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Global End-of-Line Packaging Market 2019-2023| Increasing Consumption of Packaged Beverages to Drive Growth| Technavio

Technavio Research
Posted on: 08 Nov 18

Technavio’s global end-of-line packaging market research report forecasts the market to grow at a CAGR of approximately 6% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181108005795/en/

Technavio’s global end-of-line packaging market research report forecasts the market to grow at a CAGR of approximately 6% during 2019-2023. (Graphic: Business Wire)

End-of-line packaging has become a complicated process for pharmaceutical manufacturers due to the implementation of the regulation to enhance the traceability of the products in the supply chain. The vendors in the market have been introducing end-of-line packaging systems, which can print the labels with lot numbers, product codes, time stamps, batch numbers, and GTINs on both the secondary and tertiary packages. This information assists the pharmaceutical manufacturers to trace the products in the supply chain.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio’s analysts, one of the key drivers for the global end-of-line packaging market is the growing consumption of packaged beverages globally.

Global end-of-line packaging market: Growing consumption of packaged beverages globally

During the forecast period, the global packaged beverage consumption is anticipated to record an average annual growth rate of about 2.8%. There has been an increase in the consumption of packaged milk and dairy beverages around the world. In 2017, the global consumption of packaged milk and dairy beverages was around 170 billion liters.

According to a senior research analyst at Technavio, “The increase in global packaged beverage consumption is expected to promote the demand for end-of-line packaging systems. To promote the sales of packaged beverages, labeling, proper retail display packaging, casing, and cartooning are essential. Proper end-of-line packaging is required in addition to primary packagings such as glass, carton, and cans to ensure product safety during transportation and storage.”

Global end-of-line packaging market: Segmentation analysis

This global end-of-line packaging market analysis report provides market segmentation by product (labeling equipment, wrapping equipment, and palletizing equipment) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the three product segments, the labeling equipment segment held the largest end-of-line packaging market share in 2018, contributing to around 53% of the market. This product segment will dominate the global market throughout the forecast period.

The EMEA region held the largest share of the market in 2018, accounting for more than 43% share. It was followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20181108005795/en/

Business Wire
www.businesswire.com

Last updated on: 08/11/2018

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