Packaging Machinery Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Italy, Germany - Size and Forecast 2024-2028

Packaging Machinery Market Size 2024-2028

The packaging machinery market size is forecast to increase by USD 15.5 billion at a CAGR of 5.36% between 2023 and 2028. The market's growth rate hinges on several key factors, including the rising demand for packaging machinery across various industries, the increasing need for attractive and innovative packaging solutions, and the growing requirement for solutions in the e-commerce sector. These factors collectively contribute to the market's positive trajectory, indicating a growing demand for packaging machinery and solutions across diverse sectors. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.

Moreover, the market in APAC is experiencing steady growth, with developing economies like China and India poised to become significant revenue drivers. This growth is attributed to the rapid expansion of end-user industries like e-commerce, fast-moving consumer goods (FMCG), and personal care. Aetnagroup S.p.A, a key player in the market, offers a range of packaging machinery solutions, from semi-automatic wrapping machines equipped with smart technology to cutting-edge automatic packaging solutions.

Market Forecasting and Size

Market  Forecast 2024-2028

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Market Dynamic

The market is driven by the demand for efficient solutions in pharmaceutical drug packaging. Automated equipment with high-speed output is increasingly sought after to streamline packaging processes. Flexibility in packaging systems is crucial to accommodate diverse therapy areas such as oncology and respiratory. Key trends include lean packaging operations and advanced functionalities like filling, case handling, labeling, and palletizing. However, challenges persist in ensuring reliable packing lines and addressing evolving regulatory requirements. Adaptability to various packaging needs, including canning, bagging, sealing, and forming, remains essential in meeting industry demands. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver - Rising requirement for packaging solutions in the e-commerce sector

E-commerce companies require efficient containerizing solutions to protect products during transit, minimize damage, and ensure a positive customer experience. As e-commerce sales continue to rise, there is a growing demand that can handle the increased volume of shipments and meet the specific requirements of online retailers. As internet access becomes more widespread globally, a larger population gains the ability to shop online. The growing availability of affordable smartphones and improved internet infrastructure contribute to the expansion of the e-commerce market.

Moreover, e-commerce platforms prioritize user experience, offering intuitive interfaces, easy navigation, and seamless checkout processes. The growth in the e-commerce sector demands fast and efficient containerizing processes to meet customer expectations for quick delivery times. Moreover, the machinery that can efficiently handle return shipments, repackaging, and restocking is essential for managing the challenges associated with product returns and reverse logistics. Therefore, the growth of the market will be driven during the forecast period.

Significant Market Trends - Growing use of pneumatic technology in packaging machinery

Packaging machinery is increasingly using pneumatic technology to drive motion and actuate the machine sequences, thereby improving safety and the safe operating functionality of the equipment. Pneumatic technology is a reliable, compact, and lightweight technology which provides cost-effective control and actuation. Pneumatic technology is mainly used for the effective operation of high-speed and point-to-point movements, such as indexing, sorting, and pick-and-place functions.

Therefore, pneumatic technology is widely used in cartoning machines and form fill seal (FFS) machines. For instance, in cartoning machines, pneumatics helps index the infeed of blank cartons onto the process line, moves glue guns or other sealing devices, drives the machine components that help form the folds, and then closes the carton folds. Similarly, in FFS machines, pneumatics are used to drive clamping devices and heat sealers. Thus, the adoption of such technologies will drive the growth of the market during the forecast period.

Major Market Challenge - High initial investments

The substantial initial investment required in the manufacturing of packaging machinery poses a considerable obstacle for companies seeking to enter or expand in this sector. The manufacturing involves substantial upfront investments in research and development, specialized equipment, manufacturing facilities, and skilled labor. The design and engineering of complex machinery require significant financial resources, which may deter smaller companies or startups from entering the market. Continuous innovation is essential to meet evolving customer demands, regulatory requirements, and industry standards. Packaging machinery requires substantial investment in research, prototyping, testing, and validation processes to enhance performance.

Moreover, It often needs to be customized to suit the specific needs of different industries, products, and containerizing formats. This customization may involve engineering design changes, modifications to accommodate different materials or product sizes, and integration with existing production lines. Manufacturers invest in flexible manufacturing processes, modular designs, and engineering expertise to offer tailored solutions that meet individual customer requirements. All such factors increase the requirement for high investments, which, in turn, declines the growth of the market during the forecast period.

Market Segmentation by End-user, Product, and Geography

The market can be segmented based on various factors, including the type of products being packaged and the specific needs of different industries. Pharmaceutical drugs represent a significant segment, driving the demand for specialized equipment capable of handling delicate medications. High-speed packaging output is essential for industries requiring large-scale production, such as pharmaceuticals and food processing. Pharmaceutical packaging systems focus on meeting stringent regulatory requirements and ensuring product safety. Automated equipment streamlines processes such as bottling, inspection and check weighing, check weighing, labelling, and palletizing, enhancing efficiency and accuracy. Container cleaning, unpacking, and lidding are crucial stages in wrapping, requiring specialized machinery for optimal performance. Therapy areas such as oncology and respiratory demand-specific packaging solutions tailored to the unique characteristics of medical products. Canning, forming, bagging, and sealing equipment cater to different wrapping needs across various industries, ensuring product integrity and shelf life. Lean packaging operation emphasizes efficiency and waste reduction, driving the adoption of streamlined wrapping processes.

