The manufacturing industry in the United States has experienced significant variations in the past two decades. From the 1990s to the present, changes in technology, the economy, and global competition have had a significant impact.
One of the most notable trends has been the increasing adoption of automation and digitization technologies. Companies have invested in robots, quality control systems, and management software to improve efficiency and reduce production costs. This trend has led to increased competition as companies compete to offer innovative and cost-effective solutions.
Another important trend has been the growing importance of environmental sustainability. Companies have invested in technologies and equipment that reduce carbon footprint and improve energy efficiency. This has been driven in part by increasing consumer demand and government regulation on sustainability.
The COVID-19 pandemic and disruptions in global supply chains have also affected the manufacturing industry. Decreased consumer demand, factory closures, and logistical challenges have been prevalent, but the pandemic has also led to increased investment in automation and digitization technologies to reduce dependence on labor and improve resilience in times of crisis.
Specific sectors, such as robotics and 3D printing, have experienced significant growth in the past 20 years. These sectors have allowed for the rapid and customized production of parts and components.
In conclusion, the manufacturing industry in the United States has experienced significant changes in the past two decades. The adoption of automation and digitization technologies, the growing importance of environmental sustainability, and the COVID-19 pandemic have been key factors that have affected this industry. Companies must remain aware of market trends and changes to remain competitive and meet customer needs.
Capital goods are assets used in the production of goods and services over time. Investment in these goods increases an economy’s productive capacity and has a direct impact on productivity and quality, reducing production costs and improving competitiveness. However, investment in capital goods alone is not enough. It is necessary to create a favorable economic environment, including appropriate fiscal and monetary policies, effective regulation, and education and research and development systems that promote innovation and entrepreneurship. Adequate financing for investment in capital goods is also crucial for sustainable economic growth.
Frozen food production has become increasingly popular in recent years due to its convenience and long shelf life. However, frozen food production can also be a challenge for manufacturers due to the need to maintain product quality and ensure efficiency in production. This is where machinery for frozen food production can make a difference.
In this article, we will tell you all the benefits that machinery for the production of frozen foods can offer your business.
Benefits of machinery for the production of frozen food
Greater efficiency in production. Machinery for frozen food production is designed to automate and simplify the production process, resulting in greater efficiency in production. These machines can perform tasks such as packaging and sealing food quickly and accurately, reducing the amount of time and resources required to produce large quantities of frozen foods.
Greater precision in production. Machinery for frozen food production can also ensure greater accuracy in production. These machines are designed to work with high levels of precision, meaning that the frozen foods produced are consistent in size, shape and weight.
Lower risk of contamination. Machinery for the production of frozen foods can also help reduce the risk of food contamination. These machines are designed to work in a sterile and controlled environment, which means there is less chance of cross-contamination of food.
Greater production capacity. Machinery for the production of frozen food is designed to produce large quantities of food in a short period of time. This means that manufacturers can meet an increased demand for frozen food without compromising product quality.
Cost savings. By automating and simplifying the production process, frozen food production machinery can help manufacturers reduce production costs. In addition, these machines can also reduce labor costs and costs associated with removing defective or damaged products.
FAQs
What types of food can be produced with machinery for the production of frozen food? Frozen food production machinery can be used to produce a wide variety of frozen foods, including vegetables, fruits, meats, seafood, bakery products and desserts.
How can I choose the right machinery for my business? To choose the right machinery for your business, you need to consider factors such as production capacity, machine size, and specific characteristics that fit your production needs. You should also consider the cost and availability of machinery maintenance and repair.
Is it difficult to operate machinery for frozen food production? Not necessarily. Most frozen food production machinery is designed to be easy to operate and requires minimal training. In addition, many manufacturers offer training and support services to help operators learn how to use the machines effectively.
Conclusion
Frozen food production can be a challenge for manufacturers due to the need to maintain product quality and ensure efficiency in production. Machinery for frozen food production can help address these challenges by automating and simplifying the production process, resulting in greater efficiency, accuracy and production capacity. In addition, these machines can also reduce the risk of food contamination and help manufacturers reduce production costs. If you’re considering producing frozen foods in your business, consider investing in specialized machinery to improve your production and profitability.
