Factors such as rise in applications of packaging machinery in a wide range of industries across food & beverages, healthcare, cosmetics, and consumer goods
PORTLAND, OR, UNITED STATES, November 24, 2021 /EINPresswire.com/ — The packaging machinery market has witnessed significant growth over the past decade, owing to the rise in investment in various end-user industries such as pharmaceuticals, healthcare, chemicals, and others. A number of players are expanding their business around the globe, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for the packaging machinery.
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According to a new report published by Allied Market Research, titled, “Packaging machinery Market by Type, Business, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global packaging machinery market size was valued at $43,520.0 million in 2020, and is projected to reach $69,218.0 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.
Packaging machines play a vital role in ensuring product safety throughout the supply chain. The increase in demand for packaging robots from several end-user industries such as food & beverages, pharmaceuticals, and chemicals drive the packaging machinery market growth.
Moreover, the demand for packaging machinery is driven by the increase in consumer goods demand, surge in adoption of automated packaging machines, and development of energy efficient machines. Modern automated packaging machines are used in different stages of packaging and ensure that the stages are completed in minutes rather than hours compared to the older versions.
Filling machines are the most dominant machine type of the overall packaging machinery market in 2020. Filling machines are highly used in the food & beverage industry either to fill a bottle or a pouch depending on the product. Filling machines increase precision in filling containers according to net weight and size.
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Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging packaging machinery market trends and dynamics.
In-depth packaging machinery market analysis is conducted by constructing estimations for the key segments between 2020 and 2030.
Extensive analysis of the packaging machinery market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global packaging machinery market forecast analysis from 2021 to 2030 is included in the report.
The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the packaging machinery industry.
Aetna Group S.p.A.
B&H Manufacturing Company, Inc.
Barry-Wehmiller Companies, Inc.
Fuji Machinery Co., Ltd.
Langley Holdings plc
Robert Bosch GmbH
The Adelphi Group of Companies
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