Packaging Machinery Market Research Report and Outlook (2019-2026)

Various factors have catalyzed innovations in labelling machines. With growing awareness about the hazardous effects of plastic on the environment, companies are increasing research to remove all plastic from their label product packaging. As such, labelling, decorating, and coding machines product segment is estimated to lead the packaging machinery market, in terms of volume. Moreover, the global packaging machinery market is projected to reach an output of ~2,573,400 units by 2026. Hence, manufacturers in the market for packaging machinery are innovating in peel and reveal labels.

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Companies in the packaging machinery market are increasing their efficacy in novel technologies that can insert unique codes on the inside page to help stakeholders drive traffic to their website. On the other hand, embossed and laminated labels are being created on different substrates. Stakeholders in various end markets are investing in automatic labelling systems to cater to Radio Frequency Identification (RFID) and barcode scanning applications.

Innovative packaging machinery has helped manufacturers to save cost on time and manpower. Companies in the packaging machinery market are introducing latest technologies for sterile filling. For instance, special manufacturer of primary packaging Lameplast, presented their new machinery Pentafill A25- an automatic sealing and filling machine designed to function in sterile environments.-Dedicated and appealing products require innovations in filling and dosing machines. As such, the filling & dosing machines product segment of the packaging machinery market is expected to account for the highest revenue by the end of 2026. Hence, manufacturers are increasing R&D in filling & dosing machines to diversify their packaging services.

Currently, there is a growing demand for single-dose unit packaging in the market for packaging machinery. Companies are increasing research to induce versatility in these novel filling & dosing machines. Stakeholders in various end markets are benefitting from the advantages of compact machines that fit in small rooms and are easy to maintain.

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The packaging machinery market is expected to grow at a CAGR of ~6% during the forecast period. Technological innovations are likely to boost market growth. However, challenges of floorspace and accuracy of machines act as a barrier for packaging companies, especially in the pharmaceutical landscape. Hence, companies are introducing new liquid unit-dosing cup machines that ensure accuracy in packaging of controlled substance without sacrificing the floorspace. These novel machines are being manufactured to target small pharmaceutical manufacturers and contract development & manufacturing organizations (CDMOs).

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This release was published on openPR.