Global Packaging Machinery Market to grow at a CAGR of 5.34% during the period 2016 - 2020; Finds New Report

Report forecast the global packaging machinery market to grow at a CAGR of 5.34% during the period 2016-2020.

Packaging machinery provides assistance in packaging products before they are dispatched for storage and distribution networks. It is used in the primary and secondary packaging of food, beverage, and pharmaceutical and personal care products. Primary packaging is an important part of the marketing mix as it has a strong impact on the buying decision. In addition, packaging machinery is widely used for filling, labeling, coding, and wrapping products.

There are two types of packing machines, automatic and manual. There is increasing demand for automatic machines in the packaging industry, as they can improve the efficiency of manufacturing procedures and make the process easier. Such packing machines reduce labor costs, provide better working conditions, and improve efficiency.

The report covers the present scenario and the growth prospects of the global packaging machinery market for the period 2016-2020. To calculate the market size, the report considers revenue generated from sales of the following machineries:

• Form fill seal (FFS) machinery
• Labeling and coding machinery
• Closing and sealing machinery
• Wrapping and bundling machinery
• Other packaging machinery

According to the report, manufacturers of plastic packaging machinery are compelled to introduce high-quality products to survive in an intensely competitive environment. Owing to the growing demand to meet production capacity, machinery with features such as enhanced automation, integrated systems, and shorter turnaround times is being introduced in the market.

Further, the report states that packaging equipment manufacturers are facing issues with respect to customer demand for low-cost packaging machinery, as they have to maintain their profit margins, standards, and quality of equipment.

Global Packaging Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Packaging Machinery Market:  Barry-Wehmiller, Bosch Packaging Technology, Coesia, GEA Group, Illinois Tool Works and KRONES.

Other Prominent Vendors in the market are: Automated Packaging Systems, Dover, Graphic Packaging Holding, Mamata Enterprises, Multivac, Nordson, Pro Mach, Sato, Tetra Level International, Reynolds Group.

Market driver

• Upgradation to modular packaging machine
• For a full, detailed list, view our report

Market challenge

• Competitive pressures for small vendors
• For a full, detailed list, view our report

Market trend

• Rising use of multipacks
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 81 pages and 42 Exhibit “Global Packaging Machinery Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by machinery type, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://mrr.cm/o9t

Find all Packaging report at : http://www.marketresearchreports.com/packaging