The global packaging machinery market size is expected to be worth around US$ 65.3 billion by 2030, according to a new report by Vision Research Reports.
The global packaging machinery market size was valued at US$ 45.6 billion in 2020 and is anticipated to grow at a CAGR of 5.1% during forecast period 2021 to 2030.
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Packaging Machinery Market (By Machine Type: Filling, Labeling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line, Others; By End-use: Beverages, Food, Chemicals, Personal Care, Pharmaceuticals) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
|Market Size||US$ 65.3 Bn by 2030|
|Growth Rate||CAGR of 5.1% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Machine type, end-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||KHS Group; SIG Combibloc Group Ltd.; Tetra Laval International S.A.; Krones AG; I.M.A. Industria Macchine Automatiche S.p.A.; Syntegon Technology GmbH; ProMach; GEA Group Aktiengesellschaft; Sacmi; Bradman Lake Ltd.; ROVEMA GmbH; Douglas Machine Inc.; Coesia S.p.A; Maillis Group; Duravant|
The rising demand for packaged food and beverages, coupled with the growing pharmaceutical and personal care industries, is expected to drive the demand for packaging machinery over the forecast period.
The growing popularity of single-serve bag sizes and smaller portions has increased the demand for high-speed and efficient packaging machines. Moreover, with the consumer-driven demand for a wide range of products in different packaging sizes and shapes, there is an increasing demand for flexible packaging machines that can adapt to different products and pack styles.
By Machine Type Analysis
The others segment led the market and held a revenue share of over 25.0% in 2020. The filling segment accounted for the second-largest revenue share in 2020. Filling machines measure out the product by a fixed value, volume, weight, or count from a bulk supply, filled into various packaging formats.
The form-fill-seal segment is likely to register the highest CAGR of 5.2% over the forecast period on account of the increasing preference for single-serve packages and small portions, coupled with the growing popularity of flexible packaging.
Labeling machines dispense and apply or print and apply labels on numerous types of packaging containers as well as display, transit, and point-of-sale packs. Labels are used to brand, decorate, or provide valuable information about the product or the brand to customers.
Wrapping machines are generally used for secondary and tertiary packaging of products or groups of products. These machines wrap flexible packaging materials, such as plastic film, paper, or aluminum, around a single product or a group of products
By End-use Analysis
The food segment led the market and accounted for over 35.0% share of the global revenue in 2020. Factors such as new product launches and the expansion of the retail network are anticipated to positively impact the demand for packaged food, in turn, favoring the market growth.
The demand for packaging machines in the beverage industry is likely to be driven by factors such as the growing consumption of beverages, changing preference towards organic and functional beverage consumption, and an increase in the variety of beverage products.
The pharmaceuticals end-use segment is likely to expand at the highest CAGR of 4.8% over the forecast period. Packaging machines are used for the packaging of different pharmaceutical products, such as tablets, capsules
The personal care industry is expected to witness growth in the years to come owing to various factors such as increasing spending and purchasing power, changing lifestyles
By Regional Analysis
Asia Pacific led the market and accounted for over 35.0% share of the global revenue in 2020. Rapid population growth, coupled with the increasing household spending capacity, is expected to drive the demand for packaged consumer products, which is, in turn, anticipated to bolster the market growth in the region.
North America is likely to expand at a CAGR of 3.2% over the forecast period. The significant demand for highly automated and integrated machines delivering increased efficiency and higher processing speeds with lower energy consumption is expected to drive the market in the region over the forecast period.
- KHS Group
- SIG Combibloc Group Ltd.
- Tetra Laval International S.A.
- Krones AG
- I.M.A. Industria Macchine Automatiche S.p.A.
- Syntegon Technology GmbH
- GEA Group Aktiengesellschaft
- Bradman Lake Ltd.
- ROVEMA GmbH
- Douglas Machine Inc.
- Coesia S.p.A
- Maillis Group
- Machine Type
- Bottling Line
- Personal Care
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- North America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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