The global packaging machinery market is expected to grow at a CAGR of around 6.1% during forecast period 2019 to 2026 and expected to reach market value of around US$ 19.47 Bn by 2026.
Packaging machinery is used everywhere in packaging operations, involving primary packaging to distribution packs. This comprises numerous packaging processes: cleaning, sealing, combining, labeling, fabrication, palletizing, and wrapping. Packaging machinery provides support while packaging products before they are shipped for warehouse and distribution point. It is used in the primary and secondary of personal care, pharmaceuticals, and food & beverages. These machines provide various benefits over manual packaging such as reduced labor cost and high efficiency.
The packaging machinery plays an essential role in ensuring commodity safety throughout the supply chain. The growth of packaging machinery is essentially driven by the rising demand for consumer products, development of energy efficient machines, growing adoption of automated packaging machinery. Modern automated packaging machinery are used in various phases of packaging and make sure that the phases are finished in minutes rather than hours as compared to older versions. Moreover, rising demand for packaging robots from various end user industries to enhance the productivity, prevent waste by enhancing overall efficiency of packaging systems, and reduces the operating costs. In addition, presence of huge population, increase in income of middle class in developing countries, increased in sustainability concerned, growth in popularity of flexibility packaging, eco-friendly packaging, increase in demand for smart packaging, growth in adoption of technology, change in lifestyle of consumers & hectic schedules which has increased the demand for convenient packaging are main factors accelerating the growth of packaging machinery over the forecast period. Besides this, new packaging formats in food & beverages and e-commerce industry are gaining popularity which has created the requirement for product specific packaging machinery. Packaging machinery producers are innovating regarding rising the efficiency of existing products and customized products according to customer requirements. This anticipated to fueling the growth of packaging machinery in the global market during forecast period.
By machine type, bags segment dominated the packaging machinery market
Based on machine type, the market has been segmented intofilling, labelling, form fill seal, cartoning, wrapping, palletizing, bottling line, and others. The wrapping segment is anticipatedto expand at the fastest CAGR during the forecast period. Rapid industrializations, rising investment by both developing & developed countries, increasing infrastructures development, mainly in the food & beverages industry, are few factors anticipated to augment the growth of this segment in the global market throughout the forecast period.
Based on end use, the food & beverages segment is expected to dominate during the forecast period
Based on end use, the market has been segmented into food & beverages, pharmaceuticals, personal care, chemicals and others. The food & beverages segment projected for the largest market share in 2018. Increasing demand for ready to eat food items, increase in number of nuclear family, growing consumption of beverages, rise in types of beverages items and also global trends towards consumption of organic & healthy beverages, and single serve packaging is expected to favor the segment growth in the forthcoming years.
The market research study on “Packaging Machinery Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global packaging machinery market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global packaging machinery market, its machine type, end use, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global packaging machinery market size and volume, and segment markets by machine type, end use, and geography along with the information on companies operating in the market. The packaging machinery market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Europe dominated the regional market with a maximum market share
Europe region register for the largest market share of the packaging machinery market over the forecast period. Growth in the production of sophisticated and highly advanced packaging machinery. Italy and Germany are the major manufacturing hub for the packaging machinery in the Europe. These two countries export huge number of its production to the US, ASEAN, Korea, India, Japan, and China.Moreover, increase in the product consumption, rise in the disposable income, change in the eating habit of the consumer, growth in online orders, presence of large number of end use industries are some factors fueling the growth of packaging machinery market over the forecast period.
Asia Pacific is anticipated to grow at the fastest CAGR in the global market during the forecast period with China holding the largest regional market share. Rapidly growing population, rise in household disposable income, concern about the environment friendly packaging, growth in manufacturing sector in the developing countries like India, China, and Korea has boosted the demand for packaging machinery
The players profiled in the report include Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Harland Machine Systems Ltd., Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, and Barry-Wehmiller Companies, Inc. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market By Machine Type
Market By End Use
Market By Geography
Middle East & Africa
Packaging machinery is used everywhere in packaging operations, involving primary packaging to distribution packs.
Factors such as rising demand for consumer products, development of energy efficient machines restrain the packaging machinery market growth.
According to Acumen Research and Consulting, the packaging machinery market value is anticipated to be worth around US$ 19.47 billion in 2026.
The packaging machinery market is anticipated to grow over 6.1% CAGR during the forecast period 2019 to 2026.
Europe held maximum share in 2018 for packaging machinery market.
Asia Pacific is projected to grow at a fast pace during forecast period in the packaging machinery market.
Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Harland Machine Systems Ltd., Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, and Barry-Wehmiller Companies, Inc. are the top players operating in the packaging machinery market.