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

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