Packaging Machinery Market Research Report - Global Forecast To 2030

Packaging Machinery Market Information by Type (Form Fill Seal, Labelling & Coding, Closing & Sealing, Wrapping & Bundling and others), by End–User (Food, Beverages, Pharmaceutical, Personal care, and others) And Region - Forecast To 2030

ID: MRFR/PNT/0693-HCR | February 2021 | Region: Global | 111 pages

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Packaging Machinery Market Synopsis


The packaging pieces of machinery are responsible for the end-user applications and the safety of the products. The packaging machinery market growth is stimulating in recent years owing to the advent of advanced technologies such as automation, robots, and other technical advancements. The automation and the semi-automated packaging pieces of machinery are helping the end-user industries to scale up effectively while controlling the costs of the operations. Therefore the packaging machinery market is expected to grow with a healthy USD 49,055.20  million CAGR of 5.90% during the forecast 2021-2030. 


The increasing population and industrialization are fuelling the overall growth of the packaging machinery industry in recent years. Moreover, the industries are focusing on and handling several strategies to increase the production rate. Such factors are presenting opportunities for the packaging machinery market growth. 


COVID 19 Analysis:


The COVID 19 pandemic has affected several industrial verticals throughout the pandemic. The prolonged lockdown and the reduced labor have impacted the packaging machinery market growth negatively. The manufacturing facilities and the production facilities were adversely affected by the pandemic. The demand for consumer goods and electronics were also declined during the pandemic. 


On the other side, the demand for the pharmaceutical industries and medical sectors was experiencing higher growth due to the increasing number of COVID cases across the globe. Such factors have increased the demand for medicines, and pharmaceutical drugs, that require proper packaging. Such factors have aided the overall growth of the packaging machinery industry despite the influence of COVID. Additionally, the significant drive from the e-commerce sectors during the pandemic, as there were stringent restrictions in the movement was also influencing the overall growth of the packaging machinery industry. 


Market dynamics:


Market drivers: 


The increasing adaptation of automated technologies and the growing inclination towards consumer goods across the globe are considered as the major drivers of packaging machinery market growth. 


The advent of efficient packaging types of machinery and vacuum packaging technologies in the industry is propelling the established end-user industries to adopt them for efficient business growth. Moreover, the stringent regulations imposed by the governments of the developed countries are propelling the demand for environmental packaging. Such factors are considered as the major drivers of packaging machinery market growth.


Market opportunities:


The leading market players of packaging machinery industries are bringing in novel developments into the packaging machinery industry. For instance, in the year 2018, one of the leading market players, Robert Bosch GmbH has introduced an automated solution that is capable of producing 150 packages every minute. The machine is named the Fanuc scara robot. Such factors are expected to propel the overall growth of the packaging machinery industry during the forecast period.


The growing logistics and transportation sector across the globe are presenting opportunities for the overall growth of the packaging machinery industry during the forecast period. The increasing adoption of eCommerce websites and the offers and convenience acquired through online shopping propel a wide population to shop online. Such factors are presenting lucrative opportunities for the packaging machinery market growth during the forecast period.


Market restraints:


The higher costs for the production and import activities for the integrated packaging machinery for the operations such as wrapping, automated labeling, palletizing machines, and significant others require higher capital costs. Such factors are hindering the overall growth of the packaging machinery industry.


The taxes imposed at the custom duty in the developing regions such as India, Argentina, and other countries were also negatively influencing the overall growth of the packaging machinery industry.


Market challenges:


The stringent regulations imposed the governmental organizations in the developed counties regarding the packaging and safety of the products is considered as the major challenge for the packaging machinery market growth. The waste generated and the energy utilized were monitored and the regulations imposed on these aspects were also considered as the major challenges for the overall growth of the packaging machinery industry.


The fluctuation in the raw materials and the increasing price of the raw materials required at the packaging industries. Also, the raw materials required to manufacture the potential packaging machinery are considered as the primary challenge in the packaging machinery market growth. 


