Packaging Machinery Market: Growth, Trends by 2024

The global packaging machinery market size was valued at USD 42.13 billion in 2019 and is projected to reach USD 70.23 billion by 2032, exhibiting a CAGR of 2.4% during the forecast period. Asia Pacific dominated the packaging machinery market with a share of 33.28% in 2019.

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Packaging Machinery Market Share, Size & Industry Analysis, By Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Fill & Deal, Labelling, Decorating & Coding, Palletizing, Wrapping & Bundling, and Others), By End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals and Others) and Regional Forecast Between, 2020-2032

Top Companies of packaging machinery market:

• Krones AG (Bavaria, Germany)
• Robert Bosch Packaging Technology GmbH (Baden-Württemberg, Germany)
• Coesia S.P.A. (Bologna, Italy)
• I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)
• Salzgitter AG (Salzgitter, Germany)
• BW Packaging Systems (Illinois, U.S.)
• Viking Masek Global Packaging (Wisconsin, U.S.)
• Nichrome Packaging Solutions (Maharashtra, India)
• Asian Packing Machinery Pvt. Ltd. (Haryana, India)
• Aagard Group, LLC (Minnesota, U.S.)
• MG America (New Jersey, U.S.)
• Mollers North America (Michigan, U.S.)
• Kalamazoo Packaging Systems (Michigan, U.S.)
• Frain Industries, Inc. (Illinois, U.S.)
• Sun Packaging Technologies, Inc. (Florida, U.S.)
• VELTEKO s.r.o. (Central Bohemian, Czech Republic)
• BLAŽEK (Central Bohemian, Czech Republic)
• The Adelphi Group of Companies (West Sussex, U.K.)
• Fuji Machinery Co., Ltd. (Aichi Prefecture, Japan)
• SAMPACK India Pvt. Ltd. (Tamilnadu, India)
• UnionPack International Co., Ltd. (Zhejiang, China)

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Packaging Machinery Market Drivers and restrains:

• Drivers:
  • Growing Demand for Packaged Goods: Increasing consumer preference for convenience and packaged foods and beverages drives the need for advanced packaging machinery to meet high production demands.
  • Technological Advancements: Innovations such as automation, robotics, and smart packaging technologies enhance the efficiency, flexibility, and precision of packaging processes, boosting market growth.
  • Focus on Product Safety and Quality: Rising emphasis on maintaining product integrity and extending shelf life promotes the adoption of sophisticated packaging machinery that ensures safety and quality.
  • Sustainability Trends: The growing demand for eco-friendly and sustainable packaging solutions drives innovation in machinery designed to handle recyclable, biodegradable, and reduced-waste materials.
  • Expansion in Emerging Markets: Rapid industrialization and growing consumer markets in developing regions increase the demand for modern packaging machinery to support expanding production and distribution networks.
• Restraints:
  • High Initial Costs: The substantial capital investment required for purchasing and installing advanced packaging machinery can be a barrier for smaller companies and startups.
  • Maintenance and Operating Expenses: Ongoing maintenance, servicing, and operational costs associated with advanced machinery can impact overall profitability and cost-efficiency.
  • Complexity of Integration: Integrating new packaging machinery with existing production lines and systems can be complex, requiring specialized technical knowledge and adjustments.
  • Technological Obsolescence: Rapid advancements in packaging technology can lead to obsolescence of existing machinery, necessitating frequent upgrades or replacements to stay competitive.
  • Regulatory Compliance Costs: Navigating and complying with evolving regulatory standards and safety requirements can involve additional costs and administrative burdens for manufacturers.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the packaging machinery market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the packaging machinery market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
• The Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
• Latin America (Brazil, Mexico, and Rest of Latin America)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of packaging machinery market:

• Krones AG partnered with Stadler Anlagenbau GmbH to develop recycling technology, Which will help in the reduction and improvement of interfaces.
• Robert Bosch GmbH launched a new automation solution for SMEs, which has a production capacity of up to 150 packages per minute. This machine is an entry-level Pack 102 horizontal flow wrapper using a Fanuc Scara robot.

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