Product Code: ETC023564 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Wrapping Machinery and Equipment market is estimated to register a CAGR of 5.5% during the forecast period (2020-2026). The rising demand for convenient packaging solutions in various industries such as food & beverage, pharmaceuticals, chemicals, and consumer goods are driving the growth of India wrapping machinery and equipment market. Furthermore, increasing government initiatives towards boosting the usage of renewable materials used in packaging is also driving the market. However, high maintenance costs associated with machinery are likely hamper this industry`s growth over the forecast period.
1) Rising Demand for Convenient Packaging Solutions: Increasing demand from customers for convenience has led to an increase in packaged product offerings which has further increased the use of wrapping machines in numerous industries like food & beverages, pharmaceuticals, chemicals etc., This rise in uptake has been mainly due to cost-effectiveness provided by these machines along with efficient performance they offer while wrapping products at a faster rate.
2) Government Initiatives Towards Renewable Materials Used In Packaging : Governments have become more conscious about environmental sustainability when it comes to using materials used for packaging purposes . Hence governments across different countries are increasingly introducing regulations that encourage companies to opt for renewable material rather than conventional ones thus leading to an increase pf investments into research projects related R&D activities which will ultimately lead to development of eco-friendly options concerning packing material .
1) High Maintenance Costs Associated With Machinery : Usually industrial grade wrapping machinery tend come with heft price tags , but even after their purchase companies incur additional expenses through periodic maintenance costs associated with them ; since assembly parts need frequent replacement . As a result small or medium size businesses usually refrain from investing into these kind of equipments due lack funds required on regular basis .
2 ) Availability Of Low Quality Counterfeit Products : Rapid developments occurring within this industry have resulted into emergence counterfeit products being sold under same brand name hence creating confusion among consumers regarding authentic equipments versus fake ones , moreover low cost involved leads buyers tempted towards buying cheap versions available thereby resulting higher probability malfunctioning or breakdown due substandard quality components utilized during manufacturing process
Adoption Of Automation Technology Across Different Industries : OEM?s operating within this space are actively integrating automation technology within their existing devices so as reduce human intervention necessary while performing tasks like loading/unloading items onto belts along other processes conducted before
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Wrapping Machinery and Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wrapping Machinery and Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 India Wrapping Machinery and Equipment Market - Industry Life Cycle |
3.4 India Wrapping Machinery and Equipment Market - Porter's Five Forces |
3.5 India Wrapping Machinery and Equipment Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.6 India Wrapping Machinery and Equipment Market Revenues & Volume Share, By Mode of Operation, 2020 & 2030F |
3.7 India Wrapping Machinery and Equipment Market Revenues & Volume Share, By ApplicationΒ , 2020 & 2030F |
4 India Wrapping Machinery and Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Wrapping Machinery and Equipment Market Trends |
6 India Wrapping Machinery and Equipment Market, By Types |
6.1 India Wrapping Machinery and Equipment Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Wrapping Machinery and Equipment Market Revenues & Volume, By Types, 2020-2030F |
6.1.3 India Wrapping Machinery and Equipment Market Revenues & Volume, By Stretch, 2020-2030F |
6.1.4 India Wrapping Machinery and Equipment Market Revenues & Volume, By Shrink, 2020-2030F |
6.1.5 India Wrapping Machinery and Equipment Market Revenues & Volume, By Others, 2020-2030F |
6.2 India Wrapping Machinery and Equipment Market, By Mode of Operation |
6.2.1 Overview and Analysis |
6.2.2 India Wrapping Machinery and Equipment Market Revenues & Volume, By Automatic, 2020-2030F |
6.2.3 India Wrapping Machinery and Equipment Market Revenues & Volume, By Semi-automatic, 2020-2030F |
6.3 India Wrapping Machinery and Equipment Market, By ApplicationΒ |
6.3.1 Overview and Analysis |
6.3.2 India Wrapping Machinery and Equipment Market Revenues & Volume, By Beverages, 2020-2030F |
6.3.3 India Wrapping Machinery and Equipment Market Revenues & Volume, By Food, 2020-2030F |
6.3.4 India Wrapping Machinery and Equipment Market Revenues & Volume, By Chemicals, 2020-2030F |
6.3.5 India Wrapping Machinery and Equipment Market Revenues & Volume, By Personal Care, 2020-2030F |
6.3.6 India Wrapping Machinery and Equipment Market Revenues & Volume, By Pharmaceuticals, 2020-2030F |
6.3.7 India Wrapping Machinery and Equipment Market Revenues & Volume, By Others, 2020-2030F |
7 India Wrapping Machinery and Equipment Market Import-Export Trade Statistics |
7.1 India Wrapping Machinery and Equipment Market Export to Major Countries |
7.2 India Wrapping Machinery and Equipment Market Imports from Major Countries |
8 India Wrapping Machinery and Equipment Market Key Performance Indicators |
9 India Wrapping Machinery and Equipment Market - Opportunity Assessment |
9.1 India Wrapping Machinery and Equipment Market Opportunity Assessment, By Types, 2020 & 2030F |
9.2 India Wrapping Machinery and Equipment Market Opportunity Assessment, By Mode of Operation, 2020 & 2030F |
9.3 India Wrapping Machinery and Equipment Market Opportunity Assessment, By ApplicationΒ , 2020 & 2030F |
10 India Wrapping Machinery and Equipment Market - Competitive Landscape |
10.1 India Wrapping Machinery and Equipment Market Revenue Share, By Companies, 2023 |
10.2 India Wrapping Machinery and Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |