Meticulous Research®, a prominent international market research firm, released a 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 global packaging machinery market is expected to achieve a value of $62.43 billion by 2030, with a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. In terms of volume, it is forecasted to reach 13,603 thousand units by 2030, with a CAGR of 6.2% during the same period.
The expansion of this market is propelled by the rise in production across various industries, supportive governmental regulations ensuring product safety, and advancements in fill-finish manufacturing technologies. Nonetheless, the substantial upfront investments required for installing packaging machinery and strict regulations aimed at reducing plastic consumption hinder the market's growth. Opportunities for growth are anticipated due to escalating concerns regarding foodborne illnesses and the growing demand for processed and packaged goods. However, a significant obstacle to market expansion is the shortage of proficient operators.
The packaging machinery market worldwide is categorized based on type, function, automation level, end-use sector, and geographical location. The research also assesses competitors in the industry and examines markets at both country and regional levels.
Based on type, the global packaging machinery market is divided into several segments including 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. In 2023, it is projected that the carded packaging machines segment will hold the largest portion of the market. This dominance is primarily driven by the growing adoption of carded packaging in industries such as pharmaceuticals and consumer electronics, where product safety is a key concern.
Based on function, the global packaging machinery market is categorized into single function and multi-function segments. By 2023, it is anticipated that the multi-function segment will dominate the market. This is primarily due to the versatility of these machines, which can perform multiple tasks such as vertical form-filling-sealing, horizontal packing, bag placing, and rotary packing. Multi-function packaging machinery is known for features like automated controls, high-speed operation, and user-friendly interfaces, enabling operators to configure and operate the equipment swiftly and effectively.
Based on automation mode, The global packaging machinery market is divided into automatic and semi-automatic packing machines. By 2023, it is predicted that the automatic packing machines segment will dominate the market. This is primarily due to the advantages provided by automatic packing machines, including enhanced efficiency, cost reduction, and better product quality and safety. Automatic packing machines can package goods at a quicker and more efficient rate compared to manual labor, enabling businesses to boost production capacity and meet rising consumer demands.
Based on end-use industry, the global packaging machinery market is categorized into various end-use industries including food & beverages, healthcare & pharmaceuticals, agriculture, chemicals, personal care, consumer electronics, apparel & footwear, and others. It is projected that in 2023, the food & beverages segment will hold the largest portion of the market. This dominance is credited to changing consumer preferences, heightened competition in the packaged food sector, and an increase in the demand for packaged food products.
Based on geography, the packaging machinery market is segmented across regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa (MEA). By 2023, it is forecasted that Asia-Pacific will hold the largest portion of the global packaging machinery market, with Europe, North America, Latin America, and the Middle East & Africa following in succession. This significant market share is primarily due to factors such as governmental efforts to encourage the adoption of environmentally friendly packaging, continuous innovations in packaging technology by key industry players, and growth in the food industry.
Key Players
Major players in the global packaging machinery market include Adelphi Group of Companies (U.K.), Barry-Wehmiller Group, Inc. (U.S.), COESIA S.P.A. (Italy), ISHIDA CO., LTD. (Japan), Krones AG (Germany), TETRA PAK INTERNATIONAL S.A. (Switzerland), FUJI MACHINERY CO., LTD. (Japan), Syntegon Technology GmbH (Germany), SIG Group AG (Switzerland), Marchesini Group S.p.A. (Italy), KHS GmbH (Italy), GEA Group Aktiengesellschaft (Germany), OPTIMA Packaging Group GmbH (Germany), Omori Machinery Co., Ltd. (Japan), TNA Australia Pty Limited (Australia), and MULTIVAC Sepp Haggenmüller SE & Co. KG (Germany).
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Key Questions Answered in the Report:
• Which segments are experiencing significant growth in terms of type, function, automation level, end-use sector, and geographical location?
• What is the past market size of packaging machinery worldwide?
• What are the projected market forecasts and estimations for the timeframe spanning from 2023 to 2030?
• What are the primary factors motivating growth, hindering progress, presenting opportunities, and posing obstacles in the global packaging machinery market?
• Who are the key players in the market, and what proportions of the market do they hold?
• What does the competitive scenario look like in the global packaging machinery market?
• What are the latest advancements or updates in the global packaging machinery sector?
• What are the various approaches employed by the leading market players?
• What are the significant patterns observed in different geographical regions, and which countries are experiencing notable growth in the market?
• Who are the emerging local contenders in the global packaging machinery market, and what strategies do they employ to compete with established players?
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