangzhou Youngsun Intelligent Equipment Co. Ltd., GEA Group AG, Guangzhou Tech-Long Packaging Machinery Co. Ltd., Fuji Machinery Company Limited, Illinois Tool Works Inc., IMA – Industria Macchine Automatiche S.p.A., VELTEKO s.r.o., Bradman Lake Group Ltd., Schneider Electric SE, SATO Holdings Co., Multivac Sepp Haggenmüller GmbH & Company KG, Robert Bosch GmbH, Tetra Laval International SA, Serac Group SA, Selovac, KUKA AG, The Körber Group, KHS GmbH, Krones AG, and Ishida Co., Ltd. The companies have been profiled in terms of their product portfolio, SWOT analysis, and strategic outlook.
Market share calculation in this report is not done based on companies covered in it. The calculation of packaging equipment market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
The report also enlists the major challenges for the industry players, which chiefly includes high costs of installation and increasing maintenance costs of the packaging equipment.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2829
Scope of the Packaging Equipment Market Report:
Application Landscape: Food & Beverage, Chemical, Pharmaceuticals, Personal Care
Regional Landscape: U.S., Canada, Italy, Germany, France, UK, Russia, India, China, Japan, South Korea, Mexico, Brazil, UAE, Saudi Arabia, South Africa
Browse key industry insights spread across 275 pages with 466 market data tables & 37 figures & charts from this 2018 report Packaging Equipment Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/packaging-equipment-market
Chapter 3. Packaging Equipment Industry Insights
3.2.2. Food & beverage industry landscape
3.3.7.1. List of key manufacturers/suppliers
3.3.7.2. List of key/potential customers
3.4.1. Impact of IoT and digitization
3.6.1.1.1. Adoption of smart packaging solutions
3.6.1.1.2. Growing focus on labeling and serialization for anti-counterfeiting of drugs
3.6.1.2.4. Packaged foods and beverage consumption
3.6.2.1. Need for high capital investment for setting up plants in developing markets
3.6.2.2. Stringent government regulations for packaging and safety
3.6.2.3. Growing preference for refurbished packaging equipment
3.9.2.2. Mergers, acquisitions, and strategic partnerships
Browse Full ToC @ https://www.gminsights.com/toc/detail/packaging-equipment-market
Industrial Machinery Market Size By Application (Agriculture, Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/industrial-machinery-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.