Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period 2022-2028: Ken Research

Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It plays a significant role in ensuring the safety of products and providing temper resistance packaging and facilitating the packaging of small sachets to big cartoons.

It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

According to Ken Research Analysis, the Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period (2022-2028) and is expected to reach nearly US$ 63 billion by 2028, owing to the increasing demand for consumer goods along with rising popularity of e-commerce platform to shop different products.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTEy

Growing Innovations and Advancements in Technology are some of the factors driving the market growth.

The growing demand for highly efficient packaging machines among end-user industries coupled with advancements in technologies such as robots, automation, and others to scale up the business efficiently, is likely to propel the growth of the market.
The rising demand for packaged food and beverages products along with increasing consumer spending on pharmaceutical and personal care products is expected to boost the demand for packaging and packaging machinery among end-users.

The Global Packaging Machinery Market faces challenges due to the Requirement for High Initial Investment

Advanced technology and automated packaging machines are highly expensive and require high initial investment which makes it difficult for small and medium-sized manufacturers to afford the packaging machinery, which may slow down market growth.

The COVID-19 pandemic negatively impacted the Packaging Machinery market initially due to the imposed lockdown, the demand and supply for packaging machinery got impacted. International packaging machine deliveries were delayed to curb the pandemic situation. In addition, COVID-19 affected consumer shopping at convenience and retail stores and also impacted the E-commerce sector due to which the demand for packaging and packaging machinery declined.

Key Trends by Market Segment:

By Machine Type:  Filling segment held the largest share of the Global Packaging Machinery Market in 2021, owing to the increasing demand for filling machines in various industries.

Filling machines are widely used to fill bottled water and other liquids, and are widely used in various end industries such as pharmaceuticals, food & beverages, chemicals, and others. The demand for different filling machines such as overflow filling machines, gravity filling machines, pump filling machines, piston filling machines, and others among end-users is anticipated to drive the growth of the segment in the market.

To more about industry trends, request a free Sample Report@  https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTEy

By Operations: Autonomous segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the growing demand for automated packaging machines among end-user industries to scale effectively while controlling the cost of operations.

The highly advanced autonomous packaging machinery offers various benefits including reduced labour cost, reduced damages, increased throughput and productivity, consistent packaging results, and others, which are attracting various end-users and are likely to boost the demand for the segment in the market.

By Technology: General Packaging segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to its simple operation and maintenance.

The demand for packaging various products including food & beverages, chemicals, personal care, and others efficiently in a shorter time is expected to propel the growth of the segment in the Global Packaging Machinery Market.

By End-User: Food and Beverages segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to surging demand for packaged food and beverages products as they are convenient and easy to carry.

Increased spending of consumers on packaged food products coupled with rising consumption of organic and healthy food items require special packaging, which in turn is expected to boost the demand for highly efficient packaging machineries.

By Distribution Channel: Direct segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the personalized experience of purchasing packaging machinery directly from the manufacturer.

The direct distribution channel ensures that there is no delay in delivery and it also ensures the authenticity of the product, which is attracting the end-users. The aforementioned factor is likely to boost the growth of the segment in the market.

By Geography: Asia-Pacific region accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to the rising consumption of packaged products and rising consumer purchasing power.

The increase in investment in the manufacturing sector from developing countries like India, China, and others coupled with the expansion of the food and beverages industry is expected to boost the demand for packaging as well as packaging machinery.

To more regional trends, request a free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTEy

Competitive Landscape

The Packaging Machinery Market is highly competitive with ~200 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Packaging Machinery.

Country-niche players comprise around 55% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Krones AG, Robert Bosch GmbH, Coesia, I.M.A. Industria Macchine Automatiche S.P.A., Langley Holdings plc, KHS Group, CKD Corporation, Barry-Wehmiller Companies, The Adelphi Group Of Companies, And Fuji Machinery Co.,Ltd., among others.

The leading global Packaging Machinery companies such as KHS Group, Coesia, Langley Holdings plc, and Krones AG are highly focused on strategic developments such as advanced feature packaging machine launches, joint ventures, acquisitions, partnerships, and others to grow in the market.

Recent Developments Related to Major Players

In August 2022, KHS Group boosted its packaging line and equipment with the 3D planning method. The 3D software helps demonstrate to the customers how the new packaging equipment would fit in their current facility. The company aims to depict machinery in 3D to improve the planning process and expand its product portfolio.
In April 2022, Langley Holdings plc received "The Queen's Award for Enterprise" for their business division Bradman Lake Ltd, the group's UK-based packaging machinery specialist. The Queen's Award shows that the company is committed to new product innovation to meet the demand of fast moving consumer market.

Conclusion

The Global Packaging Machinery Market(https://www.kenresearch.com/business-research/global-packaging-machinery-market-outlook-2028/) is forecasted to continue a moderate growth, primarily driven by the growing demand for Packaging Machinery in various industries such as food and beverages, pharmaceuticals, personal care, chemicals, and others. The increasing consumption of packaged goods coupled with the rising adoption of automated and advanced technology packaging machinery to efficiently pack products is anticipated to propel the growth of the Global Packaging Machinery Market. Though the market is highly competitive with over 200 participants, global players control the dominant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

The Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028( https://www.kenresearch.com/business-research/global-packaging-machinery-market-outlook-2028/) is segmented by machine type, operations, technology, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four region's Packaging Machinery Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

Machine Type

Filling
Labeling
Form-Fill-Seal
Cartoning
Wrapping
Palletizing
Bottling Line

By Operations

Autonomous
Semi-Autonomous

By Technology

General Packaging
Modified Atmosphere Packaging
Vacuum Packaging

By End User

Food and Beverages
Pharmaceuticals
Personal Care
Industrial and Chemicals

By Distribution Channel

E-Commerce
Direct

By Geography

North America (USA, Canada, and Mexico)
Europe (Germany, UK, France, Spain, and Italy)
Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)
LAMEA (Latin America, Middle East, and Africa)

Key Players

Krones AG
Robert Bosch Gmbh
Coesia
M.A. Industria Macchine Automatiche S.P.A.
Langley Holdings Plc
KHS Group
CKD Corporation
Barry-Wehmiller Companies
The Adelphi Group Of Companies
Fuji Machinery Co.,Ltd.

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.