Asia-Pacific Packaging Machinery Market Outlook, 2027

Asia-Pacific Packaging Machinery Market Outlook, 2027

Packaging machinery refers to the procedure of packaging a product with minimal interference from humans. Due to the recent growth in demand for consumer products, efficient and reliable packaging solutions are in high demand. One of the most essential pillars in the packaging industry is the production of high-speed and high-performance packaging machines to develop a variety of packaging in different sizes, shapes, and materials depending upon the requirements. As for the Asia-Pacific region, the rising disposable income of consumers across various nations is among the key driving factors for the packaging machinery market. Also, the growing consumption of packaged food and the increasing demand for product packaging in small quantities would boost the demand for enhanced packaging machinery across the region. The Asia-Pacific region, led by China, is expected to account for a majority of new product sales by the end of the forecast period. This region's robust annual growth is aimed at the rapid gains expected from developing countries such as Indonesia, India, and Thailand.

According to the research report, ""Asia-Pacific Packaging Machinery Market Outlook, 2027,"" published by Bonafide Research, the packaging machinery market is anticipated to grow at a 5.45% CAGR for 2022–2027. In the Asia-Pacific region, the changing lifestyles of consumers are creating higher demands for packaging of products in different sizes as per their convenience. Also, technological advancements across the region have created higher demand for packed products. The Asia-Pacific packaging machinery market is segmented into five prominent countries, including China, Japan, India, Australia, and South Korea. Among these countries, China is estimated to occupy a larger portion of the market share during the forecast period. Despite developed manufacturing industries, China is expected to account for a major portion of the growth in packaging machinery sales by the forecast period. According to the research, China is the second largest sales market for German packaging machines after the USA.

The Chinese packaging machinery market relies on innovative technologies such as robotics and artificial intelligence. Also, middle and high-end technologies such as 3D printing, video technology, and micro-SMD packaging are expected to attract more market players towards the Chinese market. The Chinese government has announced new laws regarding excessive packaging across the country, requiring all food and cosmetics manufacturers to follow the restrictions. The initiative aims to cut down on empty space and needless material usage in consumer packaging and also to apply sustainable packaging to various products. The adoption of new product standards and health and safety regulations is expected to boost the demand for new packaging materials and equipment.

According to the report, the Asia-Pacific packaging machinery market is segmented into seven machine types, including filling machines, labeling machines, form-fill-seal machines, cartoning machines, palletizing machines, wrapping machines, and bottling line machines. Among these types, the form-fill-seal machine segment is projected to acquire more than 40% of the market share during the forecast period. Ascending demand for versatile and smaller packaging machines owing to space constraints is expected to fuel the market growth for this segment. Further, the market is segregated into five end-users, including food, beverages, chemicals, personal care, and pharmaceuticals. Among these types, food and beverage end-users are anticipated to occupy more than 60% of the market share in the Asia-Pacific market during the forecast period.

COVID-19 Impact:
The emergence of the COVID-19 pandemic has significantly impacted the Asia-Pacific packaging machinery market due to disruptions in the supply chain owing to extended factory closings and delayed production. Moreover, concerns about the safety of the packaging based on the appropriate material have increased across the region. Strict government regulations for lockdown situations resulted in a major drop in the market's growth as many companies and production plants remained shut. However, the work-from-home scenario has helped the market by changing consumer behavior and the growing importance of e-commerce will boost the demand for sustainable packaging across the region.

Major Companies present in the market:
KHS Group, Tetra Laval International S.A., Krones AG, Coesia S.P.A., Syntegon Technology GmbH, Herma GmbH, GEA Group Aktiengesellschaft, SIG Combibloc Group Limited, CKD Corporation, Fuji Machinery Co., Limited, The Adelphi Group of Companies, ProMach, Inc., Marchesini Group S.p.A., Viking Masek Global Packaging Technologies, Sacmi Group, Bradman Lake Limited, Omori Machinery Co. Limited, I.M.A. IndustriaMacchineAutomatiche S.P.A, Premier Tech Chronos Limited

Considered in this report
• Geography: Asia-Pacific
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Asia-Pacific packaging machinery market with its value and forecast along with its segments
• Country-wise packaging machinery market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• China
• Japan
• India
• Australia
• South Korea

Types of machine in the report:
• Filling Machine
• Labeling Machine
• Form-Fill-Seal Machine
• Cartoning Machine
• Palletizing Machine
• Wrapping Machine
• Bottling Line Machine
• Others

By End-Use in the report:
• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to packaging machinery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.