Machinery Industry Overview

The woodworking machinery market consists of sales of woodworking machines by entities (organizations, sole traders, and partnerships) that convert raw wood materials into structural products including plywood, boards, and beams for use in construction, shipbuilding, furniture, and others. Woodworking machines are particularly built machinery that is used in workshops to cut, saw, plane, or drill wood for furniture making. These machines are primarily powered by electric motors or are mechanical and are widely used in woodworking to provide fine dimensions and shapes. The main types of products in woodworking machinery are thickness planer, grinding machines, chain or chisel mortise, routers, wood lathes, and others. Thickness planers are used to chisel wood from the surface of boards to either make rough surfaces flat and smooth or to reduce their thickness. The different operating principles include mechanical, electrical and are available in online and offline sales channels. It is implemented in various verticals including furniture industry, construction industry, and others. The global woodworking machinery market is expected to grow from $3.57 billion in 2020 to $3.86 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth in the woodworking machinery market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The woodworking machinery market is expected to reach $4.59 billion in 2025 at a CAGR of 4.5%. The increasing adoption of the automated woodworking machinery market is expected to propel the growth of the woodworking machinery market in the forecast period. The growing emphasis in the industry on assuring flexibility and highly customized goods has resulted in a greater demand for highly specialized woodworking machinery in the manufacturing process. As a result, automation technologies have been integrated into traditional woodworking equipment. For instance, in 2019, Biesse Group, an Italy-based company that provides technologies for processing wood, glass, stone, advanced material, and metal automated its 5-axis heads, a woodworking device on its manufacturing line, to minimize travel period and enhance machine accuracy on production lines. Therefore, the increasing adoption of automated woodworking machinery drives the growth of the woodworking machinery market. Technological advancements are shaping the woodworking machinery market. Major companies operating in the woodworking machinery sector are focused on developing technological solutions for woodworking machinery to satisfying the rising market demand. For instance, in March 2019, Vitap, an Italy-based manufacturer of woodworking machines used cutting-edge technology to update the entire range of woodworking machines as well as create entirely new solutions for the rapidly changing industry. The recent advancements of Vitap intend to adopt improved manufacturing processes in both large and small businesses. In May 2019, JPW Industries, a US-based company that manufactures metalworking and woodworking equipment company acquired Baileigh Industrial for an undisclosed amount. The acquisition improves JPW Industries' product portfolio of high-quality metalworking and woodworking products globally. Baileigh Industrial is a US-based company that designs and manufactures industrial metalworking and woodworking machinery. Major players in the woodworking machinery market are SCM Group, HOMAG Group, Paolino Bacci, Biesse Group, Michael Weinig AG, Otto Martin Maschinenbau GmbH & Co. KG, Oliver Machinery Co., Holytek Industrial Corp., IMA Schelling Group GmbH, KTCC Woodworking Machinery, Rojek Woodworking Machinery Inc., Cheng Kuang Machinery, Vigano Mario Srl, Linze Woodworking Machinery Co., Daltons Wadkin, Hermance Machine Company, and Rilesa. Asia Pacific was the largest region in the woodworking machinery market in 2020. North America was the second-largest market in the woodworking machinery market. The regions covered in the woodworking machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the woodworking machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global woodworking machinery market is segmented - 1) By Product Type: Thickness Planer, Grinding Machines, Chain Or Chisel Mortise, Routers, Wood Lathes, Others 2) By Operating Principal: Electrical, Mechanical 3) By Sales Channel: Online, Offline 4) By End-User: Furniture Industry, Construction Industry, Others

The transformer winding machines market consists of sales of transformer winding machines by entities (organizations, sole traders, and partnerships) that are used to produce coils for transformers. Transformers winding machines or coil winding machines are used for winding of coil on the bobbin (the cylindrical platform on which the copper coil is winded) to make a transformer. They are also used for winding coils for toroidal transformers that have copper wire wrapped around a cylindrical core. The main types of transformer winding machines are automatic, semi-automatic, and manual. Automatic transformer winding machines are digitally controlled winding machines that are efficient. These automatic transformer winding machines help to cut down on electricity waste. The different applications of transformer winding machines include power, automobile, electrical, electronics, healthcare, aerospace and defense, and others. The global transformer winding machines market is expected to grow