The global packaging machinery market is projected to progress at a CAGR of 4.5% over the forecast period. The global market is valued at USD 59.4 billion in 2023 and is predicted to reach USD 92.3 billion by 2033.
| Attributes | Details |
|---|---|
| Packaging Machinery Market Size, 2023 | USD 59.4 billion |
| Packaging Machinery Market Size, 2033 | USD 92.3 billion |
| Value-based CAGR from 2023 to 2033 | 4.5% |
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Several factors influence the global market. Some of these factors are as follows:
Rising Demand for Packed Products: The increasing demand for packaging products and goods in end-use industries, including cosmetics and pharmaceuticals, is driving the market growth. Consumer shifting their demand toward convenience packaging products are increasing the adoption of packaging machinery.
Expanding E-commerce: The rapidly surging e-commerce activities are increasing the demand for effective packaging machinery. E-commerce platforms offer customized and various types and sizes of packaging solutions to capture consumers' desires.
Eco-friendly Packaging: Rising consumer demand for sustainable packaging solutions increases packaging machinery sales. Eco-friendly packaging reduces packaging waste with the adoption of biodegradable packaging materials.
Stringent Regulations: Manufacturers are increasing the demand for packaging machinery by adopting stringent regulations and better packaging standards to meet end users' expectations.
Global Market Expansion: With the growing urbanization, industries, and businesses are increasing the adoption of packaging machinery for safer transportation of products and equipment.
Safety and Quality Assurance: The increasing demand for product safety and quality is increasing the adoption of packaging machinery. These machineries provide inspection, tracking, and tracing for advanced packaging solutions to meet consumers' demands.
Cost Reduction: Key companies seek to reduce packaging costs by optimizing operations and limiting material uses are surging the demand for packaging machinery.
Technological Advancement: The rising ongoing technologies such as artificial intelligence and robotics are integrated into packaging machinery to improve production, maintain capabilities, and reduce human errors.
Several factors are challenging the global packaging machinery market growth. A few of these factors are as follows:
Complex Regulatory System: The adoption of packaging machinery can be expensive, and stringent regulations create challenges for market players.
Supply Chain Disruptions: The unavailability of raw materials, machinery components, and global political tensions may affect the supply chain, limiting market growth.
Labor Shortages: Lack of skilled labor may decline the market growth. These shortages affect packaging production and operation.
Competition: The global market is highly competitive due to the entry of start-ups and the presence of prominent players. This competition leads to new product innovations and price pressures.
Complex Customization: Developing efficient, customized packaging solutions may be challenging for manufacturers with declining market growth.
Maintenance and Downtime: The unexpected breakdown and maintenance schedules may increase costs and reduce production processes that negatively affect consumer demand.
Principal Consultant
The global packaging machinery market was valued at USD 56.7 billion in 2022. Rising industrial automation in packaging machinery is offering efficient packaging solutions to increase production. Growing urbanization, rising disposable incomes, and developing economies are stimulating the demand for packaging machines to uplift the packaging sector.
| Historical Market Valuation in 2022 | USD 56.7 billion |
|---|
Rapidly expanding industries for packaging goods in Asian countries such as India, China, and Japan are fueling the demand for packaging machinery. In the historical period, the arrival of the COVID-19 crisis disrupted the production process due to supply chain disruptions and reduced labor work. These packaging sectors were temporarily shut down due to lockdowns, and social distancing declined the market growth.
| Countries | CAGR (2023 to 2033) |
|---|---|
| United States | 2.8% |
| Canada | 3.9% |
| Germany | 2.3% |
| United Kingdom | 4.4% |
| Italy | 3.4% |
| France | 3.9% |
| Sapin | 2.8% |
| China | 5.9% |
| India | 6.5% |
| Japan | 3.2% |
| South Korea | 4.6% |
| Thailand | 5.5% |
The United States packaging machinery market is estimated to secure a CAGR of 2.8% during the forecast period. The United States is one of the larger packaging countries that innovate sustainable packaging solutions to reduce carbon footprints and improve product shelf life. The integration of technologies such as data analytics and artificial intelligence is improving packaging solutions with rapid production to capture robust revenue.
The growing industry 4.0 and automation technologies are contributing a crucial role in reducing labor work, human errors, and reliable packaging solutions. The adoption of packaging machinery with cutting-edge technology by startup companies in the United States is contributing to dynamic revenue and competition. Machinery is utilized in different sectors to enhance production with customized solutions to meet consumers' desires.
Canada's packaging machinery market is anticipated to capture a CAGR of 3.9% during the forecast period. The growing focus on eco-friendly and sustainable packaging is reducing waste and recycling material among various industries in Canada. Key players are collaborating with the packaging sector to develop efficient, affordable, and remote-monitoring packaging machinery.
The increasing demand for remote control and monitoring and the adoption of smart packaging technologies are ensuring hassle-free transportation and shipping. Canada greatly emphasizes pharmaceuticals and food safety packaging quality to prioritize consumer demand.
The United Kingdom is significantly uplifting the global market by registering a CAGR of 4.4% by 2033. The increasing demand for compact designs and reliable, flexible, and innovative packaging increases the adoption of packaging machinery. These machineries are widely preferred by the new market entrances to establish their business portfolio with customized packaging solutions.