The growth of the packaging machinery market is driven by a combination of factors, including increasing demand for packaged products, technological advancements, sustainability, growing industries, and regulations and safety standards
With the growth of e-commerce and changing consumer preferences, the demand for packaged products has increased significantly. This has driven the need for packaging machinery that can efficiently and effectively package products. The packaging machinery industry has seen significant advancements in automation and technology, which have improved the speed, efficiency, and accuracy of packaging processes. Increased emphasis on sustainable packaging materials and practices has driven the demand for packaging machinery that can handle eco-friendly materials and reduce waste. Several industries, such as food and beverage, pharmaceuticals, and cosmetics, are growing rapidly and require advanced packaging machinery to meet demand. The strict regulations and safety standards for packaging products have further, driven the need for advanced packaging machinery that can ensure compliance and quality control both. Overall, while the packaging machinery industry offers many benefits, there are also restraints that can limit its growth, including high initial investment, complex installation and maintenance, limited flexibility, safety concerns, and environmental concerns.
Key Takeaways:
The Asia-Pacific region leads the Packaging Machinery market with a 42.50% share and is further to grow at a growth rate of 5.45%.
Form-fill-seal machinery & Filling machinery together make for nearly 60% share globally.
By end use, Food manufacturing occupies a revenue share of USD 15.58 Billion in 2021 and is expected to continue growing rapidly.
The United States Packaging Machinery market was valued at USD 4.03 Billion in 2021 and is a prominent country in the global market.
Tetra Laval International S.A., KHS Group, and Krones AG are the prominent companies in the Global Packaging Machinery Market with a 24.32% revenue share.
Packaging machinery is essential for industries because it plays a crucial role in improving efficiency, reducing labor costs, increasing productivity, and enhancing product safety and quality. Form Fill Seal (FFS) machines are used for packing a wide variety of products in food, beverage, pharmaceutical, and other industries. The machines are designed to form a bag, fill it with the product, and then seal it all in one continuous process. FFS machines are the most commonly used packaging machinery with nearly 45% share because these machines can package products at a high rate of speed, making them a cost-effective solution for companies that need to package large quantities of products. Also, the packaging is not affected by external factors such as moisture, air, and dust, ensuring the product remains fresh and safe for consumption. A wide variety of products, such as dry goods, liquids, and powders, can be packaged and easily integrated into existing production lines, making them a convenient solution for companies with an established manufacturing process.
Filling and labeling machines are important for many industries because they can significantly improve the efficiency and accuracy of the packaging process. These machines are used by all industry types to save costs of labor, improve efficiency, and maintain high standards of product quality and safety. Food & Beverages are the highest end-users of packaging machinery because they have high demands for their products and these machines provide for efficient and hygienic packaging solutions. The machines can be programmed to use only the necessary amount of packaging material, reducing waste and saving costs. They are designed to handle a wide variety of food and beverage products, sizes, and packaging materials, making them a flexible solution for food and beverage companies that produce a diverse range of products.
Pharmaceutical manufacturing requires packaging machinery that can provide a high level of precision, accuracy, and reliability to ensure the safety and efficacy of the final product. Packaging machinery is used for making cavities in a plastic sheet or film and fills with tablets or capsules. Machines are also used to fill liquids, powders, or tablets into bottles and also cap and seal the bottle. To fill sterile liquids or powders into glass or plastic vials, which are then sealed with stoppers or crimped aluminum seal. Pre-sterilized syringes are filled with liquid or powder drugs. Carton packaging from a flat sheet of cardboard and fill them with blister packs, bottles, or vials, for transportation. Labeling is done with barcodes, lot numbers, and other product information. Serialization and traceability systems track and trace pharmaceutical products throughout the supply chain to prevent counterfeiting, diversion, and other forms of illicit activity.
Asia-Pacific region’s growth is due to major economies of the world like China, India & Japan, making advances in the packaging machinery market. China’s rapid economic development and increase in living standards have created a significant demand for packaged food. The economic growth of urban China has led to the migration of rural Chinese populations to urban areas such as Shanghai and Beijing. The FFS machinery revenue of China was valued at USD 27.68 Billion, while labeling machines are to be in high demand over the forecast period. In China, greater mechanization of packaging processes and intensifying competition globally for a number of export-oriented industries will support sales of more advanced machinery.
