Meticulous Research®, a well-known global market research firm, has published a report titled ‘Packaging Machinery Market by Type (Carded Packaging Machines, Filling Machines, Labelling Machines), by Function, Automation (Automatic, Semi-automatic), End-use (Food & Beverages, Healthcare & Pharmaceuticals,) and Geography - Global Forecasts to 2030.’
According to the report, the global packaging machinery market is projected to reach $62.43 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. In terms of volume, the market is expected to reach 13,603 thousand units by 2030, with a CAGR of 6.2% over the same period.
Factors driving the expansion of this market include increased production across various industries, supportive governmental regulations ensuring product safety, and advancements in fill-finish manufacturing technologies. However, challenges such as significant initial investments required for machinery installation and stringent regulations aimed at reducing plastic usage are expected to hinder market growth. Opportunities for growth are anticipated due to rising concerns about foodborne illnesses and increasing demand for processed and packaged goods. Nevertheless, a notable barrier to market expansion is the shortage of skilled operators.
The report categorizes the global packaging machinery market based on type, function, automation level, end-use sector, and geographical region. It also analyzes industry competitors and examines market dynamics at national and regional levels.
Based on type, the worldwide market for packaging machinery is segmented into various categories such as carded packaging machines, cartoning machines, case erectors, filling machines, stretch wrappers, shrink wrapping machines, case packers, labeling machines, bottle packaging machines, and other types of packaging machinery. By 2023, it is expected that the carded packaging machines segment will command the largest share of the market. This leadership position is primarily influenced by increasing adoption of carded packaging in sectors like pharmaceuticals and consumer electronics, where ensuring product safety is crucial.
Based on function, The packaging machinery market worldwide is divided into single-function and multi-function segments. By 2023, it is expected that the multi-function segment will lead the market. This is largely attributed to the versatility of these machines, which can perform various tasks such as vertical form-filling-sealing, horizontal packing, bag placing, and rotary packing. Multi-function packaging machinery is recognized for its automated controls, high-speed performance, and user-friendly interfaces, facilitating operators to configure and operate the equipment efficiently and effectively.
Based on automation mode, the worldwide packaging machinery market is segmented into automatic and semi-automatic packing machines. It is forecasted that by 2023, the automatic packing machines segment will lead the market. This is mainly because automatic packing machines offer several benefits, such as improved efficiency, cost savings, and enhanced product quality and safety. Automatic packing machines can package goods faster and more efficiently than manual methods, allowing businesses to increase production capacity and meet growing consumer needs effectively.
Based on end-use industry, the global packaging machinery market is segmented into several end-use industries such as food & beverages, healthcare & pharmaceuticals, agriculture, chemicals, personal care, consumer electronics, apparel & footwear, and others. It is anticipated that by 2023, the food & beverages segment will occupy the largest share of the market. This leadership position is driven by shifts in consumer preferences, intense competition in the packaged food industry, and rising demand for packaged food products.
Based on geography, the packaging machinery market is divided into regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa (MEA). It is projected that by 2023, Asia-Pacific will dominate the global packaging machinery market, followed by Europe, North America, Latin America, and the Middle East & Africa. This substantial market presence in Asia-Pacific is primarily driven by government initiatives promoting environmentally sustainable packaging, ongoing technological advancements in packaging technology by major industry players, and expansion in the food sector.
Key Players
Key players in the global packaging machinery market include Adelphi Group of Companies (based in the UK), Barry-Wehmiller Group, Inc. (headquartered in the US), COESIA S.P.A. (based in Italy), ISHIDA CO., LTD. (Japan), Krones AG (Germany), TETRA PAK INTERNATIONAL S.A. (Switzerland), FUJI MACHINERY CO., LTD. (Japan), Syntegon Technology GmbH (Germany), SIG Group AG (Switzerland), Marchesini Group S.p.A. (Italy), KHS GmbH (Germany), GEA Group Aktiengesellschaft (Germany), OPTIMA Packaging Group GmbH (Germany), Omori Machinery Co., Ltd. (Japan), TNA Australia Pty Limited (Australia), and MULTIVAC Sepp Haggenmüller SE & Co. KG (Germany).
Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5492
Key Questions Answered in the Report:
• Which segments are seeing notable growth in terms of type, function, automation level, end-use sector, and geographical region?
• What was the historical market size of packaging machinery globally?
• What are the projected market forecasts and estimations for the period from 2023 to 2030?
• • What are the primary drivers of growth, barriers to progress, opportunities, and challenges in the global packaging machinery market?
• • Who are the key players in the market, and what market shares do they hold?
• • What does the competitive landscape look like in the global packaging machinery market?
• • What are the latest advancements or developments in the global packaging machinery sector?
• • What strategies are employed by the leading market players?
• • What are the significant trends observed across different geographical regions, and which countries are showing notable growth in the market?
• • Who are the emerging local competitors in the global packaging machinery market, and what strategies are they using to compete with established players?
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research