SG Packaging companies offer professional and technical Automated Packaging Equipment Systems.Presently our products are widely applied in Seeds / Grains / Animal Feed / Chemical Products / Fertilizer Products / Food Products Etc.
As an professional packing machine designer & manufacturer, SG Packing Automation has supplied professional solutions to both the end users and the leading engineering companies. Rich practical experience help us to develop smart solutions to support our worldwide customers to achieve their business objectives in the most efficient way.
Packaging & Palletizing Line Market
The global Packaging & palletizing line market to grow at a CAGR of 5.51% during the period 2019-2023.
The report covers the present scenario and the growth prospects of the global end-of-line packaging market for 2019-2023. This market research report offers a comprehensive analysis of the market segmentation by product (labeling equipment, wrapping equipment, and palletizing equipment). The report also includes a discussion of the key vendors operating in this market.
The vendors of global end-of-line packaging market offer standalone and integrated secondary or tertiary packaging systems such as labeling equipment, wrapping equipment, and palletizing equipment for many end-users.
Pharmaceutical Robotic palletizing system manufacturers need to implement serialization to improve traceability of products in a supply chain. End-of-line packaging vendors are developing systems that can print labels with lot numbers, timestamps, batch numbers, and product codes on secondary and tertiary packaging. Thus, the pharmaceutical requirements with respect to end-of-line packaging will be a key trend driving market growth.
According to the report, one of the major drivers for this market is the growing consumption of packaged beverages globally. This will create a demand for end-of-line packaging systems for labeling, proper retail display packaging, and cartoning purposes. End-of-line packaging is also used to protect primary packaging such as glass, carton and cans during transportation and storage.
Further, the report states that one of the major factors hindering the growth of this market is the volatility in the prices of raw materials such as steel. The fluctuations in the price of steel during the forecast period will affect the profit margins of end-of-line equipment manufacturers, which, in turn, will hamper Automatic palletizer market growth.