According to, International Trade Administration; by 2065, Japan’s workforce is expected to decrease by 40 percent, resulting in increased demand for automated systems and advanced packaging machinery and equipment. To help address this demand, the Japanese government started programs to assist small and medium-sized enterprises to invest in food processing plants and equipment upgrades to promote increased automation. “The dominance of the Asia-Pacific region is due to the presence of a large number of food & beverage and pharmaceutical product manufacturers in the region. High economic growth rate and high demand in emerging markets of China and India are the major drivers for the packaging machinery market in Asia-Pacific.” Says, Mr. Dhwipal Shah, Research Director with Bonafide Research.
The market for packaging machinery in India was valued at over USD 3 Billion which has expanded spurred by the rapid growth in consumer markets. Per capita consumption of packaging in India is low reflecting a high potential for advanced packaging technologies and packaging machinery. Indian manufacturers are emerging with the latest designs of packaging machinery to cope with the industrial demand worldwide. The technical support, quality, and competitive pricing which the client can get from Indian manufacturers are some of the most important reasons for India emerging successfully in the market.
North America is considered the world’s largest consumer of packaging with packaging giants such as International Paper, Tetrapak, Reynolds Group, Ball Corporation, and Ownes. Growing demand for highly automated and integrated machines, coupled with favorable packaging and labeling regulations, is anticipated to propel the market’s growth. Rising demand for cosmetics, increased sales of entertainment equipment, increased consumption of single-use packaging, an increase in good exports, and rapid urbanization would also drive market growth across the region. The Association for packaging and processing technologies (PMMI) present in the North American region represents more than 950 North American manufacturers and suppliers of packaging equipment and components. FFS machines contribute nearly 45% of the revenue share in the region’s packaging machinery market and are further expected to continue growing.
The European packaging machinery market is well-established in Germany & Italy. By end-users, the food segment is projected to acquire more than 35% of the market share by 2027. The demand for ready-to-eat and frozen foods is strong in the European region owing to the growing workforce and the expansion of the retail sector, which will propel the market’s growth. However, obstacles like a lack of regulatory structures, excessive bureaucracy and often inadequate infrastructure hamper market growth.
Germany leads the world in the production of packaging machinery, with one out of every three machines used being made in Germany. Globally Germany is the third largest market for machines, occupying 28% share in Europe. However, the recent “America First” policy issued by President Trump to levy tariffs on steel and aluminum imports from the European Union is expected to restrict growth for a long time. China, South Korea, and India are other major markets for imports of packaging machinery from Germany.
Italian packaging machines are globally recognized for their excellence, after Germany with a 22% revenue share in Europe. With more than 600 active companies, Italian packaging machines have been able to achieve a position of real leadership, competing with German companies for international supremacy. The 633 Italian packaging machinery manufacturers are mainly concentrated along the Via Emilia (the so-called Packaging Valley), with further production districts located in Lombardy, Piedmont, Veneto, and Tuscany.
The rising demand for packaged food and beverages across South America, coupled with the growing pharmaceutical and personal care industries, is anticipated to drive the demand for packaging machinery over the forecast period. In Brazil, the packaging sector provides opportunities for the application of enhanced technologies as well as new types of materials that can improve the product’s lifespan. High growth rates across Brazil are estimated due to rising personal incomes, resulting in higher demand for a broad range of products, which, in turn, creates growth for the producers of such packaged products. The Brazilian packaging market is the fifth largest in the world, with the seventh largest economy in the world by nominal GDP.
In Middle East & Africa region, Saudi Arabia is a prominent market for packaging machinery; as most manufacturers are introducing additional enhanced functionalities. They are aiming to include cost-effectiveness, high seal strength, and safe procedure/transportation into the packaging machine qualities. The country has a huge consumer base engaged in a wide range of industrial activities that are boosting the demand for effective packaging machinery. In 2020, there were more than 200 industries reported that could take a lead in the packaging machinery market. Although the region is in an emerging phase for this technology, higher technological advancements and growing adoption of sustainable packaging machines are expected to fuel the overall market growth for the Middle East & Africa packaging machinery market by 2027.
