The growing need for packaged food and beverages, together with the thriving e-commerce industry, is likely to fuel growth of the global packaging machinery market in the near future. The market is expected to rise in the next few years due to growing awareness about personal health and cleanliness, as well as higher expenditure on pharmaceutical items. In addition to that, the COVID-19 pandemic is predicted to boost market development by increasing the use of sustainable packaging.
The COVID-19 epidemic wreaked havoc on the U.S. economy in 2020, stifling the expansion of different industries such as oil and gas, petrochemicals, chemicals, and automobiles. During the Covid-19 outbreak, however, increased demand for hand sanitizers, pharmaceutical as well as medical items, and packaged food and beverage products boosted demand for packaging machinery and the trend is likely to continue in the next couple of years.
The global packaging machinery market is customer-driven, with rising demand for a wide range of products in various sizes and types of packages. Businesses in the end-use sectors are embracing modular packaging machines, which offer flexibility and can swiftly adapt to changing package styles, as well as entire packaging lines that combine numerous tasks from a single source, such as closure, labeling, and filling.
Increasing Implementation of Automation in Packaging Industry to Drive Market Growth
To lower the quantity of material required in packaging, sustainability and growing concern about the environment have raised demand for thin-walled and lightweight packaging. As a result, equipment makers are focusing on developing machines with greater functionality in order to increase production speeds whilst tolerating thinner and more fragile packing materials.
Automation in packing equipment has a number of advantages, including enhanced operability and flexibility, as well as a better throughput rate. Robotics, in keeping with the trend of automation, give better uniformity, a high throughput rate, little scrap/waste, and higher precision. As a result, robots have become more prevalent in different end-of-line activities, such as palletizing and wrapping, during the last decade.
Wrapping machines are utilized to package items or groups of items in secondary as well as tertiary packaging. Flexible packaging substances, such as paper, plastic film, or metal, are wrapped around a single product or a group of items utilizing these devices.
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