from $0.83 billion in 2020 to $0.89 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth in the transformer winding machines market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The transformer winding machines market is expected to reach $1.14 billion in 2025 at a CAGR of 6.3%. The increase in demand for electric vehicles is contributing to the growth of the transformer winding machines market over the coming years. In electric vehicles, the auxiliary battery provides electricity to power the vehicle, and the car charger port is used to connect to an external power source to charge the vehicle. Charging stations are connected to the grid, which requires transformers to efficiently operate the power supply. The increased demand for transformers propels the requirement for transformer winding machines. For instance, according to the International Energy Agency, electric car sales increased to 2.1 million in 2019, representing a 40% year-on-year increase. Therefore, the increasing demand for electric vehicles propels the growth of the transformer winding machines market. The growing technological advancement is a key trend gaining popularity in the transformer winding machines market. Major companies operating in the transformer winding sector are focused on developing technological solutions for the transformer winding market to strengthen their position. For instance, in 2021, BTSR International, an Italy-based manufacturer of electronic sensors for quality control in manufacturing, launched its CWF 2000 device based on multi-patented system technology. Its design and execution enable it to feed the wire consistently and uniformly, regardless of the wire's speed, which is linked to the machine speed and coil size, as well as the coil section or shape. In June 2021, KAMIC Group AB, a Sweden-based company that manufactures communication equipment acquired Talema Group for an undisclosed amount. Through this acquisition, KAMIC Group AB expands its geographical presence which adds value to the existing business. Talema Group is a US-based manufacturer of magnetic components such as transformers, toroids, inductors, and chokes with associated design work. Major players in the transformer winding machines market are SILMEK SRL, ACME Electronics, Synthesis Winding Technologies, Sagar Industries, Specific Mechatronics, Transwind Technologies, Tesca Technologies, Keshav Precision Products, KB Machineries, Young Technocrafts, Formertron Engineering Pvt Ltd, Transwind Technologies, Sanghani Electricals, Associated Technocrats, and H. K. Enterprises. North America was the largest region in the transformer winding machines market in 2020. The regions covered in the transformer winding machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the transformer winding machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global transformer winding machines market is segmented - 1) By Type: Automatic, Semi-Automatic, Manual 2) By Application: Power, Automobile, Electrical, Electronics, Healthcare, Aerospace And Defense, Others

Autonomous Construction Equipment Market Definition

The autonomous construction equipment market consists of sales of autonomous construction equipment by entities (organizations, sole traders and partnerships) that manufacture autonomous construction equipment which works on wireless communication technologies, by communicating with radio signals from other equipment receiving commands. The equipment includes sensors such as lidar and cameras in order to recognize humans and obstacles, and the system also uses geofencing to keep machinery within the construction sites. This type of equipment assures benefits such as improved safety, increased productivity, and reduced unscheduled maintenance. The market consists of revenue generated by the companies that are manufacturing autonomous construction equipment by the sales of these products. Autonomous construction equipment reduces employees’ exposure to hazards and risks associated with operating heavy equipment, such as fatigue-related incidents, sprains and other soft-tissue injuries, and noise and dust exposure. Autonomous construction equipment operates at different levels between 1 and 5 of automation and autonomous operation. Level 1 include limited operation support, level 2 include advanced operation support, level 3 include advanced solo automation, level 4 include advanced collaborative autonomous operation, and level 5 include advanced decision making autonomous operation.

Autonomous Agriculture, Construction, And Mining Machinery Market Definition

The autonomous agriculture, construction, and mining machinery market consists of sales of autonomous agriculture, construction, and mining machinery by entities (organizations, sole traders or partnerships) that are engaged in manufacturing autonomous machinery and vehicles which function with minimal human intervention and work on wireless communication technologies, by communicating with radio signals from other equipment receiving commands. The equipment includes sensors such as Light Detection and Ranging (LiDAR) and cameras to recognize humans and obstacles in order to perform a task autonomously. This type of equipment assures benefits such as improved efficiency and productivity, reduced errors, improved safety, and reduced unscheduled maintenance, as these machines send abnormalities to user through connected devices.

