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Even though the coronavirus crisis has affected supply chains, manufacturers in the confectionery packaging machine market have been working at breakneck speed to meet the demands of consumers. Growing revenue opportunities in mobile grocery apps, social media platforms, and eCommerce are grabbing the attention of market stakeholders.
The renewed interest in pre-packaged and processed bakery items is generating income sources for companies in the confectionery packaging machine market. Machine manufacturers are increasing efforts to meet the on-demand needs of end-users due to the volatile demand for confectionery products. The burgeoning growth of the HoReCa (Hotel, Restaurant, Café) industry after the COVID-19 pandemic is another driver for the market. The newfound appreciation for single-use packaging, owing to hygiene and food safety requirements is growing prominent. Moreover, labor shortages have led to automation trends in the confectionery business.
Manufacturers Help Users Make Informed Investment in Chocolate Coin Wrapping Machines
The confectionery packaging machine market is expected to expand at a CAGR of 4.5% during the forecast period. Chocolate coin wrapping machines are being optimized to make sure they function in the right working condition. However, the initial cost of purchasing and setting up the machine in the production line is high. Moreover, these machines cover a wide floor area such as a big room to set up operations. Hence, machine manufacturers are helping end-users to make an informed decision by educating them about total power requirements and machine dimensions, including weight and size. Such services are helping machine manufacturers to boost their credibility credentials.
Touch screen and PLC (Programmable Logic Controller) control systems are being introduced in chocolate coin wrapping machines.
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Automation Solutions Help Improve Production Operations and Efficiency
The confectionery packaging machine market is projected to reach a valuation of US$ 4.7 Bn by 2031. The proliferation of automated technology in the confectionary business is helping to reduce safety risks and optimize the management of resources. Machine manufacturers are increasing the availability of fully automated systems with integrated controls, monitoring, and interface software, which complement each other. These technologies enable the creation of new tastes and shapes.
Companies in the global confectionery packaging machine market are increasing their R&D in computerized production, which helps to cope with changing consumer preferences. Automation solutions provide information on the overall efficiency of equipment so that facility managers can improve production operations and efficiency.
Robotics & Data Analysis Meet Ever-changing Needs of Consumers
The growing popularity of Industry 4.0 is translating into incremental opportunities for companies in the confectionery packaging machine market. Machine manufacturers are innovating in packaging lines that are flexible enough to cope with rapid product changes, customizations, and small batch sizes. Functional snack bars, fortified gummies, and seasonal chocolate treats are generating value-grab opportunities for machine manufacturers.
The rising need for fast, flexible, and sustainable production of confectionary is boosting the demand for automated production lines. Companies in the confectionery packaging machine market are increasing their focus on technologies such as robotics and data analysis as a means to increase versatility and meet the ever-changing needs of consumers.
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The rapid growth of eCommerce and labor shortages are leading to the wide-scale adoption of automation technologies amid the ongoing coronavirus crisis. The ever-evolving nature of the confectionary business has heightened competition and created innovation challenges for market stakeholders. Hence, companies in the confectionery packaging machine market should increase their focus on automation trends and Industry 4.0 to gain a competitive edge over other market players. Software solutions are being publicized to combine machine performance monitoring with comprehensive data capture to help maintain machines at optimum levels. These software solutions are able to gather and store information on machine runtimes, downtime, and alarm logs.
Confectionery Packaging Machine Market: Overview
According to Transparency Market Research’s latest research report on the global confectionery packaging machine market for the historical period, 2017–2019 and the forecast period 2021–2031, the strong presence of key confectionery sector players in regions such as Europe presents lucrative opportunities in the global confectionery packaging machine market. Moreover, the implementation of stringent laws for the adoption of quality packaging machinery fuels the growth of the confectionery packaging machine market, especially in developing countries.
In terms of revenue, the global confectionery packaging machine market is projected to reach the value of US$ 4.7 Bn by 2031, expanding at a CAGR of 4.5% during the forecast period
Rapid Growth of Confectionery Sector to Drive Global Confectionery Packaging Machine Market
In the past few years, the rise in chocolate culture across the globe has encouraged confectioners to adopt advanced machinery to meet the demand among end users, for smooth operation and to enhance overall productivity. This factor is projected to boost the growth of the global confectionery packaging machine market.
The influence of western culture on the food habits of consumers in developing countries is anticipated to fuel the demand for confectionery in the near future. This, in turn, is expected to propel the sales of confectionery packaging machines, as several suppliers depend on these machines to enhance overall plant capacity. This is likely to fuel the growth of the global confectionery packaging machine market.
The rise in disposable income, augmented purchasing power, increase in demand for confectionery items, and a surge in the number of regional companies, particularly in emerging countries, are anticipated to drive the global confectionery packaging machine market
Key Players Targeting New Customers: Key Opportunity in Global Confectionery Packaging Machine Market
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Confectionery Packaging Machine Market: Competition Landscape
Confectionery Packaging Machine Market: Key Developments
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