Packaging Machinery Market Industry Size, Opportunities, Analysis and Forecast by 2030
Development of labeling, decorating, and coding machinery is expected to drive industry growth during the forecast period. Increasing demand for these machineries from different end-use industries, including food & beverages and chemical industry is expected to further accelerate product demand. Form fill and seal machines are rapidly gaining popularity as well. Asia Pacific has shown significant growth over the past few years, owing to the strong economic developments and growing manufacturing activities. North America currently holds major share in global market. Major players dominating the global include Robert Bosch GmbH, I.M.A. Industria Macchine Automatiche SpA, Tetra Pak International S.A., Coesia S.p.A., Marchesini Group S.p.A., OPTIMA Packaging Group GmbH, Omori Machinery Co. Ltd., ProMach, Inc., Herma GmbH, and Videojet Technologies, Inc.
The report titled “Packaging Machinery Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global packaging machinery market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, Krone AG reported revenues of US$ 3.06 Billion in 2018 and the segment and geographic analysis of the company indicates that process technology is the dominating revenue segment of the company, with the Europe being the major revenue generating region.
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The packaging machinery market study takes into consideration market segmentation based on product type, technology, end user, and geography. Based on product type, the market is segmented into bottling line, cartoning machines, case handling, closing, filling and dosing, form, fill, and seal, labelling, deco., and coding, palletizing & de-palletizing, wrapping & bundling, and others. Based on technology, global packaging machinery market is segmented into general packaging technology, MAP technology and vacuum packaging. On the basis of end user, the market is segmented into food & beverage, pharmaceutical, chemicals, cosmetics, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on packaging machinery market. Further, market share of company in the global market would also be calculated. For instance, in February 2014, Highlander Partners (“Highlander”), through its portfolio company Akomex, has signed a conditional agreement under which it intends to acquire the shares of the Warsaw, Poland listed Druk-Pak from Penton Partners. The potential acquisition will result in creating one of the largest consumer packaging companies in Poland with substantial growth opportunities throughout the EU market. In addition to this add-on investment, Highlander will also finance the construction of a new manufacturing facility at Akomex, which will commence immediately after the closing of the transaction, as well as adding significant equipment for the two existing plants of Druk-Pak and Akomex.
The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the packaging machinery manufacturing companies. Furthermore, the global packaging machinery market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
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Product portfolio would focus on all the products under the ¬¬ packaging machinery business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global packaging machinery market. For instance, Krone AG operates through three segments namely Process Technology, Bottling and Packaging Equipment, and Intralogistics. Moreover, the company offers composite cans under the Bottling and Packaging Equipment segment which was the largest revenue generating segment of the company in 2018.