The UHT processing market consists of sales of ultra-high temperature (UHT) processing devices and related services by entities (organizations, sole traders, and partnerships) that are used to sterilize liquid food such as milk, soups, and sauces by heating over 135°C to kill bacteria. UHT processing offers the same bactericidal effect as in-container sterilizing at a lower temperature for a longer time, but it generates far less chemical change, resulting in a higher-quality product. The main types of components included in the UHT processing market are homogenizers, heaters, flash cooling, aseptic packaging and others. A homogenizer is a device that achieves liquid dispersion by pushing the mixture through a narrow orifice at high pressures. The products of the UHT processing market can be in liquid form and semi-liquid form and can be operated in direct form and indirect form. UHT processing is used in milk, dairy desserts, juices, soups and others. The global ultra-high temperature (UHT) processing market is expected to grow from $4.44 billion in 2020 to $5.18 billion in 2021 at a compound annual growth rate (CAGR) of 16.7%. The change in growth trend in the UHT processing market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $8.75 billion in 2025 at a CAGR of 14%. The increasing demand for dairy products is expected to drive the growth of the ultra-high temperature (UHT) market in the coming years. Dairy products are commonly classified as foods derived from the milk of mammals. The sterilization of food before packing, followed by filling into pre-sterilized containers in a sterile setting, is the foundation of ultra-high temperature processing. UHT technology is commonly used in the dairy industry around the world and is utilized in several product categories. For instance, in 2020, gross dairy exports from the USA reached $6.4 billion, a rise of 9% from 2019. Moreover, according to a 2019 report by Rabobank, a US-based financial services company, the demand for dairy products in India was propelled by 4% in 2020. Therefore, the increasing demand for dairy products fuels the growth of the ultra-high temperature market. The growing technological advancements are shaping the ultra-high temperature (UHT) processing market. Major companies operating in the ultra-high temperature sector are focused on developing technological solutions for ultra-high temperature to strengthen their position. For instance, in June 2020, Tetra Pak, a Sweden-based food packaging and processing company that offers direct and indirect UHT processing methods launched a new, first-of-its-kind low-energy processing line for juice, nectar, and still drinks (JNSD) that will revolutionize beverage processing. Using a combination of pasteurization, filtration, and UV technology, this technology redefines the process by treating drinks in two different streams. Furthermore, in May 2020, Tetra Pak company introduced an indirect UHT unit Intelligent Customisation, which provides food and beverage industries with custom-made processing technologies. In October 2020, ProMach, a US-based packaging machinery company acquired Statco-DSI for an undisclosed amount. The addition of Statco-DSI expands ProMach’s systems and integration capabilities for food and beverage processing, enhancing ProMach’s capacity to provide complete turnkey systems along any part of the production line. Statco-DSI is a US-based company that manufactures UHT-based thermal processing systems and casers for the dairy industry. Major players in the ultra-high temperature (UHT) processing market are GOMA Engineering, SPX Flow, GEA Group, Elecster, Shanghai Triowin Intelligent Machinery, TESSA Dairy Machinery Ltd, Stephan Machinery Gmbh, Alfa Laval, Nanjing Prosky Food Machinery Manufacturing Co. Ltd, and Paul Muellar Company. North America was the largest region in the ultra-high temperature (UHT) processing market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the UHT processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ultra high temperature (UHT) processing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global ultra high temperature (UHT) processing market is segmented - 1) By Component Type: Heaters, Homogenizers, Flash Cooling, Aseptic Packaging, Others 2) By Product Form: Liquid, Semi-Liquid 3) By Mode Of Operation: Direct, Indirect 4) By Application: Milk, Dairy Desserts, Juices, Soups, Others

