The Latin America, Middle East and Africa Packaging Machinery Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
Packaging machinery helps in enhancing the visual appearance of any product and has found higher focus for positioning and targeting any particular market. The demand for packaging machinery has increased due to the rising demand for a wide range of consumer goods across the globe.
The growing demand for a wide range of products in various types & sizes of packages is estimated to boost the growth of the packaging machinery market due to its customer-oriented. There are several manufacturers in the end-use sectors that are adopting modular packaging machines, which provide more flexibility and rapidly adapt to the constantly changing packaging formats, coupled with whole packaging lines that have various functions like labeling, filling, and closing from one source.
Availability of a wide range of various products across different industries like pharmaceutical, food & beverages, and other consumer goods would accelerate the growth of the regional packaging machinery market. In addition, the growing e-commerce sector across different nations of this region is creating lucrative opportunities for the regional market players. Additionally, factors like increasing disposable income and changing consumer lifestyle are creating demand for various products, which would augment the demand for the packaging machinery market over the forecast period.
Moreover, the growing demand for convenient and ready-to-eat food products would boost the growth of the regional packaging machinery market over the forecast period. Along with that, the high adoption of advanced packaging machinery by manufacturers across various industrial sectors would spur the growth of the regional market.
The Brazil market dominated the LAMEA Bottling Line Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $144.4 million by 2027. The Argentina market would witness a CAGR of 7% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 6.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Packaging Machinery Market is Predict to reach $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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