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Packaging Machinery Market by Product, End-user and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 184
  • SKU: IRTNTR70561
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The packaging machinery market is estimated to grow at a CAGR of 5.79% between 2022 and 2027. The size of the market is forecast to increase by USD 16.86 billion. The growth of the market depends on serval factors, including Increasing demand for packaging machinery from various end-users, Growing demand for attractive and innovative packaging, and focus on reducing energy consumption and costs in packaging. 

This report extensively covers market segmentation by product (FFS machines, labeling and coding machines, closing and sealing machines, wrapping and bundling machines, and others), end-user (food, beverage, pharmaceutical, chemicals, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Packaging Machinery Market During the Forecast Period?

Packaging Machinery Market Size

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Parent Market Analysis

Technavio categorizes the global packaging machinery market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Packaging Machinery Market: Key Drivers, Trends, Challenges, and Customer Landscape

The focus on reducing energy consumption and costs in packaging is notably driving the market growth, although factors such as environmental concerns over the disposal of discarded food packaging are the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Packaging Machinery Market Driver

The focus on reducing energy consumption and costs in packaging is notably driving the packaging machinery market growth. Packaging machinery vendors are increasingly offering equipment with reduced energy consumption and operational costs. Many market vendors are investing in R&D to develop packaging machinery that can lower the energy consumption and costs of end-users. This machine comprises a patented film management system, which enables the machine to make strong but thin C-fold film structures, thus resulting in a significant reduction in the use of film as well as packaging carbon footprint.

This machine helps in lowering the amount of material and gas used significantly during packaging. KHS GmbH offers a packaging machine, which produces packages that are stronger than the current conventional shrink packs, thus significantly reducing costs. The machine undertakes the packing operations in a shrink tunnel using either electric or gas heating, thus further reducing the energy costs over conventional electric heating. The availability of such equipment is expected to drive the market demand for packaging machinery, which, in turn, will boost the growth of the market in focus during the forecast period. 

Key Packaging Machinery Market Trend

The emergence of tamper-proof packaging is a major trend in the packaging machinery market. Maintaining product integrity is important in many industries, such as food, and beverage, and healthcare. The reputational risks are increasing as the regulatory environment becomes increasingly more complex and demanding. The end-user industries such as food and beverage, and healthcare are facing increasing threats such as criminal damage, theft, and counterfeiting. This has led to an increase in the need for tamper-proof packaging.

Tamper-proof packaging is designed to provide maximum protection during the storage and transit of high-value or vulnerable goods. Tamper-proof packaging reveals if there has been any attempt to open the packaging or tampering, with the product/s inside, as it can provide visible evidence of such activities to consumers. Some of the major vendors of packaging offer tamper-proof packaging. Owing to a rise in demand for this type of packaging, many end-users are focusing on introducing tamper-proof packaging to ensure the safety of their products. The rise in the popularity of tamper-proof packaging will simultaneously lead to the demand for advanced packaging machinery. This would support the growth of the market in focus over the forecast period.

Key Packaging Machinery Market Challenge

Environmental concerns over the disposal of discarded food packaging are a major challenge impeding the packaging machinery market growth. There are various concerns related to packaged food products. Some of the issues include high material costs and environmental pollution. Globally, the disposal of municipal solid waste, most of which is discarded food packaging, is a growing problem. A majority of such waste is generated from packaging-related materials, including glass, metal, plastic, paper, and paperboard.

Further, the recycling and reuse of such waste materials are determined by the cost involved in transporting, sorting, and cleaning the collected material. Some recycled materials, especially plastics and paperboard, have been banned in food contact applications. The combustion and disposal in landfills of these wastes can also have a negative impact on the environment through the release of greenhouse gases or contamination of air and groundwater. Such factors can lead to a reduction in demand for packaged food products, and in turn, can restrict the growth of the global packaging machinery market during the forecast period.

