Packaging Techniques Market Forecasts to 2028 – Global Analysis By Equipment (Cartoning, Case Packing, Inspecting), Material (Plastics, Metal), Packaging (Flexible, Rigid) and By Geography
According to Stratistics MRC, the Global Packaging Techniques Market is accounted for $1,58,686.88 million in 2020 and is expected to reach $1,86,657.35 million by 2028 growing at a CAGR of 2.0% during the forecast period. Rising demand for fresh and high-quality food products, growing demand for hygienic food packaging, and rising shift toward convenient food packaging are driving the market growth. However, increasing cost of development and installation of equipment are hampering the growth of the market.
Packaging process is established on technology and equipment which is used to preserve products and helps to keep them fresh for longer period of time. Packaging contains, protects, preserves, transports, and informs the details of a product or a good. Packaging can be described as organized system of assembling goods for logistics, transport, warehousing, sale, and end use.
Based on the packaging, the rigid packaging segment is going to have lucrative growth during the forecast period as this type of packaging offers structure and support for products and is known for its strength and it is a popular choice due to the heavy-duty nature and protective qualities of the materials used to make them. Popular applications include cereal boxes, glass bottles of spirits, cans of soup, and laundry detergent bottles.
By geography, North America is going to have high growth during the forecast period due to the increasing requirement of convenient packaging from consumers. North America consists of numerous established vendors who focus on expanding their geographic reach in the region.
Some of the key players profiled in the Packaging Techniques Market include Bosch Limited, Nichrome Packaging Solutions, Lindquist Machine Corporation, Coesia S.p.A, ARPAC LLC, GEA Group, IMA Group and Kaufman Engineered Systems.
Estimated Market Size in 2020:
USD 1,58,686.88 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,86,657.35 million
Tables, Graphs& Figures
Equipment, Material, Packaging and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Labeling & Coding
• Case Packing
• Wrapping & Bundling
• Filling & Dosing
• Paper & Paperboard
• Glass & Wood
• Flexible Packaging
• Rigid Packaging
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Packaging Techniques Market is majorly driven by rising demand for fresh and high-quality food products, growing demand for hygienic food packaging, and rising shift toward convenient food packaging.
The rigid packaging segment is growing at a highest CAGR as this type of packaging offers structure and support for products and is known for its strength and it is a popular choice due to the heavy-duty nature and protective qualities of the materials used to make them.
North America dominated with a significant market share due to the increasing requirement of convenient packaging from consumers and North America consists of numerous established vendors who focus on expanding their geographic reach in the region.
Asia Pacific market is growing at a highest CAGR due to the rising growth in awareness regarding packaged food leading to increased adoption of packaged foods, rise in the earnings and increased expenditure, and rising technological advancements in the packaging techniques in this region.
Key players in Packaging Techniques Market include Bosch Limited, Nichrome Packaging Solutions, Lindquist Machine Corporation, Coesia S.p.A, ARPAC LLC, GEA Group, IMA Group and Kaufman Engineered Systems.
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