Considered in the Report
Geography: Global
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027
Table of Content
1. Executive Summary 2. Report Methodology 3. Market Structure 3.1. Market Considerate 3.2. Market Definition 4. Economic /Demographic Snapshot 5. Global Packaging Machinery Market Outlook 5.1. Market Size By Value 5.2. Market Share 5.2.1. By Region 5.2.2. By Machine Type 5.2.3. By End-Use 5.2.4. By Country 5.2.5. By Company 6. North America Packaging Machinery Market Outlook 6.1. Market Size By Value 6.2. Market Share 6.2.1. By Country 6.2.2. By Machine Type 6.2.3. By End-Use 6.3. US Packaging Machinery Market Outlook 6.3.1. Market Size By Value 6.3.2. Market Share 6.3.2.1. By Machine Type 6.3.2.2. By End-Use
US, Canada, Mexico United Kingdom, Germany, France, Italy, Spain, Netherlands China, Taiwan, India, Japan, South Korea, Singapore Brazil, Columbia, Argentina, Saudi Arabia, UAE, South Africa,
Company profiles
KHS Group Tetra Laval International S.A. Krones AG Coesia S.P.A. Syntegon Technology GmbH Herma GmbH GEA Group Aktiengesellschaft SIG Combibloc Group Limited CKD Corporation Fuji Machinery Co., Limited The Adelphi Group of Companies ProMach, Inc. Marchesini Group S.p.A. Viking Masek Global Packaging Technologies Sacmi Group Bradman Lake Limited Omori Machinery Co. Limited Industria Macchine Automatiche S.P.A Premier Tech Chronos Limited
The research report, “Global Returnable Packaging Market Outlook, 2027,” published by Bonafide Research, the market was valued at around USD 104 billion in 2021. Returnable packaging, also known as “reuse packaging,” is durable packaging meant for multiple uses in a closed-loop system. Returnable packaging includes reusable pallets, crates, intermediate bulk containers, dunnage and cargo protection, hand-held containers, and racks that move products efficiently and safely throughout the supply chain. Reusable packaging is typically used by manufacturers and their suppliers in a well-organized supply chain with very tightly managed shipping loops. There are several key macro factors that are expected to have the greatest influence over the market for returnable products and services, including government regulation, automation, and public concern for the environment. The Asia-Pacific region is dominating the returnable packaging market, followed by Europe and North America. However, the regions of Latin America and the Middle East & Africa are contributing for approximately 11% of the market in 2021.
The research report, “Global Flexible Packaging Market Outlook, 2027,” published by Bonafide Research, the market was valued at around USD 242 billion in 2021. Flexible packaging uses quite a wide range of materials that include plastic, paper, polymer films, aluminum foil, metallic foil, cellulosic, and bio-plastic films. Many factors influence the selection of the materials that best suit the product to be packed, such as the layering role in the package construction, mechanical strength, barrier, printing, heat resistance, sealing parameters, visual appearance, recyclability, cost, etc. The plastic segment is leading the market with more than 65% of the value market share, and it is anticipated to capture a higher market share in the forecast years. Some of their extensive uses are bags, bottles, foils, trays, cups, pots, pouches, and bowls. Asia-Pacific region is expected to grow with higher CAGR by 2022-27 in global flexible packaging market. North America and Europe are expected to account for over 40% of market share by 2027. However, the Latin America and Middle East & Africa markets are projected to witness moderate growth by the end of the forecast period.
The research report, “Global Temperature Controlled Packaging Solutions Market Outlook, 2027,” published by Bonafide Research, the market is anticipated to grow at a CAGR of more than 9.78% between 2021 and 2027. Choosing the right packaging option to maintain the required temperature of the shipment is a vital part of the supply chain. Active packaging systems have electrically controlled cooling and heating systems or use dry ice for cooling. Passive packaging systems contain insulated boxes or containers with no active temperature control. The market for active packaging is mainly driven by the pharmaceutical and healthcare segments. In the COVID-19 pandemic situation, the demand for vaccines and other related products has increased significantly. In pandemic situations, temperature-controlled packaging systems have played a vital role in the supply and distribution of vaccines and other related products. In 2021, North America is leading the global market follwed by Asia-Pacific and Europe regions. In the same year, Latin America and Middle East & Africa are contributing for over 11% together.