Key Packaging Machinery Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Packaging Machinery Market Share by Geography

Global Packaging Machinery Market Customer Landscape

Who are the Major Packaging Machinery Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

GEA Group AG - The company operates under multiple segments including separation and flow technologies, and liquid and powder technologies, with a high focus on separation and flow technologies. The company under this segment?offers to manufacture of process-related components and machinery, notably separators, decanters, homogenizers, valves, and pumps. The company's key offerings include packaging machinery. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Aetnagroup S.p.A
  • B and H Packaging Ltd.
  • Barry Wehmiller Group Inc
  • CKD Corp.
  • Coesia SpA
  • Douglas Machine Inc. 
  • Duravant LLC
  • FUJI MACHINERY Co. Ltd.
  • IMA Industria Macchine Automatiche Spa
  • KHS GmbH
  • KRONES AG
  • Langley Holdings Plc
  • Maillis International SA
  • Pro Mach Inc.
  • Rovema GmbH
  • SACMI Group

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Packaging Machinery Market?

The market share growth by the FFS machine segment will be significant during the forecast period. The FFS machines are the most commonly used packaging machinery. These machines can perform three functions, including forming, filling, and sealing.

Packaging Machinery Market Size

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The FFS machine segment shows a gradual increase in the market share of USD 10.65 billion in 2017 and continued to grow until 2021The FFS machine not only forms the package but fills it with the wet or dry product and seals it also. FFS machines can be used for various applications, including food, beverages, stationery, cosmetics, chemicals, medicines, and pharmaceuticals.  Demand for packaging machinery with high speed and versatility is increasing from various end-users. For instance, snack producers demand machinery that offers versatility in providing fast changeovers between different packaging formats to meet the growing demand for single-serve packs. Some vendors also focus on incorporating advanced features in the equipment to enable product differentiation and improve their competitive advantages.  The availability of such equipment with advanced features is expected to spur market demand for FFS machinery, which, in turn, will boost the growth of the global packaging machinery market through the FFS machines segment during the forecast period.

Which are the Key Regions for the Packaging Machinery Market?

Packaging Machinery Market Share by Geography

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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC is the largest geographical segment of the global packaging machinery market and will continue to remain the largest segment during the forecast period. Developing economies such as China and India are expected to emerge as major revenue contributors to the packaging machinery market in the region, primarily due to the rapid expansion of end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care. APAC also has a very high concentration of manufacturing industries, which, in turn, increases the need for packaging and in turn, packaging machinery. Furthermore, the e-commerce industry is growing in countries such as China, India, and Japan. The growth of this business sector is attributed to the rise in population in the region, which has created an increase in the overall demand for goods through online channels. 

APAC also has a large customer base for household appliances and consumer electronics due to the growth in population in various countries of the region. In addition, the changing lifestyle of consumers and a rise in disposable income in emerging economies such as China and India have led to increased spending on such goods. This is expected to increase the demand for convenience foods, such as packaged food products, which, in turn, is likely to increase the application scope for packaging machinery during the forecast period. Furthermore, there is significant growth in the pharmaceutical industry across countries in the region. The industry is growing due to the increase in domestic demand for pharmaceutical drugs coupled with increasing foreign investments. There is a significant rise in the need for packaging in pharmaceutical applications to protect pharmaceutical products from damage caused by variations in temperature and light and chemical interactions. Hence, as the pharmaceutical industry grows, there will be a simultaneous rise in the need for packaging machinery across APAC, which will drive the growth of the packaging machinery market in APAC during the forecast period.

Industrial activity in the region was severely affected in 2020 owing to the outbreak of the COVID-19 pandemic. However, in 2021, the initiation of mass vaccination drives and the resumption of supply chain operations of packaging machinery revived the growth of the regional market. Moreover, recovering the regional economy, increasing adoption of industry 4.0, and government fiscal stimulus packages to manufacturing sub-sectors are helping the regional market back on its recovery path. Such factors are expected to continue, which will spur the growth of the packaging machinery market in APAC during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (FFS machines, Labeling and coding machines, Closing and sealing machines, Wrapping and bundling machines, and Others), End-user (Food, Beverage, Pharmaceutical, Chemicals, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • Product Outlook (USD Billion, 2017 - 2027)
    • FFS machines
    • Labeling and coding machines
    • Closing and sealing machines
    • Wrapping and bundling machines
    • Others
  • End-user Outlook (USD Billion, 2017 - 2027)
    • Food
    • Beverage
    • Pharmaceutical
    • Chemicals
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Packaging Machinery Market Scope

