Tension Control Market to grow at over 4.80% CAGR To 2023
The fast-emerging tension control market 2020 is noticing escalated growth, which has been recorded
at a CAGR of ~4.80% by Market Research Future after an independent study. It has also noted down
that the market has high chances to reach a higher valuation by 2023, which is being instigated by a
variety of factors at the world level. Such a growth scene will take place in the years 2016 to 2023,
which is stated to be the market’s forecast period. The market will grow maximum prominence during
these years.
Top Impacting Factors
The escalating demand for automated tension control and the mounting transition toward flexible
printing & packaging from rigid packaging are motivating the tension control market globally. MRFR
also included factors such as escalating use of flexible printing & packaging and surged demand for
packaging machinery imports would impel the growth of the tension control market over the coming
years. In the case of point, food brand owners in Western European countries are highly investing in
flexible packaging. The demand for flexible packaging is liable to reach a high valuation across
developing nations of the world by 2023.
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The tension control system has copious advantages such as it is providing high-quality performance
level, inexpensive, stability, and can also be effective for providing constant unwind tension for the
process. Also, the rising demand for automated tension control is one of the significant factors forceful
towards the growth of the tension control market.
Segmentation of Market: Tension Control
Among the component segment, the market has classified into the controller, load cell, diameter
sensor, dancer roller, clutch, and brake. Out of this, the load cell segment is likely to be driven by the
rising adoption of automation in paper processing, aluminum, and printing & packaging industries,
mainly in regions o