Meticulous Research®—a premier global market research firm—has unveiled its latest research report titled, "Packaging Machinery Market by Type (Carded Packaging Machines, Filling Machines, Labelling Machines), by Function, Automation (Automatic, Semi-automatic), End-use (Food & Beverages, Healthcare & Pharmaceuticals), and Geography - Global Forecasts to 2030."
The Packaging Machinery Market is projected to achieve a valuation of $62.43 billion by 2030, growing at a CAGR of 5.4% from 2023 to 2030. In terms of volume, the market is anticipated to reach 13,603 thousand units by 2030, with a CAGR of 6.2% over the same period.
Key drivers of growth in the Packaging Machinery Market include increased manufacturing of goods across various industries, favorable government regulations supporting product safety, and advancements in fill-finish manufacturing processes. Conversely, high initial costs associated with packaging machinery installation and stringent regulations aimed at reducing plastic use pose challenges to market expansion. The rising prevalence of foodborne diseases and the growing demand for processed and packaged products are expected to create significant opportunities for industry players. However, a shortage of skilled operators remains a major hurdle for market growth.
The Packaging Machinery Market Report provides an in-depth analysis segmented by type, function, automation mode, end-use industry, and geography. The study also evaluates key industry competitors and provides a comprehensive analysis of market dynamics at the country and regional levels.
Packaging Machinery Market Segmentation:
• By Type: The market is segmented into carded packaging machines, cartoning machines, case erectors, filling machines, stretch wrappers, shrink wrapping machines, case packers, labeling machines, bottle packaging machines, and other packaging machines. The carded packaging machines segment is expected to hold the largest market share in 2023, driven by the increasing use of carded packaging for pharmaceutical and consumer electronic products to enhance product safety.
• By Function: The market is divided into single function and multi-function packaging machinery. The multi-function segment is expected to dominate the market in 2023 due to the ability of these machines to perform various tasks, including vertical form-filling-sealing, horizontal packing, bag placing, and rotary packing. Key features of multi-function machinery include automated controls, high-speed operation, and user-friendly interfaces.
• By Automation Mode: This segment includes automatic and semi-automatic packing machines. The automatic packing machines segment is projected to account for the largest share in 2023, attributed to benefits such as increased efficiency, reduced costs, and enhanced product quality and safety. Automatic machines enable faster and more efficient packing compared to manual processes, supporting higher production outputs and meeting growing demand.
• By End-Use Industry: The market is segmented into food & beverages, healthcare & pharmaceuticals, agriculture, chemicals, personal care, consumer electronics, apparel & footwear, and other end-use industries. The food & beverages segment is expected to lead the market in 2023 due to shifting consumer preferences, heightened competition in the packaged food sector, and a surge in demand for packaged food products.
• By Geography: The market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa (MEA). In 2023, Asia-Pacific is anticipated to hold the largest market share, followed by Europe, North America, Latin America, and MEA. The region’s significant share is driven by governmental initiatives promoting sustainable packaging, ongoing advancements in packaging technology, and expansion in the food sector.
Key Players in the Packaging Machinery Market:
The report identifies leading companies in the Packaging Machinery Market, including:
• Krones AG (Germany)
• TETRA PAK INTERNATIONAL S.A. (Switzerland)
• Adelphi Group of Companies (U.K.)
• FUJI MACHINERY CO., LTD. (Japan)
• Syntegon Technology GmbH (Germany)
• SIG Group AG (Switzerland)
• Barry-Wehmiller Group, Inc. (U.S.)
• COESIA S.P.A. (Italy)
• Marchesini Group S.p.A. (Italy)
• KHS GmbH (Italy)
• GEA Group Aktiengesellschaft (Germany)
• MULTIVAC Sepp Haggenmüller SE & Co. KG (Germany)
• OPTIMA Packaging Group GmbH (Germany)
• ISHIDA CO., LTD. (Japan)
• Omori Machinery Co., Ltd. (Japan)
• TNA Australia Pty Limited (Australia)
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Key Questions Answered in the Report:
• Which segments of the Packaging Machinery Market are expected to experience high growth in terms of type, function, automation mode, end-use industry, and geography?
• What has been the historical market size for packaging machinery globally?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, opportunities, and challenges in the global packaging machinery market?
• Who are the key players in the market, and what are their market shares?
• How is the competitive landscape evolving in the global packaging machinery market?
• What recent developments are shaping the global packaging machinery market?
• What strategies are being adopted by major players?
• What are the key geographic trends and high-growth countries?
• Who are the emerging local players, and how do they compete with established players?
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