Packaging can be said as the face of a product, communicating with the consumers, in absence of the marketers. The idea of packaging, as a means of carriage, got changed with innovation and technology. With the advent of technology, packaging industry came up with various processes and forms of packaging to meet the modern requirements. The introduction of machines over human labor to make packaging easier, safer, faster, effective and efficient, was one unmatched step, in the history of industrialization. Among many machines utilized in packaging, dual component packaging machines holds an important area in the adhesive, resin and sealant packaging industry.
Dual component packaging machines are of great use in the packaging of consumer goods as well as industrial goods. Modern hi-tech features of packaging such as separate compartments packaging, multiple mixing ratio and accurate dispensing proportion, drive demand among the key manufacturers of adhesives and sealants. Such trends and tripping points, have expanded the scope of dual component packaging machines, driving the demand throughout the forecast period. Moreover, demand from various application sectors including pressure sensitive products, construction, furniture, footwear, electronics and automotive industries is expected to augment the growth of the dual component packaging machines market.
Hugh economic shifts and momentous changes in the global consumption pattern, drive demand for the adhesive, resin and sealant market. This will ultimately result in boosting the sales of dual component packaging machines market, which is expected to grow at a healthy CAGR during the forecast period. In consort with the demand for adhesives in the leather and construction industries is anticipated to fuel the demand for the dual component packaging machines market, globally.
The global dual component packaging machine market is segmented on the basis of type, size and application.
Based on the machine type the global dual component packaging machine market is segmented into:
- Cartridge Packaging Machine
- Syringe Packaging Machine
- Burst-Bag Packaging Machine
- Down Packaging Machine
- Spray Systems Machine
- Other dual component packaging machines (Premixed & Frozen Cartridges Packaging Machine, Premixed & Frozen Syringes Packaging Machine)
Based on the machine size the global dual component packaging machine market is segmented into:
- High volume dual component packaging machines
- Mid volume dual component packaging machines
- Low volume dual component packaging machines
Based on the end-use industry the global dual component packaging machine is segmented into:
- Adhesive industry
- Resin industry
- Sealant industry
In terms of geography, the global dual component packaging machines market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The global dual component packaging market is expected to register healthy CAGR during the forecast period. Asia-Pacific is anticipated to be the dominant market for dual component packaging market followed by Europe and North America. Factors such as urbanization, increasing standard of living along with an increase in sales of adhesives, resin and sealant, will stimulate the demand for the dual component packaging machines market globally.
Some of the key players in the global dual component packaging market are Adhesive Materials Group, Masterbond, Adhesive dispensing Ltd, Prairie Technology Group Inc., Interplex, Dispense Park Inc., Dispense rite, Henkel, Sulzar Mixpac USA Inc, Master Bond Inc., etc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.