Food Packaging Machinery Market in APAC 2015-2019 - New Market Research Report

From: Fast Market Research, Inc.
Published: Mon Aug 31 2015

A food packaging machinery performs a significant function in the food packaging industry. It enables process control and efficiency in the overall food packaging process. It is widely used for filling, closing, wrapping, and coding food products. Proper packaging of food products ensures that there is no spoilage of packaged food products throughout the supply chain, and that it can withstand changes in temperature so as to maintain its quality and edibility.

Technavio's analysts forecast the food packaging machinery market in APAC to grow at a CAGR of 6.62%, In terms of revenue, over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "Advancements in technology are expected to propel market growth during the forecast period. The development of integrated designs and other advanced technologies such as enhanced simulation tools is expected to become a major trend in the market. In addition, manufacturers are integrating robotics to increase productivity and reduce labor costs, which in turn will reduce the overall cost of production. Robots can enhance automated machine-loading processes by allowing the machine infeed to meet the production capabilities of the packaging machine. Reduction in wastage of packaging materials, a smaller factory footprint, and timely rectification of operational problems are some of the major advantages of robotic packaging machinery."

According to the report, packaging plays a vital role in most food products. Attractive and effective packaging not only preserves and protects the food but also serves as a means for increasing buyer interest. In a fragmented market, where time to market is important for staying competitive, there is an increasing demand for new packaging machinery that is capable of meeting the evolving demands of the industry. Nowadays, in order to increase the efficiency of food packaging materials, manufacturers focus on factors such as upgradation of automation, integrated system, shorter cycle time, and versatility. These key needs are used by manufacturers as a guide to designing packaging equipment.

Further, the report states that many end-users are struggling to invest the substantial amount of money required for purchasing and maintaining food packaging equipment.

The key players in the Food Packaging Machinery Market in APAC are Acmavolpak, Bosch Packaging Technology, GEA Group and Illinois Tool Works while other prominent vendors include Accraply, Adelphi Masterfil, AMF Bakery Systems, Arpac, Bradman Lake, Graphic Packaging Holding, Harland Machine Systems, Heat and Control, IMA Group, Ishida, JBT FoodTech, KHS, Nichrome, Omori Machinery, Orion Packaging System, Oystar Holding, Sealed Air, The Krones Group and Weber Marking Systems

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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