End-user Segment Analysis:

The food segment is estimated to witness significant growth during the forecast period. The significant growth in packaged food sales is generating demand. Factors such as changing lifestyles and food habits are underlying the growth of the packaged food industry across the world. Packaged food manufacturers are adopting rigid containerizing solutions that are appealing to consumers and are less prone to damage during transportation.

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The food segment was the largest and was valued at USD 17.14 billion in 2018. Further, the manufacturers of food products choose rigid and flexible packaging, which protects the products as they move through the supply chain to the retailer's shelf. The wrapping protects food products against damage while improving their shelf life. Furthermore, since products such as candy and confectionary are heavily impacted by seasonal and impulse purchases, manufacturers use high-impact graphics on packaging, such as folding cartons. This creates a rise in the need for digital printing technology in wrapping. Such factors are likely to boost the demand for food packaging, which, in turn, will boost the growth of the market during the forecast period.

Product Segment Analysis:

Based on the product, the market has been segmented into FFS machines, labelling and coding machines, closing and sealing machines, wrapping and bundling machines and others. The roadways?segment will account for the largest share of this segment.? The FFS machines are the most commonly used wrapping machinery. These machines can perform three functions, including forming, filling, and sealing. 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 containerizing formats to meet the growing demand for single-serve packs. For such end-users, vertical FFS machines offer an ideal solution as these can create packages virtually of any size or shape, ranging from the standard pillow pack to bags sealed on all four sides. Such benefits are likely to increase the market demand for FFS machines during the forecast period.  

Regional Analysis

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APAC is estimated to contribute 42% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Developing economies such as China and India are expected to emerge as major revenue contributors to the 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 and, in turn, packaging machinery. Also, 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. 

Furthermore, there is significant growth in the pharmaceutical industry across countries such as China and India. 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 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 market in APAC during the forecast period.

Who are the Major Market Companies?

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.

B and H Packaging Ltd - The company offers packaging machinery solutions which include stretch wrap, pallet wrap and stretch film that can be used by both hand and machine.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including Aetnagroup S.p.A, B and H Packaging Ltd., Barry Wehmiller Group Inc., Coesia SpA, Douglas Machine Inc., Duravant LLC, FUJI MACHINERY Co. Ltd., GEA Group AG, IMA Industria Macchine Automatiche Spa, Langley Holdings Plc, Maillis International SA, Pro Mach Inc., Rovema GmbH, SACMI Group, SIG Group AG, Syntegon Technology GmbH, Tetra Laval SA, CKD Corp., KHS Group, and Krones AG 

Technavio market report the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• End-user Outlook 
  • Food
  • Beverage
  • Pharmaceutical
  • Chemicals
  • Others

• Product Outlook 
  • FFS machines
  • Labeling and coding machines
  • Closing and sealing machines
  • Wrapping and bundling machines
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market encompasses a wide range of industries and applications, from food & beverages to pharmaceuticals, cosmetics, and consumer goods. With the rising demand for flexible packaging equipment, manufacturers are adapting to meet the needs of various sectors. In the pharmaceutical industry, machinery is tailored for handling anti-virals, autoimmune diseases, and immuno-suppressants, ensuring the stability and sterility of biopharmaceuticals. Refurbished machines offer cost-effective solutions while maintaining compatibility and tamper-proofing.

Moreover, the automated labeling machines streamline operations, especially in aseptic fill-finish processes, while maintaining sterility. Additionally, the industry is also witnessing advancements in cleanroom facilities and lyophilizing technologies. From primary to secondary packaging, including manual and fully automated labeling lines, the market addresses diverse needs. Packaging robots and Industrial IoT technologies enhance efficiency and standardization. Industries like healthcare, consumer goods, and retail rely on innovative packaging solutions driven by evolving consumer demands and regulatory requirements.

Further, the market encompasses a wide array of industries and applications, from food and beverages to pharmaceuticals and consumer goods. Key considerations such as stability of novel drugs, shelf-life, and tamper-proofing drive innovation in biopharmaceutical spaces. Compatibility of refurbished equipment is crucial, alongside aseptic fill-finish operations and labeling precision. Versatile machinery caters to diverse needs, from manual labeling applications to automatic labeling machines. Sealing pressures, primary packaging, and loading processes ensure product integrity. Industries rely on robust machinery for bottling, filling, and dosing, while shrink film and heat sealing secure products. With advancements in IoT and automation, OEMs offer aftermarket solutions for various sectors, including cosmetics, household goods, and industrial chemicals. 

Market  Scope
Report Coverage	Details
Page number	180
Base year	2023
Historic period	2018 - 2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.36%
Market growth 2024-2028	USD 15.5 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	4.5
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 42%
Key countries	US, China, Japan, Italy, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Aetnagroup S.p.A, B and H Packaging Ltd., Barry Wehmiller Group Inc., Coesia SpA, Douglas Machine Inc., Duravant LLC, FUJI MACHINERY Co. Ltd., GEA Group AG, IMA Industria Macchine Automatiche Spa, Langley Holdings Plc, Maillis International SA, Pro Mach Inc., Rovema GmbH, SACMI Group, SIG Group AG, Syntegon Technology GmbH, Tetra Laval SA, CKD Corp., KHS Group, and Krones AG
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	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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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size of the market growth and trends and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Market growth and forecasting across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market  companies

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