Packaging Machinery Market Size, Growth, Opportunity and Forecast 2021-2026

The latest report by IMARC Group, titled "Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", estimates that the global packaging machinery market reached a value of US$ 49.2 Billion in 2020. Packaging machinery is widely utilized for packing products and components. They perform numerous functions, which are essential for ensuring the safety of packaged goods. Apart from this, the packaging improves the appearance of products, protects them against biological contamination and extends their shelf life. It also plays a pivotal role in product differentiation. Packaging machines are employed for bagging, packing, unpacking, bottling, sealing, lidding, inspection, wrapping, labeling, encoding and palletizing the products. The packaging process is automated at different levels by using films, seals, wraps, forms and packages.

Some of the top key players operating in the market including: Bsarry-Wehmiller Companies, GEA Group, Illinois Tool Works, Krones, Robert Bosch GmbH, Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, B&H Labelling Systems, Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company and Harland Machine Systems Ltd.

Request for a free sample copy of this report: https://www.imarcgroup.com/packaging-machinery-market/requestsample

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

Global Packaging Machinery Market Trends:

Various factors such as hectic lifestyles, changing dietary preferences and inflating per capita income have led individuals to shift towards convenience and ready-to-eat food products. Consequently, a thriving food and beverage industry, in confluence with the escalating popularity of online food delivery services, has catalyzed the demand for packaging solutions. Moreover, there has been a rise in the demand for convenient packaging solutions for medicines and other related products due to an increase in the prevalence of lifestyle diseases. Furthermore, developments, such as the advent of energy-efficient packaging machinery, are also expected to provide a thrust to the market growth.

Buy full report with table of contents: https://www.imarcgroup.com/packaging-machinery-market

Insights on Market Segmentation:

Market Breakup by Machine Type:

1. Filling Machines
2. FFS (Form, Fill and Seal) Machines
3. Cartoning Machines
4. Palletizing Machines
5. Labeling Machines
6. Wrapping Machines
7. Cleaning & Sterilizing Machines
8. Others

On the basis of the machine type, the market has been segmented into form filling machines, FFS (Form, Fill and Seal) machines, cartoning machines, palletizing machines, labeling machines, wrapping machines, cleaning & sterilizing machines, and others. Amongst these, filling machines represent the most preferred type of packaging machine.

Market Breakup by Technology:

1. General Packaging
2. Modified Atmosphere Packaging
3. Vacuum Packaging

Based on the technology, the market has been categorized as general packaging, modified atmosphere packaging and vacuum packaging.

Market Breakup by End-Use:

1. Food
2. Beverages
3. Pharmaceutical and Personal Care
4. Chemicals
5. Others

On the basis of the end use, the food industry accounts for the majority of the total market share. Other major segments include beverages, pharmaceutical and personal care, chemicals, and others.

Market Breakup by Region:

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America

On the geographical front, Asia Pacific holds the leading position in the market. This can be attributed to the buoyant demand for flexible packaging and various smart packaging elements, including augmented reality and QR codes. Other key regions include North America, Europe, Middle East and Africa and Latin America.

Note- If you want to need latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report. We deliver report with-in 24 hours.

Browse More Research Reports By IMARC Group:

1. https://www.imarcgroup.com/europe-paper-cups-market

2. https://www.imarcgroup.com/us-pet-food-market

3. https://www.imarcgroup.com/animal-health-market

4. https://www.imarcgroup.com/japan-cross-laminated-timber-market

5. https://www.imarcgroup.com/east-africa-led-lighting-market

6. https://www.imarcgroup.com/gcc-paper-products-market

7. https://www.imarcgroup.com/uk-lip-care-products-market

8. https://www.imarcgroup.com/indian-milkshake-market

9. https://www.imarcgroup.com/gcc-polyethylene-pipes-market

10. https://www.imarcgroup.com/united-states-xylitol-market

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.