Cumulative growth analysis:


The packaging machinery market demand is highly influenced by the growth and demand of the pharmaceutical drugs industry. Pharmaceutical industries are intensively reliant on potential packaging. The improper packaging and inefficient packaging might severely affect the value and quality of the drugs. They can potentially change the chemical properties of the drugs as well. The increasing number of chronic illnesses and other health-related emergencies across the globe are influencing the growth of the pharmaceutical industry which in turn impacts the overall growth of the packaging machinery industry in recent times. Therefore the market value of the packaging machinery industry was at USD 40.08 billion in the year 2019 and it is expected to surpass the market value of over USD 52.83 billion by the year 2027 while registering a CAGR of 3.6% during the forecast period. Moreover, the advent of various types of machinery that are specifically designed for the medicines, which includes, strip packing machines, blister packing machines, fill and sealing machines, tablet counting machines, and so on. 


Value chain analysis:


The increasing demand in the varied end-user industries such as food and beverages, pharmaceutical, personal care, and significant other industries are considered as the major market drivers of the packaging machinery industry. The growing demand for packed food and beverages, due to the convenience and higher quality from several brands is encouraging a huge population to purchase the packed foods. Moreover, the packages for the foods are not just for the protection, but the key factors like brand promotion, safety, and standard of quality. Therefore the food and beverage segment is expected to hold a market value of over 60% during the forecast period. Such factors are considered as the key market drivers of packaging machinery market growth. 


Based on end-users the market has been segmented as Food, Beverages, pharmaceuticals, Personal care, and others. Packaging is important for the safety of food products and it also plays an important role in the products marketing mix. Therefore, the food and beverages industry together are expected to contribute the highest to the growth of the packaging machinery market. 


 


packaging machinery market 


Segment overview:


Based on type:



  • Form fill seal

  • Labeling and coding

  • Closing and sealing

  • Wrapping and bundling

  • Others 


Based on end-user industries:



  • Food 

  • Beverages

  • Pharmaceutical

  • Personal care

  • Others


Based on machine-type:



  • Bottling line

  • Cartooning 

  • Case handling

  • Closing 

  • Filing and dosing

  • Form, fill, and deal

  • Labeling, decorating, and coding

  • Palletizing 

  • Wrapping and bundling

  • Others.


Based on packaging type:



  • Flexible

  • Rigid

  • Semi-rigid 


Based on materials used:



  • Metal 

  • Plastic

  • Paper

  • Glass 


Based on products:



  • Bottles

  • Cans

  • Pouch

  • Others


Regional analysis:


Currently, the Asia-pacific region is witnessing healthy growth concerning the packaging machinery industry, which is because of the presence of several food and beverage industries and manufacturing industries across the region. Japan, Taiwan, India, and China are known as manufacturing hubs and they are considered as the major suppliers for foreign regions. Therefore Asia-pacific region is expected to hold its highest market share during the forecast period. Moreover, the increasing investment from the established manufacturers and the investment from the governmental organization upon these manufacturing sectors are presenting lucrative opportunities for the overall growth of the packaging machinery industry.


On the other hand, countries like Saudi Arabia are expected to project higher market growth during the forecasting period, owing to the favorable program like Vision 2030, which fortifies the companies to invest in the infrastructural, industrial, and tourism segments. Similarly, North America is strengthening the packaging machinery market value with the help of automation technologies in the food and beverage, pharmaceutical, and other significant sectors. The growing economic conditions and the inclination towards a higher standard of living are also propelling the packaging machinery market growth in recent times.


Competitive landscape:



  • Barry-Wehmiller (U.S.)

  • Illinois Tool Works Inc. (U.S.)

  • Krones AG (Germany)

  • Bosch Packaging Technology (U.S.)

  • GEA Group AG (Germany)

  • Automated Packaging Systems (U.S.)

  • Dover Corporation (U.S.)

  • Graphic Packaging Holding (U.S.)

  • Mamata Enterprises (India)

  • MULTIVAC Group (U.S.)

  • Nordson Corporation (U.S.)

  • Pro Mach, Inc. (U.S.)

