Packaging Machinery Market

Analysis from GMI Research finds that the Packaging Machinery Market earned revenues of USD 48.5 billion in 2021 and estimated to touch USD 66.0 billion in 2029 will grow at a CAGR 3.9%

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Market Dynamic

Key Drivers and Emerging Trends

The global packaging machinery market is poised to witness a remarkable growth in recent years and will offer abundant growth opportunities to the market players. The major factors driving the market includes the growing use of packaging machinery across food and beverage, electronics, automotive, and pharmaceutical end-user industries, rising urban population, and advent of flexible packaging solutions. Moreover, packaging machinery helps in decreasing labor costs, improving labour productivity, ensuring product quality, and managing specialized need, which further contributes to the market growth. With the growing environmental concerns, the demand for lightweight and thin packaging has increased. Thus, leading producers in the market like Tetra Laval International S.A., Salzgitter AG, Langley Holdings plc, etc. are emphasizing on developing advanced machines to facilitate these concerns and increase production speed. For example, Syntegon Technology introduced its advanced latest packaging technologies at Interpack 2020 (International Packaging Fair) in May 2020 to achieve the sustainability goal.

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Machine Type – Segment Analysis

Form-fill seal segment is predicted to witness a higher CAGR over the forecast period, owing to the growing inclination towards small packaging’s. Also, the increasing application of form-fill machines across food & beverage, chemicals, and cosmetics industries have driven the segment’s growth.

Labeling machines will grow at a faster pace over the coming years. Labeling machines apply labels on packaging container to display all the valuable information about the product, thus, the favorable FDA norms obligating various end-user companies to accurately label the product will boost the market growth.

End-Use – Segment Analysis

Food & beverage segment is expected to hold a larger share during the forecast period. Rapid urbanization, growing working population, and rising per capita income across the developing economies have stimulated the demand for ready to eat and packaged food and beverages, thereby fueling the use of packaging machinery.

On the other side, pharmaceuticals industry is likely to dominate the market over the forecast period, owing to the growing use of packaging machinery for packaging of drugs, liquids, and antiseptic creams, to safeguard them from contamination. Further, regulatory norms enforced on the packaging solutions with rising contract production of pharmaceutical products will expand the market growth.

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Region – Segment Analysis

Asia-Pacific region is forecast to emerge as the fastest growing nation over the forecast period owing to the expansion in pharmaceutical and personal care industries. Further, rising environmental concern, rising per capita income, presence of leading food & beverage and personal care producers will drive the APAC growth. North American Region is predicted to hold a larger share over the upcoming years, owing to the growing demand for automated machines.

Top Market Players

Various notable players operating in the market include Salzgitter AG, Langley Holdings plc, SIG Combibloc Group AG, SACMI Imola S.C, Franz Haniel & Cie. GmbH, Tetra Laval International S.A., Douglas Machine Inc., Coesia S.p.A, Krones AG, M.J. Maillis Group, among others.

Key Developments

• • In 2019, Krones AG partnered with Stadler Anlagenbau GmbH to recycle used PET bottles and other plastic waste. The merger of two companies’ technologies and expertise helped Krones AG to reduce and enhance interfaces.
  • August 2018: Robert Bosch GmbH innovated a latest automation solution for SMEs, with a production capacity of up to 150 packages per minute. This machine is an entry-level Pack 102 horizontal flow wrapper using a Fanuc Scara robot.

Segments covered in the Report:

The global packaging machinery market has been segmented on the basis of machine type, end-use, and regions. Based on machine type, the market is segmented into filling, labeling, form-fill seal, wrapping, palletizing, and others. Based on end-use, the market is segmented into food & beverage, chemicals, personal care, pharmaceuticals, and others. 

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Key questions answered in this research report:

• • At what pace is global packaging machinery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in packaging machinery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global packaging machinery market?
  • Which machine type generated maximum revenues in 2021 and identify the most promising machine type during the forecast period?
  • What are the various end-use areas of global packaging machinery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Packaging Machinery Market by Machine Type

• • Filling
  • Labeling
  • Form-Fill Seal
  • Wrapping
  • Palletizing
  • Others

Global Packaging Machinery Market by End-Use

• • Food & Beverage
  • Chemicals
  • Personal Care
  • Pharmaceuticals
  • Others

Global Packaging Machinery Market by Region

• • North America Packaging Machinery Market (Option 1: As a part of the free 25% customization)
    • By Machine Type
    • By End-Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Packaging Machinery Market (Option 2: As a part of the free 25% customization)
    • By Machine Type
    • By End-Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Packaging Machinery Market (Option 3: As a part of the free 25% customization)
    • By Machine Type
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Packaging Machinery Market (Option 4: As a part of the free 25% customization)
    • By Machine Type
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Packaging Machinery (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Salzgitter AG
  • Langley Holdings plc
  • SIG Combibloc Group AG
  • SACMI Imola S.C
  • Franz Haniel & Cie. GmbH
  • Tetra Laval International S.A.
  • Douglas Machine Inc.
  • Coesia S.p.A
  • Krones AG
  • J. Maillis Group