Packaging Machinery Market was valued around USD 48.5 billion in 2021 and expected to reach USD 66.0 billion by 2029, expanding at a CAGR of 3.9% over the forecast period (2022-2029).
The factors driving growth of the Packaging Machinery Market includes increasing application of packaging machinery across food and beverage, electronics, and pharmaceutical industries, rising focus of manufacturers on developing energy efficient machines, expansion of e-commerce industry and improvements in the living standards. For instance, the Global E-Commerce Market is estimated to reach USD 16,216 billion by the end of 2027, expanding a CAGR of 22.9%, over the forecast period (2020-2027), which is expected to accelerate the Global Packaging Machinery Market in the approaching years. Moreover, growing demand for healthy and organic products, technological advancements in packaging equipment, rise in the launch of innovative products, increasing investments by major companies on research and development, strategic partnerships between enterprises and rapid urbanization, are some of the additional factors supplementing the Packaging Machinery Market Growth. In addition, packaging machines reduces labor costs, enhances product quality, and are used in different functions such as canning, container cleaning and unpacking, are some of the features propelling the market growth.
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However, high production and import cost of packaging machineries, is restricting the growth of the market.
The leading players operating in the market are Tetra Laval International S.A., Douglas Machine Inc., Coesia S.p.A, Salzgitter AG, Langley Holdings plc, SIG Combibloc Group AG, Krones AG, M.J. Maillis Group, SACMI Imola S.C, and Franz Haniel & Cie. GmbH, among others.
Based on Machine Type, the Form-Fill Seal segment is predicted to grow at a significant CAGR during the forecast period
Increasing application of form fill machines across chemicals, and cosmetics industries, is propelling segment’s growth.
Based on End-Use, the Food & Beverage segment is projected to expand at a remarkable CAGR over the forecast period
Growing demand for ready-to-eat food items and convenient food products, are pushing segment’s growth.
Based on Region, the Asia-Pacific region emerged as the fastest growing segment during the forecast period
Increasing environmental concerns, growing demand for organic food products, technological advancements in packaging machines, rapid urbanization, rising per capita incomes ad high population growth rates, are some of the important factors augmenting the Packaging Machinery Market size in Asia-Pacific region.
Key Developments
- In 2019, Krones AG, entered into a strategic partnership with Stadler Anlagenbau GmbH to recycle used PET bottles and other plastic waste. The merger of two companies’ technologies and expertise helped Krones AG to reduce and enhance interfaces.
- August 2018: Robert Bosch GmbH developed automation solution for SMEs, with a production capacity of up to 150 packages per minute. This machine is an entry-level Pack 102 horizontal flow wrapper using a Fanuc Scara robot.
Market Segmentation
Segmentation by Machine Type
- Filling
- Labeling
- Form-Fill Seal
- Wrapping
- Palletizing
- Others
Segmentation by End-Use
- Food & Beverage
- Chemicals
- Personal Care
- Pharmaceuticals
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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