Packaging Machinery Market Forecast to Reach $40 Billion by 2025

The Packaging Machinery Market is forecast to reach $40 billion by 2025, growing at a CAGR of 5% during 2019-2025. The packaging machinery market is likely to witness a strong growth from e-commerce sector as the industry experienced a Y-o-Y growth of 11.32% from 2017. Similarly, the changing customer preferences from using plastic based packaging to environmental friendly packaging is anticipated to drive the market for new packaging machinery during 2019-2025. Many end users are replacing their older machine with the new packaging machine which can process biodegradable materials. Similarly, the surging demand for packaged and processed food is likely to increasing the demand for packaging machinery in food and beverages sector.

Full Report Link @ https://www.industryarc.com/Report/18675/packaging-machinery-market.html

Packaging Machinery Market Segment Analysis - By Application

E-commerce sector is estimated to grow to $200 billion by 2026 from $38.5 billion in 2018. The increasing digitalization and the rising penetration of internet is creating favorable scenario for e-commerce market. For instance, global internet penetration has been increased from 37.3% to 56.8% during 2016-2019. Developing countries such as India is focusing more on digitalization which is increasing the presence of the ecommerce portals in the country. As the presence of the e-commerce portals is increasing, the companies are planning to invest heavily in establishing new warehouses in the country which will have a positive impact on packaging machinery market.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=18675
Report Price: $ 5900 (Single User License)

Packaging Machinery Market Segment Analysis - By Geography

APAC holds the largest market share, and registered around 35% of the global share in 2018, owing to large number of packaging machinery installed in consumer electronics manufacturing industry. Further, countries like China, Japan, Taiwan, and India is expected to provide faster growth for packaging machinery due to growing consumer electronics production during forecast period 2019-2025. For instance, in 2018, China holds approximately 37%-39% of overall global consumer electronics production which is 2%-3% higher as compared to 2012. Similarly, the export of consumer electronics product from China has been increased to 24% in 2018. The increasing manufacturing of the consumer electronics such as phones, tablets, and other gadgets need packaging cartons which contribute significantly to demand for packaging machinery in the APAC region.

Packaging Machinery Market Drivers

Adoption of Advanced Control Software:

To improve the flexibility in the packaging machineries the vendors are integrating advanced software, which are proving to be helpful in improving control and connectivity. This is also opening up avenues for expanding production capacity through smart manufacturing techniques. With the implementation of smart manufacturing techniques in packaging machineries, the performance and speed of the machine is anticipated to go up by 10%-15% with reduction in packaging time. Thus, the implementation of smart manufacturing techniques and the focus on improving the flexibility in the packaging machineries which enhances the performance of the machine and increase the usage of the packaging machines in different industry verticals such as food and beverages, and many others.
Increasing need for the special packaging machinery in cosmetic industry:

According to the Organization for Economic Co-operation and Development (OECD), the household disposable income in developed countries is likely to grow from 1% in 2017 to 5.5% by 2020. With this growing disposable income, the demand for life style products such as cosmetics and other premium beauty products is likely to increase. The beauty and cosmetic industry uses specialized packaging machinery, as this industry heavily utilizes attractive packaging as a marketing strategy. Moreover, cosmetic industry is moving forward to adopt multifunctional packaging machinery that could help them achieving attractive packaging along with filling, tagging, and capping of beauty products on a single machine. These advanced packaging machinery are likely to replace the traditional packaging machinery in cosmetic industry and is expected to create new opportunity for advanced packaging machinery during the forecast period 2019-2025.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=18675

Packaging Machinery Market Challenges

High cost of the machine:

The companies operating in packaging industry are facing intense cost pressure due to rise in raw material prices. Further, highly fragmented nature of this industry reduces the profit margin of the companies. Thus, large companies use advanced packaging machinery to differentiate their service from small and medium companies. However, due to high cost, small and medium company find it difficult to buy advanced packaging machinery. These companies mostly prefer to take the machine on rent rather than buying it. Moreover, due to frequent obsoletion of technology, many packaging company consider the rent as the most economically viable option. This reduces the market opportunity for advanced packaging machinery products.

Market Landscape

Packaging machinery market is moderately concentrated with top 5 players holding approximately 50% market share. Key vendors operating in this market are using product feature, reliability, and service as the key ingredients to differentiate their products from small and medium manufacturers. The major players such as Bosch and others are focusing on the introduction of new products. In 2018, Bosch as launched Sigpack HML horizontal flow wrapping machine which hermetically packs 350 pharmaceutical products in one minute. The introduction of this machine will have a positive impact on the revenue of the company in future. Major players in the Packaging machinery market includes Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company and others.

Partnerships/Mergers/Acquisitions

GN Packing Machinery Inc., has merged with investing company Mide Pak. This merger will help the company in expanding its business operations globally.

In February 2018, RND Automation acquired MDC packaging machinery. The main reason for this acquisition is to provide better packaging equipment to MDC’s customers, thereby meeting the demand for the same.

R&D Investments/Funding

In 2018, Graphic Packaging International Inc. has announced its plans to invest $41.5m to upgrade machinery for the production of beverage packaging paperboard in West Monroe. This investment will help in increasing the production capacity of the company and will show a positive impact on the company’s revenue.

Packaging Machinery Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the packaging machinery market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of packaging machinery market, and their specific applications in the Retail and E commerce, Food and Beverages, Cosmetic, Pharmaceuticals and Chemical sectors.

Key Takeaways

The growing ecommerce sector and the shifting trends towards consumption of the packaged food in developing and developed countries will increase the demand for packaging machinery.

Increased usage of automation in the packaging industry and rise in global market for of the consumer goods are major factors impacting growth of the packaging machinery market.

Continuous developments in the e-commerce business is leading to significant growth in the packaging machinery market.

Related Reports :

A. Machine Safety Market
https://www.industryarc.com/Report/225/machine-safety-market-analysis-forecast-report.html

B. Sensors Market Tracker
https://www.industryarc.com/Report/15223/sensors-tracker-database.html

For more Automation and Instrumentation Market reports @ https://www.industryarc.com/Domain/10/industrial-automation-instrumentation-market-research.html

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

This release was published on openPR.