The world packaging machinery will reach $37.35 bn in 2014, According to a New Study on ASDReports

Wednesday 5 November 2014, Amsterdam

A new report, now available on ASDReports, predicts that the world market for packaging machinery will reach $37.35bn in 2014. This forecast and others appear in Packaging Machinery Market Forecast 2014-2024: Prospects for Leading Companies report.

Demand for packaging has been growing dramatically and therefore packaging machinery suppliers must stay in tune with their clients’ needs, which is why the industry has been developing new innovative packaging solutions in recent years. They are focused on reducing materials waste, cutting down on energy, lowering emissions as well as on the protection of labelling and printing products. Therefore, the sustainability trend will be crucial in determining demand for packaging machinery. The future of the packaging machinery market will be driven by the need to produce eco-friendly machinery that would reduce the environmental footprint. Due to the growing level of urbanisation and expansion of the middle class in developing countries, lifestyle trends have changed dramatically in recent years. More people demand flexible, simple and convenient food packaging. Moreover, a rising ageing population and growing health concerns remain important trends that will drive demand for packaging machinery in the coming years.

We also expect there to be an increase in acquisitions and consolidation as more companies exit the market. The economic crisis has caused the packaging machinery competitive environment to be increasingly cost orientated. There have been significant reductions in profitability and manufacturers are struggling to compete. Furthermore, some companies will lack the financial capability to compete on an innovative level and may be forced to exit the market as well.

This new 204 page report contains 143 tables, charts and graphs that add visual analysis in order to explain developing trends within the packaging machinery market. The new report provides forecasts for the period 2014 to 2024 in terms of value (US$) for the packaging machinery market. In addition, 16 national packaging machinery markets, as well as 5 packaging machinery submarkets by both end-use and machinery type are forecasted and analysed over the period 2014 to 2024.The report also provides profiles of the 12 leading companies operating within the market such as Tetra Laval Group, Illinois Tool Works, Toyo Seikan Group Holdings Ltd, Bemis Company Inc., and ALPLA. The report also includes 2 interviews with important players in the packaging machinery market; Krones AG and Gainsborough Engineering Company - providing expert insights alongside the new analysis.

Packaging Machinery Market Forecast 2014- 2024: Prospects for Leading Companies report will be of value to current and future potential investors into the packaging machinery sector, as well as companies and research centres who wish to broaden their knowledge of the packaging machinery market.