  • Sato Holdings Corporation (Japan)

  • Tetra Level International (Switzerland)

  • Reynolds Group Holdings (New Zealand) 


Recent developments:


The established market players are adopting the lean packaging operation with the Overall equipment effectiveness technique that integrates the packaging machines with the automated techniques that are highly helpful in the continuous production facilities in the medical and drug industries and other manufacturing industries. 


In the year 2019, two leading market players in the packaging machinery industry have joined hands to harness the benefits of plastics recycling for the customers. The leading market players have put their best foot forward in the sorting and recycling technologies, their collaboration has enabled healthy growth in the packaging machinery industry and helps in the execute the specified customer demands.


Report overview:


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


Segmentation Table:


 


Based on type:


 



  • Form fill seal

  • Labeling and coding

  • Closing and sealing

  • Wrapping and bundling

  • Others


Based on end-user industries:



  • Food 

  • Beverages

  • Pharmaceutical

  • Personal care

  • Others


Based on machine-type:



  • Bottling line

  • Cartooning 

  • Case handling

  • Closing 

  • Filing and dosing

  • Form, fill, and deal

  • Labeling, decorating, and coding

  • Palletizing 

  • Wrapping and bundling

  • Others 


Bad on packaging type:



  • Flexible

  • Rigid

  • Semi-rigid 


Based on materials used:



  • Metal 

  • Plastic

  • Paper

  • Glass 


Based on products:



  • Bottles

  • Cans

  • Pouch

  • Others 



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 49,055.20 million
  CAGR   6% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, and End–User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Barry-Wehmiller (U.S.), Illinois Tool Works Inc. (U.S.), Krones AG (Germany), Bosch Packaging Technology (U.S.), GEA Group AG (Germany), Automated Packaging Systems (U.S.), Dover Corporation (U.S.), Graphic Packaging Holding (U.S.), Mamata Enterprises (India), MULTIVAC Group (U.S.), Nordson Corporation (U.S.), Pro Mach, Inc. (U.S.), Sato Holdings Corporation (Japan), Tetra Level International (Switzerland), Reynolds Group Holdings (New Zealand)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Increasing usage of automation in packaging industry
  • Increasing consumption of consumer goods
  • Advancements in the technology of energy efficient packaging machinery
  • Increasing use of vacuum packaging machines
  • Introduction of stringent government regulations for promoting environmental friendly packaging


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    Frequently Asked Questions (FAQ) :

    Food & beverage is the largest end-users segment in the global packaging machinery market.

    Rising demand from various industries that are undergoing automation processes, demand for packaging robots, and substantial investments, are major tailwinds pushing the growth of the global packaging machinery market.

    Asia Pacific holds the largest share in the global packaging machinery market, followed by North America and Europe, respectively.

    Barry-Wehmiller (U.S.), Krones AG (Germany), Reynolds Group Holdings (New Zealand), Illinois Tool Works Inc. (U.S.), Level International (Switzerland), Sato Holdings Corporation (Japan), Tetra Bosch Packaging Technology (U.S.), Mamata Enterprises (India), GEA Group AG (Germany), Dover Corporation (U.S.), Automated Packaging Systems (U.S.), Graphic Packaging Holding (U.S.), Nordson Corporation (U.S.), MULTIVAC Group (U.S.), and Pro Mach, Inc. (U.S.), are some of the top players operating in the global packaging machinery market.

    Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global packaging machinery market adopt to gain a larger competitive advantage.

    • Barry-Wehmiller (U.S.) • Illinois Tool Works Inc. (U.S.) • Krones AG (Germany) • Bosch Packaging Technology (U.S.) • GEA Group AG (Germany) • Automated Packaging Systems (U.S.) • Dover Corporation (U.S.) • Graphic Packaging Holding (U.S.) • Mamata Enterprises (India) • MULTIVAC Group (U.S.) • Nordson Corporation (U.S.)

    The global packaging machinery market size was at USD 40.08 billion in the year 2019 and it is expected to surpass the market value of over USD 49,055.20 million by the year 2030 while registering a CAGR of 5.90% during the forecast period.