As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global PROMOTION BINS market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Package Closing Machines Market in the coming 10-years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Package Closing Machines
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Package Closing Machines market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Package Closing Machines Market Takeaways and Projections
- The U.S. is expected to lead the North America Package Closing Machines market, projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.
Report Benefits & Key Questions Answered
- Package Closing Machines Historical Market Analysis: The detailed survey by FMI, examines key factors in the Package Closing Machines market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Package Closing Machines market for the forecast period 2018-2028.
- Package Closing Machines Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Package Closing Machines for the assessment period. As per the study, the demand for Package Closing Machines will grow at a robust CAGR between 2018 and 2028.
- Package Closing Machines Market Trend Analysis: The latest study by FMI on the Package Closing Machines market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Global Package Closing Machines Market: Regional Overview
APEJ is expected to lead the growth of Package closing machines market because of highest demand for packaging in various applications such as food & beverages, pharmaceutical, and healthcare. The presence of emerging economies in APEJ and increasing per capita disposable income will attribute to the growth of global package closing machines market further.
Europe is expected to have the growth rate after APEJ because of higher demands of packaging products. The package closing machines market of North America is expected to have a lesser growth rate because of mature markets in the region. MEA is supposed to have lower growth rates of package closing machines because of the small size of the market in the region.
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Global Package Closing Machines Market: Key players
Some of the key players in package closing machines market across the globe are as follows:
- THE ADELPHI GROUP OF COMPANIES
- Robert Bosch GmbH
- Barry-Wehmiller Companies, Inc.
- Optima Packaging Group GmbH
- PDC International Corp.
- Formost Fuji Corp.
- Harpak-Ulma Packaging LLC
- Crown Packaging and shipping company
- Serac Inc.
Many local and unorganized players are expected to contribute to the global package closing machines market during the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Package Closing Machines Market: Segmentation
Globally the package closing machines market is segmented on the basis of the technology, types of machines, type of packages, and end use industries which are further segmented as –
On the basis of the technology, the global package closing machines market has been segmented as:
- Robotic
- Semi-Automatic
- Automatic
On the basis of the types of machines, the global package closing machines market has been segmented as:
- Carton Sealing Machines
- Bottle Capping Machines
- Aerosol Valve Closing Machines
- Cork Wiring Machines
- Vial Cap Sealing Machines
- Others
On the basis of types of packages, the global package closing machines market has been segmented as:
- Cases & Cartons
- Bags & Pouches
- Bottles
- Cups & Trays
- Jars & Containers
- Drums
- Others
On the basis of end use Industries, the global package closing machines market has been segmented as:
- Food & Beverages
- Cosmetics and Personal care
- Chemical
- Pharmaceutical
- Home care
- Others
About Future Market Insights, Inc.
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