Packaging Machinery Market - Changing Supply and Demand Scenarios By 2030

 

Packaging Machinery Industry Overview

The global packaging machinery market size was estimated at USD 44.17 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.

The key factors propelling the industry growth include the high demand for packaged foods & beverages and rising consumer spending on pharmaceuticals & personal care products. The COVID-19 pandemic had a significant impact on the global industry. The high number of COVID-19 cases across the globe affected consumer shopping at retail shops and convenience stores. Also, disruption of the supply chain and lack of availability of the workforce negatively impacted the industry growth. However, over the forecast period, the industry is expected to recover swiftly.

Gather more insights about the market drivers, restrains and growth of the Packaging Machinery Market

Packaged food and beverages offer convenience, ease, and time efficiency. These aspects of packaged foods and beverages are the factors encouraging consumers to spend on such products. Over the forecast period, an increasing share of millennials and Gen-Z in consumer profiles is likely to boost the demand for convenience products. Furthermore, the growth is driven by growing innovations and technology improvement. Advancements, such as automation, robots, and other technologies, are improving product penetration in various industries. Automated and semi-automated packaging machines are helping the end-user industries to scale up effectively while controlling the costs of operations.

Packaging equipment is required by various logistics organizations to wrap and package their products before shipping. E-commerce is gaining momentum across the world facilitated by the rising penetration of internet connections and online retailers. Thus, the rising popularity of e-commerce and online shopping is also expected to drive the industry growth over the forecast period. Developed efficient packaging equipment and vacuum packaging techniques to encourage the established end-user industries to adopt solutions for optimal business expansion, thereby supporting growth. Furthermore, the demand for environmental packaging is being encouraged by the strict laws imposed by the governments of industrialized nations; this, in turn, is boosting industry growth.

Browse through Grand View Research's Food Safety & Processing Industry Research Reports.

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Global Packaging Machinery Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global packaging machinery market report on the basis of machine-type, end-use, and region:

Machine-type Outlook (Revenue, USD Billion, 2017 - 2030)

·         Filling

·         Labeling

·         Form-Fill-Seal

·         Cartoning

·         Wrapping

·         Palletizing

·         Bottling Line

·         Others

End-use Outlook (Revenue, USD Billion, 2017 - 2030)

·         Beverages

·         Food

·         Chemicals

·         Personal Care

·         Pharmaceuticals

·         Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    United Kingdom

o    Spain

o    Italy

o    Russia

·         Asia Pacific

o    China

o    India

o    Japan

o    Australia

o    South Korea

·         Central & South America

o    Brazil

·         Middle East & Africa

o    Saudi Arabia

o    UAE

Key Companies & Market Share Insights

Manufacturers adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance market penetration and cater to the changing technological requirements of various end-use industries. For instance, in January 2021, ProMach acquired Bartelt (manufacturer of horizontal form fill & seal (HFFS) and fill & seal pouch packaging systems) from KHS Group, the aim of ProMach’s is to boost the portfolio of pouch packaging solutions and enable the company to grow its business by adding a new North American base for flexible packaging solutions. Some of the prominent players in the global packaging machinery market include:

·         Langley Holding plc

·         Maillis Group

·         Rovema GmbH

·         Douglas Machine Inc.

·         KHS Group

·         SIG

·         Tetra Laval International S.A.

·         Krones AG

·         I.M.A. Industria Macchine Automatiche S.p.A.

·         Syntegon Technology GmbH

·         ProMach

·         GEA Group Aktiengesellschaf

·         Sacmi

·         Coesia S.p.A.

·         Duravant

Order a free sample PDF of the Packaging Machinery Market Intelligence Study, published by Grand View Research.

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