Expanding Fixed Investments and Packaging Demand set to Propel Filling, Capping and Sealing Equipment Market Growth
Today’s era of packaging is based on electronics which offers consumer convenience, sustainability and the unique dynamics of the fast moving consumer goods market. The packaging industry is poised to witness transformation through the concepts of smart packaging and automation in packaging machinery in coming future. Bold colors and new shapes, sizes and applications reflect dramatic shifts in consumer lifestyle that call for new packaging paradigms. Packaging Machinery market is poised to witness noteworthy growth which attributed to the demand from food, beverage, pharmaceutical and chemicals sector. The filling, capping & sealing equipment market
is expected to witness significant growth in the coming future owing to the rising automation demand. Filling capping and sealing equipment involves packaging of glass, metal, plastic, paper and others material containers and filling of solid, liquid and semi-solid products into them. Rising popularity of PET bottle has resulted into drastic change in the end user industry of filling capping and sealing equipment
Increasing demand for smaller size package, automation and robotics in filling equipment and globalization of food production are the key factors driving the market growth. Automatic equipment especially in the developing regions of Asia-Pacific and others are estimated to witness fastest growth owing to the rising awareness about their benefits along with the operation and labor cost saving opportunities offered by them but it is set to restrain the manual equipment growth in coming future. Rising competition, ease of doing business, government investments are resulting into companies expanding fixed investments. This coupled with increasing manufacturing outputs and packaging demand worldwide are set to enable SMEs and majority of the companies to opt for superior technology machinery/equipment and thus drive the packaging market.
Pharmaceutical and chemical industry are generating noteworthy demand for automatic machinery offering enhanced output, reliability and which cops up with the regulatory requirements in terms of manufacturing products. Significant scope of developments in the existing filling, capping and sealing technology is enabling companies to invest in related research and development to ensure and fulfill the rising demand for robotics and automation in the equipment/machineries.
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