The expansion of the online retail industry in recent past has boosted growth of the online packaging equipment market and, thus, in turn led to rise in demand for packaging and packaging equipment across the globe. The plastic packaging equipment market has grown substantially over the past few years. The increasing purchasing power of average customers and rise in adoption of advanced packaging tools are factors that have led to the significant surge in demand for plastic packaging tools.
The type of packaging used in different types of products varies depending on the application and, thus, calls for specific packaging tools. Some of the major equipment used in plastic packaging include L-bar sealers, heat guns, shrink tunnels, bag sealers, shrink wrap system, fill and seal machines, and shrink sleeve blending machines. L-bar sealers are designed for shrink film packaging. These sealers can be manual, automatic, or semi-automatic. Selection of the type of L-bar sealer depends upon the area of application. L-bar sealers used in steel construction are usually automatic. Meanwhile, manual and semi-automatic L-bar sealers are mostly preferred in plastic packaging applications. Demand for L-bar sealers is expected to grow over the forecast period, owing to increasing volume of online retail sales.
Plastic Packaging L-Bar Sealers: Drivers and Restraints
Increased consumption and demand for consumer goods is expected to drive the need for more sophisticated packaging and, thereby, packaging equipment, which includes L-bar sealers. Ongoing economic developments in emerging economies, such as Brazil, India, and China, are expected to lead to the strong growth of the plastic packaging L-bar sealers market in these countries. On the other hand, fluctuations in raw material availability and energy prices could have a negative effect on the market growth. Furthermore, the market in Europe is also prone to economic uncertainty.
Plastic Packaging L-Bar Sealers: Segmentation
The L-bar sealer market is segmented as follows:
On the basis of product type:
On the basis of application:
- Industrial Products
- Consumer Goods
- Food & Beverages
Plastic Packaging L-Bar Sealers: Region-wise Outlook
Emerging markets such as India, Brazil, Russia, Turkey, South Korea, and China are expected to account for the largest share of the global plastic packaging L-bar sealers market over the forecast period. Asia Pacific is expected to dominate the market. Followed by Asia Pacific, Europe and North America are expected to be the next big markets; however, economic uncertainties prevailing in Europe could negatively affect the supply demand scenario in the region. The Middle East market is expected to continue to witness a robust growth over the forecast period. In Latin America, Brazil and Mexico are expected to dominate the market in the region in terms of demand for plastic packaging L-bar sealers.
Plastic Packaging L-Bar Sealers: Key Players
Key players identified in the global plastic packaging L-bar sealers market are:
- Accolade Packaging Ltd
- Venus Hartung Pty Ltd
- Plexpack Corporation
- Rennco, LLC.
- Belco Packaging Systems, Inc
- Texwrap Packaging Systems
- HEAT SEAL, LLC
- PAC Machinery
- Allen Plastic Industries Co., Ltd.
- U.S. Packaging & Wrapping LLC.
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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