The global packaging machinery market is expected to reach a market valuation of US$ 56.87 Billion by the year 2022, accelerating with a CAGR of 4.5% by 2022-2032. The packaging machinery market share is anticipated to be valued at about US$ 88.25 Billion by 2032 end.
The expanding conventional food & beverages intake, shifting consumer preferences toward organic and functional drinks, and a rise in the diversity of snacks and packaged products are all expected to have a positive impact on the sales of packaging machinery in the coming years. During the upcoming years, packaging machinery market expansion is predicted to be aided by expanding personal hygiene and health awareness along with steadily increasing expenditure on pharmaceutical products.
The need for highly complex packaging equipment for pharmaceutical items is expected to be increasing in the coming days, thus favoring the packaging machinery market opportunities in the future.
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Key Takeaways from Market Study
- The overall growth of the global packaging machinery market is estimated to be around US$ 31.38 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 4.5%.
- The filling and dosing packaging machinery type is the highest selling product segment contributing for more than 16% of the revenue share.
- The form, fill and seal product segment is the most secretive product segment owing to getting increasingly adopted by the pharmaceutical industries.
- The food &beverages segment is the largest end user segment of the global packaging machinery market that is worth about US$ 48 billion in the year 2022.
- The pharmaceutical and healthcare end use segment is anticipated to experience the highest growth rate during the projection period at around 4.8%.
- Asia Pacific is the dominant region for the global packaging machinery market with an overall share of more than 45% that was valued at US$ 23.8 Billion in the year 2022.
- The North America packaging machinery market is predicted to grow at a moderate rate of 3.65% as the market is mostly saturated owing to very early adoption of the product by the end use verticals.
Competitive Landscape
Some of the well-known packaging machinery market players are KHS Group, SIG Combibloc Group Ltd., Tetra Laval International S.A., Krones AG, I.M.A. Industrial 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, and Duravant, among others.
Key Trends in the Packaging Machinery Market
- Automation and Robotics- Automation and robotics are becoming increasingly important in the packaging machinery market. Packaging manufacturers are adopting automation technologies to increase their productivity and efficiency while reducing costs. Robotics is used in various aspects of packaging, such as picking, placing, and palletizing products. The use of robotics and automation in packaging machinery also reduces the risk of human error and improves safety in the packaging process.
- Sustainable Packaging- Sustainable packaging is a growing trend in the packaging industry. Consumers are becoming more environmentally conscious, and packaging manufacturers are responding by developing packaging solutions that are recyclable, biodegradable, and made from sustainable materials. Packaging machinery manufacturers are developing equipment that can produce sustainable packaging materials and reduce waste.
- Digitalization and Industry 4.0- Digitalization and Industry 4.0 are transforming the packaging machinery market. Industry 4.0 refers to the integration of physical and digital systems in manufacturing. In the packaging industry, digitalization is being used to improve the efficiency of the packaging process, reduce waste, and improve product quality. Packaging machinery manufacturers are developing smart machines that can collect and analyze data in real-time, allowing manufacturers to optimize their packaging processes.
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Recent Developments in the Global Packaging Machinery Market:
- At Pack Expo 2019 in Las Vegas in August 2019, Syntegon Technology GmbH unveiled the Pack 403, a fully automated horizontal flow wrapper. a Paloma pick-and-place robot was used in its construction for its application in difficult environments,
- Similar to this, Robopac Ibérica, an Aetna group S.p.A. Company, has constructed a facility in Vinaros (Castellón) for the purpose of providing commercial and technical assistance operations for the important markets in Europe
Packaging Machinery Market by Segmentation
By Machine Type:
- Filling & Dosing
- Labelling, Deco., and Coding
- Form, Fill, & Seal
- Cartoning Machines
- Case Handling
- Closing
- Wrapping & Bundling
- Palletizing & Depalletizing
- Bottling Line
- Conveying Machines
- Other Packaging Machines
By Packaging Technology:
- Automatic
- Manual
- Semi-automatic
By End-use:
- Beverages
- Food
- Chemicals
- Homecare & Personal Care
- Pharmaceuticals
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Packaging machinery performs variety of functions that include canning; container cleaning, filling, and forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection and check weighing; wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications.
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