The pharmaceutical packaging equipment market consists of sales of pharmaceutical packaging equipment by entities (organizations, sole traders, and partnerships) that are used for packaging of all pharmaceutical products, using flexible and heat sealable material to form packages that are filled with a product and then sealed. Pharmaceutical packaging, also known as drug packaging, is defined as the packages and packaging processes used for pharmaceutical products. The main types of products of pharmaceutical packaging equipment are primary packaging equipment, secondary packaging equipment, and labeling and sterilization equipment. Primary packaging equipment is in direct contact with the product itself and is referred to as a consumer unit. Primary packaging is what directly encases and contains the drug product. Secondary packaging equipment provides corrugated cardboard packaging print finished to a high standard. Secondary packaging is the exterior packaging of the primary packaging that groups packages and further protects or labels the drug product. Labeling and sterilization equipment is responsible for adding directions of use and sterilizing the packaging environment. The various types of pharmaceutical packaging equipment are blenders, granulators, tablet pressers, tablet coating machines, and allied machines. The global pharmaceutical packaging market is expected to grow from $7.80 billion in 2020 to $8.81 billion in 2021 at a compound annual growth rate (CAGR) of 13%. The growth in the pharmaceutical packaging equipment market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.23 billion in 2025 at a CAGR of 10.7%. An increase in aging population is expected to increase the prevalence of age-related ailments, thus contributing to the growth of the pharmaceutical drugs and pharmaceutical packaging equipment market. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC) report, the population aged 65 years and above is expected to reach approximately 71 million by 2030 and 98 million by 2060 in the USA. It is estimated by 2030, China will have nearly half of the Parkinson’s disease population in the world, which can be attributed to the country’s aging population. This expected increase in the aging population suffering from age-related ailments is projected to drive the pharmaceutical packaging equipment market. The automatic packaging machine is increasingly utilized in the pharmaceutical packaging equipment market. The machine automatically supplies packing materials and contents, and other parts of the packaging process can be done automatically. For instance, In July 2020, OPTIMA Packaging Group, a Germany based company that designs and builds packaging equipment for pharmaceutical, consumer, nonwovens and life science products launched OPTIMA FPA. It is a unique platform that can assemble pen injectors both fully or semi-automatically. It is especially suitable as an entry-level system. Another new feature of the Optima FPA is the choice of adding a printer connected with 360-degree labeling. This product launch has increased the company’s automated packaging solutions portfolio. In February 2021, ProMach, a US-based packaging machinery company acquired Serpa Packaging Solutions for an undisclosed amount. The addition of Serpa brings automated cartoning systems into ProMach’s portfolio and significantly expands ProMach’s specialized secondary packaging machinery and line integration capabilities for the rapidly growing pharmaceutical industry. Serpa Packaging Solutions is a US-based company that designs and manufactures pharmaceutical packaging equipment. Major players in the pharmaceutical packaging equipment market are Körber AG, Uhlmann Group, Marchesini Group S.p.A., Optima Packaging Group, Romaco Holding GmbH, MG2 s.r.l., Robert Bosch GmbH, Industria Macchine Automatiche S.p.A., Vanguard Pharmaceutical Machinery, Accutek Packaging Equipment Companies, MULTIVAC Group, Bausch + Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG, ACG Group, Coesia S.P.A., Syntegon Technology, Trustar Pharma & Packing Equipment, Inline Filling Systems, Dara Pharmaceutical Packaging, ARPAC LLC, Romaco Group, N.K.P. Pharma, Ropack, and Trustar Pharma & Packing Equipment. North America was the largest region in the pharmaceutical packaging equipment market in 2020. Asia Pacific was the second-largest market in the pharmaceutical packaging equipment market. The regions covered in the pharmaceutical packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pharmaceutical packaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global pharmaceutical packaging equipment market is segmented - 1) By Product: Primary Packaging Equipment, Secondary Packaging Equipment, Labelling And Sterilization Equipment 2) By Packaging Type: Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging Equipment 3) By Equipment Type: Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, Allied Machines 4) By Mode of Administration: Injectable Administration, Topical Administration, Oral Administration

