Packaging Machinery: A Global Strategic Business Report
San Jose, California (Vocus) June 15, 2010 –
Packaging is a highly versatile facet of a product, which can be easily attuned to changing consumer preferences. The packaging industry is benefiting to a large extent from increasing consumption spurred by continued growth and higher disposable incomes in developing markets worldwide. Enhanced automation, integration, remote diagnostics, faster changeover, versatility and shorter turnaround times are key determinants of market growth. Emerging market trends include increasing deployment of servos, networking architectures, and robotic applications in packaging machinery. Another upcoming trend is the growing deployment of multi-tasking flexible packaging machinery, attempting to reduce lead-time and to curtail frequent replacement costs.
The US represents the single largest market for Packaging Machinery globally. However, growth in the global market is expected to be fuelled by strong demand from emerging regions such as Asia-Pacific, Latin America, and Middle East, while growth in developed markets continues to stagger owing to market maturity. Strongest performances from emerging regions are due to accelerated industrial demand, rapid expansion of food processing and consumer durables sectors, and burgeoning foreign investment in local production facilities. On the other hand, the North American, Japanese and Western European markets are projected to register slow growth.
The global packaging machinery market is led by Wrapping machinery. Ageing population, shorter innovation cycles of drugs, and tightening legislations of packaging are likely to increase sales of blister packaging machinery. A growing need for tracking packages shipped worldwide and escalating labeling and marking requirements are poised to bolster demand for coding/marking/labeling machinery.
Food processing industry remains the largest end-use market for packaging machinery worldwide. Demand for packaging machinery from beverages industry would primarily be driven by growing consumption of packaged beverages in developing countries and rising use of higher-end, productive equipment in developed countries. Sales of packaging machinery to the pharmaceutical industry would be stimulated by aging population in developed regions that is in turn driving sales of these products, increasing use of disposable medical devices, and growing use of pharmaceuticals and personal care products in developing regions worldwide.
The global market for packaging machinery is huge and highly fragmented. Competition within the industry is generally on the basis of technological sophistication, customer service, and performance parameters. Globally, no individual company claims a significant market share. Key players profiled in the report include Bosch Packaging Technology, Bradman Lake Group, CKD Corp., Coesia SpA, EDL Packaging Engineers Inc., Illinois Tool Works Inc., KHS USA Inc., Klöckner-Werke AG, Krones AG, Lantech, and Tetra Laval among others.
The report titled “Packaging Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the global packaging machinery market, current market scenario, key market trends, product introductions, recent corporate initiatives, and focus on major and niche market participants. The study analyzes market data and analytics in terms of value sales for the global as well as regional markets including - the United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Product segments analyzed include – Aseptic Packaging Machinery, Blister Packaging Machinery, Bottles Cleaning/Drying Machinery, Bottling and Canning Machinery, Cartoning/Case Forming Machinery, Coding/Marking/Labeling Machinery, Flexible Packaging Machinery (Form-Fill-Seal Machinery and Pouching Machinery), Laminating/Delaminating Machinery, Palletizing Machinery, PET Packaging Machinery, Testing/Inspecting/Detecting Machinery, Thermo Forming Machinery, Vacuum Packaging Machinery, Wrapping Machinery [Bundling/Strapping/Lacing Machinery, Individual Wrapping Machinery, Over-Wrapping Machinery, Shrink Wrapping Machinery, Stretch Wrapping Machinery and Twist Wrapping Machinery], Miscellaneous Packaging Machinery, and Accessories and Parts.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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