Our comprehensive research on the Global Packaging Machinery Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global packaging machinery market size was US$ 43,799.0 million in 2021. The global packaging machinery market is expected to grow to US$ 65,211.0 million by 2030, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
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Regional Analysis
Asia-Pacific is expected to exhibit the highest CAGR in the packaging machinery market due to growing industrialization and the rapidly rising manufacturing industry. Further, the medical and the food & beverage sectors are recording strong growth in the region, which is expected to boost the growth of the packaging machinery market during the analysis period. The growing regional population will drive the demand for food, medications, consumer electronics, etc., which will bring ample growth opportunities for the regional market.
Factors Influencing the Market
The rise in demand for consumer goods, the adoption of automated packing equipment, and the development of energy-efficient machinery are the main factors driving the need for packaging machinery. Compared to older models, modern automated packaging machines ensure that the various packaging phases are finished in minutes rather than hours. The rising demand for packaging robots from a variety of end-user sectors, such as pharmaceuticals, cosmetics, chemicals, food & beverage, etc., is one of the other major factors influencing the packaging machinery market. Throughout the supply chain, packaging machines are essential for assuring the safety of the products.
In addition to protecting the product from contamination, breakage, and spilling, packaging also helps to keep the product safe during storage and transit. Customers can learn useful information about the product through the packaging’s labelling and other printed materials. Additionally, it serves a promotional purpose to draw clients while distinguishing a product from rivals’ similar goods. Therefore, during the course of the investigation, each of these aspects will contribute to the market for packing machines growing.
The need for packaging machinery is directly impacted by the growth of the food and beverage industry. The market is expected to be driven by consumers’ rising consumption of various kinds of frozen foods, confections, and dairy products. Additionally, the pharmaceutical sector is recording substantial growth, which may positively influence the global market on a long-term basis.
Competitors in the Market
Aetna Group S.p.A.
B&H Manufacturing Company, Inc.
Barry-Wehmiller Companies, Inc.
CKD Corporation
Coesia S.p.A.
Duravant LLC
Fuji Machinery Co., Ltd.
Langley Holdings plc
Robert Bosch GmbH
The Adelphi Group of Companies
Other Prominent Players
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The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Packaging Machinery industry experienced notable growth in its workforce. Starting in January, employment within the Packaging Machinery sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Packaging Machinery output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Packaging Machinery output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Packaging Machinery market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Packaging Machinery market.
Market Segmentation
The global packaging machinery market segmentation focuses on Type, Business, End-Users, and Region.
By Type
Filling Machines
Form, Fill, and Seal (FFS) Machines
Cartoning Machines
Palletizing Machines
Labelling Machines
Wrapping Machines
Cleaning & Sterilizing Machines
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By Business
OEM
Aftermarket
By End-user
Food and Beverages
Pharmaceuticals
Chemical
Cosmetics
Others
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Packaging Machinery Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Packaging Machinery Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Packaging Machinery Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Packaging Machinery Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Packaging Machinery market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Packaging Machinery market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Packaging Machinery business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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