Packaging Equipment Market Projected To Exceed $47 Billion By 2024

The packaging equipment market is set to grow from its current market value of more than $38 billion to more than $47 billion by 2024, according to a new research report from Global Market Insights Inc. (Selbyville, DE).
Packaging Equipment Industry By 2024
The growing adoption of automation in several industrial sectors is driving growth. Technological advances provide several advantages to industries using these products in packaging applications. For instance, smart sensors offer fault detection, data collection, mobile connectivity and remote monitoring, boosting efficiency in processes and operations performed in factories. Industries using traditional packaging equipment are focusing on substituting legacy machinery with new innovative equipment to enable mass production.

 

Demand for packaging equipment is primarily driven by the development of energy-efficient equipment, increasing adoption of automated packaging machines and consumer demand for personal care goods. Growing demand for packaging robots from several end-use industries is also a key factor in the packaging machinery market. These machines play a key role in ensuring product safety throughout the value chain. Equipment manufacturers are emphasizing solutions that have minimal environmental impact.

 

High costs associated with the development and installation of packaging equipment is restricting market growth. Small companies cannot afford to purchase these machines, forcing them to implement manual packaging techniques over automated systems, leading to adoption of an equipment rental business model. In addition, increasing maintenance costs are further hindering industry demand. Periodic maintenance and checks need to be performed to ensure proper operation of the equipment.

 

Palletizing equipment is experiencing a high adoption rate in several industrial sectors owing to the automated functions provided by the machines. These help in handling heavy loads and stacking cases, bags, bottles and cartons for packing and labeling. Advantages of these machines include easy circulation of commodities, manual and automatic handling, and reduced risk of product damage and worker injuries. Several companies are adopting automated palletizing machines to increase their manufacturing capabilities, deliver high-quality end-products and efficiently manage their processes.

 

The food and beverage industry accounted for more than 55% of packaging machinery market share in 2017. The packaging equipment market has witnessed growing demand for new machinery from developing markets due to the increase in spending on a wide range of processed and ready-to-go food and beverage products. To satisfy demand, several major companies operating in the food and beverage industry are looking to expand in untapped markets by building new plants and purchasing new machinery. In addition, with changing consumer preferences, food and beverage companies are expected to introduce a range of new products that require innovative or newer packaging machinery.

 

Asia Pacific is expected to see steady growth and will reach $18 billion by 2024, owing to the rise in the number of pharmaceutical companies. Countries including India, China, Japan and South Korea are moving toward automation and adoption of smart industrial solutions in the manufacturing processes. Stringent regulations that mandate pharmaceutical companies to follow certain standards for the packaging of drugs are positively driving the packaging machinery market. Several industrial players in the region are deploying liquid and solid packaging machinery to fulfill product requirements.

 

If you have interest in automatic packaging machines, I recommend you to visit KWT Machine Systems Co., Ltd. – they provide various packaging system in different industries and capacities working with diverse types and shapes of packages. To get more details, you can contact KWT for seeking an expert consultation. Rely on KWT to help you determining the best packaging solution for your business.

 

Article Source: PLASTICSTODAY

Five Reasons to Use an Automatic Liquid Filling Machine

Automation in the packaging process creates many benefits for the packaging company. Here we will analyze individual pieces of packaging equipment and explain some of these benefits.

 

The automatic liquid filling machine moves product from a holding tank to the waiting bottles or other containers without the need for operator interaction during each fill cycle.  In automating the filling process, a company can expect to improve the packaging operation in a number of ways, including, but not limited to, the following.

 

  1. Consistent and Reliable Fills

 

Using automatic filler removes the uncertainty from the filling process. Whether looking for a level fill, a highly accurate volumetric fill or using some other specific criteria, the automatic machine ensures that each cycle is completed in the same manner. Consistency and reliability that simply cannot be had by hand filling bottles or containers is easily achievable with the right machine for each project.

 

  1. Speed

 

Once production demand reaches a certain level, it simply becomes unrealistic to hire manual labor to complete each bottle fill. Probably the most obvious benefit of using automatic packaging machinery is the ability of the machinery to increase speeds. Using power conveyors and multiple fill heads along with the proper filling principle allows production to not only run faster, but run constantly.

 

  1. Versatility

 

Many companies use multiple bottles for a single product. A number of companies also run multiple products. In most cases, single liquid filler can be manufactured to handle all bottles and products packaged by a company. Some machines will use simple adjustments to change from one bottle or product to another, while others might require a little more time on changeover where bottle sizes or product viscosity varies greatly from one to another.

 

  1. Ease of Use

 

Almost all automatic filling machinery will come equipped with a PLC and easy to use operator interface. The interface uses a touchscreen that allows the operator to enter the various times and amounts necessary to complete each cycle. Once the numbers are entered, a recipe screen will allow the same to be retained. Eventually, the operator will simply need to enter the recipe number on the interface, make any physical adjustments (conveyor rails, fill head height, etc.) and then monitor the machine as it goes to work.

 

  1. Growth Potential

 

Automatic packaging machines can and should be manufactured with the future in mind. In other words, the machine should not be manufactured to immediately meet maximum capacity. At LPS, we build our equipment expecting our customers to experience growth! Simple additions to filling machines, such as extra fill heads, allow the equipment to grow with the business.

 

While there are other benefits to automating the filling process from project to project, a packager can always expect to receive those noted above.

 

Get more details about automatic liquid filling machine, welcome to visit SHIN I Machinery Works – the company is always your best cooperation partner for packaging equipment machinery.

 

 

Article Source: https://www.liquidpackagingsolution.com/news/five-reasons-to-use-an-automatic-liquid-filling-machine