Packaging Machinery Market Size, Share, Industry, Forecast and outlook (2024-2031)

Packaging Machinery Market is Segmented By Technology (Modified Atmosphere Packaging Technology, Vacuum Packaging Technology, General Packaging Technology), By Machine Type (Filling, Cartoning, Labeling, Wrapping, Form-Fill-Seal, Bottom Line, Others), By End-User (Food, Beverages, Personal Care, Pharmaceuticals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Packaging Machinery Market Size

The Global Packaging Machinery Market valued USD YY million in 2022 and is forecast to reach USD YY million by 2031, growing at a CAGR of 5% during the forecast period 2024-2031

Packaging machinery is utilized to perform functions such as filling, case handling, packing, bottling, labeling, inspection and check weighing, wrapping, palletizing, and other related applications. It is primarily employed for the first step in the transportation process and the final step in the manufacturing process. The increasing demand for packaged food and beverages, coupled with the flourishing e-commerce industry, is expected to drive the demand for packaging machinery. The rising awareness regarding personal health and hygiene, coupled with the increased spending on pharmaceutical products, is anticipated to favor market growth over the coming years.

Packaging Machinery Market Scope

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Source: DataM Intelligence Analysis (2021)

Packaging Machinery Market Dynamics

Increasing demand for packaging n the transportation & logistics industry

Several logistics and transportation companies necessitate packaging to wrap and bundle their goods and commodities. Therefore, the continuous growth in the logistics and transportation industry is expected to spur the demand for the packaging machinery, which in turn will boost the market growth in the near future. It is attributed to the increasing need for transportation of goods and products safely, from one place to another. Moreover, the E-commerce industry has grown tremendously over the past few years, which in turn is impacting the packaging machine market growth. Sustainability and rising environmental concerns have increased the demand for lightweight and thin-walled packaging to reduce the amount of material used for packaging. Thus, to facilitate these requirements, equipment manufacturers focus on the development of machines with improved functionality to maximize production speeds while accommodating more fragile and thinner packaging materials. Prominent market players are emphasizing on integrated packaging machines with wrapping, automated labeling, or palletizing machines, thus making it more efficient by reducing the operation time.

However, it increases the overall production cost. Small and medium companies find it difficult to buy these machines thus, negatively affecting the export business. Moreover, developing countries such as India, Argentina, face the issue of importing machinery due to the taxes imposed by custom duty, thereby hampering the global market.

Packaging Machinery Market Segmentation

Filling machines segment held largest market revenue share in the year 2021

Filling machines measure out the product by a fixed value, volume, weight, or count from a bulk supply, filled into various packaging formats. The simplest form of filling machine can be a manually operated single-head mounted device or sophisticated rotary fillers having numerous filler heads used to fill thousands of containers per minute. On the other hand, labeling machines held market revenue share of XX% in the year 2021. 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. Favorable regulations such as the Food Safety Modernization Act (FSMA) and the Drug Quality and Security Act (DQSA) for traceability and serialization are likely to drive the demand for labeling machines.

Packaging Machinery Market Geographical Share

Asia Pacific is expected to dominate the global packaging machinery market in the year 2021

Asia Pacific is projected to hold the largest packaging machinery market share, owing to the huge investments in the manufacturing sector from the developing countries. The governments of India and China are focused on investing in the manufacturing sector to attract domestic and international consumers. The demand for packaging machines in China is likely to witness growth in the coming years on account of the rapid expansion of the e-commerce sector in the country. In addition, improving standards and requirements of food processing and safety and packaging technologies, coupled with favorable government policies on energy savings and technology and equipment upgrades, are expected to complement the market growth. On the other hand, the market in North America and Europe are estimated to grow steadily in the near future owing to the low adoption of new machinery among existing customers. The companies do not purchase new machines in a short period, as the lifespan of packaging machinery is around 8 – 12 years.

Source: DataM Intelligence Analysis (2021)

Packaging Machinery Market Companies and Competitive Landscape:

Due to the presence of a large number of established and regional companies, the market is highly fragmented. Major market participants have extensively invested in research & development operations in recent years, which has led to the invention of several advanced products that can be utilized across the market. Market participants offer their customers individual machines as well as the design, development, production, and installation of customized packaging lines. Market players are also focusing on technological concepts, such as the Industrial Internet of Things (IIoT), automation, and robotics, to enhance the operational efficiency of their product offerings. In October 2019, Krones AG partnered with Stadler Anlagenbau GmbH to develop recycling technology, which will help in the reduction and improvement of interfaces. In August 2018, Robert Bosch GmbH launched a new automation solution for SMEs, which has 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.

COVID-19 Impact:

Positive impact on the global packaging machinery market

Although the COVID-19 outbreak has negatively impacted manufacturing businesses across the globe, the packaging industry has experienced low exposure to the crisis. Most of the packaging companies are fully functioning with higher capacity whereas some are still strategizing to improve production. On the other side, key manufacturers are implementing plans to standardize machines with advanced techniques to increase market sales. Furthermore, manufacturing processes in most affected countries including, China, Northern Italy, Germany, U.S. are performing complete operations. Therefore, the COVID-19 outbreak is expected to be a contributor for the development of the global market.

Why Purchase the Report?

• Understand the current market scenario and viability of global packaging machinery over the forecast period
• Visualize the composition of the global packaging machinery market in terms of technology, machine type and end-user to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global packaging machinery market – Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global packaging machinery market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:

• Food & Beverages Manufacturers
• Foodservice Industry
• Packaging Machinery Companies
• Education & Research Institutes
• Research Professionals