Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global packaging machinery market size reached US$ 52.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Packaging machinery refers to a device that is used for packing different products and components. It plays a significant role in facilitating the packaging of small sachets to big cartons as well as providing temper resistance and ensuring the safety of the products. Different types of packaging machines are utilized for sorting, counting and accumulating various items. Due to technological progress, packaging machines have become more advanced and include numerous process operations such as fabrication, filling, sealing, cleaning, combining, labeling, palletizing and overwrapping.

Apart from extending the shelf-life of the contents and protecting them against external elements like biological contamination, degradation, physical damage, and counterfeiting, packaging is also utilized for enhancing the appearance of fast moving consumer goods (FMCG) such as over-the-counter pharmaceuticals, processed food and beverages, and cosmetics. Moreover, consumers nowadays prefer flexible, lightweight, easy-to-carry packages. This is further supported by changing lifestyles and hectic schedules which have led to an increase in the need for convenient packaging solutions, thereby driving the demand for modern packaging machinery across the globe. Besides this, the leading packaging machinery firms are engaging in merger and acquisitions (M&A) activities to expand and increase the efficiency of their existing production facilities.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global packaging machinery market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on machine type, technology and end-use.

Breakup by Machine Type:

Filling Machines
FFS (Form, Fill and Seal) Machines
Cartoning Machines
Palletizing Machines
Labeling Machines
Wrapping Machines
Cleaning & Sterilizing Machines
Others


Breakup by Technology:

General Packaging
Modified Atmosphere Packaging
Vacuum Packaging


Breakup by End-Use:

Food
Beverages
Pharmaceutical and Personal Care
Chemicals
Others


Breakup by Region:

North America
Asia Pacific
Europe
Middle East and Africa
Latin America


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Barry-Wehmiller Companies, GEA Group, Illinois Tool Works, Krones, Robert Bosch GmbH, Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, Harland Machine Systems Ltd., etc.

IMARC Group’s latest report provides a deep insight into the global packaging machinery market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global packaging machinery market in any manner.

Key Questions Answered in This Report:

What was the size of the global packaging machinery market in 2022?
What is the expected growth rate of the global packaging machinery market during 2023-2028?
What are the key factors driving the global packaging machinery market?
What has been the impact of COVID-19 on the global packaging machinery market?
What is the breakup of the global packaging machinery market based on the machine type?
What is the breakup of the global packaging machinery market based on the technology?
What is the breakup of the global packaging machinery market based on the end-use?
What are the key regions in the global packaging machinery market?
Who are the key players/companies in the global packaging machinery market?