Market Research Report
Asia Pacific Wrapping Machine Market (2019-2025)
|Published by||KBV Research||Product code||915279|
|Published||Content info||74 Pages
Delivery time: 1-2 business days
|Asia Pacific Wrapping Machine Market (2019-2025)|
|Published: October 30, 2019||Content info: 74 Pages||
The Asia Pacific Wrapping Machine Market would witness market growth of 7.2% CAGR during the forecast period (2019-2025). Expanding population, increasing household income and higher purchasing power has raised the demand for several packaged food and beverage products. These trends have also pushed the demand for wrapping machine. Furthermore, the increased focus on differentiating products in the market through packaging would also boost market growth.
Wrapping machine automation provides many benefits such as minimal human interference, time reduction, faster packaging process, and effective wrapping of multiple products, thereby improving overall productivity. Consumer packaged goods (CPG) manufacturers are increasing their focus on improving their profitability in order to gain competitive advantage, preserve their market position and improve their custom. Emerging countries like China and India, are investing heavily in industrial automation. Similar patterns are also continuing in downstream. Therefore, over the forecast period, the market is expected to experience heavy automation. In addition, the introduction of technological trends such as Industry 4.0 is likely to increase demand over the forecast period for automated wrapping machines.
Based on Type, the market is segmented into Stretch Wrapping Machine, Shrink Wrapping Machine and Others. Based on Mode of Operation, the market is segmented into Semi-Automatic Wrapping Machine and Automatic Wrapping Machine. Based on Application, the market is segmented into Food Industry, Beverages Industry, Personal Care, Pharmaceuticals, Chemicals and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IMA Group, Duravant LLC, BEUMER Group GmbH & Co. KG, Lantech LLC, ProMach, Inc., Maillis Group S.A. (H.I.G. Capital LLC), Robert Reiser & Co., Inc., Aetna Group S.p.A., Atlanta Stretch SpA and American Packaging Machinery, Inc.