The global [FURL=https://www.industryarc.com/PressRelease/1649/Packaging-Machinery-Market-Research.html]Packaging Machinery Market[/FURL] has been analyzed to grow at CAGR 4.7% during 2019-2025 from $39.6 billion in 2018. Rapid development and demand for increased volumes of products from the e-commerce sector, increase in consumption of packaged food in developed as well as developing countries due to an increasing millennial population has led to increase in demand for packaging machinery. These factors are driving the market for packaging machinery.The packaging machinery market is all set to exhibit robust development with growing demand from retail and e-commerce, F&B, pharmaceuticals and many others. In order to maintain fresh packaged food and increase shelf life, food packaging industries are using automated machines and increasing usage of vacuum packaging machines. Furthermore, changing consumer preferences are leading market players to shift towards the use of environment-friendly packaging which requires sophisticated packaging machines as well. To meet the increasing demand on their e-commerce portals, companies such as Amazon, Flipkart and so on are opting for automated packaging machineries in their own warehouses to reduce packaging time.
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R&D Investment and Initiative, Funding:
Bosch has designed and installed an integrated packaging system consisting of vibratory channels. Introduction of this machine will ensure maximum flexibility. This equipment has the capacity to pack 400 packages per minute. Implementation of such machines will help in increasing production.
GN Packing Machinery Inc., has merged with investing company Mide Pak to expand business operations. In 2018, IMA acquired 70% of stake in Ciemme Srl, which manufactures and markets end-of-line automatic machines. Graphic Packaging International Inc. has announced plans to invest $41.5m to upgrade machinery for production of beverage packaging paperboard in West Monroe.
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