The Europe Packaging Machinery Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).
Packaging machinery refers to the equipment that helps in packaging different products or components. This type of machinery consists of equipment, which carries out functions like filling, forming, sealing, cleaning, wrapping, and packaging at different levels of automation. In addition, functions like counting, sorting, and accumulation can also be performed by packaging machinery. Using this machine, manufacturers reap multiple benefits like lower labor costs and higher efficiency of the packaging process due to the automation.
The demand for lightweight and thin-walled packaging has been increased with the rising environmental and sustainability concerns, and this increased demand is expected to decrease the amount of material utilized for packaging. Therefore, equipment manufacturers have increased their focuses on developing machines with better features to meet these requirements and increase production speeds while adapting thinner and more fragile packaging materials.
Higher operability, flexibility of the equipment and increased throughput rate are some of the advantages of bringing automation in the packaging machinery. The adoption of robotics delivers several advantages such as higher accuracy, a high throughput rate, better consistency, and less scrap/waste. Hence, the implementation of robotics has surged in the last decade and is further increasing across different end-of-line processes like palletizing and wrapping.
The changing and hectic lifestyle of the consumers would create demand for convenient products, which would further augment the growth of the regional packaging machinery market over the forecast period. In addition, the increasing demand for advanced packaging machinery with efficient operations would surge the regional market growth over the forecast period.
Furthermore, the high inclination of the consumers on healthy and ready-to-cook food products would increase the demand for packaging machinery in this region. Advanced packaging machinery can help manufacturers in decreasing the time and cost of operations and thus, fueling the adoption of packaging machinery in the coming years. This would accelerate the growth of the regional packaging machinery market during the forecast period.
The Germany market dominated the Europe Palletizing Machine Type Market by Country 2020, thereby, achieving a market value of $534.7 million by 2027. The UK market is exhibiting a CAGR of 5.7% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 7.3% during (2021 - 2027).
Based on End Use, the market is segmented into Food, Beverages, Pharmaceuticals, Chemicals, Personal Care and Others. Based on Machine Type, the market is segmented into Filling, Cartoning, Wrapping, Palletizing, Labeling, Form-Fill-Seal, Bottling Line and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Packaging Machinery Market Size will Hit $58.3 Billion by 2027, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include KHS Group (Salzgitter Klöckner-Werke GmbH), Tetra Laval International S.A., Barry-Wehmiller Companies, Inc., CKD Corporation, Coesia S.p.A., Duravant LLC, Fuji Machinery Co., Ltd., Langley Holdings plc, Syntegon Technology GmbH, and The Adelphi Group of Companies.
By End Use
By Machine Type
By Country
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