Global Packaging Machinery Market Outlook and Forecast 2022- Market Research

According to Stratistics MRC, the Global Packaging Machinery Market is accounted for $31.5 billion in 2015 and is expected to reach $48.15 billion by 2022 growing at a CAGR of 6.25% from 2015 to 2022. The factors such as rising advancements in modular packaging machines, growing accessibility of packaged foods, multipacks and increasing adoption of automatic machines in multiple sectors are some of the drivers favoring the market growth. However, lack of awareness among consumers will change the growth of innovative packaging methods. Furthermore, more number of technological advancements should attract the consumers and intensified competition from small vendors are the major challenges in packaging machinery market growth.

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Labelling & Coding machine segment is expected to grow at the highest CAGR in terms of revenue due to the growing demand for pharmaceutical, food and beverage manufacturers to guarantee the safety of their products throughout the supply chain. However, Form Fill Seal (FFS) machinery will remain as the most widely used type of packaging equipment due to their extensive use in their large food processing market.

Asia Pacific leads the global market during the forecast period owing to increasing shares for global sales and growing innovations in technologically complicated equipments.

Some of the key players in this market include Bosch Packaging Technology, Tetra Pack & Toyo Seikan Group Holdings Ltd., Crown Holdings Incorporated, Coesia S.p.A., Krones AG, BarryWehmiller Inc., GEA Group, Illinois Tool Works Inc., Graphic Packaging International, Inc, Automated Packaging Systems, Inc., Dover Corporation, Reynolds Group, Mamata Enterprises Inc., Nordson Corporation and Multivac Inc.

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Machine Types Covered
Cartooning Machines
Coding & Marking Machines
Conveyors
Form Fill Seal (FFS) Machines
Filling & Dosing Machines
Closing & Sealing Machines
Wrapping & Bundling Machines
Other Packaging Machines

Regions Covered
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

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