The expanding food & beverage and cosmetics sectors prefer different packaging types, which are propelling the United Kingdom packaging machinery market. Manufacturers focus on sustainable practices to ensure product quality and safety during delivery. Changing consumer preferences, research and development, and a fast-evolving market are stimulating the adoption of packaging machinery in the country.
China is anticipated to register a CAGR of 5.9% during the forecast period in the global market. China is a hub for packaging products due to rapidly growing manufacturing capabilities. The increasing demand for highly efficient and reliable packaging solutions is upsurging China's packaging machinery market. Government initiatives for green packaging solutions to reduce environmental impacts are attracting a large consumer base.
Key players develop precision packaging machinery with high-end solutions and entry-level options to offer a wide range of products. They are collaborating with trade shows, exhibitions, and research institutions to expand their market reach and collect vast revenue at the international level.
India is the fastest-growing country, with an anticipated CAGR of 6.5% during the forecast period. India’s packaging machinery market is significantly growing due to surging medical, consumer goods, and food & beverage industries. The increasing consumer awareness toward cost-effective solutions and advanced adaptability are fueling the market growth.
Businesses and industries focus on affordable, customized, and productive packaging machinery to fulfill their specific requirements, driving the market size. Manufacturers are seeking niche markets to develop unique products and drastically increase the adoption of packaging machinery in India. Manufacturers promote green solutions with domestic manufacturing processes through “Make in India” programs.
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| Top Machine Type | Filling & Dosing |
|---|---|
| Market Share in 2023 | 15.8% |
Based on machine type, filling & dosing machines are likely to lead the global packaging machinery market by registering a share of 15.8%. The increasing demand for easy-to-handle products is fueling the adoption of filling & dosing machines in chemicals, food, and pharmaceuticals. These machines offer product quality, consistency, and safety, ensuring accuracy and attracting end users' demands.
Filling & dosing machines operate production efficiency with a wide range of packaging requirements. These machines are easily integrated into packaging automation systems for flexible and fast production processes to limit labor costs. Manufacturers develop these machines by focusing on stringent policies in the food and pharmaceutical sectors.
| Top End User | Food Industry |
|---|---|
| Market Share in 2023 | 35.2% |
Based on end users, the food industry is estimated to dominate the global packaging machinery market by capturing a share of 35.2%. The food industry is playing a crucial role in enhancing the global market size through effective, safe, and quality food packaging. Consumers are constantly increasing the adoption of packaging machinery for convenient, innovative, and better packaging. The food packaging machinery offers diverse product packaging to enhance the shelf life of food, such as bakery items and processed foods.
Food manufacturers maintain food safety and hygiene as their top preference, with strict regulations and standards to prevent contamination. They advertise their brand with seals and labels printed on packaging items. They design attractive, eye-catching labels with customized solutions to satisfy consumers' needs.
Food manufacturers transport their products across countries with safe packaging and labeling, increasing the demand for packaging machines. Surging eCommerce and online retail offer a wide range of packaging machines according to consumers’ requirements to reduce waste and support recycling.
The global packaging machinery market is highly consolidated by the number of essential players heavily invested in research and development activities. These players carry unique ideas and innovate sustainable and cost-effective products to add value to packaging solutions. The key players focus on developing customized, high-quality products to satisfy consumers' requirements.
Key players upsurge the global market revenue by adopting marketing strategies such as mergers, collaborations, acquisitions, product launches, and agreements. These players are making efforts to attract end users' attention to their innovative products to boost their sales. They are launching their brands on trade shows and several online platforms to reach genuine audiences.
Recent Developments in the Packaging Machinery Market
The packaging machinery market valuation is USD 59.4 billion in 2023.
The United States is leading the market for packaging machinery.
The packaging machinery market is likely to capture a CAGR of 4.5% through 2033.
The growing focus on sustainability and safe packaging solutions.
KHS Group and SIG Combibloc Group Ltd. are the key players in the packaging machinery market.
1. Executive Summary 2. Market Overview 3. Market Background 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Machine Type 5.1. Filling & Dosing 5.2. Labelling, Deco., and Coding 5.3. Form, Fill, & Seal 5.4. Cartoning Machines 5.5. Case Handling 5.6. Closing 5.7. Wrapping & Bundling 5.8. Palletizing & Depalletizing 5.9. Bottling Line 5.10. Conveying Machines 5.11. Other 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Technology 6.1. Automatic 6.2. Manual 6.3. Semi-automatic 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 7.1. Beverages 7.2. Food 7.3. Chemicals 7.4. Homecare & Personal Care 7.5. Pharmaceuticals 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. KHS Group 18.2. SIG Combibloc Group Ltd. 18.3. Tetra Laval International S.A. 18.4. Krones AG 18.5. I.M.A. Industria Macchine Automatiche S.p.A. 18.6. Syntegon Technology GmbH 18.7. ProMach 18.8. GEA Group Aktiengesellschaft 18.9. Sacmi 18.10. Bradman Lake Ltd. 18.11. ROVEMA GmbH 18.12. Douglas Machine Inc. 18.13. Coesia S.p.A 18.14. Maillis Group 18.15. Duravant 19. Assumptions & Acronyms Used 20. Research Methodology
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