Packaging machinery market has witness increased adoption owing to factors such as increase in applications of packaging machinery in a wide range of industries across food and hardware fastener, drink, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with its usage increasing broadly in line with the global economy.
Packaging machinery is used for a wide variety of functions that includes arranging, filling, bag forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection and check weighing; wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications.
The demand for packaging machinery is largely driven by the increasing consumer goods demand, increasing adoption of automated packaging machines, and development of energy efficient machines.
Applications of packaging industry include packaging of hardware, fastener, furniture, daily use products, plastic and rubber, pharmaceuticals, medical, food & beverages, bakery items, toys & stationary, cosmetics, pet supplies, chemicals, and others.
Packaging has become an important function of a product’s marketing mix.