Packaging Machinery Market to See a CAGR of 3.6% by 2027 |


Pune, India, August 11, 2022 (GLOBE NEWSWIRE) — The Global packaging machinery market size should generate $52.83 billion by 2027 while presenting a 3.6% CAGR between 2020 and 2027. Growing momentum for sustainable packaging and advancements in robotics are expected to drive the growth of the market over the forecast period. Fortune Business Insights, in its latest report, titled Packaging Machinery Market Size, Share and COVID-19 Impact Analysis, by Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Filling & Dispensing, Labeling, Decorating and Coding, Palletizing, Wrapping and Tying, and Others), by End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals, and Others) and Regional Forecast, 2020-2027”, Observe that the market was worth $40.08 billion in 2019.

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Main companies operating in the packaging machinery market:

  • Krones AG
  • Robert Bosch Packaging Technology GmbH
  • Coesia SPA
  • IMA INDUSTRIA AUTOMATIC SPA MACHINE
  • Salzgitter AG
  • Viking Masek Global Packaging
  • Nichrome packaging solutions
  • Asian Packaging Machinery Pvt. ltd.
  • Aagard Group, LLC
  • MG America

Impact of Covid-19:

The emergence of COVID-19 has paralyzed the world. We understand that this health crisis has had an unprecedented impact on businesses in all sectors. However, this too will pass. Growing support from governments and several businesses can help fight this highly contagious disease. Some industries are struggling and others are thriving. Overall, almost every industry is expected to be impacted by the pandemic.

We are making ongoing efforts to help your business sustain and grow during the COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of the coronavirus epidemic in all sectors to help you prepare for the future.

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Packaging machinery is one of the important aspects of the packaging industry. Machines are vital for all packaging operations that involve primary packaging through to distribution of materials. For example, a typical food processing packaging machine works by filling the carton with the desired food product, such as putting the crisps in the package. Moreover, there are several types of machines such as conveying machines adopted in packaging operations which are reliable and efficient in their operation.

What does the report include?

The market report includes an exhaustive study of several factors such as drivers, restraints, challenges and opportunities which will affect the market growth in the coming years. The report covers regional demographics which includes qualitative and quantitative information about the regions which is further divided into nations which contributes to the growth of the market between 2020 and 2027. Furthermore, the competitive landscape has been discussed in depth which includes information about several players operating in the market. Additionally, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included over the projected horizon.

Report Scope and Segmentation:

Report cover Details
Forecast period 2020-2027
Forecast CAGR 3.6%
2027 value projection $52.83 billion
base year 2019
Market size in 2019 $40.08 billion
Historical data 2016 – 2018
Number of pages 120
Segments Covered Machine type, end user and region
Packaging Machinery Market Growth Factors Demand for packaging in the logistics and transportation and supply chain industry is driving the market

Drivers and Restrictions:

Increase adoption of robotics to drive growth

The emergence of robotic technology has led to a complete overhaul of the packaging industry. Automation in the sector effectively optimizes the flow of materials and the process involved in packaging. Companies are adopting modern robots that work in conjunction with humans to reduce human fatigue and other types of injuries during operational activities. Additionally, robotics ensures that the product maintains its superior quality while facilitating systematic production planning and improving overall efficiency. For example, in June 2020, SIG, one of the leading cardboard packaging companies, presented its new fully automated warehouse for the manufacture of spare parts located in Linnich, Germany. According to the company, the new warehouse will adopt the modular system, in which stackable containers will be loaded, used for storage, and then unloaded using robots that will be guided through routing software. Hence, the increasing adoption of robotic technology is expected to propel the growth of the global packaging machinery market in the coming years.

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Regional analysis:

Increasing investment in manufacturing in Asia-Pacific to drive growth

Among the regions, the Asia-Pacific market is expected to generate the highest global packaging machinery market revenue during the forecast period. Furthermore, the region was worth USD 12.33 billion in 2018 and is expected to gain momentum due to increased investment in the manufacturing sector. North America, on the other hand, is expected to see steady growth due to long machine life, typically 8-10 years.

The Middle East and Africa is expected to experience significant market growth in the coming years. This is attributed to factors such as increased investment in the transportation and logistics industry.

Competitive Landscape:

Business Collaboration Strategies to Drive Demand

According to Fortune Business Insight, the global packaging machinery market comprises several companies that are proliferating to gain significant market share. The major players are striving to consolidate their position by adopting strategies such as merger and acquisition, collaboration and the creation of partnerships. For example, in October 2019, Krones AG announced its partnership with Stadler Anlagenbau GmbH. The collaboration aims to develop recycling technology that will reduce and improve interfaces for the packaging industry.

Contents:

  • Introduction
    • Definition, by segment
    • Methodology/Research Approach
    • Information source
  • Summary
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19 on the packaging machinery market
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of key players
    • Global Market Share Analysis and Matrix, 2019
  • Key Packaging Machinery Market Overview and Analysis, By Segments
  • Global Packaging Machinery Market Analysis, Outlook and Forecast, 2016 – 2027
    • By type of machine (value)
      • Bottling line
      • Cardboard
      • Case processing
      • Closing
      • Filling & Dosing
      • Form, filling and transaction
      • Labeling, decoration and coding
      • Palletization
      • Packing and consolidation
      • Others (inspection machines, specialized machines, etc.)
    • Per end user (value)
      • Food
      • Beverages
      • Medications
      • Personal care and toiletries
      • Household, industrial and agricultural chemicals
      • Others (Clothing, stationery, electronics, tobacco, etc.)
    • By geography (value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America

TOC Continued…!

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