 and is expected to reach nearly US$ 63 billion by 2028.){kind=link}
Global Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Global Players, Regional Players, and Country-Niche Players, finds a recent market study on the Global Packaging Machinery Market by Ken Research
Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It plays a significant role in ensuring the safety of products and providing temper resistance packaging and facilitating the packaging of small sachets to big cartoons.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Country-niche players comprise about 55% of the Total Number of Competitors and hold around 25% of the Total Market Revenue
A comprehensive competitive analysis conducted during the Research Study found that the Global Packaging Machinery Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in Packaging Machinery. The global players comprise about 15% in terms of the number of companies and hold about 40% of the market share. Market players are adopting new technology to make their packaging machinery more efficient, reliable, and cost-effective.
Leading Global Players Launching Efficient and Advanced Features Packaging Machinery
Detailed comparative analysis of key competitors available within the Research Study shows that key players such as KHS Group, Coesia, and Langley Holdings plc among others are highly focused on strategic developments including expansion, product launch, and others to fulfill the growing demand for advanced and efficient Packaging Machinery among various end-users. Furthermore, several companies are collaborating with advanced technology companies to integrate new technology into packaging machines to offer advanced features.
- In July 2021, Multivac launched F 286 thermoforming packaging machine suitable for producing vacuum and map packs for snacks. The new machine offer features such as high efficiency, flexibility, pack quality, and an excellent price-performance ratio.
Increased Manufacturer Environmental Initiatives of Packaging Machinery System Promote Packaging Machinery Growth and Development
- In 2021, Fuji Seal, Inc. is actively taking eco-initiatives for “Environmental Friendly delivery”. The company aims to deliver forms and production systems of its integrated services of packaging machinery and materials. The company is engaged in the development of packaging machinery and looking forward to offering new machinery that reduces the environmental impact by cutting down and using less energy, and water, and emitting less CO2.
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Key Topics Covered in the Report
- Snapshot of the Global Packaging Machinery Market
- Industry Value Chain and Ecosystem Analysis of the Packaging Machinery Market
- Market size and Segmentation of the Global Packaging Machinery Market
- Historic Growth of the Overall Global Packaging Machinery Market and Segments
- Competition Scenario of the Packaging Machinery Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Packaging Machinery Industry
- Overview, Product Offerings, and Strategic Developments of Key Competitors
- COVID-19 Impact on the Overall Global Packaging Machinery Market
- Future Market Forecast and Growth Rates of the Global Packaging Machinery Market and by Segments
- Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
- Analysis of the Packaging Machinery Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Production/Supply and Consumption/Demand Hubs in Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Packaging Machinery Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Companies Mentioned in the Report
- Krones AG
- Robert Bosch Gmbh
- Coesia
- M.A. Industria Macchine Automatiche S.P.A.
- Langley Holdings Plc
- KHS Group
- CKD Corporation
- Barry-Wehmiller Companies
- The Adelphi Group of Companies
- Fuji Machinery Co.,Ltd.
Notable Emerging Companies Mentioned in the Report
- Tetra Laval
- Marchesini Group
- Aetna Group
- BERHALTER AG
- Syntegon Technology GmbH
- PAC Machinery
- Multivac
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