The Global Packaging Machinery Market size is expected to reach $58.3 billion by 2027, rising at a market growth of 5.9% CAGR during the forecast period. Machinery that helps in performing numerous functions related to the packaging of any product or a group of products is known as packaging machinery. This machinery performs functions like canning; filling, container cleaning, and forming; bagging, sealing, unpacking, packing, bottling, and lidding; inspection and check weighing; shrink film, wrapping, and heat sealing; labeling, case forming, and encoding; palletizing and depalletizing; and others.
The growth of the packaging machinery market is attributed to the increasing demand for packaging in logistics and transportation. There are numerous logistics and transportation enterprises that need packaging machinery to package and bundle their goods & commodities before the shipment of these products. The packaging machinery market would witness bright growth prospects with the growing logistics & transportation sector. Packaging helps in ensuring the hygiene and safety of products and consignments at the time of transportation. In addition, the market growth is further driven by the booming e-commerce sector.
The increasing implementation of networking architectures, servos, and robotic applications is among the key aspects fueling the growth of packaging machinery market. This trend would create lucrative opportunities for OEMs to better respond to the requirement for increased automation by replacing conventional pneumatic machinery with advanced electromechanical systems. Similarly, the growing adoption of robotics and similar technology is instrumental in order to bring complete automation in the packaging process and industry. The adoption of highly advanced technologies across the value chain, consisting of product packaging, production, logistics, warehousing, and supply chain within the packaging industry, is increasing.
The outbreak of the COVID-19 pandemic has disrupted the supply chain of numerous sectors across the globe. The imposition of lockdown and a temporary ban on manufacturing units, along with the restrictions of imports & exports have significantly impacted the packaging machinery market in the initial phase of the pandemic. However, the increasing production of various medical gears like masks, PPE kits, and others, has positively impacted the demand of advanced packaging machinery.
Moreover, several manufacturers had to restrict their workforce at their manufacturing units owing to the regulations and rules imposed by the governments. Though, the deployment of advanced techniques by OEMs to boost production capacity would support the growth of the packaging machinery market over the forecast period. In the same way, the overall market is expected to witness bright growth prospects due to the surge in preference of consumers towards e-commerce channels due to the pandemic.
With the changing lifestyle of consumers, the demand for convenient and packaged food products has significantly increased in the last few years. The busy schedule of consumers is motivating them to adopt ready-to-go food products, which would augment the growth of the packaging machinery market over the forecast period. In addition, the increasing population of working people would create more demand for packaged food and thus, contributing to the market growth.
With the increasing cases of various diseases along with the COVID-19 pandemic, people are becoming more concerned about the safety and sanitization of their products. In addition, manufacturers are increasingly using automated packaging machinery for ensuring the safety of their products. Packaging machinery helps in minimizing human touch, which reduces the chances of transmission of any disease, especially in the case of the COVID-19 pandemic.
The overall cost of packaging machinery is quite high as it included the cost of manufacturing and the cost of implementation, due to this, several small and medium-sized manufacturing units would restrict themselves from adopting the automated and advanced packaging machinery. In addition, technical failures of such machinery would incur more expenses to the manufacturers, which would hamper the demand for packaging machinery.
Based on End Use, the market is segmented into Food, Beverages, Pharmaceuticals, Chemicals, Personal Care and Others. The food segment procured the highest revenue share in the market in 2020. The increasing number of product launches and the expansion in the retail network would fuel the demand for packaged food, which would further accelerate the growth of the market. The increasing consumption of beverages, expansion in the range of beverages, and the shifting preference of the consumers towards functional & organic beverages are some of the driving factors for the growth of the segment. The introduction of innovative and new products by various beverage manufacturers is estimated to fuel the demand for extremely advanced and flexible packaging machines to cater to these product portfolios.
Based on Machine Type, the market is segmented into Filling, Cartoning, Wrapping, Palletizing, Labeling, Form-Fill-Seal, Bottling Line and Others. The form-fill-seal segment would exhibit the highest growth rate during the forecast period. Factors such as rise in popularity of flexible packaging and higher preference for single serve packages are responsible for the growth of this segment. These form-fill-seal machines are developed to make packages with the material transferred from a roll, fill it with the product, and seal it. The majority of such machines make the primary package like a bag or a pouch, utilizing a flexible film.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 35.1 Billion |
| Market size forecast in 2027 | USD 58.3 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 5.9% from 2021 to 2027 |
| Number of Pages | 213 |
| Number of Tables | 342 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | End Use, Machine Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America is projected to record a promising growth rate in the packaging machinery market during the forecast period. The growth catalyst for regional market is increased demand for fully automated and integrated machines that provide higher efficiency and processing speeds with less energy consumption.
Free Valuable Insights: Global Packaging Machinery Market size to reach USD 58.3 Billion by 2027
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 Geography
The global packaging machinery market size is expected to reach $58.3 billion by 2027.
Growing demand for various packaged and convenient food products are driving the market in coming years, however, high cost and the technical failures of the packaging machinery have limited the growth of the market.
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.
The expected CAGR of the packaging machinery market is 5.9% from 2021 to 2027.
The pharmaceuticals segment is estimated to witness the highest growth rate during the forecast period. Packaging machines are widely utilized for the packaging of various kinds of pharmaceutical products, like capsules, tablets, liquids, vaccines, and antiseptic creams.
The Asia Pacific emerged as the leading region in the packaging machinery market with the maximum revenue share in 2020.
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