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Secondary Packaging Equipment

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Category Alerts


CATEGORY ALERTS

Graphic Packaging International to unveil ClipComb, a new approach to packaging machinery system development, at drinktec 2022

July 25, 2022
alert level: Medium
CATEGORY ALERTS

KHS presents variety or rainbow pack

August 01, 2022
alert level: Medium
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Transparency on the carbon footprint: calculation and certification

August 17, 2022
alert level: Medium

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Secondary Packaging Equipment Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Secondary Packaging Equipment category is 6.60%

Payment Terms

(in days)

The industry average payment terms in Secondary Packaging Equipment category for the current quarter is 71.6 days

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Engagement Model

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Sourcing Process

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Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Secondary Packaging Equipment Suppliers


    2,261
    Total Suppliers
    48
    Diverse Suppliers
    74
    Normalized Supplier Rating
    Secondary Packaging Equipment Supplier

    Find the right-fit secondary packaging equipment supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    WW Grainger
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    3
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    54
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    42
    Human rights
    49
    Community Environment
    55
    Corporate governance
    56
    Human resources
    27
    Security Scorecard
    85

    Threat indicators
    B
    89
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    69
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    83
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    grainger.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    1
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    1
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    1
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    1
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    55
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Secondary Packaging Equipment market frequently asked questions


    The global secondary packaging equipment market size was US$12.96 Bn in 2019 and is expected to reach US$17.67 Bn value by 2025, growing at 5.3% CAGR.

    Rising deployment of automation in the packaging industry, development of innovative and energy-efficient packaging equipment, increasing global consumption of consumer goods, increasing reliance on vacuum packaging machines, and uptight regulatory environment are some of the current trends impacting the global secondary packaging equipment market.

    The installment of secondary packaging equipment in the pharmaceutical industry is increasing at a healthy growth rate, given the basic need for essential medicines and drugs for geriatrics and the rising use of disposable medical devices.

    The cost of high-tech and customized packaging equipment has increased over the recent past. While replacement and spare components sales account for 20% of the overall market, the lack of channel partners dilutes the sales network in the emerging regions.

    Tech-based advances improve the overall operational and cost efficiency, thus promoting sustainability. Further, multi-purpose equipment and machines with rapid changeovers are gaining more momentum. As such, several companies are procuring innovative secondary packaging equipment to optimize their manufacturing processes.

    About 6 out of 10 secondary packaging equipment find usage in the food and beverage (F&B) industry. Increasing consumption of ready-to-consume products and heightening consumer awareness regarding packaging quality and functionality are driving this trend.

    Secondary Packaging Equipment market report transcript


    Regional Outlook-Secondary Packaging Equipment

    • The global market size for secondary packaging equipment was estimated at US $12.96 Billion in 2019 and is projected to grow at a CAGR of 5.3%, to reach a market size of US $17.67 Billion by 2025

    • Asia-Pacific growth rate is expected to be dominant geographical market for the packaging machinery market due to the presence of a large number of food & beverage and personal care product manufacturers in the region.

    • The global market size for packaging equipment was estimated at US $47.87 Billion in 2019 and is projected to grow at a CAGR of 5%, to reach a market size of US $64.28 Billion by 2025Product sales will be driven by market growth in China and other industrializing nations, where demand for processed food andbeverage products and other manufactured goods is expected to post the strongest increases as personal incomes and consumer spending rise. This is expected to result in additional investment in new manufacturing capacity and related packaging machinery across multiple geographies, to meet consumer demand of packaged goods

    • Some of the significant factors impacting the global packaging machinery market include development of innovative and energy efficient packaging machinery, increasing usage of automation in the packaging industry, rise in global consumption of consumer goods, increasingusage of vacuum packaging machines, Eurozone economic uncertainty, and stringent government regulations

    • Growing urbanization, ready to eat foods and attractive packaging of food & beverage products are the major factors boosting thedemand for packaging equipment

    • FDA regulations, enabling the market growth: The labeling equipment market which occupied a 14% market share in 2018-19, is expected to witness a strong growth in the near future owing to stringent regulations (serialization), imposed by Food & Drug administrationauthorities, worldwide, that demands companies to label their products accurately.

    Demand Analysis –Secondary Packaging Industry

    • Food and beverages, together, was estimated to contribute to around 58 percent of the global packaging machinery market in 2018. This is because, technological advancements and trends in the packaging industry are highly influenced by the end-users of the food and beverages industry alone

    • Global food industry captures the highest demand for packaging equipment. This is because, economic development is creating busy lifestyles and this is fueling the growth for convenience, but as consumers become more health conscious, there is a growing demand for both convenient and healthy options. This is driving investment in packaging machinery as a whole, which results in investing in new lines and machines. Also, consumers have become more interested in attractive labelled products, so the demand for labeling & sleeving equipment is on the rise.

    • The stringent regulations, imposed by the FDA, toward mandatory labeling, which contains the details of the products, also aids the industry growth–The beverage industry is mature in North America and Western Europe and it is growing significantly across emerging markets of South America and Asia Pacific. This industry is heavily influenced by trends—mainly portion size, attractive labeling, product information etc. As a result, the market for packaging equipment is expected to rise in the near future

    • The pharmaceutical industry holds a healthy growth rate, owing to the fundamental need of basic medicines for the ageing population along with an increasing use of disposable medical devices and increased investments for medical apparatuses in developing regions. With increased investments in health care options across matured and emerging regions, the pharmaceutical industry is subjected to less economic fluctuations. The Drug Quality Security Act (DQSA) is also compelling companies to change their supply chain processes and adopt the new labeling standards.

    Global Secondary Packaging Market Drivers and Constraints

    Drivers

    Changing consumer needs:

    • The global economy especially in developing countries is witnessing a rise in disposable incomes which results in a higher demand for a wide range of packaged goods. So, a diversification of consumer needs in relation to the packaging quality and functionality acts as an additional catalyst for the packaging machinery market

    Regulations:

    • Majority of the developing countries such as India, China etc. have been adopting regulations that impacts machinery and materials. Some of the major regulatory focus includes preventing contamination during packaging process or maintaining quality of products

    Growing technological advancements in machines:

    • Machine sales is also fostered by growing technological advancements in packaging equipment that are process/cost efficient and adding to sustainability. Multifunction machines and machines with quick changeovers are becoming more common, and companies in recent times are procuring new machines to make their process efficient. This trend is likely to take upper hand in near future

    Constraints

    Increasing cost of equipment:

    • The cost of high tech and customized packaging machines have risen in recent years. Replacement and spare parts sales make up to 20% of the total market, but lack of channel partners weaken the sales network in emerging regions

    Rising input costs:

    • As the packaging needs across user groups and geographies are varying rapidly, the machines are also being customized to meet the needs of changing consumer preferences. However, with catering to these needs, various input costs such as, raw material costs, labor costs, energy and power costs etc. are also rising significantly. As a result, buyers in the packaging machinery market have to constantly look for machines that optimizes power consumption to meet the emission standards and also automate the processes to spend less on labor etc.