Future Market Insights
Global Tray and Sleeve packing machines market: Introduction
The global food industry has witnessed significant growth in consumption, in the last couple of decades, leading to increased demand for efficient and hygienic food packaging solutions. To meet the rising demand, food packaging manufacturers across the globe resort to ways to increase their yield, such as adoption of automated technology. Tray and sleeve packing machines are widely used in the food packaging industry, and are highly preferred due to their flexibility in handling trays and sleeves of different sizes and shapes. The global tray and sleeve packing machines market is expected to grow on the backdrop of rising consumption demand. Manufacturers across the globe are looking for newer versions of tray and sleeve packing machines, which can pack a variety of flexible and rigid packaging solutions. As emerging economies slowly witness increasing penetration of automation in the industry, it is expected that tray and sleeve packing machines will be preferred due to their ease of use and maintenance. The tray and sleeve packing machines market is expected to continue to grow over the forecast period. However, unlike popular assumption, automation is not expected to take over the entire manufacturing process. On the contrary, it might be limited to an appropriate fraction of the whole process. All these factors are expected to ensure a largely positive outlook for the global tray and sleeve packing machines market.
Global Tray and Sleeve packing machines market: Dynamics
The global tray and sleeve packing machines market is expected to grow on the backdrop of food packaging industry growth, which is projected to expand at a CAGR of above 5%, over the forecast period. In regions such as Europe, the food packaging industry is one of the largest manufacturing sectors. As companies realize the efficiency and benefits associated with automation, they are expected to incorporate it into their manufacturing process, which will facilitate growth of the tray and sleeve packing machines. One of the major factors which are expected to hamper growth of the global tray and sleeve packing machines, is the presence of a large number of small to medium players in the market. In developed regions such as Europe, small and medium players comprise almost 90% of the regional market. Therefore, adoption of automation by these manufacturers may be a slow process. Unlike the conventional automated manufacturing industry, where the applications were limited to end-of-line packaging and palletizing, many companies are adopting the modern approach which involves pick-and-place robots on production lines. This change might affect growth of the tray and sleeve packaging machines market, with trays and sleeve packing machines essentially being end-of-line packaging machines. Despite all these, tray and sleeve packing machines are expected to face sizeable demand over the forecast period as an efficient means of food packaging.
Global Tray and Sleeve packing machines market: Segmentation
The global tray and sleeve packing machines market is segmented as follows –
On the basis of product type, the global tray and sleeve packing machines is segmented as
On the basis of applications, the global tray and sleeve packing machines is segmented as –
Global Tray and Sleeve packing machines market: Regional Outlook
The global tray and sleeve packing machines market has been divided into seven regions as follows –
The North American region is expected to continue to enjoy the leading position in the global tray and sleeve packing machines market, well until 2020. This is attributed to higher penetration of automated industry in the region. The APeJ region is expected to provide significant opportunities of growth for the tray and sleeve packing machines market, over the forecast period, as economic powerhouses as the food consumption demand continues to rise. However, adoption of automated technology in countries in the APeJ region may be slow, with a large number of manufacturers preferring conventional approach to manufacturing of trays.
Global Tray and Sleeve packing machines market: Key Players
Few of the key players operating in the global tray and sleeve packing machines market are BVM Brunner GmbH u. Co. KG, Eastey Enterprises, Massman Automation Designs LLC, A.B. Sealer, Inc., and WexxarBel, among others.
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