Rise in Demand from E-commerce Industry Spurring Growth in the Packaging Machinery Market in ChinaTechnavio, the independent tech-focused global research firm, has published a report on the packaging machinery market in China 2015-2019, which is estimated to grow at a CAGR of 7.4% over the forecast period of 2014-2019.
By: Technavio “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,” says Faisal Ghaus, Vice President of Technavio. “Many e-commerce companies in the country use corrugated cartons to package and deliver their goods. They are forging partnership with logistic companies to increase their productivity levels. This has resulted in increased need for packaging machinery.” Key Market Drivers · Growing Demand from Healthcare Industry · Growth in F&B Industry Stimulating Demand for Plastic Packaging Machinery · Increased Demand for Advanced Packaging from Food Industry Key Market Trends · Robotic Packaging Machinery Gaining Popularity · Rise in Demand from E-commerce Industry · Development of Next-generation Packaging Machinery · Popularity of Green Machines · Increased Use of Nanotechnology Key Market Vendors · Guangzhou Tech-Long Packaging Machinery (Tech-Long) Co. Ltd. · Hangzhou Youngsun Intelligent Equipment Co. Ltd. · J.S. Corrugating Machinery Co. Ltd. · Newamstar Packaging Machinery Co. Ltd. To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. If you are interested in more information on this topic and our upcoming research on the Packaging Machinery Market in China 2015-2019 (http://www.technavio.com/ End
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