Changing lifestyle of urban population is the encouraging advent of advanced packaging technologies which offer more convenience to consumer and blends with their daily routine. Trending packaging of beer, snacks, and ready-to-eat meals among many others are increasing transparency with consumers. Packaging plays a vital role in the product life cycle as it deals with retaining the quality throughout the shelf life of the products. Thus, choosing the best packaging machinery is a challenge. Various packaging machinery is used in different stages of packaging such as overwrapping, sealing, cartooning, vacuum packaging, cooling, drying, fabrication, cleaning, filling, sealing, combining, labeling, palletizing, heat sealers, blister packs, and skin packaging machines among many others.
Precision plays a key role in all packaging machinery. In the pharmaceutical industry, packaging of the product involves identification and protection of product without any contamination or damage. Innovative packaging technologies support increased productivity, enhance package quality, and all that at lower cost, which altogether are attracting the end users aspiring for greater profits. Additionally, rising economic performance along with high demand for consumer goods is influencing the growth of energy efficient machines. The information is based on a recent business intelligence report from IndustryARC, titled “Packaging Machinery Market: By Analytics (Filling and Packing, Cartoning machines, Tempering, Labelling and printing, Palletising machines, Wrapping machines, Cleaning and Sterilizing machines); By End Users (Retail and E commerce, F&B, Cosmetics, Pharmaceuticals and Chemical), & By Geography - Forecast (2018-2023).”
Global Packaging Machinery Market: Disruptive Drivers and Trends
In the beverage industry, rising investments set a pace especially in the beer industry which propels the growth of packaging machinery installations by new players. In 2017, Mexico packaging machinery imports are noted as $751 million. Beer manufacturers imported about a quarter of the total packaging machinery that arrived in this country.
Packaging Machinery Manufacturers Institute estimates that the U.S. shipments of packaging machinery was valued at $8.2 billion in 2017, and is estimated to increase with a CAGR of 4.7% and reach $10.5 billion by 2023.
According to Wisconsin Economic Development Corporation, packaging machinery manufacturers in India are anticipating more demand from food processing and pharmaceutical industries. In 2017, about 45% of the packaging machinery produced materials that are used in the food processing industry, followed by 25% in the pharmaceutical industry.
In 2017, value of packaging machineries in the European Union was valued at 13.5 billion Euros.
Adelphi Packaging Machinery, Aetnagroup S.p.A., Robert Bosch Packaging Technology GmbH, Bradman Lake Group, and CKD Group are some of the key players operating in the global packaging machinery market. Adelphi Packaging Machinery is a specialist supplier of liquid filling and capping. This firm launched a System F-600 machine in 2018, which delivers more flexible production output which is cost effective too with future proof scalability.
Packaging machinery involves packing of a wide range of products using different machines which varies according to the functionality. Food and beverage industry is the major end use industry for the packaging machinery market players with increased usage across the beer packaging.
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