The global packaging machinery market size is expected to be worth around US$ 65.3 billion by 2030, according to a new report by Vision Research Reports.
The global packaging machinery market size was valued at US$ 45.6 billion in 2020 and is anticipated to grow at a CAGR of 5.1% during forecast period 2021 to 2030.
|Market Size||US$ 65.3 Bn by 2030|
|Growth Rate||CAGR of 5.1% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Machine type, end-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||KHS Group; SIG Combibloc Group Ltd.; Tetra Laval International S.A.; Krones AG; I.M.A. Industria Macchine Automatiche S.p.A.; Syntegon Technology GmbH; ProMach; GEA Group Aktiengesellschaft; Sacmi; Bradman Lake Ltd.; ROVEMA GmbH; Douglas Machine Inc.; Coesia S.p.A; Maillis Group; Duravant|
The rising demand for packaged food and beverages, coupled with the growing pharmaceutical and personal care industries, is expected to drive the demand for packaging machinery over the forecast period.
The growing popularity of single-serve bag sizes and smaller portions has increased the demand for high-speed and efficient packaging machines. Moreover, with the consumer-driven demand for a wide range of products in different packaging sizes and shapes, there is an increasing demand for flexible packaging machines that can adapt to different products and pack styles.
By Machine Type Analysis
The others segment led the market and held a revenue share of over 25.0% in 2020. The filling segment accounted for the second-largest revenue share in 2020. Filling machines measure out the product by a fixed value, volume, weight, or count from a bulk supply, filled into various packaging formats.
The form-fill-seal segment is likely to register the highest CAGR of 5.2% over the forecast period on account of the increasing preference for single-serve packages and small portions, coupled with the growing popularity of flexible packaging.
Labeling machines dispense and apply or print and apply labels on numerous types of packaging containers as well as display, transit, and point-of-sale packs. Labels are used to brand, decorate, or provide valuable information about the product or the brand to customers.
Wrapping machines are generally used for secondary and tertiary packaging of products or groups of products. These machines wrap flexible packaging materials, such as plastic film, paper, or aluminum, around a single product or a group of products
By End-use Analysis
The food segment led the market and accounted for over 35.0% share of the global revenue in 2020. Factors such as new product launches and the expansion of the retail network are anticipated to positively impact the demand for packaged food, in turn, favoring the market growth.
The demand for packaging machines in the beverage industry is likely to be driven by factors such as the growing consumption of beverages, changing preference towards organic and functional beverage consumption, and an increase in the variety of beverage products.
The pharmaceuticals end-use segment is likely to expand at the highest CAGR of 4.8% over the forecast period. Packaging machines are used for the packaging of different pharmaceutical products, such as tablets, capsules
The personal care industry is expected to witness growth in the years to come owing to various factors such as increasing spending and purchasing power, changing lifestyles
By Regional Analysis
Asia Pacific led the market and accounted for over 35.0% share of the global revenue in 2020. Rapid population growth, coupled with the increasing household spending capacity, is expected to drive the demand for packaged consumer products, which is, in turn, anticipated to bolster the market growth in the region.
North America is likely to expand at a CAGR of 3.2% over the forecast period. The significant demand for highly automated and integrated machines delivering increased efficiency and higher processing speeds with lower energy consumption is expected to drive the market in the region over the forecast period.
SIG Combibloc Group Ltd.
Tetra Laval International S.A.
I.M.A. Industria Macchine Automatiche S.p.A.
Syntegon Technology GmbH
GEA Group Aktiengesellschaft
Bradman Lake Ltd.
Douglas Machine Inc.
Central & South America
Middle East & Africa
The Packaging Machinery market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Packaging Machinery market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Packaging Machinery market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Packaging Machinery market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Packaging Machinery market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Packaging Machinery capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Packaging Machinery by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Packaging Machinery market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Packaging Machinery market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Packaging Machinery market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Packaging Machinery industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Packaging Machinery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Packaging Machinery market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Packaging Machinery market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Packaging Machinery market. These factors have benefited the growth of the global market for Packaging Machinery. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Packaging Machinery. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Packaging Machinery are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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