The Future Of The Packaging Machinery Market: Insights And Projections

  

Packaging Machinery Industry Overview


The global packaging machinery market size was estimated at USD 44.17 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. The key factors propelling the industry growth include the high demand for packaged foods & beverages and rising consumer spending on pharmaceuticals & personal care products. The COVID-19 pandemic had a significant impact on the global industry. The high number of COVID-19 cases across the globe affected consumer shopping at retail shops and convenience stores. Also, disruption of the supply chain and lack of availability of the workforce negatively impacted the industry growth. However, over the forecast period, the industry is expected to recover swiftly.


Gather more insights about the market drivers, restrains and growth of the Packaging Machinery Market


Packaged food and beverages offer convenience, ease, and time efficiency. These aspects of packaged foods and beverages are the factors encouraging consumers to spend on such products. Over the forecast period, an increasing share of millennials and Gen-Z in consumer profiles is likely to boost the demand for convenience products. Furthermore, the growth is driven by growing innovations and technology improvement. Advancements, such as automation, robots, and other technologies, are improving product penetration in various industries. Automated and semi-automated packaging machines are helping the end-user industries to scale up effectively while controlling the costs of operations.


Packaging equipment is required by various logistics organizations to wrap and package their products before shipping. E-commerce is gaining momentum across the world facilitated by the rising penetration of internet connections and online retailers. Thus, the rising popularity of e-commerce and online shopping is also expected to drive the industry growth over the forecast period. Developed efficient packaging equipment and vacuum packaging techniques to encourage the established end-user industries to adopt solutions for optimal business expansion, thereby supporting growth. Furthermore, the demand for environmental packaging is being encouraged by the strict laws imposed by the governments of industrialized nations; this, in turn, is boosting industry growth.


Browse through Grand View Research's Food Safety & Processing Industry Research Reports.


• The global food glazing agents market size was valued at USD 4.43 billion in 2023 and is expected to grow at a CAGR of 8.2% from 2024 to 2030. This projected growth can be attributed to the rising popularity of bakery and confectionery products.


• The global monk fruit sweetener market size was estimated at USD 353.7 million in 2023 and is expected to expand at a CAGR of 7.7% from 2024 to 2030. The global rise in diabetes and obesity has fueled demand for sugar alternatives that do not raise blood sugar levels.


Packaging Machinery Market Segmentation


Grand View Research has segmented the global packaging machinery market on the basis of machine-type, end-use, and region:


Packaging Machinery Machine-type Outlook (Revenue, USD Billion, 2017 - 2030)
• Filling
• Labeling
• Form-Fill-Seal
• Cartoning
• Wrapping
• Palletizing
• Bottling Line
• Others


Packaging Machinery End-use Outlook (Revenue, USD Billion, 2017 - 2030)
• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others


Packaging Machinery Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Spain
o Italy
o Russia
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Central & South America
o Brazil
• Middle East & Africa
o Saudi Arabia
o UAE


Order a free sample PDF of the Packaging Machinery Market Intelligence Study, published by Grand View Research.


Key Companies profiled:
• Langley Holding plc
• Maillis Group
• Rovema GmbH
• Douglas Machine Inc.
• KHS Group
• SIG
• Tetra Laval International S.A.
• Krones AG
• I.M.A. Industria Macchine Automatiche S.p.A.
• Syntegon Technology GmbH
• ProMach
• GEA Group Aktiengesellschaf
• Sacmi
• Coesia S.p.A.
• Duravant

Comments

Post a Comment

Popular posts from this blog

Cookies Market Will Rise Due To Increasing Popularity Of E-Commerce Sites

Image
June 28, 2019:  The global cookies market size is expectded to reach USD 44.01 billion by 2025 with a CAGR of 5.3%, according to a new report by Radiant Insights, Inc. Rising product popularity and increasing demand for on-the-go snacks in developed markets including Germany and U.K. are expected to remain key driving factors for the market over the forecast years. Increasing demand for gluten-free cookies as alternatives to conventional counterparts due to rising concerns regarding glutamic disorders is also offering growth opportunities for the global market. Request a Free Sample Copy of Cookies Market Report @  https://www.radiantinsights.com/research/cookies-market/request-sample Rapid urbanization along with increasing disposable income levels in emerging economies, such as China and India, is projected to boost the product demand. Innovative marketing strategies undertaken by major companies in the market to lure new customers will also contribute to the mar...
Read more

The Pet Food Industry: A Vital Part of the Pet Ownership Experience

Image
    Global pet food sector database is a collection of market sizing information & forecasts, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.   Access the  Global Pet Food Industry Data Book , 2023 to 2030, Compiled Report By Grand View Research   Cat Food Market Report Highlights   The global cat food market size is growing at a CAGR of 3.8% during the forecast period, as per a new report by Grand View Research, Inc. • The market is estimated to advance at a CAGR of 4.4% from 2023 to 2030. This is attributed to the increase in pet obesity, the rise of nuclear families, the humanization of pets, growing awareness of...
Read more

Global Bale Wrappers Market Research Report, 2018-2023

Image
The global Bale Wrappers market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2023, growing at a CAGR of XX% between 2017 and 2023. This report offers an overview of the market trends, drivers, and barriers with respect to the Bale Wrappers market. It also provides a detailed overview of the market of different regions across United States, Europe, China, Japan, India, Southeast Asia and Others. The report categorizes Bale Wrappers market by by Bale Wrappers Types, by Bale Types, and application. Detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Bale Wrappers market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2023, growing at a CAGR of XX% between 2017 and 2023. Request a Free Sample Copy of this Report @   https://www.radiantinsights.com/research/global-bale-wrappers-market-research-report-2018-2023/request-samp...
Read more