Packaging Machinery Market Expected to Reach $ 69.2 Billion by 2030 | Aetna, Barry-Wehmiller, CKD.

The growth of the packaging machinery market is attributed to the increasing demand for packaging in logistics and transportation. There are numerous logistics and transportation enterprises that need packaging machinery to package and bundle their goods & commodities before the shipment of these products. The packaging machinery market is expected to witness bright growth prospects with the growing logistics & transportation sector.

Global packaging machinery market size was valued at $43,520.0 million in 2020, and is projected to reach $69,218.0 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.

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In addition, the market growth is further driven by the booming e-commerce sector. The increasing implementation of networking architectures, servos, and robotic applications is among the key aspects fueling the growth of packaging machinery market. This trend is expected to create lucrative opportunities for OEMs to better respond to the requirement for increased automation by replacing conventional pneumatic machinery with advanced electromechanical systems.

Filling machines are the most dominant machine type of the overall packaging machinery market in 2020. Filling machines are highly used in the food & beverage industry either to fill a bottle or a pouch depending on the product. Filling machines increase precision in filling containers according to net weight and size.

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Filling machines used in end-user industries vary upon the specific needs of the industry as there is no single type of filling machine available to fill different types of liquid, solid, or powder. Cleaning & sterilizing machine is expected to be the fastest growing machine type segment, growing at a CAGR of 7.3% by 2027. Cleaning machines are used to clean contaminants from bottles prior to the introduction of the product. These machines have wide applications in the food, beverages, and pharmaceutical industries.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging packaging machinery market trends and dynamics.
• By end user, the food & beverages segment dominated the packaging machinery market, in terms of revenue in 2020 and is projected to grow at a CAGR 5.1% during the forecast period.
• By type, the filling machines segment led the packaging machinery market in 2020.
• Asia-Pacific region is projected to register the highest growth rate in the coming years.
• The key players within the packaging machinery market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the packaging machinery industry.
• The report provides an extensive analysis of the packaging machinery market trends and emerging opportunities of the market.

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Market 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, and The Adelphi Group of Companies.
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