Press release
Packaging Machinery Market Worth $70,532.6 Million by 2027 | Business Outlook, Demand & Future Growth Opportunity
Packaging Machinery Market
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According to a new report published by Allied Market Research, titled, "Packaging Machinery Market by Type, and End-User: Global Opportunity Analysis and Industry Forecast, 2020–2027," the global packaging machinery market size was valued at $47.9 billion in 2019, and is projected to reach $70.5 billion by 2027, registering a CAGR of 5.1% from 2020 to 2027.
The packaging machinery market has witness increased adoption owing to factors such as rise in applications of packaging machinery in a wide range of industries across food & beverages, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with its usage increasing broadly in line with the global economy.
The demand for packaging machinery is largely driven by the increase in consumer goods demand, rise in adoption of automated packaging machines, and development of energy efficient machines. Modern automated packaging machines are used in different stages of packaging and ensure that the stages are completed in minutes rather than hours compared to the older versions. The other key factor driving the market for packaging machinery is the increase in demand for packaging robots from several end user industries. Packaging machines play a vital role in ensuring product safety throughout the supply chain.
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Key Segments
By Type
Filling Machines
Form, Fill and Seal (FFS) Machines
Cartoning Machines
Palletizing Machines
Labelling Machines
Wrapping Machines
Cleaning & Sterilizing Machines
By End-User
Food and Beverages
Pharmaceuticals
Chemicals
Cosmetics
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
Aetna Group S.p.A.
B&H Manufacturing Company, Inc.
Barry-Wehmiller Companies, Inc.
CKD Corporation
Coesia S.p.A.
Duravant LLC
Fuji Machinery Co., Ltd.
Langley Holdings plc
Robert Bosch GmbH
The Adelphi Group of Companies
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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