Packaging Machinery Market Share, Size, Trends | Industry Outlook Report (2021-2026)

Press Release:

Global Packaging Machinery Market to Grow at 6% during 2019-2024, Spurred by Rising Demand from Diverse Industries

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global packaging machinery market reached a value of US$ 49.2 Billion in 2020. 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. Looking forward, IMARC Group expects the global packaging machinery market to exhibit moderate growth during the next five years.

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

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Machine Type:
- Filling Machines
- FFS (Form, Fill and Seal) Machines
- Cartoning Machines
- Palletizing Machines
- Labeling Machines
- Wrapping Machines
- Cleaning & Sterilizing Machines
- Others
Market Breakup by Technology:
- General Packaging
- Modified Atmosphere Packaging
- Vacuum Packaging
Market Breakup by End-Use:
- Food
- Beverages
- Pharmaceutical and Personal Care
- Chemicals
- Others
Market 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.

Key Questions Answered in This Report:

How has the global packaging machinery market performed so far and how will it perform in the coming years?
What are the key regional markets in the global packaging machinery industry?
What has been the imapct of COVID-19 on the global packaging machinery market?
What is the breakup of the market based on the machine type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end-use?
What are the various stages in the value chain of the global packaging machinery industry?
What are the key driving factors and challenges in the global packaging machinery industry?
What is the structure of the global packaging machinery industry and who are the key players?
What is the degree of competition in the global packaging machinery industry?
What are the profit margins in the global packaging machinery industry?