APRIL 20244Improving labor productivity & providing improved product protectionThe global packaging machinery market is anticipated to register a CAGR of 4.6 percent until 2030. Some of the factors driving the growth of this market include the surge in demand for packaged foods and beverages and increasing consumer spending on personal care products and pharmaceuticals. The global FIBC market size is expected to reach $ 6935 million by 2030, registering a CAGR of 5.1 percent. Change in consumer preferences towards reusable packing owing to the awareness of environmental protection as well as waste reduction are expected to increase the demand for FIBC. As the trends reshape the packaging machinery and FIBC segment, we have come up with this special issue that focuses exclusively on these segments. The cover story of this issue features Best Enterprises. As an enterprise that stands out for its quick adoption of cutting-edge technologies, Best Enterprises offers machineries with unique features. For instance, in addition to the Programmable Logic Controllers which are commonplace in the industry, Best Enterprises offers computer vision solutions which are still in the nascent stages of the industry. Using this system, which the company anticipates will become widely used in the industry, Best Enterprises can manufacture smarter machines. The issue also features Innova Polypak. The company is committed to adaptability and a proactive, stance in addressing challenges inherent in the dynamic global trade environment. Innova Polypak embodies a synthesis of innovation, quality, and unwavering commitment. The company's journey is marked by a relentless pursuit of excellence from pioneering cutting-edge technologies in its manufacturing processes to actively addressing challenges posed by global logistics intricacies. Keeping tabs on this market, we have shortlisted the top 10 companies that have exhibited an unrelenting pursuit for excellence. By proving their dedication to fulfilling customer expectations and contributing to the market's evolution through their innovative disposition, these companies are blazing a trail for others to follow and setting an example for them. We look forward to receiving your feedback and suggestions. Sudhakar SinghManaging Editoreditor@theindustryoutlook.comVol 2 · Issue 4 - 1· APRIL, 2024Publisher Alok ChaturvediManaging Editor Sudhakar SinghAssociate EditorIndranil ChakrabortyAssistant Editor Hima P MEditorial Team Design ManagerPrabhu Dutta A.R.N Ray Senior DesignerRajesh R B Visualizer V Hari PriyaAdvertising QueriesPrajnya Paramita Bhol Jaya Arora Rubi KumariGM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Technologies Pvt. Ltd. and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2024 Biz Print Media Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Viswanathan A Roshan Akthar Nalini Bramhanapalli
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