Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Packaging business-consulting firm, has published a business intelligence report on the “Packaging Machinery Market”. The total market opportunity for the Packaging Machinery Market was USD 43.40Bn in 2021 and is expected to grow at 4.3 percent CAGR over the forecast period to reach USD 60.79 Bn by 2029.
| Market Size in 2021 | USD 43.40 Bn |
| Market Size in 2029 | USD 60.79 Bn |
| CAGR | 4.3 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 272 |
| No. of Tables | 123 |
| No. of Charts and Figures | 118 |
| Segment Covered | Type, End Use Industry and Technology Type |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Packaging Machinery Market Scope and Research Methodology
The Packaging Machinery Market report provides a comprehensive analysis. The report covers all the aspects of the industry with a key players that include market leaders, followers and new entrants. The Packaging Machinery Market report provides an in-depth analysis of market competition among the key players with company profiles and new entrants in the market. The Packaging Machinery Market was analysed by region, revenue, social medial presence, technological advancement, financial status, portfolio and mergers and acquisitions. The segments covered in the Packaging Machinery Market are by Type, End Use Industry, and Technology Type.
The Packaging Machinery Market report helps to identify the market scenario with the forecasted market size and trends. The report gives more focus on the prospects that may occur in the near future and provide a significant growth to the overall market growth. SWOT analysis was conducted to provide the strengths, weaknesses, opportunities in the market and potential threats looming over the Packaging Machinery Market. PESTLE was employed to understand the potential impact of the external factors affecting the Packaging Machinery Market.
Packaging Machinery Market Overview
Packaging machinery is used to conduct a variety of packaging operations that encompass processes from primary packaging to assembly and distribution. Such machinery include shrink tunnels, pallet wrappers, case erectors, sealers, carded packaging and so on. An increase in the preference for mass production techniques by the global manufacturing sector have increased the demand for advanced packaging techniques that reduce the time and labour cost required.
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Increase in demand for packaging machinery is largely driven by the growth in consumer goods, which is expected to drive the market during the forecast period
Growing food & beverage industries across the globe, increasing economies and rising export of food products are the driving factors for the global packaging machinery market growth over the forecast period. The personal care and cosmetics, fashion trends and influence of western culture is increasing across the globe is expected to growth during the forecast period.
Growing need for flexible and integrated packaging machinery is expected to growth during the forecast period
Packaging plays a major role in pharmaceutical drugs. Advancements in the packaging industry helps maintain the stability of novel drugs and improve their shelf life. High demand for packaging machinery is expected to drive the Packaging Machinery Market during the forecast period.
Asia-Pacific region is expected to be the fastest Packaging Machinery market over the forecast period
Asia-Pacific held the largest market share in 2021. The presence of large number of manufacturing industry and increasing use of advanced management is expected to influence the regional Packaging Machinery market over the forecast period. APAC are expected to witness growth during the forecast period due to rapid economic development and government initiatives towards economic development.
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Packaging Machinery Market Segmentation
Based on Type, labelling and a coding machine are estimated to hold the largest share in the market by over the forecast period.
Widely use of labelling and a coding machine in various end-use industries such as food & beverages. Rising technological developments in a packaging machine, which is propelling the global packaging machinery market growth in the forecasted period.
By End Use Industry, the food & beverages segment is expected to hold the largest share in the packaging machinery market by over the forecast period.
Increase in demand for the food and increasing preference towards the packaged food products among consumers across the globe is influence the market to grow.
By Technology Type, MAP Technology is expected to hold the largest share in the packaging machinery market by over the forecast period.
The rising demand for packaging techniques to improve the shelf life of perishable goods has forecasted. MAP Technology to remain the dominating technology used by the Global Packaging Market.
By Type
- Form Fill Seal (FFS)
- Wrapping and Bundling
- Labelling and Coding
- Package Closing and Sealing
By End Use Industry
- Food & Beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Others
By Technology Type
- General Packaging Technology
- MAP Technology
- Vacuum Packaging Technology
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Packaging Machinery Market Key Players include:
- GEA Group
- Illinois Tool Works
- KRONES
- Automated Packaging Systems, Inc.
- Barry-Wehmiller
- Bosch Packaging Technology
- Coesia
- Nichrome Packaging Solutions
- Propack Processing and Packaging Systems Inc.
- Serpa Packaging Solutions
- Adelphi Packaging Machinery
- Aetna Group
- B&H Labelling Systems
- Bradman Lake Group
- CKD Group
- Fuji Machinery Company
- Harland Machine Systems Ltd.
- Duravant LLC
- Langley Holdings plc
Key questions answered in the Packaging Machinery Market are:
- What is Packaging Machinery?
- What was the Packaging Machinery Market size in 2021?
- What is the forecast period of Packaging Machinery Market?
- Which is the fastest growing segment in the Packaging Machinery Market?
- What is the growth rate of the Packaging Machinery Market?
- Which factors are expected to influence the Packaging Machinery Market growth?
- What factors are expected to hamper the Packaging Machinery Market growth?
- Which segment dominated the Packaging Machinery Market growth?
- What is the demand pattern for the Packaging Machinery Market?
- Which region held the largest share in the Packaging Machinery Market?
- Who are the key players in the Packaging Machinery Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Type, End Use Industry and Technology Type
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Packaging research firm, has also published the following reports:
Cosmetic Packaging Machinery Market: The total market size was valued at USD 4.66 Bn in 2021 and is expected to reach USD 8.25 Bn by 2029 at a CAGR of 7.4 percent during the forecast period. The markets for cosmetic packaging machinery and is expected to see rapid growth over the forecast period.
Display Packaging Market: The total market size was valued at USD 1.55 Bn in 2021 and is expected to reach USD 2.20 Bn by 2029 at a CAGR of 4.5 percent during the forecast period. New technologies like reshaping packaging, space-saving packaging, smart packaging, & printed electronics are promoting the expansion of display packing material is expected to grow market over the forecast period.
Reusable Packaging Market: The total market size was valued at USD 103.95 Bn in 2021 and is expected to reach USD 159.54 Bn by 2029 at a CAGR of 5.5 percent during the forecast period. The increase in demand for sustainable packaging, which reduces waste and has a lower carbon footprint, is expected to grow market over the forecast period.
Paper Packaging Materials Market: The total market size was valued at USD 358.52 Bn in 2021 and is expected to reach USD 513.77 Bn by 2029 at a CAGR of 4.6 percent during the forecast period. Rise in awareness regarding probiotics usage, rising standard of living, and increasing disposable income are expected to drive the growth of the market during the forecast period.
Collapsible Tubes Packaging Market: The total market size was valued at USD 1.05 Mn in 2022 and is expected to reach USD 1.72 Mn by 2029 at a CAGR of 7.26 percent during the forecast period. Growing the trade of recycling the plastic product and the reuse it, due to this trade wastage of less material globally is expected to grow market over the forecast period.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
