Box and Carton Overwrapping Machines: Food Industry Exhibits Maximum Demand

Rapidly surging production of perfume boxes, gift boxes, retail packages and cigarettes significantly drives the growth and development of box and carton overwrapping machines market. Although box and carton overwrapping machines market is likely to expand at a healthy pace, growing adoption of the flexible packaging solutions might pose as a threat in 2019. Companies in the box and carton overwrapping machines market might witness surging demand for the highly precise as well as completely automatic box and carton overwrapping machines in 2019, with growing demand for unique stretch overwrapping machines, as per a recent market study by Future Market Insights (FMI).

Demand High for Cost-Effective Box and Carton Overwrapping Machines

Growing demand for enhancing appearance and protection of packaged products from the viscous liquids dives-in considerable need for box and carton overwrapping machines. In order to secure product as well as to experience an effective transportation, need for applying basic wrapping films on the package becomes more vital, thereby driving usage of box and carton overwrapping machines. Companies in box and carton overwrapping machines might focus on smart packaging solutions, thereby reducing labor costs and enhancing appearance of packaging for catering to the consumer appealing demands. With growing availability of bar codes, QR codes and various other labels on wrappers, demand for effective packaging is catered, thereby driving the usage of box and carton overwrapping machines.

Food Sector in Emerging Regions to Hold Incremental Opportunities

Companies in the food and beverage sector are taking immense efforts in launching products that helps them with reduced labor costs, thereby attaining higher production outputs at minimal time frame. This is the notable factor driving the demand growth of box and carton overwrapping machines in food sector in emerging economies such as MEA, Latin America and Asia-Pacific. The FMI study also projects that food sector is likely to offer high incremental opportunities compared to other end-use applications. Integration of various components in production line helps in significantly increasing production efficiency in the long run, which in turn drives the demand for innovative and automatic box and carton overwrapping machines. Nearly 80% of the companies in box and carton overwrapping machines market have been looking for quick change-over as a vital factor in identifying traits of packaging machinery.

Opportunity Analysis: Mergers and Acquisitions Remain a Key Expansion Strategy in China

Companies in China box and carton overwrapping machines market might make heavy investments in R&D for improving their access in new overseas markets, thereby expanding their global reach in the box and carton overwrapping machines market across the globe. Recently, government of China has taken up notable efforts by encouraging ODI (Overseas Direct Investment) by the Chinese companies. Multinational businesses are therefore targeting China with several expansion activities including mergers and acquisitions. Market expansion strategies are expected to play a significant role in attracting new customers in the box and carton overwrapping machines market, thereby enhancing market foothold of the manufacturers.

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About Abhishek Budholiya 86 Articles
Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.