Study: Growth of the Packaging Machinery Market in China driven by increasing online retail adoption
Fast Market Research announces the availability of Technavio's new report "Packaging Machinery Market in China 2015-2019" on their comprehensive research portal.
Packaging machinery refers to machinery used for packaging products before they are dispatched for storage and distribution. Packaging is considered an important part of marketing as it has a strong impact on customers’ buying decision. Packaging machinery is widely used for filling, labeling, coding, and wrapping of products.
Technavio's analysts forecast the packaging machinery market in China to grow at a CAGR of 7.40% over the period 2014-2019.
Get More Details on this Report and a Full Table of Contents at Packaging Machinery Market in China 2015-2019
Commenting on the report, an analyst from Technavio’s team said: “The e-commerce industry is an emerging end-user in the market. With the advent of online retailing and shopping apps for mobile Internet users, this industry has been contributing significant revenues to the market. The growing popularity of online shopping in urban and semi-urban areas and rise in consumer spending will bolster the demand for packaging products.”
According to the report, advanced packaging is gaining prominence in the food industry as it increases shelf life, extends freshness, and improves the quality and convenience of products. High hygiene priority has amplified the demand for advanced packaging.
Further, the report states that several consumers in China are reluctant to use packaged items, especially for food products, owing to the prevailing ignorance about the level of protection offered by the packaging. Consumers often believe that packaged foods decay quickly and are unhealthy; that the freshness of the food is supposedly lost as they go to factories for processing and packaging.
The key players in the Packaging Machinery Market in China are Guangzhou Tech-Long Packaging Machinery (Tech-Long) Co. Ltd., Hangzhou Youngsun Intelligent Equipment Co. Ltd., J.S. Corrugating Machinery Co. Ltd. And Newamstar Packaging Machinery Co. Ltd. while other prominent vendors include Anhui Zengran Packaging Technology, Beijing Dingsheng Rigao Packing Machinery, Chongqing CQQJ Equipment, Foshan Soonk Packaging Machine, Harbin Boshi Automation, KHS, Krones, Lehui, Nanjing Light Industrial Machinery, Sacmi, Sidel and Zhongshan TO-U Packaging Machinery
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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