Thursday, 26 June 2014

Packaging Machinery Market Growth and Development Report 2014-2018

Packaging machineries are the special types of machineries that provide assistance for packaging the products before its being dispatch for storage and distribution networks. Packaging is being increasingly considered an important part of marketing mix as packaging created a strong impact on the customers buying decision. Packaging machinery is widely used for filling, labeling, coding, and wrapping of products. Analysts forecast the Global Packaging Machinery market to grow at a CAGR of 4.64 percent over the period 2013-2018.

The Report recognizes the following companies as the key players in Global Packaging Machinery Market: Coesia S.p.A., Illinois Tool Works Inc., Industria Macchine Automatiche S.p.A. , Krones AG, Robert Bosch GmbH , Tetra Laval International S.A., Barry-Wehmiller Companies Inc., Coesia S.p.A., Dover Corp., Graphic Packaging Holding Co., Klöckner-Werke AG, Körber AG, Krones AG, Fuji Machinery Co. Ltd., Sato Corp.

One of the major trends in the Global Packaging Machinery market is the increase in technological advancements. For instance, the SCADA systems used in the Packaging Machinery industry are equipped with wide screen touch displays with high resolution. SCADA systems help monitor and control the industrial processes and infrastructure in manufacturing plants. They also help gather information and control various industrial processes such as manufacturing, production, fabrication, power generation, refining, and desalination in both discrete and process manufacturing industries. Other major technological advancements in the market are the increase in the screen size of HMI screens and the increase in applications. In addition, the development of integrated designs and other advanced technologies such as enhanced simulation tools is expected to become a major trend in the market.

The report considers revenue generated from sales of the following machineries: Filling Machineries, Labeling and Coding Machineries, Wrapping Machineries and Others

Global Packaging Machinery Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Packaging Machinery market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, the increasing demand for smart packaging is one of the major drivers in the market. This demand is mainly observed in the Food industry, where hygiene is of great importance. The major reason for the increasing demand is increased concern over the wastage of food.

Further, the report states that one of the major challenges faced by the market is the reluctance of consumers to adopt packaged items, especially packaged food, because of their lack of knowledge regarding the level of protection offered by the packaging.