The global packaging machinery market is projected to grow at a steady Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period. Valued at USD 59.4 billion in 2023, the market is expected to reach USD 92.3 billion by 2033. This growth is driven by rising demand for automated and efficient packaging solutions across multiple industries. As businesses prioritize streamlined operations and technological advancements, the packaging machinery market is set to play a key role in meeting evolving packaging requirements and enhancing operational efficiency.
In the United Kingdom, the expanding food & beverage and cosmetics sectors are driving demand for various packaging types. Manufacturers are increasingly focusing on sustainable practices to ensure product quality and safety during transport. Changing consumer preferences, ongoing R&D, and a rapidly evolving market are further accelerating the adoption of packaging machinery in the region.
Canada’s packaging machinery market is expected to grow at a robust CAGR of 3.9% throughout the forecast period. The country’s strong emphasis on eco-friendly and sustainable packaging is reducing waste and promoting recycling across industries. Key players are collaborating with the packaging sector to develop efficient, affordable, and remotely monitored packaging machinery.
With rising demand for remote control, monitoring, and smart packaging technologies, seamless transportation and shipping are being ensured. In Canada, the focus on high-quality packaging for pharmaceuticals and food safety is meeting consumer demands. Innovation and sustainability are shaping the future of the packaging machinery market in both the United Kingdom and Canada.
Key Takeaways:
- The packaging machinery market is registering a CAGR of 4.5% between 2023 to 2033.
- The United States is expected to register a CAGR of 2.8% by dominating the global market by 2033.
- Canada is anticipated to capture a CAGR of 3.9% of the global market by 2033.
- India is anticipated to register a CAGR of 6.5% in the global market by 2033.
- China significantly drives the global market with a CAGR of 5.9%.
- With a CAGR of 5.5%, Thailand is rapidly advancing in the global market.
- The food sector is estimated to lead the global market during the forecast period.
Key players:
- 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
Key Segmentations
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
By Packaging Technology:
- Automatic
- Manual
- Semi-automatic
By End User:
- Beverages Industry
- Food Industry
- Chemicals Industry
- Homecare & Personal Care
- Pharmaceutical Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/packaging-machinery-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube