The Asia Pacific Packaging Machinery Market would 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 would 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 would 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 would 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 would surge the demand for advanced packaging machinery across this region. This would 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 would 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.
Free Valuable Insights: The Worldwide Packaging Machinery Market is Projected to reach USD 58.3 Billion by 2027, at a CAGR of 5.9%
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.
By End Use
By Machine Type
By Country
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