Increased Demand for Advanced Packaging System Will Heighten the Food Packaging Machinery Market in APAC Through 2019: Technavio

LONDON

Technavio has published a new report on the food packaging machinery market in APAC,which is expected to grow at a CAGR of almost 7% from 2015-2019.

About the Report

The latest report by Technavio draws attention towards the increased demand for advanced packaging system because attractive and effective packaging not only preserves and protects the food but also serves as a means for increasing buyer interest.

“Manufacturers nowadays focus on factors like upgradation of automation, integrated system, shorter cycle time, and versatility, in order to increase the efficiency of food packaging materials. These key requirements used by manufacturers for designing packaging equipment is a trend gaining traction and will drive market growth,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also underlines the consumers’ high demand for packaging that is easy to open, re-sealable, portable, and easy to handle and use.

“To cater to the growing demand, vendors are developing active, intelligent, and smart packaging solutions that monitor freshness, improve safety and convenience, and extend the shelf life of products,” adds Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the food packaging machinery market in the APAC region from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of food packaging machinery in the APAC region.

Key Information Covered in the Report:

• Key Vendors:
  • AcmaVolpak
  • Bosch Packaging Technology
  • GEA Group
  • Illinois Tool Works
• Market Growth Drivers:
  • Increased demand for advanced packaging systems
  • For a full detailed list, view our report.
• Market Challenges:
  • High cost
  • For a full detailed list, view our report.
• Market Trends:
  • Customer convenience
  • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the food packaging market:

• Global Food Packaging Machinery Market 2015-2019
• Flexible Food Packaging Market in North America 2015-2019

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150903005066/en/

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com