Market outlook of the packaging equipment market in North America
The research report predicts moderate growth for the packaging equipment market in North America with revenue projections of close to $7 billion until 2019. Its market growth is attributed to the increasing number of new products being introduced into the market with different packaging requirements.
High labor cost and taxes are expected to increase the demand for fully automated packaging machinery during the forecast period. Advances in technology in the packaging machinery sector is expected to fasten the replacement cycle of old machines, and drive the replacement sales of newer machinery across all customer segments.
Market segmentation of packaging equipment in North America by product
- Filling equipment
- Labelling and coding
- Sealing
- Wrapping
- Other
The labelling and coding equipment segment of the market emerged as the second largest contributor of the market in 2014. Its revenue is likely to increase only marginally over the next four years. The growing need to counter product counterfeiting is expected to drive investments into the market through 2019.
Market share analysis of the packaging equipment market in North America by end-users
- Food
- Beverages
- Pharmaceutical
- Chemical
- Other market
The packaging equipment market in North America is dominated by the Food industry accounting for close to 35-40% share. The industry is expected to grow even faster over the next four years, resulting in a robust demand for packaging equipment. This segment is expected to retain its dominance in the North American market during the forecast period.
Competitive analysis of the packaging equipment market in North America
- Barry Whemiller
- Coesia
- Mamata
- Nordson Corporation
- Pro Mach
The packaging equipment market in North America is characterized by the presence of well-diversified international, as well as local and regional vendors. Currently, the market vendors are focusing on the opportunity presented by the growing demand for packaging emerging out of the e-commerce space. It has emerged as a key revenue contributor for the packaging market in North America. This trend is expected to drive growth for the leading vendors of the market over the next four years.
Key questions answered in the report
- What are the key factors driving the packaging equipment market in North America?
- What are the key market trends impacting the growth of the packaging equipment market in North America?
- What are the various opportunities and threats faced by the vendors in the packaging equipment market in North America?
- Key outcome of the five forces analysis on the packaging equipment market in North America?
- Growth forecast of the packaging equipment market in North America until 2019?
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Related reports
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Product offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Packaging equipment market by product
Filling equipment market in North America
Labelling and coding equipment market in North America
Sealing equipment market in North America
Wrapping equipment market in North America
Other equipment market in North America
PART 07: Market segmentation by end user
Packaging equipment market in North America by End-users
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Competitive scenario
PART 14: Other Major Vendors
Automated Packaging Systems
Dover Corp.
Graphic Packaging Holding Co.
GEA Group
Illinois Tool Works
Multivac
Tetra Laval International S.A.
Sato Corp.
Reynolds Group
Robert Bosch
PART 15: Key vendor analysis
Barry Whemiller
Coesia
Krones
Mamata
Nordson Corporation
Pro Mach
PART 16: Appendix
List of abbreviation