The market is chiefly driven by increasing demand of automated equipments to enhance efficiency, increase the speed, and reduce the chances of even minute errors.
“In 2016, the market size of packaging machinery was valued at approximately $39.647million. It continues to grow at a CAGR of 6.7 percent and is expected to reach $62,063 million by 2023.”
Over the last few decades, packaging machinery has witnessed a significant increase. The factors owing to this adoption rate is an increase in the application of packaging equipments in a diverse range of industries like-
- Food and drinks
- Healthcare
- Cosmetics, and
- Other consumer goods.
- Canning
- Packing
- Bottling
- Sealing
- Lidding
- Encoding, and many more.
- Increasing consumer goods demand,
- Development of energy efficient machines, and
- Increased adoption of automated packaging machines.
The sealer machines in the packaging market have now become an essential function of a product’s marketing mix.
With the rise in the need for automated solutions in various industries vertical, the application of the packaging machinery has gained significant popularity. Nowadays, the industries adopt automated sealer machines to deliver high-quality products-
“As per the statistics, the food and beverage industries account for more than 50 percent and 69 percent (respectively) of the global consumer packaging industry.”
With the rise in the need for automated solutions in various industries vertical, the application of the packaging machinery has gained significant popularity. Nowadays, the industries adopt automated sealer machines to deliver high-quality products-
- Increase manufacturing capabilities
- Have better customer service
- Manage processes efficiently.
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