Packaging Machinery Market:
Growth opportunities in the Packaging Machinery Market look promising over the next six years. This is mainly due to the expanding demand for greater product diversity and constant demand to ensure the equipment’s effectiveness.
Packaging Machinery Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting production output, primarily across emerging industrial economies, which include Japan and China, is one of the crucial drivers propelling the market growth. Also, the accelerating demand for a wide range of products coupled with the packaging sizes promoted proliferating the e-commerce industry further strengthens the market size. The surging demand for extensive product variation and a wider variety of products from the manufacturers to incorporate these products and adapt modifications easily has bolstered the market growth. Additionally, the ongoing demand from CPG manufacturers for machinery to ensure overall efficiency of equipment such as low rejection rate, ease of functioning, higher level of adaptability, maintenance & integration, and less environmental footprint will bolster the packaging machinery market size.
Machine Type Segment Drivers
Based on the machine type, the form-fill-seal is projected to witness a faster CAGR over the forecast period. This is mainly because of the rising prominence of flexible packaging. These machines are outlined to produce packages with a material that is fed off a roll, fill it, and then seal it. Also, they carry the primary collection like a bag or a pouch using an adjustable film. They can enroll a wide array of packaging materials and can be employed across various end-use industries such as cosmetics, food & beverage, and chemical, which are impelling the packaging machinery market share.
Regional Drivers
Based on the regional coverage, Asia-Pacific is expected to expand at a higher CAGR over the forecast period. This is attributed to the significant prevalence of food & beverage and personal care producers and the swiftly accelerating population in countries including China and India. The enlarging middle class, mounting concerns towards environment protection, and the rising disposable income of households are promoting market growth. Additionally, governments across nations are encouraging environment friendliness, domestic consumption, and power-saving equipment and technology enhancement to fuel the market share.
Packaging Machinery Market’s leading Manufacturers:
- J. Maillis Group
- Coesia S.p.A
- Tetra Laval International S.A.
- SACMI Imola S.C
- Langley Holdings plc
- Krones AG
- Douglas Machine Inc.
- Franz Haniel & Cie. GmbH
- SIG Combibloc Group AG
- Salzgitter AG
Packaging Machinery Market Segmentation:
Segmentation by Machine Type
- Filling
- Labeling
- Form-Fill Seal
- Wrapping
- Palletizing
- Others
Segmentation by End-Use
- Food & Beverage
- Chemicals
- Personal Care
- Pharmaceuticals
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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