Market Trends of Global Packaging Machinery Industry
This section covers the major market trends shaping the Packaging Machinery Market according to our research experts:
Food segment to have a significant growth
- The food packaging process involves packaging facilities, where the packaging process is executed using machines. Earlier, factories or manufacturing plants used manual methods to process food items. However, now most food packaging facilities use complex devices throughout the assembly line of food packaging. There are multiple benefits to using machinery equipment.
- Food packaging automation can be an essential tool for businesses, as technology can improve productivity and provide safety and security without human intervention. Various manufacturers turn to Industry 4.0 solutions to reshape food manufacturing.
- The latest trends in food packaging demand packaging companies to ensure that the machines in their lines meet the requirement for energy efficiency, machine safety, and hygiene standards. Manufacturers' recent trends using technology and automation include the internet of packaging, biodegradable packaging, digital printing, recyclable packaging, 3D printing, and nanotechnology. Various companies focus on developing automation solutions for highly delicate packaging to meet customer needs.
- Companies are looking to adapt to newer technologies to expand their product portfolio and keep up with the latest advancements in the market. For instance, in January 2022, Syntegon Technology announced the expansion of its portfolio for coffee packaging machines with the addition of a PMX packaging machine for ground coffee and whole beans. The PMX comprises individual modules, which make machine design and dosing and closing stations individually configurable.
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Asia-Pacific to have a significant growth
- The rising investments in the manufacturing sector from the developing countries are expected to drive the market. The governments in the region are rigorously investing in attracting domestic and international consumers.
- Furthermore, due to the COVID-19 pandemic, the E-commerce market has seen a surge as customers' focus shifted toward an online platform for shopping grocery, medicines, electronics, etc. The growing support from the government bodies.
- Various companies in the region are coming together to boost their production capacity and stronghold their market presence. For instance, in Dec 2021, Syntegonand Shanghai Pharmaceuticals signed an agreement to build a laboratory for continuous manufacturing technology in China. As part of this partnership, both the companies will use their respective resources in this in-depth 'co-laboratory' cooperation to create a domestic benchmark for continuous manufacturing, improve production efficiency, and help innovation development.
- The existence of numerous emerging economies such as China and India, a growing population, rising disposable income, and the expansion of the food and beverage industry in the region, are all contributing to market growth in Asia-Pacific. The changing lifestyles and the development of multi-national food shops in the area also contribute to the growth of the packaging market, leading to the increased use of packaging machinery.
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