Metal detectors for packaging: Market introduction
With rapid industrialization, use of metal detecting machines is increasing in food packaging industry due to restricting the coagulation of metal particles in food & beverages and pharmaceutical products. Metal detecting machines are commonly used in the packaging industry for quality control of products in food processing, pharmaceuticals, agriculture etc. Metal detectors offer high functionality to the manufacturers resulting in a high production process. Use of metal detectors in food & beverage industry is increasing for ensuring customer protection. Metal detectors provide protection against both ferrous and non-ferrous metals (aluminum, steel etc.). Metal detectors can be installed at various steps of a production process or at the entrance and exit of the production processes. Metal detectors are used in many applications such as bakery products, fruits, and vegetables, meat and sausages etc.
Metal detectors for packaging: Market dynamics
To follow stringent regulations related to consumer protection, manufacturers are focusing on innovation in inspection machines. Metal detectors benefit manufacturers from their ability to detect all metals, is a key factor for the growth of metal detector market. Metal detectors provide buffer or window of opportunity to the manufacturers to investigate the production and packaging processes. Some of the key factors driving the metal detectors market in packaging are reduced labor cost, high production process etc. Metal detectors help in speeding up the production process as manual inspection of metallic contamination is reduced, thus helping manufacturers in reducing the labor cost. In addition to cost-effectiveness, metal detectors are also used to protect machinery parts against small metal particles which can lead to machine failure, which may hamper the production process. Furthermore, it may increase the maintenance cost and increases time delay. Metal detectors enable the manufacturers to maintain a high quality of their product by eliminating the metal content from the product and reducing the risk of health issues among consumers.
However, some of the restraints that manufacturers face are the high installation cost of metal detecting equipment. Furthermore, incompatibility of metal detectors with food products packed in metalized barrier films may hamper the growth in use of Metal detectors for packaging. In addition to compatibility, the high installation cost of metal detectors may repel small and medium scale manufacturers from installing metal detectors.
Metal detectors for packaging: Market segmentation
The metal detector in packaging market is segmented on the basis of product type, frequency type, application, and end use.
On the basis of product type, metal detectors can be segmented as
- Rectangular aperture
- Pipeline liquid, paste and slurry
- Gravity fall
- Metal detectors with conveyor
On the basis of frequency type, metal detectors can be classified as
- Low frequency
- High frequency
On the basis of applications, metal detectors cam be segmented as
- Bread and bakery products
- Meat and sausages
- Fruits and vegetables
- Dairy products
On the basis of end use, metal detectors can be segmented as
- Food and beverages industry
- Electronics and electrical industry
- Agriculture industry
Metal detectors for packaging: Regional outlook
Metal detectors for packaging market have been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America is expected to have the highest market share of the metal detector in packaging due to the government stringent regulations related to consumer protection in food processing, pharmaceutical etc. APEJ is anticipated to have an above average CAGR during the forecast period. MEA region is expected to register below average CAGR due to the stagnant economy. Western Europe is expected to gain significant market share in Metal detectors for packaging due to growing food and beverage industry.
Metal detectors for packaging: Key players
Some of the global key players in the field of metal detectors are Advanced Detection Systems, Master Magnets Ltd, The Tamis® Corporation, Loma Systems, Valiant Industries, LLC., Eriez Manufacturing Co., DIBAL, S.A.
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.
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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.
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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?
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