The carbon capture, utilization, and storage market consist of sales of carbon capture, utilization, and storage technologies by entities (organizations, sole traders, and partnerships) that are engaged in providing clean and efficient energy solutions. Carbon capture, utilization, and storage (CCUS) is a set of methods and technologies for removing CO2 from flue gas and the atmosphere, recycling it for use, and establishing safe and long-term storage choices. The main technologies involved in carbon capture, utilization, and storage are pre-combustion, post-combustion, oxy-fuel combustion. Pre-combustion capture is the process of extracting CO2 from fossil fuels before they are burned. The different services include capture, transportation, utilization, storage and these are implemented in various verticals such as oil and gas, power generation, iron and steel, chemicals and petrochemicals, cement, others. The global carbon capture, utilization, and storage market is expected to grow from $1.30 billion in 2020 to $1.46 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%. The growth in the carbon capture, utilization, storage market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.97 billion in 2025 at a CAGR of 19.6%. The increase in focus on reducing carbon dioxide (CO2) emissions across the globe is contributing to the growth of the carbon capture, utilization, and storage (CCUS) market. Carbon dioxide emissions rise as a result of burning fossil fuels such as oil or gas to power cars or create electricity, causing respiratory ailments and global warming by trapping heat. CCUS absorbs CO2 using a variety of technologies and uses or stores it instead of releasing it into the atmosphere. Countries and companies are trying to reduce carbon dioxide emissions to reduce global warming. According to the United Nations, 110 countries have committed to becoming carbon neutral by 2050. Furthermore, as per the International Energy Agency, in May 2020, three oil firms, Equinor, Shell, and Total, have pledged to invest $700 million in the Northern Light offshore CO2 storage project to decrease carbon dioxide emissions. Therefore, the increase in focus on reducing carbon dioxide emissions is driving the market for carbon capture, utilization, and storage market. The increasing investments by governments and organizations are an emerging trend in the carbon capture, utilization, and storage market. Major companies and governments are focusing on investing in carbon capture, utilization, and storage projects to reduce carbon emissions. For example, in July 2020, the US Department of Energy awarded FLExible Carbon Capture and Storage (FLECCS) project an $11.5 million grant to address key carbon capture and storage needs in the nation's power networks. The FLECCS project aims to facilitate the next generation of flexible, low-cost, and low-carbon power grids, as well as establish carbon capture and storage (CCS) retrofits for existing power generators that consume fossil carbon-containing fuels such as natural gas or biogas and generate electricity. In November 2020, Baker Hughes, a US-based company that provides carbon capture and storage services acquired Compact Carbon Capture (3C) for an undisclosed amount. The acquisition reinforces Baker Hughes' strategic commitment to leading the energy transition by providing decarbonization solutions for carbon-intensive industries such as oil and gas, as well as broader industrial operations. Compact Carbon Capture (3C) is a Norway-based technology company specialized in the development of carbon capture solutions. Major players in the carbon capture, utilization, and storage market are Exxon Mobil, Royal Dutch Shell, Aker Solutions, Linde, NRG Energy, Fluor, General Electric, Honeywell, Mitsubishi Heavy Industries, Dakota Gasification Company, Hitachi, JGC Holdings, Carbon Engineering, ADNOC Group, Equinor, China National Petroleum Corporation, Chevron, Total, Air Liquide, LanzaTech, and Occidental Petroleum. North America was the largest region in the carbon capture, utilization, and storage market in 2020. The regions covered in the carbon capture, utilization, and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the carbon capture, utilization, and storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global carbon capture, utilization, and storage market is segmented - 1) By Technology: Pre-Combustion, Post Combustion, Oxy-Fuel Combustion 2) By Service: Capture, Transportation, Utilization, Storage  3) By End-Use Industry: Oil & Gas, Power Generation, Iron & Steel, Chemical & Petrochemical, Cement, Others

