Home > Industry > In 2018, the global packaging machinery market was worth $38.95 billion and was expected to reach $50.21 billion by 2026, with a CAGR of 3.3% during the forecast period

In 2018, the global packaging machinery market was worth $38.95 billion and was expected to reach $50.21 billion by 2026, with a CAGR of 3.3% during the forecast period

wallpapers Industry 2020-02-28

• Industry information

The packaging industry has experienced significant growth over the past few decades due to increased demand from several industries/sectors such as FMCG, healthcare, retail, manufacturing, automotive, etc. The packaging industry is one of the most famous industries -- this is due to several factors, including increased investment in e-commerce and retailing. Besides, the rationalization of product procurement and the minimum time limit also affect the packaging industry market growth. The packaging industry is generally divided into three categories, namely packaging manufacturing, packaging services, and packaging machinery. Among them, the packaging manufacturing industry in the packaging industry occupies the largest market share. Also, the packaging technology and machinery market are expected to grow moderately shortly.
 


 

The growth of the packaging equipment market is due to an increase in small and medium-sized packaging companies around the world. Besides, packaging machinery includes more machines for bottling lines, packing, box handling, closing, filling, and dosing. Besides, the import and export of global packaging machinery is another reason for the largest share of the above. Worldwide, there are several international and domestic packaging machinery manufacturing companies. Among them, most international players are implementing different states to standardize their machines. For example, mechanical standardization offers several advantages, such as the ability of countries to require lower procurement prices and activities to facilitate troubleshooting and maintenance.

• Bearing knowledge

Tapered roller bearings use hearing to identify irregular movements, such as electronic stethoscopes, to detect abnormal noise from a part used by experienced operators. If the bearing is in good working condition, it will give out a low whine sound. If it gives out a sharp hiss sound, cone roller bearing, squeak, and another irregular sound, it usually indicates that the bearing is in bad working condition.


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