For the packaging purpose it is important to determine the right packaging equipment for the product. Some packaging equipment includes fin seal, shrink, clamshell, blister and bagging system. Latest technology and innovation plus increasing need for ....see more
The food processing seals market is projected to grow from USD 2.7 billion in 2018 to USD 3.2 billion by 2023, at a CAGR of 3.3%, during the forecast period. Food processing seals are seals that are used in the food processing industry to prevent leakage. In addition, seals used in food processing prevents food contamination by preventing microbial growth. The sealing materials used in the food processing industry must be corrosive-resistant and also comply with an increasing number of regulations, such as FDA, 3-A, and NSF standards. The growing production of processed and packaged food in countries, such as the US, Germany, UK, France, Spain, China, Japan, and Russia drive the demand for food processing seals. Furthermore, the presence of stringent regulations regarding the use of food grade seals and seal material is projected to drive the demand for food processing seals. The key players in the food processing seals market include Freudenberg Group (Germany), AESSEAL Plc (UK), Smiths Group Plc (UK), Flowserve Corporation (US), A.W. Chesterton Company (US), SKF (US), Parker Hannifin (US), Trelleborg AB (Sweden), IDEX Corporation (US), EnPro Industries, Inc. (US), James Walker (UK), and Meccanotecnica Umbra S.p.A. (Italy).
The sealing & strapping packaging tapes market is projected to grow from USD 17.4 billion in 2018 to USD 22.1 billion by 2023, at a CAGR of 4.89% from 2018. The growth in the sports and outdoor apparel industry, due to the growing health awareness among consumers and increasing fitness activities, are driving the growth of the sealing & strapping packaging tapes market during the forecast period. In addition, the increase in demand for protective clothing and accessories such as military, surgical/medical, and chemical protection garments are influencing the growth of the market. The major players include Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China). Companies have adopted strategies such as new product launches and acquisitions to cater to the increasing demand for these tapes in emerging markets.
The medical packaging films market is projected to grow from USD 5.6 billion in 2018 and reach USD 7.1 billion by 2023, at a CAGR of 4.87% from 2018 to 2023. The factors driving the growth of medical packaging films market include increasing incidences of chronic conditions, expenditure on healthcare facilities, the growing demand for bioplastic material, and the rising demand for bi-axially oriented films.Amcor (Australia), Berry Global Group (US), DuPont (US), Weigao Group (China), PolyCine (Germany), Covestro AG (Germany), Glenroy (US) and 3M Company (US), Wipak Group, and Renolit SE (Germany)
The thin wall packaging market is expected to grow from USD 42.8 billion in 2018 to reach USD 53.7 billion by 2023, at a CAGR of 4.64% from 2018. The changing lifestyles have boosted the market for packaged food & beverages, which is one of the most significant factors driving the growth of the thin wall packaging market during the forecast period. In addition, factors such as cost-effectiveness and improved aesthetic appeal of thin wall packaging are influencing the growth of the market.Amcor (Australia), Berry Global (US), Silgan Holdings (US), PACCOR (Germany), RPC Group (UK), Reynolds Group (New Zealand), ILIP Srl (Italy), Mold-Tek Packaging (India), Greiner Packaging International (Austria), and Double H Plastics (US).
MarketsandMarkets projects the growth of the blow-fill-seal technology market from USD 292.3 million in 2018 to USD 386.0 million by 2023, at a CAGR of 5.71%. The blow-fill-seal technology market is expected to witness high growth due to factors, such as rise in the middle-class populations, growth in demand from the pharmaceutical and other industries including chemical, food & beverage, and automotive; and preference for hygienic and convenient packaging. The major players include Catalent (US), Recipharm (Sweden), Rommelag (Germany), Unither Pharmaceuticals (France), Pharmapack (Japan), Unipharma (US), Curida (Norway), Weiler Engineering (US), The Ritedose Corporation (US), and Unicep Packaging (US). These companies have adopted strategies, such as acquisitions, expansions, and agreements to meet the increase in demand in emerging markets.
The beverage carton packaging machinery market is estimated at USD 746.9 Million in 2017 and is projected to reach USD 840.7 Million by 2022, at a CAGR of 2.39%. The growth of the beverage carton packaging machinery market can be attributed to an increase in the consumption of personal care & hygiene products in emerging economies and rise in the number of production facilities of beverage carton packaging machinery. Key players operating in the beverage carton packaging machinery market include Langfang Best Crown Packing Machinery (China), ACG Worldwide (India), KHS (Germany), Krones (Germany), GPI Equipment (US), Bosch Packaging Technology (Germany), Econocorp (US), Jacob White Packaging (UK), Bradman Lake Group (UK), and Mitsubishi Electric (Japan). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by key players operating in the beverage carton packaging machinery market.
The form-fill-seal market size is projected to grow from USD 15.31 Billion in 2016 to USD 19.47 Billion by 2021, at a CAGR of 4.92% from 2016 to 2021. The form-fill-seal market is increasing proportionally with the overall packaging equipment industry and growth in the flexible packaging industry. The market is primarily driven by factors such as improving economic conditions of countries, technological advancements, and increasing end-use applications.