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Allied Market Research

Check Weighing Machines Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

A11965
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Aug 2021 | 61 Views
   
Author(s) : Onkar Sumant
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COVID-19

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The check weighing machines market is heavily influenced by technological advancements and breakthroughs in the weighing machinery sector. Check weighing machines are high-precision measurement devices that are used to verify the packed product's weight. It weighs the item, compares the measured value to the pre-set value, then rejects or ranks the item depending on that value. Any product whose weight exceeds the specified restrictions is automatically removed from the queue. Check weighing devices have proven quite useful to categorize packed items into weight classifications. Before shipping or storing, check weighing machines properly assess the weight of the packaged goods to guarantee that it is the exact weight. Depending on where it will be utilized, a wide range of weight capacities and speeds are offered. Check weighing machines make sure that the shipments aren't under- or over-weighed. This aids in the uniformity and precision of the packing process, and is thus an important component of the quality control system.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2022–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  System, Type, Application, and Region

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Hardy Process Solutions, Inc., VEMAG Maschinenbau GmbH, Multivac, Inc., Ishida Co., Ltd., MinebeaMitsumi Inc., Imanpack Packaging and Eco Solutions S.p.A., Dibal, S.A., Shenzhen General Measure Technology Co., Ltd, Thermo Fisher Scientific Inc., Mettler-Toledo International Inc.

 

COVID-19 Impact Analysis:

  • COVID-19 pandemic has shut-down the production of various products in the check weighing machines industry attributed to the lockdown in countries worldwide. This has hampered the growth of market from the last few months, and is likely to continue during 2021.
  • COVID-19 has already affected the sales of check weighing machines in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
  • The major demand for check weighing machines was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are badly affected by the spread of the coronavirus, thereby halting/decreasing the demand for check weighing machines.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. The check weighing machines companies can afford a full lockdown only for a few months, after which the players have to modify their investment plans.
  • The check weighing machines manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Checkweighing is becoming a need for package makers to meet quality requirements and ensure consumer satisfaction in an increasingly competitive environment, which might be a key driver for the growth of the checkweighing machines market. Manufacturers prefer to go through a quality check utilizing checkweighing equipment in order to comply with weights and measures regulations. Few restrictions and obstacles such as the high initial setup cost and high ownership cost of dynamic check weighers are inhibiting market expansion. Furthermore, the negative influence of extreme weather conditions on the weighing accuracy and efficiency of automatic check weighers hinders the market growth.

The global check weighing machines market trends are as follows:

Increase in number of governing body regulations

These devices also aid in the reduction of waste and wasteful product giveaways during the manufacturing process. The global market for checkweighing machines is predicted to rise in tandem with the rise in demand for packaged food, owing to the wide variety of applications in the food & pharmaceutical packaging industries. The rise in number of governing body requirements is another major driver for the global checkweighing machines market. When a packaged product fails to meet the criteria, regulatory organizations impose severe fines. Checkweighing machines may be coupled with other inspection equipment like as metal detectors and x-ray systems to assist producers save space and money when it comes to quality control.

Growing of FMCG (Fast Moving Consumer Goods) sector

The FMCG (Fast Moving Consumer Goods) sector is one of the world's fastest expanding industries, with over one billion people predicted to join the middle class by the end of FY2020, boosting the consumer goods business even more. This is one of the most important aspects that will influence the growth of the checkweighers market. Consumers like to buy things online, and end users such as pharmaceuticals, food & beverage, retail, and general purpose are important contributors to the global e-commerce market's development. As a result, the need for packaging in the e-commerce business has risen dramatically, owing to the use of industrial solutions such as checkweighers, which aim to boost overall productivity, accuracy and efficiency. As a result, checkweighers are being used by a large number of production and distribution enterprises. This is expected to boost the growth of the market.

Key segments covered:

Segments

Subsegments

  System

  • Standalone system
  • Combination system

  Type

  • Manual Checkweighing Machines
  • Semi-automatic checkweigher
  • Automatic Checkweighing Machines

  Application

  • Food & Beverages
  • Chemicals
  • Pulp and paper industry
  • Transport and logistics
  • Agriculture
  • Pharmaceuticals

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Check weighing machines industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Check weighing machines market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the Check weighing machines market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.
  • The report provides a detailed global Check weighing machines market analysis based on competitive intensity and how the competition will take shape in coming years.a
 
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