What Has Been the Growth Trajectory of the Packaging Machinery Market?
The packaging machinery market has seen considerable growth due to a variety of factors.
• In recent years, the packaging machinery market has experienced robust expansion. It is projected to increase from $46.23 billion in 2024 to $49.08 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%.
Factors contributing to the growth during the historic period include a rise in global population and consumer demand, the growth of the food and beverage industry, the expansion of e-commerce and retail packaging, a focus on automation and efficient packing, as well as the demand for sustainable and eco-friendly packaging options.
What Does the Future Hold for the Packaging Machinery Market?
The packaging machinery market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for a robust expansion in the packaging machinery market over the forthcoming years. The market is predicted to escalate to a worth of $62.82 billion by 2029, recording a compound annual growth rate (CAGR) of 6.4%.
The projected advancement in this period is credited to the incorporation of intelligent and IoT-connected packaging machinery, the growth of the personal care and cosmetics packaging sector, investment in research for flexible and sustainable technologies in packaging, demand for specialized and tailored packaging solutions, and focus on packaging machinery for pet and animal care products. Leading trends to watch for in the forecast period comprise of automated packaging via robotics, eco-friendly packaging solutions, superior labeling and printing gear, packaging machinery tailored for e-commerce and parcel services, and aseptic packing technology.
What Are the Critical Driver Fuelling the Packaging Machinery Market's Growth?
The surge in demand for processed food and drinks is projected to drive the expansion of the packaging machinery market in the future. Changes in consumer lifestyles have resulted in heightened demand for ready-made and convenient food and beverage products. In developing nations, a growing workforce has led to a greater need for processed meals and amplified consumption of readily available foods. Furthermore, amid the COVID-19 pandemic, modifications in eating preferences, customer attitudes, actions, and shopping habits have emerged, leading to an embrace of packaged food and drinks. For instance, the Mexican packaging machinery market, as documented in a report by the U.S.-based International Trade Administration in November 2023, illustrated significant growth in 2022. It grew from USD 710 million in 2021 to USD 906 million due to a 25% surge in demand for packaging and processing machinery. Hence, the growing demand for processed food and drinks underpins the expansion of the packaging machinery market.
How Is the Packaging Machinery Market segmented?
The packaging machinery market covered in this report is segmented –
1) By Machine Type: Filling, Labeling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line
2) By Technology: General Packaging, Modified Atmosphere Packaging, Vacuum Packaging
3) By Business: OEM, After market
4) By End-Use: Beverages, Food, Chemicals, Personal Care, Pharmaceuticals
Subsegments:
1) By Filling Machines: Liquid Filling Machines, Powder Filling Machines, Granule Filling Machines, Aseptic Filling Machines
2) By Labeling Machines: Self-Adhesive Labeling Machines, Shrink Sleeve Labeling Machines, Wrap-Around Labeling Machines, In-Mold Labeling Machines
3) By Form-Fill-Seal Machines: Vertical Form-Fill-Seal Machines, Horizontal Form-Fill-Seal Machines
4) By Cartoning Machines: Horizontal Cartoning Machines, Vertical Cartoning Machines
5) By Wrapping Machines: Shrink Wrapping Machines, Stretch Wrapping Machines, Flow Wrapping Machines
6) By Palletizing Machines: Robotic Palletizers, Conventional Palletizers
7) By Bottling Line Machines: Bottle Washing Machines, Bottle Filling Machines, Bottle Capping Machines
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What New Trends Are Influencing the Packaging Machinery Market?
Launching new products has surfaced as a dominant trend in the packaging machinery landscape. The continual rise in demand for packaged goods across multiple sectors, notably food and beverages, is driving the need for improved and more efficient packaging machines. Thus, to cater to these requirements, businesses are unveiling new and improved products. For instance, Cama Group, a company based in Italy providing packaging machines and lines, introduced a top-loading packaging machine designed to boost productivity and reduce the machinery footprint in the multipack sector in July 2024. This novel arrangement optimizes the workflow and assures precise box packing before they continue down the production line.
Who Are the Key Players in the Packaging Machinery Market?
Major companies operating in the packaging machinery market include:
• Aetna Group S.p.A.
• B&H Manufacturing Company Inc.
• Barry-Wehmiller Companies Inc.
• CKD Corporation
• Coesia S.p.A.
• Bosch Packaging Technology (part of Robert Bosch GmbH)
• Krones Group
• Marchesini Group S.p.A.
• Berhalter AG
• Adelphi Group of Companies
• Fuji Machinery Co. Ltd.
• Great Pack Co. Ltd.
• Ishida Co. Ltd.
• Sanko Machinery Co. Ltd.
• Pro Mach Inc.
• Multivac Group
• Tetra Laval International S.A.
• Robert Bosch GmbH
• IMA Group S.p.A.
• Duravant LLC
• Oystar Holding GmbH
• Accraply Inc.
• KHS GmbH
• Langley Holdings plc
• PMI Cartoning Inc.
• Bradman Lake Group Ltd.
• ADCO Manufacturing
• Schneider Packaging Equipment Co. Inc.
• Omori Machinery Co. Ltd.
• Rovema GmbH
• Smurfit Kappa Group
• Hangzhou Youngsun Intelligent Equipment Co. Ltd.
What Is The Most Dominant Region In The Packaging Machinery Market?
Asia-Pacific was the largest region in the packaging machinery market in 2024. The regions covered in the packaging machinery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