The research report, “Global Rigid Plastic Packaging Market Outlook, 2027,” published by Bonafide Research, the market was valued at around USD 197 billion in 2021, and it is anticipated to grow at a CAGR of 5.73% from 2022 to 2027. Rigid plastic packaging is packed with rigid designs that usually include plastic bottles and jars, plastic boxes, trays, plastic cups, etc. Rigid plastic packaging is more expensive, heavier, and provides better protection. Rigid plastic packaging involves the utilization of plastic materials such as polyethylene terephthalate, polyethylene, polypropylene, high-density polyethylene, and many other resins used for the packaging of new bottles, bulk products, containers, and various other plastic products. Rigid plastic packaging materials are durable and lightweight. Asia-Pacific region is dominating the market in 2021 followed by Europe and North America. Whereas, South America and Middle East & Africa are expected to witness moderate growth rate.
No tener un crecimiento sostenido se volvió un problema estructural y crónico en nuestra economía que lleva décadas sin encontrar solución. El 2021, año en que el producto creció más de 10 puntos, estuvo lejos de ser la excepción. El paso del tiempo demostró que se trataba de un efecto “rebote” o de una recuperación post pandemia en la cual la actividad económica sufrió un freno atípico.
Dos son los factores que apoyan esta conclusión. Por un lado, en diciembre del 2022 el Estimador Mensual de Actividad Económica (EMAE) registró una caída mensual del 1,0% y el año cerró con una caída del 1,2% (con meses presentando variaciones oscilantes y cercanas al 0%). Por otro lado, los rubros que lideraron los aumentos fueron los vinculados a la hotelería, restaurantes y actividades de esparcimiento, precisamente aquellos que más fueron afectados por las restricciones durante la pandemia.
En este contexto cabe indagar sobre los factores que frenan el crecimiento y sus posibles soluciones.
ALTOS NIVELES DE INFLACIÓN
El papel de la inflación sobre el estancamiento de la inversión es crucial. De la mano de la inflación vienen las distorsiones en los precios, la imprevisibilidad, la incertidumbre y el riesgo a la hora de hacer negocios. Lo cual reduce los incentivos para invertir en el sector real.
La causa principal de los altos niveles inflacionarios actuales es el déficit fiscal financiado con emisión monetaria. Como los pesos emitidos no son demandados por la población, por falta de confianza en la moneda, el gobierno utiliza instrumentos como las Leliq para eliminar este exceso aumentando su endeudamiento y la tasa de interés de referencia que supera el 100%.
Para reducir la inflación es necesario equilibrar las cuentas públicas, es decir, que el gobierno no gaste por encima de los ingresos. Medidas que van en esta dirección y tienen efectos en el corto plazo son el control del gasto en subsidios económicos y en asistencialismo.
Sin embargo, no sería suficiente con esto y a largo plazo se necesitaría un ordenamiento tributario que simplifique los impuestos y no genere incentivos a la elusión y evasión, un ordenamiento funcional para que el gobierno nacional no duplique gastos entrometiéndose en responsabilidades que le corresponden a las provincias y municipios y un ordenamiento previsional.
ESTRANGULAMIENTO DEL SECTOR EXTERNO
Tanto las exportaciones como las importaciones de insumos y bienes de capital son cruciales para el crecimiento. Por un lado, las exportaciones son una de las principales fuentes de divisa y propician la inserción del país en cadenas globales de valor. Por otro, las importaciones tienen un rol fundamental en la producción. Casi la totalidad de las empresas de nuestro país son PyMES y dependen fuertemente de insumos importados.
Actualmente estas empresas están atravesando grandes dificultades para obtener las divisas que necesitan para importar. El actual Sistema de Importaciones de la República Argentina (SIRA), para evitar que los dólares se vayan de la economía, limita el otorgamiento de los permisos de acceso al tipo de cambio oficial para pagar importaciones.