Report Coverage

Details

Page number

184

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.79%

Market growth 2023-2027

USD 16.86 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.61

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key countries

US, China, Japan, Germany, and Italy

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aetnagroup S.p.A, B and H Packaging Ltd., Barry Wehmiller Group Inc, CKD Corp., Coesia SpA, Douglas Machine Inc., Duravant LLC, FUJI MACHINERY Co. Ltd., GEA Group AG, IMA Industria Macchine Automatiche Spa, KHS GmbH, KRONES AG, Langley Holdings Plc, Maillis International SA, Pro Mach Inc., Rovema GmbH, SACMI Group, SIG Group AG, Syntegon Technology GmbH, and Tetra Pak Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Packaging Machinery Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the packaging machinery market between 2023 and 2027
  • Precise estimation of the size of the packaging machinery market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of packaging machinery market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global packaging machinery market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global packaging machinery market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 FFS machines - Market size and forecast 2022-2027
      • Exhibit 34: Chart on FFS machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on FFS machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on FFS machines - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on FFS machines - Year-over-year growth 2022-2027 (%)
    • 6.4 Labeling and coding machines - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Labeling and coding machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Labeling and coding machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Labeling and coding machines - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Labeling and coding machines - Year-over-year growth 2022-2027 (%)
    • 6.5 Closing and sealing machines - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Closing and sealing machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Closing and sealing machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Closing and sealing machines - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Closing and sealing machines - Year-over-year growth 2022-2027 (%)
    • 6.6 Wrapping and bundling machines - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Wrapping and bundling machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Wrapping and bundling machines - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Wrapping and bundling machines - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Wrapping and bundling machines - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Food - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Food - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Food - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Food - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Food - Year-over-year growth 2022-2027 (%)
    • 7.4 Beverage - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Beverage - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Beverage - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Beverage - Year-over-year growth 2022-2027 (%)
    • 7.5 Pharmaceutical - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Pharmaceutical - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Pharmaceutical - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Pharmaceutical - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Pharmaceutical - Year-over-year growth 2022-2027 (%)
    • 7.6 Chemicals - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Chemicals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Chemicals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Chemicals - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Chemicals - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 79: Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 81: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 82: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 83: Chart on Geographic comparison
      • Exhibit 84: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 97: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 105: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 109: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 117: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 118: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 119: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 120: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Italy - Market size and forecast 2022-2027
      • Exhibit 121: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 122: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 123: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 124: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 125: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 126: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 127: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 128: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 129: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 130: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 131: Matrix on vendor position and classification
            • 12.3 Coesia SpA
              • Exhibit 132: Coesia SpA - Overview
