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Pulished Date April, 2021
ID: 8858
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Packaging Machinery Market Analysis – By Machine Type (Filling, Labelling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line), By End-User (Food, Beverages, Chemicals, Personal Care, Pharmaceuticals), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Share, Trends, Growth, Strategy, Demand & Forecast | 2021 - 2026

Pulished: April, 2021
ID: 8858
Pages: 100

Packaging Machinery Market Size, Trends & Growth (2021 - 2026)

Packaging Machinery Market Size is Projected to grow with a CAGR of 6.7% and to reach around USD 62.34 Billion by 2026 during the forecast period 2021-2026.

The packaging is of prime importance across a range of end-use sectors, including food, beverage, chemicals, personal care, and medical. Packaging plays an important role in shielding the consumer from external factors, including heat, humidity, biological contaminants, and physical damage.

Growth Drivers

Increasing demand for packaged food & beverages is expected to drive overall growth in packaging equipment in the coming years due to the rise in urbanization and the middle-class population base. Increasing awareness of product quality preservation and sustainable packaging leads to the growth of market demand for packaging machinery. The expectations of the packaged food & beverage industry motivated companies to adopt such approaches in order to maintain their products ' value.

Key Challenges    

Rapid technological advances and spending on human resources are the major challenges in the packaging machinery industry. Automation, however, slowly penetrates the packaging equipment market and thereafter minimizes human resources costs. In turn, the manufacturers adapt to the new developments in order to maintain their market share.

Potential Opportunities

The beverage industry has experienced a growing demand for rigid packaging solutions like filling and palletizing machines to assist in hard plastics or bottles of packaging beverages. Increasing awareness of food brands as a result of marketing by international companies and a growth in demand for ready-to-eat food in accordance with the liberalization of trade in food and agriculture are to provide lucrative opportunities for growth of the market for packaging machinery.

Coverage of the Report:

 

Report Metric

Details

Market Size Available

2020 – 2025

Base Year

2019

Forecast Period

2020 - 2025

Segments Covered

By Machine Type, End-user & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Robert Bosch GmbH, Salzgitter AG, Krones AG, Coesia S.p.A, Tetra Laval International S.A, and I.M.A. Industria Macchine Automatiche S.p.A. among others.

 

 

This research report on the Global Packaging Machinery Market has been segmented & sub-segmented into the following categories and evaluated market size & forecast for each segment until 2025.

Packaging Machinery Market – By Machine Type

  • Filling

  • Labeling

  • form-fill-seal

  • cartooning

  • wrapping

  • palletizing

  • bottling line

Packaging Machinery Market – By End-User

  • Food

  • beverages

  • chemicals

  • personal care

  • pharmaceuticals

Packaging Machinery Market – By Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

North America has accounted for approximately 25 percent of the market share for packaging equipment in recent years and is rising at a rapid pace due to the rise of smart packaging solutions in several industrial sectors. Manufacturers integrate many advanced technologies into these devices to provide remote monitoring and control, phone access, and other smart features. With automation enhancing its foothold in the packaging machinery market in North America, food & beverage and drug manufacturers focus on integrating advanced software to reduce human intervention.

It is projected that the Asia Pacific will lead with China holding the largest regional market share throughout the forecast period. Increasing disposable income and rising population are the main factors bolstering the demand of the market in this region. In addition, it is expected that the policies of the Chinese government to promote domestic consumption, energy-saving, and environmental friendliness coupled with technology and equipment upgrades would boost market growth. In addition, demand for both primary and secondary packaging has increased further in the booming e-commerce industry.

Europe is made up of major nations including Russia, Spain, Germany, Italy, and the United Kingdom, along with the countries of Eastern and Central Europe. In terms of value, Europe was the second most important region in 2018, owing to the high demand for fully automated, flexible and efficient packaging machines from several major end-users, including food, drinks, chemicals, personal care, pharmaceuticals, and many others.

Key Market Players included in the Global Packaging Machinery Market are

  1. Robert Bosch GmbH
  2. Salzgitter AG
  3. Krones AG
  4. Coesia S.p.A
  5. Tetra Laval International S.A, and I.M.A
  6. Industria Macchine Automatiche S.p.A
  7. 5+ companies

Packaging Machinery Market

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by raw materials,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

Packaging Machinery Market

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