Packaging Machinery Market Size to grow by USD 15.5 billion between 2024-2028
According to a research report “ Packaging Machinery Market” by End-user (Food, Beverage, Pharmaceutical, Chemicals, Others) Product (FFS machines, Labeling and coding machines, Closing and sealing machines, Wrapping and bundling machines, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 15.5 billion, at a CAGR of almost 5.36% during the forecast period. In the business landscape, the packaging machinery market experiences significant growth due to the increasing demand from various industries, including food and beverage, pharmaceuticals, personal care, and consumer goods. In the food and beverage sector, packaging machinery plays a pivotal role in ensuring product safety and integrity. For instance, it guarantees tamper resistance and offers special physical, chemical, and biological protection. Proper packaging of food facilitates efficient and reliable distribution in the value chain, thereby reducing post-harvest losses. Key applications of packaging machinery in the food and beverage industry include readymade food packaging, snack packaging, beer packaging, soft drinks packaging, energy drinks packaging, alcoholic beverages packaging, and ready-to-drink iced tea packaging.
Browse market data tables, figures, and in-depth TOC on “Packaging Machinery Market” by End-user (Food, Beverage, Pharmaceutical, Chemicals, Others) Product (FFS machines, Labeling and coding machines, Closing and sealing machines, Wrapping and bundling machines, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By End-user, the Food segment is projected to dominate the market size in 2024
In the packaging industry, Form-Fill-Seal (FFS) machines are the preferred choice due to their multifunctional capabilities. These machines execute three essential functions: forming the package, filling it with either wet or dry products, and sealing it. FFS machines cater to a wide range of applications, including food, beverages, stationery, cosmetics, chemicals, pharmaceuticals, and medicines. The market trend leans towards packaging machinery that delivers high speed and versatility. For instance, snack producers seek machinery that offers flexibility in accommodating quick changeovers between various packaging formats to cater to the escalating demand for single-serve packages. FFS machines can be categorized into vertical and horizontal configurations.
By Product, FFS machines segment is expected to hold the largest market size for the year 2024
In the global packaging machinery market, the food segment is projected to dominate the end-user landscape due to the increasing sales of packaged food products. Factors such as evolving consumer lifestyles and food habits are fueling the growth of the packaged food industry. Manufacturers are responding to this trend by adopting rigid packaging solutions, which offer consumer appeal and resistance to damage during transportation. Additionally, the demand for canned food products, characterized by their extended shelf-life, is significantly contributing to the expansion of the food packaging sector.
APAC is forecasted to hold the largest market size by region in 2024
The APAC region dominates the global packaging machinery market in 2023, accounting for a substantial market share. The packaging machinery industry in APAC is experiencing robust growth, driven by developing economies such as China and India. The expansion of end-user industries, including e-commerce, fast-moving consumer goods (FMCG), and personal care, significantly contributes to the market growth. Additionally, the high concentration of manufacturing industries in the region increases the demand for packaging solutions and, consequently, packaging machinery. Furthermore, the burgeoning e-commerce sectors in countries like China, India, and Japan are fueling the demand for advanced packaging machinery solutions.
The Packaging Machinery Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The packaging machinery market encompasses a wide range of equipment used in various industries for lidding, sealing, unpacking, bagging, forming, container cleaning, canning, palletizing, wrapping, labeling, bottling, packing, case handling, filling, and other packaging processes. These machines play a crucial role in ensuring the safe and efficient transfer of products from manufacturing to end consumers. In the healthcare sector, packaging machinery is essential for the pharmaceutical, respiratory, oncology, and therapy areas. Reliable packing lines with automated equipment and packaging systems are a must to maintain the sterility and integrity of medical products. Lidding and sealing machines are used to create airtight seals on containers, ensuring product freshness and safety. Bagging and forming machines create flexible packaging solutions for various products. Container cleaning and canning machinery ensure that containers are sanitized and ready for use. Bottling, labeling, and palletizing machines automate the process of filling, labeling, and stacking bottles or cans for distribution. Fillings machines accurately dispense product into containers, while case handling equipment facilitates the efficient loading and unloading of cases. Overall, the packaging machinery market offers a diverse range of solutions to meet the unique needs of various industries, ensuring the safe and efficient transfer of products to consumers.
Market Research Overview
The packaging machinery market encompasses a wide range of equipment used in various industries for packaging retail and industrial products. This market includes machines for wrapping and bundling, labeling, cartoning, filling, and closing, among others. In the retail sector, packaging machinery is essential for processing and packaging household items like food and beverages, such as freezer gels, soups, stews, lotions, soaps, industrial grease, juices, and potable water. OEMs (Original Equipment Manufacturers) and aftermarket providers offer different types of packaging machinery, including palletizing machines, lean packaging operations, and automation solutions. These machines perform various functions, such as depalletizing, encoding, case forming, heat sealing, shrink film application, check weighing, inspection, lidding, unpacking, bagging, container cleaning, canning, and bottling line integration. Packaging machinery is also crucial in the pharmaceutical industry, where reliable packing lines and high-speed packaging output are essential. These systems include machines for secondary packaging, labeling operations, lyophilizing, cleanroom facilities, and aseptic fill-finish operations. Pharmaceutical drugs, including immunosuppressants, autoimmune diseases, anti-virals, respiratory, and oncology therapy areas, require specialized packaging machinery to ensure sterility, tampering prevention, and extended shelf-life. Refurbished machines and automated equipment are popular options for businesses looking to upgrade their packaging systems while minimizing costs. Packaging machinery market players focus on developing advanced technologies, such as palletizing robots, to improve efficiency and reduce labor costs. Overall, the packaging machinery market continues to evolve, driven by advancements in automation, sustainability, and the increasing demand for high-quality packaging solutions.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