Tampoco es viable para las PyMES acceder a las divisas a través del dólar MEP. Esto es así porque si han operado en el Mercado Único Libre de Cambio (MULC) quedan inhibidas para operar en el mercado oficial por 90 días. Asimismo, utilizar los dólares físicos con los que cuentan sus dueños tampoco es una opción debido a las restricciones legales. Lo cual la situación se torna en un laberinto sin salida.
Lo anterior se ve reflejado en los datos de intercambio comercial que publica INDEC donde en diciembre del 2022 las exportaciones e importaciones cayeron 7,1% y 19,3% respectivamente, con respecto al mismo mes del 2021.
MÚLTIPLES TIPOS DE CAMBIO
Ante la escasa capacidad de colectar dólares y los bajos niveles de reservas, durante el 2022 tomaron importancia medidas que llevaron a aumentar el número de tipos de cambio presentes en la economía. Entre ellos encontramos el “Dólar soja”, “Dólar Qatar”, “Dólar Coldplay” que se sumaron a los que ya existían como el “Dólar oficial”, “Dólar blue”, “Dólar MEP”, entre otros.
El actual esquema no hace más que complejizar las interacciones de los ciudadanos, que buscan proteger sus ingresos y ahorros, y del sector productivo, que necesitan datos ciertos (precios) para tomar decisiones de inversión.
Si bien a largo plazo el foco siempre debería estar puesto en un ordenamiento integral del Estado, una alternativa inmediata y menos nociva sería aplicar un desdoblamiento formal en dos tipos de cambio: un dólar oficial o comercial, controlado por el Banco Central, para las exportaciones e importaciones y otro financiero destinado al resto de las actividades económicas.
Los factores que impiden el crecimiento demuestran que, si el Estado funciona mal, la economía va a funcionar mal y la sociedad la va a pasar mal. Para crecer son necesarias instituciones de calidad, que solo puede proveer un Estado financieramente equilibrado y eficiente.
Surge in urbanization and an increase in the disposable income and the growth in construction across the world drive the global plastics processing machinery market. Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly three-fifths of the global plastics processing machinery market share.
According to the report published by Allied Market Research, the global plastics processing machinery market garnered $26.2 billion in 2021, and is estimated to generate $40.7 billion by 2031, manifesting a CAGR of 4.4% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
Report coverage & details:
Report Coverage
Details
Forecast Period
2022–2031
Base Year
2021
Market Size in 2021
$26.2 billion
Market Size in 2031
$40.7 billion
CAGR
4.4%
No. of Pages in Report
343
Segments covered
type, material, end user industry, and region
Drivers
Surge in urbanization
An increase in the disposable income
The growth in construction across the world
Opportunities
Technological innovations
Restraints
High cost of many plastics processing machinery such as injection molding machinery
Plastic is negatively affecting the earth’s environment, causing pollution, and disturbing life in the ocean as well as on land
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global plastics processing machinery market, owing to implementation of global lockdown which resulted to hamper construction and automotive segments.
Supply chain was disrupted due to import & export restrictions. Manufacturers faced shortage of labor and unavailability of raw materials.
However, the market has already recovered in the post-pandemic.
The research provides detailed segmentation of the global plastics processing machinery market based on type, material, end user industry, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on type, the injection molding machines segment held the highest share in 2021, accounting for nearly two-fifths of the global plastics processing machinery market, and is expected to continue its leadership status during the forecast period. However, the vacuum forming segment is expected to register the highest CAGR of 5.0% from 2022 to 2031.
Based on material, the polyolefin segment accounted for the highest share in 2021, contributing to around half of the global plastics processing machinery market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the polyethylene terephthalate (PET) segment is expected to manifest the highest CAGR of 5.3% from 2022 to 2031.
Based on end user industry, the packaging segment accounted for the highest share in 2021, holding nearly two-fifths of the global plastics processing machinery market, and is expected to continue its leadership status during the forecast period. However, the consumer goods segment is estimated to grow at the highest CAGR of 5.1% during the forecast period.
Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly three-fifths of the global plastics processing machinery market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the LAMEA region is expected to manifest the fastest CAGR of 5.1% during the forecast period. The research also analyzes regions including North America and Europe.