              • Exhibit 133: Coesia SpA - Business segments
              • Exhibit 134: Coesia SpA - Key news
              • Exhibit 135: Coesia SpA - Key offerings
              • Exhibit 136: Coesia SpA - Segment focus
            • 12.4 Douglas Machine Inc.
              • Exhibit 137: Douglas Machine Inc. - Overview
              • Exhibit 138: Douglas Machine Inc. - Product / Service
              • Exhibit 139: Douglas Machine Inc. - Key offerings
            • 12.5 Duravant LLC
              • Exhibit 140: Duravant LLC - Overview
              • Exhibit 141: Duravant LLC - Product / Service
              • Exhibit 142: Duravant LLC - Key offerings
            • 12.6 GEA Group AG
              • Exhibit 143: GEA Group AG - Overview
              • Exhibit 144: GEA Group AG - Business segments
              • Exhibit 145: GEA Group AG - Key offerings
              • Exhibit 146: GEA Group AG - Segment focus
            • 12.7 IMA Industria Macchine Automatiche Spa
              • Exhibit 147: IMA Industria Macchine Automatiche Spa - Overview
              • Exhibit 148: IMA Industria Macchine Automatiche Spa - Business segments
              • Exhibit 149: IMA Industria Macchine Automatiche Spa - Key news
              • Exhibit 150: IMA Industria Macchine Automatiche Spa - Key offerings
              • Exhibit 151: IMA Industria Macchine Automatiche Spa - Segment focus
            • 12.8 KHS GmbH
              • Exhibit 152: KHS GmbH - Overview
              • Exhibit 153: KHS GmbH - Product / Service
              • Exhibit 154: KHS GmbH - Key offerings
            • 12.9 KRONES AG
              • Exhibit 155: KRONES AG - Overview
              • Exhibit 156: KRONES AG - Business segments
              • Exhibit 157: KRONES AG - Key offerings
              • Exhibit 158: KRONES AG - Segment focus
            • 12.10 Langley Holdings Plc
              • Exhibit 159: Langley Holdings Plc - Overview
              • Exhibit 160: Langley Holdings Plc - Business segments
              • Exhibit 161: Langley Holdings Plc - Key offerings
              • Exhibit 162: Langley Holdings Plc - Segment focus
            • 12.11 Maillis International SA
              • Exhibit 163: Maillis International SA - Overview
              • Exhibit 164: Maillis International SA - Product / Service
              • Exhibit 165: Maillis International SA - Key offerings
            • 12.12 Pro Mach Inc.
              • Exhibit 166: Pro Mach Inc. - Overview
              • Exhibit 167: Pro Mach Inc. - Product / Service
              • Exhibit 168: Pro Mach Inc. - Key offerings
            • 12.13 Rovema GmbH
              • Exhibit 169: Rovema GmbH - Overview
              • Exhibit 170: Rovema GmbH - Product / Service
              • Exhibit 171: Rovema GmbH - Key offerings
            • 12.14 SACMI Group
              • Exhibit 172: SACMI Group - Overview
              • Exhibit 173: SACMI Group - Product / Service
              • Exhibit 174: SACMI Group - Key offerings
            • 12.15 SIG Group AG
              • Exhibit 175: SIG Group AG - Overview
              • Exhibit 176: SIG Group AG - Business segments
              • Exhibit 177: SIG Group AG - Key offerings
              • Exhibit 178: SIG Group AG - Segment focus
            • 12.16 Syntegon Technology GmbH
              • Exhibit 179: Syntegon Technology GmbH - Overview
              • Exhibit 180: Syntegon Technology GmbH - Product / Service
              • Exhibit 181: Syntegon Technology GmbH - Key offerings
            • 12.17 Tetra Pak Group
              • Exhibit 182: Tetra Pak Group - Overview
              • Exhibit 183: Tetra Pak Group - Business segments
              • Exhibit 184: Tetra Pak Group - Key news
              • Exhibit 185: Tetra Pak Group - Key offerings
              • Exhibit 186: Tetra Pak Group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Packaging Machinery market growth will increase by $16.86 billion during 2023-2027.
                  The packaging machinery market is expected to grow at a CAGR of 5.79% during 2023-2027.
                  Technavio has segmented the packaging machinery market by product (FFS machines, Labeling and coding machines, Closing and sealing machines, Wrapping and bundling machines, and Others) ,end-user (Food, Beverage, Pharmaceutical, Chemicals, and Others) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
                  Aetnagroup S.p.A, B and H Packaging Ltd., Barry Wehmiller Group Inc, CKD Corp., Coesia SpA, Douglas Machine Inc., Duravant LLC, FUJI MACHINERY Co. Ltd., GEA Group AG, IMA Industria Macchine Automatiche Spa, KHS GmbH, KRONES AG, Langley Holdings Plc, Maillis International SA, Pro Mach Inc., Rovema GmbH, SACMI Group, SIG Group AG, Syntegon Technology GmbH, Tetra Pak Group are a few of the key vendors in the packaging machinery market.
                  APAC will register the highest growth rate of 41.16% among the other regions. Therefore, the packaging machinery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the packaging machinery market growth are:
                  • Increasing demand packaging machinery from various end-users
                  • Emergence of tamper-proof packaging
                  The packaging machinery market vendors should focus on grabbing business opportunities from the ffs machines segment as it accounted for the largest market share in the base year.
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