Market Overview 2022-2027:
The latest report by IMARC Group, titled “Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global packaging machinery market reached a value of US$ 50.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.6 Billion by 2027, exhibiting at a CAGR of 4.4% during 2022-2027. Packaging machinery represents the devices that are used for packing several products and components.
Packaging Machinery Market Overview:
It includes process operations, such as fabrication, filling, combining, labeling, sealing, cleaning, palletizing, etc. Packaging machinery ensures the safety of packaged goods by protecting them against biological contamination. Furthermore, it aids in product differentiation and enhances the overall appearance of the products while extending their shelf life. Consequently, packaging machinery finds wide-ranging applications across numerous sectors, such as pharmaceutical, personal care, chemical, etc.
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Global Packaging Machinery Market Trends:
The increasing product utilization for enhancing the appearance of fast-moving consumer goods (FMCG), such as over-the-counter pharmaceuticals, cosmetics, processed foods and beverages, etc., is primarily driving the packaging machinery market. Additionally, the inflating need for automating various processes, including bagging, packing, bottling, sealing, unpacking, lidding, inspecting, wrapping, labeling, encoding, palletizing, etc., is further catalyzing the market growth. Besides this, the rising adoption of energy-efficient packaging machinery is acting as another significant growth-inducing factor.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Bsarry-Wehmiller Companies
- GEA Group
- Illinois Tool Works
- Robert Bosch GmbH
- Adelphi Packaging Machinery
- Aetna Group
- B&H Labelling Systems
- B&H Labelling Systems
- Bosch Packaging Machinery
- Bradman Lake Group
- CKD Group
- Coesia SpA
- Fuji Machinery Company
- Harland Machine Systems Ltd.
Key Market Segmentation Breakup by:
- Pharmaceutical and Personal Care
- Filling Machines
- FFS (Form, Fill and Seal) Machines
- Cartoning Machines
- Palletizing Machines
- Labeling Machines
- Wrapping Machines
- Cleaning & Sterilizing Machines
- General Packaging
- Modified Atmosphere Packaging
- Vacuum Packaging
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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