Packaging Equipment Market demand will be driven by increasing adoption of automation in several industrial sectors.

Sellbyville, DE -- (SBWire) -- 10/10/2018 --Packaging Equipment Market in food & beverage industry accounted for over 55% of the market share in 2017. The market has witnessed a growing demand for new machinery from developing markets, due to the increase in spending on a wide range of processed and ready-to-go food & beverage products.

To satisfy this growing demand, several major companies operating in the food & beverage industry are looking to expand in untapped markets by building new plants and purchasing new machinery. In addition, with changing consumer preferences, food & beverage companies are anticipated to introduce a wide range of new products that require innovative or newer packaging machinery.

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Packaging Equipment Market is expected to exceed USD 47 billion by 2024. A rise in the adoption of plastic packing solutions for personal care and cosmetic products is driving the packaging equipment market growth. The industry players are shifting toward sustainable solutions by replacing plastic with biopolymers to improve their ecological footprint. Moreover, a rise in the demand for products and goods having a long shelf-life is driving the demand for innovative packaging machinery. Technological advancements are a major trend in the packaging industry with manufacturers collaborating with technology providers to offer their customers advanced packaging solutions.

Labeling machines are experiencing a high growth in the packaging equipment market owing to a rise in the demand for digitalized printing techniques. The growing demand for personalization and customization of the product labels for offering information related to the features and ingredients is growing rapidly. This is encouraging the manufacturers in developing machines that are integrated with technologies to cater to such customer demands.

Rotary stickers are widely being used in the beverage industry for labeling PET bottles, which are used for the packing of cold drinks, juices, milkshakes, and energy drinks. The increasing consumption of these beverage items is driving the adoption of rotary stickers for advertising these products, thereby propelling the packaging equipment market.

The pharmaceutical packaging machinery market is witnessing a high growth owing to a rise in the demand for automated, flexible, and integrated packaging lines from the industry. Manufacturers are targeting the need for developing novel drug delivery solutions. Several regulatory changes regarding packaging of medical products are also expected to drive the industry growth.

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Some of these regulations are anti-tampering, labeling, and pharmacopeia standards. Developed countries including China, India, and Brazil are experiencing a high demand for this equipment owing to the improving economic conditions of the people and increasing investments by major pharmaceutical companies.

The Europe packaging machinery market is witnessing a high growth owing to the rise in the demand for integrated solutions, changing consumer trends, and ecological requirements. FFS and palletizing machinery are experiencing a high adoption rate in several industrial sectors. Integrated technologies and multi-functional solutions offered by these machines are helping the factories in simplifying their processes. The application of this equipment in the food & beverage sector owing to the growing de mand for packaged food is driving the growth of the Europe packaging equipment market. A strong customer base and the extensive adoption of technology are attracting several companies to invest in the region, thereby driving the packaging machinery market growth.

Key players operating in the packaging equipment market are Krber AG, Robert Bosch GmbH, Multivac Group, Barry-Wehmiller Companies, Inc., Coperion GmbH, ACG Worldwide, Graphic Packaging Holding Company, Accutek Packaging Equipment Companies, Inc., GEA Group, Aetna Group, B&H Labeling Systems, Krones Group, and Illinois Tool Works, among others.

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