The North America Packaging Machinery Market would witness market growth of 4.7% CAGR during the forecast period (2021-2027).
Packaging plays an important part in a product’s lifecycle, as it helps in protecting and preserving the product from external damages. The demand for advanced packaging technologies which can decrease the overall time along with reducing the labor cost of production is driven by high adoption of mass production techniques by the global manufacturing facilities. The growth of the packaging machinery market would be accelerated by the rising inclination of the manufacturers towards the automation of packaging products by cosmetic & personal care, food & beverages, and pharmaceutical industries.
There is growing adoption of packaging machinery due to the increasing applications of packaging machinery across various industrial sectors such as cosmetics, healthcare, food & beverages, and other consumer goods wherein packaging plays the most crucial part. Factors such as rising demand for packaged food & beverages, and thriving e-commerce sector are acting as growth catalysts for the overall packaging machinery market. Further, increased awareness related to personal health and hygiene, along with the rising spending on pharmaceutical products would bolster the growth of the packaging machinery market during the forecast period. In addition, the utilization of sustainable packaging has been increased owing to the COVID-19 pandemic.
The high demand for various packaged food products and the increasing inclination of the consumers towards organic and natural products within various categories like cosmetics, food & beverages, are among the key aspects bolstering the growth of the regional packaging machinery market. In addition, the high adoption of various technically advanced machines and technologies would support the regional growth of the packaging machinery market.
Moreover, consumers in this region are increasingly adopting sustainable and organic products that cause less or no harm to the environment. This would motivate various manufacturers to use eco-friendly materials to package their products, which is estimated to surge the growth of the packaging machinery market over the forecast period. Along with this, the presence of many key market players would also support the regional market growth.
The US market dominated the North America Chemicals Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,161.9 million by 2027. The Canada market is experiencing a CAGR of 8.2% during (2021 - 2027). Additionally, The Mexico market would 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Packaging Machinery Market is Estimated to Reach USD 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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