Packaging Machinery Market Size to Grow by $ 12.25 billion through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the packaging machinery market and it is expected to grow by $ 12.25 billion, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Packaging Machinery Market: Emerging Trends to Impact Market Growth
Growing demand for attractive and innovative packaging to emerge as a key trend in the industrial packaging machinery market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Packaging Machinery Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aetnagroup Spa, Barry-Wehmiller Group Inc., CKD Corp., Coesia Spa, Fuji Machinery Co. Ltd., GEA Group Aktiengesellschaft, ITW Dynatec, KRONES AG, Syntegon Technology GmbH, and The Adelphi Group of Companies are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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The global packaging machinery market has the potential to grow by $ 12.25 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5% .
This packaging machinery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by Product (FFS machines, Labeling and coding machines, Closing and sealing machines, Wrapping and bundling machines, and Others) and Geography (APAC, North America, Europe, South America, and MEA). The packaging machinery market report also offers information on several market vendors, including Aetnagroup Spa, Barry-Wehmiller Group Inc., CKD Corp., Coesia Spa, Fuji Machinery Co. Ltd., GEA Group Aktiengesellschaft, ITW Dynatec, KRONES AG, Syntegon Technology GmbH, and The Adelphi Group of Companies among others.
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The Industrials sector is expected to have a negative impact due to the spread of COVID-19 virus. As the business impact of COVID-19 spreads, the Packaging Machinery Market 2021-2025 market is expected to witness Neutral & Inferior growth.
Packaging Machinery Market: Top Drivers to Impact Market Growth
Packaging Machinery Market: Report Highlights:
Market Segmentation by Product