The advanced packaging technologies market consists of sales of advanced packaging technologies by entities (organizations, sole traders and partnerships) that provide various packaging techniques based on parameters such as power consumption, operating conditions, measurable size, and cost. Advanced packaging technologies are a collection of techniques that include 2.5D 3D-IC, wafer-level packaging, and more. It allows integrated circuits to be enclosed in a casing, which protects metallic parts from corrosion and physical damage. The main types of advanced packaging technologies are 3D integrated circuit, 2D integrated circuit, 2.5D integrated circuit and others. The 3D integrated circuit provides high bandwidth, small form factor, and multi-function integration in packaging. Three-Dimensional Integrated Circuit (3DIC) is a packaging technology that collects and stacks homogeneous or heterogeneous dies vertically into Multi-Chip-Module (MCM) with Through-Silicon-Via (TSV). The various types of products include active packaging, smart and intelligent packaging and is implemented in various verticals such as automotive and transport, consumer electronics, industrial, IT and telecommunication, others. The global advanced packaging technologies market is expected to grow from $4.31 billion in 2020 to $4.94 billion in 2021 at a compound annual growth rate (CAGR) of 14.7%. The growth in the advanced packaging technologies marke is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.11 billion in 2025 at a CAGR of 13.2%. The growing demand for consumer electronics is expected to drive the growth of the advanced packaging market in the coming years. Any electronic equipment intended to be bought and used by end-users or individuals for regular and non-commercial/professional purposes is referred to as consumer electronics (CE). Electronic devices must give more functionality with more processing power and faster speeds, resulting in increased module complexity. Advanced packaging technologies provide very reliable materials, function well, and are minimal in cost. For instance, global consumer electronics revenues are predicted to expand by 3.6% year over year (YoY) to $1.06 trillion in 2021. Additionally, according to the India Brand Equity Foundation (IBEF) report, in 2019, the Indian appliance and consumer electronics (ACE) industry were valued at $10.93 billion (Rs. 76,400 crores), and it is predicted to double by 2025, reaching $ 21.18 billion (Rs. 1.48 lakh crore). Therefore, the growing demand for consumer electronics propels the growth of the advanced packaging market. Growing technological advancements are shaping the advanced packaging technologies market. Major companies operating in the advanced packaging technologies sector are focused on developing technological solutions for advanced packaging to expand their leadership in semiconductor solutions. For instance, in May 2021 Samsung Electronics, a South Korea-based electronics company launched Interposer-Cube4 (I-Cube4), an advanced chip packaging technology for high-performance applications. Interposer-Cube4 (I-Cube4), a 2.5D packaging technology improves communication and power effectiveness among logic and memory chips and is projected to be widely used in sectors such as high-performance computing, artificial intelligence (AI), 5G, cloud, and the largest data center applicants. In December 2020, Graham Partners, Inc, a US-based private investment firm focused on investing in technology-driven companies acquired flexible packaging converting the business from Berry Global for an undisclosed amount. The flexible packaging converting business will be combined with Graham Partners’ flexible packaging portfolio company, Advanced Barrier Extrusions LLC. Through this acquisition, ABX expands geographically, adds attractive categories such as personal care and healthcare packaging, and increases its revenue by over $200 million, according to Graham Partners. Berry Global is a US-based manufacturer and marketer of advanced plastic packaging products. Major players in the advanced packaging technologies market are Amkor Technology, Intel, Advanced Semiconductor Engineering (ASE), Taiwan Semiconductor Manufacturing Company, Samsung Electronics, STATS ChipPAC, Qualcomm Technologies, IBM, Brewer Science, SÜSS Microtec, Renesas Electronics Corporation, Texas Instruments, Siliconware Precision Industries, Jiangsu Changjiang Electronics Technology, China WLCSP Co. LTD., Deca Technologies, Greatek Electronics, Powertech Technology, Sanmina Corporation, SFA Semicon, Universal Instruments Corporation, and Tongfu Microelectronics. Asia Pacific was the largest region in global advanced packaging technologies market in 2020. The regions covered in the advanced packaging technologies marke report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the advanced packaging technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global advanced packaging technologies market is segmented - 1) By Type: 3D Integrated Circuit, 2D Integrated Circuit, 2.5D Integrated Circuit, Others 2) By Product: Active Packaging, Smart And Intelligent Packaging 3) By End Use Industry: Automotive And Transport, Consumer Electronics, Industrial, IT And Telecommunication, Others