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The Global Packaging Machinery Market size 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 several 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 packaging machinery market research 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.
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Packaging machines aid in the various stages of the packaging process and are used for the packaging of food and beverages, pharmaceuticals, chemicals, cosmetics, personal care products, and electronic and industrial products, amongst others.
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.
The focus on reducing energy consumption and costs in packaging is notably driving the packaging machinery market growth. Packaging machinery companies are increasingly offering equipment with reduced energy consumption and operational costs. Many market companies 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.
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 companies 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.
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.
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.
Global Packaging Machinery Market Customer Landscape
Companies 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 report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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.
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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 2021. The 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 companies 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.
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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.
The packaging machinery market research 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.
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Packaging Machinery Market Scope |
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Report Coverage |
Details |
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Page number |
184 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.79% |
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Market growth 2023-2027 |
USD 16.86 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.61 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, Germany, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 |
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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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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