Packaging Machinery Market Share 2023: Size, Growth, Trends, Industry Forecast, Top Companies, and Report 2028

The latest report by IMARC Group, titled "Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global packaging machinery market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global packaging machinery market size reached US$ 52.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Packaging machinery represents devices and instruments that are used for packing various products and components. They generally utilize seals, films, wraps, forms, packages, etc., to ensure the safety of packaged goods by protecting them against biological contamination. Packaging machinery aid in product differentiation and enhancing the overall appearance while extending their shelf life. They include numerous process operations, such as fabrication, filling, sealing, cleaning, combining, labeling, palletizing, overwrapping, etc. In line with this, packaging machinery find extensive applications across several industries, including food and beverage(F&B), chemical, personal care, etc.

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Global Packaging Machinery Market Trends:

The expanding fast-moving consumer goods (FMCG) sector is among the key factors stimulating the packaging machinery market. Furthermore, the growing utilization of packaging solutions in the manufacturing of over-the-counter pharmaceuticals and these goods, as they protect the packaged items from biological contamination, physical damage, degradation, and counterfeiting in an efficient manner, is positively influencing the global market. Apart from this, the escalating demand for flexible, lightweight, and easy-to-carry packages among individuals is acting as another significant growth-inducing factor.

Moreover, the increasing consumer inclination towards the consumption of convenience and ready-to-eat food products, on account of the sedentary lifestyles and hectic schedules of working professionals, is also propelling market growth. Besides this, the introduction of energy-efficient packaging machinery is further catalyzing the global market. Additionally, leading manufacturers are engaging in mergers and acquisitions (M&A) activities to expand and improve the efficiency of their existing production facilities, which is expected to fuel the packaging machinery market over the forecasted period.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/packaging-machinery-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• 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
• Harland Machine Systems Ltd.

Key Market Segmentation:

Breakup by End-Use:

• Food
• Beverages
• Pharmaceutical and Personal Care
• Chemicals
• Others

Breakup by Machine Type:

• Filling Machines
• FFS (Form, Fill and Seal) Machines
• Cartoning Machines
• Palletizing Machines
• Labeling Machines
• Wrapping Machines
• Cleaning & Sterilizing Machines
• Others

Breakup by Technology:

• General Packaging
• Modified Atmosphere Packaging
• Vacuum Packaging

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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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.