3 Key Insights on US$ 60 Bn Opportunity in Global Packaging Machinery Market: Ken Research

Posted November 9, 2022 by kenresearchcompany

Global Packaging Machinery Market Size, Segments, Growth Rate, Outlook, and Revenue Forecast 2022-2028: Ken Research
Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Increasing Demand for Efficient Packaging Machinery in Various Industries Encourage Market Growth

Packaging Machinery is widely adopted by manufacturers of various industries such as food & beverages, pharmaceuticals, personal care, and others to package goods. The increasing popularity of the e-commerce sector coupled with the rising penetration of the internet and online retailing in the different sectors is likely to boost the demand for packaging as well as packaging machinery. However, the requirement for high initial investment may impede the growth of the market.

The advancement in new technologies for packaging machinery to make it more efficient and environmentally friendly is creating immense opportunities for the growth of the Global Packaging Machinery Market.

According to Ken Research estimates, the Global Packaging Machinery Market – valued at around US$ 35 Bn in 2017 and estimated to reach nearly US$ 45 Bn by 2022 – is expected to grow to around US$ 60 Bn opportunity by 2028.

Visit @ https://www.kenresearch.com/business-research/global-packaging-machinery-market-outlook-2028/

2. Growing Popularity of the E-Commerce Sector is Driving the Market Growth

The change in consumer purchasing behaviour for goods such as food & beverages, medicines, nutraceuticals, chemicals, and others along with the wide adoption of e-commerce service due to its convenience is expected to boost the demand for packaging, which in turn increases the demand for packaging machinery among manufacturers. In addition, millennials and Gen-Z prefer purchasing products online as it offers convenience, discounts, price comparisons, and other advantages. The increase in demand for consumer goods and increased penetration of the internet in the industry is expected to boost the demand for packaging machinery to package goods efficiently and temper proof.

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The below graph depicts the penetration of online services in retail industry in India.

3. Requirement for High Initial Investment in Packaging Machinery Pose the Most Significant Barrier to the Growth of the Market.

Automated and semi-automated packaging machines are highly expensive and difficult to afford for small and medium-scale manufacturers of any industry, which may hamper the growth of the market. Moreover, packaging machinery requires a lot of space to set up as they are huge and they need constant maintenance, which adds up to the cost of packaging machinery. The manual process for packaging is time-consuming and not feasible for any manufacturers. Thus, the requirement for a high amount of initial investment to purchase packaging machinery is expected to restrict the growth of the Global Packaging Machinery Market.

Visit @ https://www.kenresearch.com/business-research/global-packaging-machinery-market-outlook-2028/

The below graph depicts the average cost for semi-automatic and automatic packaging machinery cost in US$.

Key Topics Covered in the Report

Snapshot of the Global Packaging Machinery Market
Industry Value Chain and Ecosystem Analysis of the Packaging Machinery Market
Market size and Segmentation of the Global Packaging Machinery Market
Historic Growth of the Overall Global Packaging Machinery Market and Segments
Competition Scenario of the Packaging Machinery Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Packaging Machinery Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Packaging Machinery Market
Future Market Forecast and Growth Rates of the Global Packaging Machinery Market and by Segments
Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
Analysis of the Packaging Machinery Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Production/Supply and Consumption/Demand Hubs in Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Packaging Machinery Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

For more details @ https://www.kenresearch.com/business-research/global-packaging-machinery-market-outlook-2028/

Major Companies Mentioned in the Report

Krones AG
Robert Bosch Gmbh
M.A. Industria Macchine Automatiche S.P.A. 
Langley Holdings Plc
KHS Group
CKD Corporation
Barry-Wehmiller Companies
The Adelphi Group of Companies
Fuji Machinery Co.,Ltd.

Notable Emerging Companies Mentioned in the Report

Tetra Laval
Marchesini Group
Aetna Group
Syntegon Technology GmbH
PAC Machinery

For more information on the research report, refer to below link:

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Country India
Categories Manufacturing
Last Updated November 9, 2022