Rising Demand for Automatic Checkweighers in Food and Pharmaceutical Industries: China Poised for Strong Growth

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Sep 28, 2023, 20:45 ET

DUBLIN, Sept. 28, 2023 /PRNewswire/ -- The "Automatic Checkweigher - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Automatic Checkweighers is on track to reach a projected size of $335.9 million by 2030, growing at a CAGR of 4.3% during the forecast period of 2022-2030. This market growth is driven by various segments, with Standalone Systems and Combination Systems taking the lead. The report provides a comprehensive analysis of the industry, highlighting key players, regional trends, and economic outlook.

Key Market Segments

Standalone Systems: This segment is projected to record a 4% CAGR and reach $207.7 million by 2030. Standalone systems are a significant component of the automatic checkweigher market, offering unique advantages in various applications.
Combination Systems: Growth in the Combination Systems segment is estimated at a CAGR of 4.7% over the next 8 years. These systems are becoming increasingly popular due to their versatility and ability to perform multiple functions.

Regional Market Insights

The U.S.: The Automatic Checkweigher market in the U.S. is estimated at $59 million in 2022. The country continues to be a key player in the industry, with potential for further growth.
China: China, the world's second-largest economy, is forecasted to reach a projected market size of $67.2 million by 2030, with a CAGR of 6.2%. The market in China is witnessing robust expansion.
Japan and Canada: Both Japan and Canada are expected to experience growth, with estimated CAGRs of 2.7% and 3.5%, respectively, over the 2022-2030 period.
Germany: Within Europe, Germany is forecasted to grow at approximately 3.5% CAGR, contributing to the regional market's overall expansion.

Economic Outlook

The global economic outlook is showing signs of improvement, albeit with some challenges. The United States, despite facing some economic headwinds, has managed to overcome the threat of recession. Europe is witnessing a decline in headline inflation, contributing to economic activity. China is poised for strong GDP growth as it adjusts its pandemic policies.

However, challenges such as uncertainty around the Ukraine conflict, inflation, and climate change continue to affect the global economic landscape. Governments are taking steps to combat inflation, which can impact job creation and economic activity.

Opportunities in Technology

Despite challenges, new technologies are expected to play a significant role in driving economic growth. Technologies such as generative AI, machine learning, Web3, cloud and edge computing, quantum technologies, and climate technologies hold the potential to create value and boost GDP.

The short-term economic landscape is a mix of challenges and opportunities, but businesses that demonstrate resilience and adaptability are well-positioned to thrive.

Key Market Players

The Automatic Checkweigher market features prominent players like:

Cardinal Health, Inc.
Mettler-Toledo International, Inc.
Anritsu Corporation
A&D Company, Limited
ACG Worldwide
Bizerba SE & Co. KG
Hardy Process Solutions, Inc.
Heat and Control, Inc.
Loma Systems
Minebea Intec GmbH
Imanpack Packaging and Eco Solutions SpA
Ishida Co., Ltd.
ALL-FILL Inc.
Cassel Messtechnik GmbH
LCS Controls Pvt. Ltd

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Checkweighers: Fundamental Facet of Packaging Quality Control Applications
Improving Productivity through Checkweighers
Common Problems Stymieing Broader Uptake of Automatic Checkweighers
Smart Checkweighers: A Heavyweight Technology for Factory of Future
Technological Innovation in Digital Smart Processing
Expanded Capabilities of Checkweighers Make Them Essential to Enhance Productivity
Accuracy Remains Critical for Automatic Inline Checkweigher
Food Manufacturing Industry: Smart Checkweighers Keep Losses Under Control
Automatic Checkweighers Bear a Symbolic Relationship with Food Manufacturers
Favorable Trends in Food Consumption Drive Demand for Automatic Checkweighers
Rising Consumer Focus on Convenience & Consequent Rise in Sales of Packaged Foods Drive Market Gains
Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
Uptake of Checkweigher in Health Food Industry
Robots Finally Take Off in the Bakery Processing Market
Automatic Checkweigher Find Multifunctional Role in Bakery Products Industry
Lower Per Capita Consumption Offers Huge Market Potential in Developing Countries. Global Per Capita Consumption (Volume) of Bakery Products by Country: 2021
Increasing Demand for Food Packaging Fuels Growth of Automatic Checkweighers in Packaging Industry
Global Packaged Food Sales in US$ Trillion for 2015, 2017, 2019, 2021 & 2023
Spike in Popularity of Ready-to-Eat Food Boosts Packaging Demand
Factors with Strong Implications for Packaging Demand
Sustainable Packaging Becomes Important for Brands
Food Packaging Gets Precision & Efficiency Lift with Advanced Checkweighers
Growing Significance of Automatic Checkweighers in Pharmaceutical Manufacturing
Global Pharmaceutical Manufacturing Market Size (in US$ Billion) for 2019, 2022 and 2025
Increased Usage of Automatic Checkweighers in the Pharmaceutical Industry Augur Well for the Market
Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
Increasing Healthcare Expenditure to Foster Market Growth
World Healthcare Expenditure (In US$ Trillion) for the Years 2017 & 2023
With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
Growth in Personal Care Products & Cosmetics Augurs Well for Market Growth
Global Cosmetic Chemicals Market (2021): Percentage Breakdown of Value Sales by Application - Color Cosmetics, Hair Care & Skin Care, Perfumes &Fragrances and Others
Global Cosmetic Chemicals Ingredients Market (2021): Percentage Share Breakdown of Volume Sales by Product Segment
Increasing Expenditure on Personal Care and Cosmetic Products Propels Market Growth
Global Personal Care Market: Revenues in US$ Billion for the Years 2019, 2021, 2023, 2025 & 2027
Global Cosmetics Market: Revenues in US$ Billion for the Years 2019, 2021, 2023, 2025 & 2027
Chemical Processing: Automatic Checkweighers Play Critical Role to Maintain Standard Weight Configurations
Global Chemicals & Minerals Market Growth (in %) for Years 2019 through 2025
E-Commerce Growth Presents Opportunities for Automatic Checkweighers
Global e-Commerce Market Growth Outlook (In %) for Years 2019-2025

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/n549b0

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