The Asia Pacific Packaging Machinery Market is expected to witness market growth of 6.8% CAGR during the forecast period (2021-2027).
As robotic packaging is gaining more traction in the market, the growth of the packaging machinery market is expected to further expand in the upcoming years. The high accuracy and reliability of the robots are increasing their usage in the packaging market in recent times. Though, the robot’s participation was restricted to case packing and palletizing some years back. The growing technological advancements in robots are increasing its capabilities in primary packaging that include pick-and-place operations, cartooning applications, and processing tasks like cutting and coating. The adoption of robotics in the packaging industry has increased due to the reduction of labor costs while using robotics. For instance, Johnson & Johnson after utilizing a robotic palletizer has reduced their manpower costs by around 60% at its personal care products unit situated in Montreal.
The growth of packaging machinery market is expected to be hampered by the massive capital investment and various issues associated with the safety and hygiene of machinery parts. In addition, the key market players is expected to witness new growth avenues due to the growing focus of the enterprises towards offering advanced packaging to gain a huge consumer base.
The rising disposable income of the consumer across various nations of this region is among the key factors fueling the growth of the regional packaging machinery market during the forecast period. In addition, the growing consumption of packaged food and the increasing demand for product packaging in small quantities is expected to surge the demand for advanced packaging machinery across this region. This is expected to further bolster the growth of the regional packaging machinery market.
Additionally, the changing lifestyle of the consumers is creating demand for products in different sizes and packages as per their convenience and thus, augmenting the growth of the regional packaging machinery market over the forecast period. Along with that, the increasing technological advancements across this region are fueling the growth of the regional packaging machinery market over the forecast period.
The China market dominated the Asia Pacific Beverages Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,409.4 million by 2027. The Japan market is showcasing a CAGR of 5.5% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 6.7% during (2021 - 2027).
Based on End Use, the market is segmented into Food, Beverages, Pharmaceuticals, Chemicals, Personal Care and Others. Based on Machine Type, the market is segmented into Filling, Cartoning, Wrapping, Palletizing, Labeling, Form-Fill-Seal, Bottling Line and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include KHS Group (Salzgitter Klöckner-Werke GmbH), Tetra Laval International S.A., Barry-Wehmiller Companies, Inc., CKD Corporation, Coesia S.p.A., Duravant LLC, Fuji Machinery Co., Ltd., Langley Holdings plc, Syntegon Technology GmbH, and The Adelphi Group of Companies.
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Food
- Beverages
- Pharmaceuticals
- Chemicals
- Personal Care
- Others
By Machine Type
- Filling
- Cartoning
- Wrapping
- Palletizing
- Labeling
- Form-Fill-Seal
- Bottling Line
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- KHS Group (Salzgitter Klöckner-Werke GmbH)
- Tetra Laval International S.A.
- Barry-Wehmiller Companies, Inc.
- CKD Corporation
- Coesia S.p.A.
- Duravant LLC
- Fuji Machinery Co., Ltd.
- Langley Holdings plc
- Syntegon Technology GmbH
- The Adelphi Group of Companies
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- Exhaustive coverage
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Table of Contents
Companies Mentioned
- KHS Group (Salzgitter Klöckner-Werke GmbH)
- Tetra Laval International S.A.
- Barry-Wehmiller Companies, Inc.
- CKD Corporation
- Coesia S.p.A.
- Duravant LLC
- Fuji Machinery Co., Ltd.
- Langley Holdings plc
- Syntegon Technology GmbH
- The Adelphi Group of Companies
Methodology
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