Knowledge Sourcing Intelligence announces the publication of a new report titled “Packaging machinery Market - Forecasts from 2020 to 2025”.

According to the report, the packaging machinery market is projected to grow at a CAGR of 4.29% during the forecast period 2020-2025. The packaging is an indispensable part of the products to be sold. It is mainly done with the packaging machinery to ensure product quality. Growing demand for packaged products owing to increasing demand for consumer electronics and food & beverage is expected to drive the market for packaging machinery during the forecast period. Besides, the efforts are being made by the big market players to utilize the packaging material which tends to reduce carbon footprint. Such efforts are expected to further widen up the growth opportunities in the coming years. However, the high cost associated with technologically advanced packaging machines is anticipated to restrain the growth of the market.
By machinery type, labeling and coding machines are expected to grow at a substantial rate owing to growing investment by market players in advance labeling machines. In addition, automation has now become the focus area for companies grappling with high labor cost and regulation specifically when it comes to filling and form machines leading to an increase in demand for advanced solutions thus propelling the growth opportunities.
With regards to the various end-users of this market, the food and beverage sector holds a substantial share of the market and is expected to grow at a high CAGR, throughout the forecast period, on account of increasing demand for packaged food items. Pharmaceutical Sector is also expected to expand rapidly due to rising cases of chronic diseases and epidemics across the globe. In addition, increasing investment by market players in the form of acquisition or production capacity with the aim of expanding the product portfolio is expected to drive the growth of the market for blister packaging adoption in the pharmaceutical industry in the coming years. For instance, in October 2018, Merck invested nearly €63 million a part of €1billion investment plan up to 2020 of transforming the Darmstadt site which will be dedicated to the packaging and shipping of the company’s pharma medicine. Furthermore, rising health spending coupled with the growing geriatric population is further anticipated to boost the demand for medicines thus augmenting the market growth opportunities for blister packaging in the coming years.
Some of the major players covered as part of the report are Syntegon Technology, EDL Packaging Engineers, GEA Group, Barry-Wehmiller, CoesiaSpA, Tetra Laval, and IMA S.p.A, among others.

Segmentation
• By Machinery Type
o Filling and Form Machines
o Labelling and Coding Machines
o Wrapping Machines
o Case Forming Machines
o Conveyors
o Others

• By Technology
o General Packaging
o Modified Atmosphere Packaging
o Vacuum Packaging

• By End-User Industry
o Cosmetics
o Chemicals
o Logistics
o Food and Beverage
o Pharmaceutical
o Others

• By Geography
o North America
 USA
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 United Kingdom
 Germany
 France
 Others

o The Middle East and Africa
 Saudi Arabia
 UAE
 Israel
 Others

o Asia Pacific
 Japan
 China
 India
 Others

View a sample of the report or purchase a complete study at https://www.knowledge-sourcing.com/report/packaging-machinery-market

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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