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Packaging Equipment Market Analysis 2023 Application, Size, Share, Segmentation and Regional Growth forecast 2032 SWOT Analysis by Key Players - Barry Whemiller, Coesia S.p.A., Krones AG, Bosch Packaging Technology, Douglas Machine Inc
Packaging Equipment Global Market
Packaging Equipment Market Size, Growth Rate, And Forecast
The global packaging equipment market size is expected to grow from $39.93 billion in 2022 to $42.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global packaging equipment market size is expected to grow to $52.74 billion in 2027 at a CAGR of 5.7%.
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Packaging Equipment Market Drivers
The growing need for flexible and integrated packaging machinery is expected to propel the growth of the packaging equipment market going forward. Flexible and integrated packaging machinery refers to equipment that processes a film to produce filled bags, sticks, pouches, and others. It is a coordinated system of preparing goods for safe, economical, and efficient movement throughout the entire supply chain, ultimately leading to the maximization of consumer value, sales, and consequently profits, thus, also creating significant demand for packaging equipment.
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Packaging Equipment Market Segments
1) By Product: Fillers, Form Fill Seal, Lapping, Labelling, Coding, Bottling line
2) By Technology: General Packaging, Modified Atmosphere Packaging, Vacuum Packaging
3) By Application: Food & Beverage, Pharmaceuticals, Chemicals, Personal Care
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Packaging Equipment market.
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Packaging Equipment Market Key Players
Major competitors in the Packaging Equipment market include Barry Whemiller, Coesia S.p.A., Krones AG, Bosch Packaging Technology, Douglas Machine Inc., Dover Corporation, Illinois Tool Works, Amcor Plc
The Table Of Content For The Packaging Equipment Market Include:
1. Executive Summary
2. Packaging Equipment Market Characteristics
3. Packaging Equipment Market Trends And Strategies
4. Packaging Equipment Market - Macro Economic Scenario
5. Packaging Equipment Market Size And Growth
……
27. Packaging Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Packaging Equipment Market
29. Packaging Equipment Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Packaging Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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