Case Packers Market to Reach $7.30 Bn, Globally, By 2023 At 6.1% CAGR, Says Allied Market Research

Increased global population, rise in labor cost, changing lifestyle, and inclination toward convenience food are expected to propel the growth of the global case packers market

News provided by

Allied Market Research

Feb 13, 2019, 05:45 ET

PORTLAND, Oregon , Feb. 13, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Case Packers Market by Automation Mode (Automatic and Semi-Automatic), by Machine Type (Horizontal, Vertical, Overwrapping, Robotic, and Others), and by End Users (Food & Beverage, Chemical, Pharmaceutical, Consumer Goods, and Others): Global Opportunity Analysis and Industry Forecast, 2017–2023". The report provides comprehensive analyses of the top winning strategies, industry dynamics, market size & estimations, key market segments, and competitive landscape. According to the report, the global case packers market was pegged at $5.12 billion in 2017 and is expected to reach $7.30 billion in 2023, registering the CAGR of 6.1% during the period 2017–2023.

Changing lifestyle & inclination toward convenience food, increasing population, and rise in labor cost have boosted the growth of the global case packer market. However, high cost of case packers and non-compatibility with flexible packaging products hamper the market growth. On the contrary, increasing awareness of cost-effective packaging machines and rapid growth of online retail & logistics industry is expected to create lucrative opportunities for the market players in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/3990

Overwrapping segment held the largest share

The overwrapping segment held the largest share in 2017, contributing about two-fifths of the market, owing to its advantages such as fast speed compared to horizontal case packer and increasing demand from industries such as beer & soft drinks, pharmaceutical, nutraceutical, personal care, and medical device. However, the robotic segment is expected to manifest the fastest CAGR of 7.3% during the forecast period, owing to implementation of robotic case packers into various packaging operations in order to retain global competitiveness against the ever-changing product types and varying volumes.

Consumer goods segment to manifest fastest growth

The consumer goods segment is expected to portray the fastest CAGR of 7.4% during the forecast period, owing to rise in growth of e-commerce industry that incorporates secondary packaging before shipping to ensure safety of the purchase items. However, the food & beverage segment dominated the market in terms of the revenue, contributing nearly two-fifths of the total market share in 2017.

Automatic case packer to become lucrative segment

The automatic case packer segment held the largest share, contributing nearly two-thirds of the market in 2017, owing to adoption of automation in packaging industry. Moreover, the segment is projected to register the fastest CAGR of 6.8% during the study period. The semi-automatic case packer segment is also analyzed at the country level in the report.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3990

Asia-Pacific region to manifest fastest growth

Asia-Pacific region is estimated to manifest the fastest CAGR of 6.9% during the forecast period, owing to increase in consumption rate in the region and rise in urbanization, and increase in consumption pharmaceuticals and cosmetics. The report includes analysis of the other regions such as North America, Europe, and LAMEA.

Major market players

The report includes analysis of the major companies in the market, including ADCO Manufacturing, Illinois Tool Works Inc., Marchesini Group S.p.A., Molins PLC, Robert Bosch GmbH, U-PACK ENGINEERING (SHANGHAI) CO., LTD, Hangzhou Youngsun Intelligent Equipment Co., Ltd., KN Packaging Solutions Pvt. Ltd., Massman Automation Designs, LLC, and Pro Mach, Inc.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

The global anti-counterfeit packaging market in food and pharmaceuticals is forecast to attain market value of $142.7 billion by 2020 from $57.4 billion in 2013, growing at 13.9% CAGR during 2013 to 2020. Technological advancements and government initiatives to curb counterfeiting is expected to drive the market growth.

Airless Packaging Market Expected to Reach $5,938.0 Million, Globally, by 2023

The global airless packaging market was valued at $4,046.0 million in 2016, and is expected to reach at $5,938.0 million by 2023, growing at a CAGR of 5.9% during the forecast period. Europe accounted for more than one-third of the market share in 2016, and is expected to witness significant growth during the forecast period.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300:Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com