Report Description:
Packaging Machinery Market size in 2016 was valued at $39,647 million growing at CAGR of 6.7% to reach $62,063 million by 2023. Packaging machinery market has witness increased adoption owing to factors such as increase in applications of packaging machinery in a wide range of industries across food and drink, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with its usage increasing broadly in line with the global economy.
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Packaging machinery is used for a wide variety of functions that includes canning; container cleaning, filling, and forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection and check weighing; wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications. The demand for packaging machinery is largely driven by the increasing consumer goods demand, increasing adoption of automated packaging machines, and development of energy efficient machines. Modern automated packaging machines are used in different stages of packaging and ensure that the stages are completed in minutes rather than hours compared to the older versions. The other key factor driving the market for packaging machinery is the increasing demand for packaging robots from several end-user industries. Packaging machines play a vital role in ensuring product safety throughout the supply chain.
The global packaging machinery industry is segmented based on machine type, end-user industries, and geography. Based on machine type, the packaging machinery market is classified into filling machines, FFS (form, fill and seal) machines, cartoning machines, palletizing machines, labeling machines, wrapping machines, and cleaning & sterilizing machines. Filling machines are the most dominant machine type accounting for about 37% of the overall market in 2016. Based on end-user industries, the global packaging machinery market has been classified into food & beverage, pharmaceuticals, chemicals, cosmetics, and others. The food & beverage segment dominated the market in 2016 accounting for $24,980 million in 2016 and is expected to grow at a CAGR of 6.6% throughout the forecast period.
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Asia-Pacific was the most dominant region for the packaging machinery market in 2016 accounting for about 38% in the global packaging machinery market. The dominance of the Asia-Pacific region is due to the presence of a large number of food & beverage and personal care product manufacturers in the region.
Leading companies in the global packaging machinery market have been profiled in the company section with details about their business, financial data, and operating segments. These key players include Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies, Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, and Harland Machine Systems Ltd.
Segment Overview
Applications of packaging industry include packaging of pharmaceuticals, medical, food & beverages, bakery items, toys & stationary, cosmetics, pet supplies, chemicals, and others. Packaging has become an important function of a product’s marketing mix. The packaging material surrounds, enhances, and protects the goods. Food industry accounts for more than 50% of the global consumer packaging industry and along with the beverage sector, will increase to 69%. That the food and beverage market accounts for more than half of the packaging market. In developing countries the growing demand from the food and beverage market has been instrumental in stimulating the overall growth in the packaging machinery industry.
Top Impacting Factors
Some of the significant factors impacting the global packaging machinery market include development of innovative and energy efficient packaging machinery, increasing usage of automation in the packaging industry, rise in global consumption of consumer goods, increasing usage of vacuum packaging machines, Eurozone economic uncertainty, and stringent government regulations. With the increase in need for automation in various industry verticals, the use of packaging machinery has multiplied significantly. Organizations adopt automated palletizing machines, wrapping machines, and cartoning machines, among others to automate their packaging process to deliver high-quality products, increase their manufacturing capabilities, serve customers better, and efficiently manage their processes. This factor encourages organizations to adopt such types of packaging machinery.
However, developing economies have observed a rise in demand for different products, which results in increased demand for packaging machines across different application segments such as food & beverages, consumer products, and pharmaceutical segments.
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Key Benefits
- This study provides an in-depth analysis of the global packaging machinery market along with current trends and future estimations to identify potential investment pockets for stakeholders.
- It presents information regarding key drivers, restraints, and opportunities along with their impact analysis.
- Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, strength of the suppliers, and the degree of competition.
- A quantitative analysis of the current market and estimations from 2016 to 2023 has been provided to highlight the financial competency of the market.
By Type
- Filling Machines
- FFS (Form, Fill and Seal) Machines
- Cartoning Machines
- Palletizing Machines
- Labelling Machines
- Wrapping Machines
- Cleaning & Sterilizing Machines
By End-user
- Food & Beverage
- Pharmaceutical
- Chemicals
- Cosmetics
- Others (Electronics, industrial)
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