Packaging Machinery Market Research Report—Global Forecast till 2028

Packaging Machinery Market Information By Machine-Type (Filling, Labeling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line, and Others), By End-Use (Beverages, Food, Chemicals, Personal Care, Pharmaceuticals, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2028

ID: MRFR/PNT/0693-CR | November 2022 | Region: Global | 110 Pages         

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Packaging Machinery Market

The packaging machinery market is expected to grow with a healthy USD 72,624.7 million CAGR of 5.9% during the forecast 2022-2030.

Segmentation
By Type Form Fill Seal Labelling & Coding Closing & Sealing Wrapping & Bundling others
By End–User Food Beverages Pharmaceutical Personal care others
Key Players
Companies Profiled   Barry-Wehmiller (U.S.)   Illinois Tool Works Inc. (U.S.)   Krones AG (Germany)   GEA Group AG (Germany)   Dover Corporation (U.S.)   Graphic Packaging Holding (U.S.)   MULTIVAC Group (U.S.)   Nordson Corporation (U.S.)   Pro Mach    Inc. (U.S.)   Sato Holdings Corporation (Japan)   Tetra Level International (Switzerland)
Drivers
Market Driving Forces   The increasing adaptation of automated technologies   Growing inclination towards consumer goods across the globe
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Global Packaging Machinery Market Research Future Insights


The  packaging machinery market size is projected to reach approximately USD 72,624.7 million by 2030, at a CAGR of 5.9% from 2022-2030.

The major factors propelling the market growth such as the high demand for packaged foods & beverages and growing consumer spending on pharmaceuticals & personal care products. Furthermore, packaging equipment is needed by several logistics organizations to wrap and package their products prior to shipping. E-commerce is gaining momentum across the globe, facilitated by the growing penetration of internet connections and online retailers.


COVID-19 Impact Analysis


The COVID-19 pandemic had a considerable impact on the  packaging machinery market. The increased number of COVID-19 cases across the globe impacted consumer shopping at retail shops and convenience stores. Also, the disturbance of the supply chain and the absence of workforce availability negatively impacted the  Packaging Machinery market growth. Moreover, the major players in various regions emphasized the development of new strategies to meet the demand of consumers.


Packaging Machinery Market Dynamics


As per the  Packaging Machinery Market Report, the market trends include growing quickly due to technological advancement associated with the  machinery industry, boosting the demand for a huge range of automatic and semi-automatic packaging machinery across the continents. The requirement for packaging machines is experiencing a significant enhancement in their ability to fill precisely, seal, bundle, wrap, and pack a wide range of industrial goods. In addition to this, the establishment of value-added features, including PLC-controlled operation, touch screen HMI, easy tool-free changeover PC connectivity, and various others in packaging machinery, has increased its relevance among packaging machine manufacturers. Manufacturers in the market are enhancing R&D in cost-effective automatic box packaging technology.


Market Drivers



  • Growing demand for packaging from the end-user industry


Owing to the digitization of technologies, the proliferating retail industry around the globe and e-commerce portals are likely to positively influence the demand for packaging. Retailers contend in selling with the end users to enhance their revenue generation. Manufacturers are also interested in retail through direct-to-customer sales via e-retail websites. Retailers tend to improve their buying in bulk from machine manufacturers to enhance their profit margins. Growing retail chains and outlets to expand the customer foothold are expected to augment product growth during the  Packaging Machinery Market forecast period.


Increasing use of vacuum packaging machines



  • New product introduction and R&D amongst major key players


Market Restraints:



  • High production and import cost


Prominent market players are emphasizing integrated packaging machines with automated labeling, wrapping, or palletizing machines, thus making them more efficient by decreasing the operation time. However, it enhances the overall production expenses. Small and medium enterprises find it challenging to buy these machines, thus, negatively impacting the export business. Moreover, developing countries such as India, and Argentina, face the issue of importing machinery owing to the taxes imposed by custom duty, thereby hindering  market growth.



  • Suitability for high-volume packaging limits  Packaging Machinery Market growth


Market Opportunities:



  • Growing demand for packaging in the logistics & transportation and supply-chain industry


Various logistics and transportation companies necessitate packaging to wrap their consumer goods and commodities. Therefore, the continuous enhancement in the logistics and transportation industry is anticipated to spur the demand for packaging machinery, boosting the market growth during the forecast period. It is attributed to the growing need for the transportation of goods and products safely from one location to another. Furthermore, the e-commerce industry has grown tremendously during the forecast period, which in turn drives the packaging machine market growth.



  • Advancements in the technology of energy-efficient packaging machinery

  • Increasing utilization of automation in the packaging industry


Global Packaging Machinery Market Segmentation


Machine-Type Insights


Based on machine type, the  packaging machinery market segmentation is filling, labeling, form-fill-seal, cartoning, wrapping, palletizing, bottling line, and others. The form-fill-seal category held a significant share in 2021 due to the growing demand for wrapped foods, such as wrapped vegetables, loaves of bread, sandwiches, etc., in urban areas, which is projected to contribute to the growth of the wrapping machine category considerably. Besides this, labeling was the fastest-growing category due to the rising need for labeling products with essential and adequate information is becoming a major factor in the packaging industry.