Top Players: Leading market players of the global plastics processing machinery market analyzed in the research include Graham Engineering Company, LLC, Husky Technologies, Sumitomo Heavy Industries, Ltd., Nissei Plastic Industrial CO., Ltd, SACMI Group, Haitan International Holdings Ltd., Wilmington Machinery, Incorporated., ARBURG GmbH Co. KG., Hillenbrand, Inc. (Milacron), Shibaura Machine CO., LTD.
The report provides a detailed analysis of these key players of the global plastics processing machinery market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Major players in the farm machinery and equipment market are AGCO Corporation, CLAAS KGaA mbH, CNH Industrial N.V, Escorts Group, ISEKI & Co. Ltd, John Deere (Deere & Company), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.
Reportlinker.com announces the release of the report “Farm Machinery And Equipment Global Market Report 2023” p.A. (SDF), and Valmont Industries Inc.
The global farm machinery and equipment market will grow from $216.1 billion in 2022 to $232.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The farm machinery and equipment market is expected to grow to $303.75 billion in 2027 at a CAGR of 6.9%.
The farm machinery and equipment market consists of sales of combine harvester, rotavator or rotary tiller, plough or plow, tractor trailer, power harrow, leveler, water bowser, ripper machine, and disc harrow. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The farm machinery and equipment refer to equipment engaged in manufacturing agricultural and farm machinery and equipment, and other turfs and grounds care equipment, including planting, harvesting, and grass mowing equipment (except lawn and garden-type).
The Asia Pacific was the largest region in the farm machinery and equipment market in 2022.North America was the second largest region in the farm machinery and equipment market.
The regions covered in the farm machinery and equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of farm machinery and equipment are cultivator, rotator, chisel plow, harvester, roller, field sprayer and spreader, irrigation system, livestock equipment, tractors, and other types. Chisel plow refers to a soil tillage device pulled by a tractor or animal, used to break up and stir soil a foot or more beneath the surface without turning it.
The capacities are small, medium, and large. The operation is manual, semi-autonomous, and fully autonomous.
The various applications involved are spraying, water supply and conservation, cultivation, harvesting, seeding, weeding, livestock farming, and other applications.
The integration of Internet of Things (IoT) applications in farm equipment is expected to drive the market for farm machinery and equipment. The world’s population will surpass 9 billion people by 2050.
Farmers need access to better instruments and practices that will help them to deliver more agricultural products in less time. Farmers need to adopt new and modern technologies to produce food for the ever-expanding population.
For instance, the utilization of a smart greenhouse that operates with the help of IoT enables monitoring and controlling of climate without human intervention. The IoT sensors in the smart greenhouse provide information on the light levels, pressure, humidity, and temperature and also control the actuators automatically to open a window, turn on lights, control a heater, turn on a mister, or turn on a fan.
Therefore, IoT help increases production with reduced labor and drives the farm machinery and equipment market.
Eco-friendly electric tractors are likely to be an emerging trend in the farm machinery and equipment market. Eco-friendly tractors operate through electronic batteries that can be recharged simply by plugging them into a standard socket and don’t require any kind of fuel that creates air pollution.
There are also many tractors where farmers can install wind or solar power to produce electricity to charge the tractor’s batteries. For instance, in India, in March 2020, a startup company Celestial E-Mobility launched an electric tractor, which is not only eco-friendly and cost-effective but also gives the same power as that of its diesel counterpart and is available cheaper than diesel tractors.
The zero-emission tractor features battery swapping, and regenerative braking, and also helps to power an UPS.
In October 2020, Escorts, an Indian multinational conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment acquired a 40 % stake in Kubota agricultural machinery for an undisclosed amount. This acquisition will raise Kubota’s stake in the Indian company to 14.99% from 9.09%, Escorts. Kubota is an India-based agricultural machinery manufacturer.
The countries covered in the farm machinery and equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The farm machinery and equipment market research report is one of a series of new reports that provides farm machinery and equipment market statistics, including farm machinery and equipment industry global market size, regional shares, competitors with a farm machinery and equipment market share, detailed farm machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the farm machinery and equipment industry. This farm machinery and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