End-User Insights


By end-user, the  packaging machinery market segmentation is beverages, food, chemicals, personal care, pharmaceuticals, and others. In 2021, the food category held a major market share owing to the growing consumption of healthy and organic products requiring a particular packaging type. Besides, personal care was the fastest-growing category owing to different aspects, such as increasing spending, changing lifestyles, purchasing capacity, and the availability of a huge spectrum of products appropriate for every consumer.


Global Packaging Machinery Market Share by Region, 2021 (%)Packaging Machinery Market Share by Region, 2021Packaging Machinery Market Overview, by Region


By region, the  market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the most extensive market share. North America is anticipated to exhibit the highest CAGR during the forecast period.


Asia-Pacific


Asia-Pacific held a significant market share in 2021 due to rapid population growth, and rising consumer purchasing power is likely to fuel the demand for packaged goods. Various regional companies are coming together to boost their production capacity and strengthen their market presence. For instance, in December 2021, Syntegonand Shanghai Pharmaceuticals signed an agreement to create a laboratory for continuous manufacturing technology in China. As part of this partnership, both companies will use their resources in this in-depth "co-laboratory" cooperation to create a domestic benchmark for continuous manufacturing, improve production efficiency, and help innovation development.


North America


North America was the fastest growing region in 2021 owing to the highly established food & beverage industry in the US and Canada. The presence of several multinational food processing and manufacturing enterprises results in an increased demand for packaging machinery. Technological progress in packaging tools is also one of the leading factors driving the region's market growth.


Packaging Machinery Market Competitive Landscape


The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have  reach with diverse product portfolios. Companies such as Maillis Group, Langley Holding plc, Douglas Machine Inc., Rovema GmbH, and KHS Group dominate the  market owing to product differentiation, financial stability, strategic developments, and diversified regional presence. The major players are concentrating on supporting Packaging Machinery Market research and development. Moreover, they embrace strategic growth initiatives, including development, product introduction, joint ventures, and partnerships, to maintain their market position and capture an extensive customer base. For instance, in March 2022, Multivac introduced a new tray sealer with its compact and fully automatic T 305. The recently launched product is characterized by its high performance, flexibility, and pack quality. Furthermore, the product is designed for packing small and medium-sized batches in the food sector and for quick product changes. Furthermore, in January 2021, ProMach acquired Bartelt from KHS Group. ProMach aims to boost the portfolio of pouch packaging solutions and enable the company to grow by adding a new North American base for flexible packaging solutions.


Prominent players in the  packaging machinery industry include Tetra Laval International S.A., Krones AG, IMA Industria Macchine Automatiche S.p.A., Syntegon Technology GmbH, ProMach, GEA Group, Aktiengesellschaft, Sacmi, Coesia S.p.A., and Duravant, among others.


Scope of the  Packaging Machinery Market Report


Machine-Type Outlook



  • Filling

  • Labeling

  • Form-Fill-Seal

  • Cartoning

  • Wrapping

  • Palletizing

  • Bottling Line

  • Others


End-Use Outlook



  • Beverages

  • Food

  • Chemicals

  • Personal Care

  • Pharmaceuticals

  • Others


Region Outlook



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Packaging Machinery Market Forecast:


To identify and estimate the Packaging Machinery market size for the  market segmented by machine type and end-use by value (in US dollars). Also, to understand the consumption/ demand created by consumers of packaging machinery between 2022 and 2030


Market Landscape and Trends:


To identify and infer the drivers, restraints, opportunities, and challenges for the  market.


Market Influencing Factors:


To find out the factors which are affecting the sales of packaging machinery among consumers


Impact of COVID-19:


To identify and understand the various factors involved in the  market affected by the pandemic


Company Profiling:


To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Packaging Machinery Manufacturers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts



Report Scope:

Report Attribute/Metric Details
  Market Size   2028: USD 72,624.7 million
  CAGR   5.9%
  Base Year   2019
  Forecast Period   2020-2028
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Machine-Type and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Krones AG, GEA Group, I.M.A. Industria Macchine Automatiche S.p.A., Tetra Laval International S.A., ProMach, Aktiengesellschaf, Sacmi, Syntegon Technology GmbH, Coesia S.p.A., and Duravant,
  Key Market Opportunities   Growing usage of automation in the packaging industry
  Key Market Drivers   Increasing use of vacuum packaging machines


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Frequently Asked Questions (FAQ) :

The study period of the  market is 2022-2030

The  market is increasing at a CAGR of 5.9% over the next 10 years.

North America is anticipated to register the highest CAGR during 2022-2030

Asia-Pacific held the largest share in 2021

Tetra Laval International S.A., Krones AG, IMA Industria Macchine Automatiche S.p.A., GEA Group, Syntegon Technology GmbH, ProMach, Aktiengesellschaft, Sacmi, Coesia S.p.A., and Duravant are the prominent companies operating in the  market.