Packaging Machinery Global Market Size is Expected to Reach $59.19 Billion By 2028 with CAGR of 6.5%

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Packaging Machinery Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The packaging machinery market size has grown strongly in recent years. It will grow from $43.76 billion in 2023 to $46.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased global population and consumer demand, growth in food and beverage industry, expansion of e-commerce and retail packaging, emphasis on automation and efficiency in packaging, demand for sustainable and eco-friendly packaging solutions.

The packaging machinery market size is expected to see strong growth in the next few years. It will grow to $59.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to adoption of smart and iot-enabled packaging machinery, expansion of personal care and cosmetics packaging market, research and development in flexible and sustainable packaging technologies, need for customized and specialized packaging solutions, emphasis on packaging machinery for pet food and animal care products. Major trends in the forecast period include robotic packaging automation, sustainable packaging solutions, advanced labeling and printing equipment, packaging machinery for e-commerce and parcel services, aseptic packaging technology.

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Key Market Players:

Aetna Group S.p.A., B&H Manufacturing Company Inc., Barry-Wehmiller Companies Inc., CKD Corporation, Coesia S.p.A., Bosch Packaging Technology (part of Robert Bosch GmbH), Krones Group, Marchesini Group S.p.A., Berhalter AG, Adelphi Group of Companies, Fuji Machinery Co. Ltd., Great Pack Co. Ltd., Ishida Co. Ltd., Sanko Machinery Co. Ltd., Pro Mach Inc., Multivac Group, Tetra Laval International S.A., Robert Bosch GmbH, IMA Group S.p.A., Duravant LLC, Oystar Holding GmbH, Accraply Inc., KHS GmbH, Langley Holdings plc, PMI Cartoning Inc., Bradman Lake Group Ltd., ADCO Manufacturing, Schneider Packaging Equipment Co. Inc., Omori Machinery Co. Ltd., Rovema GmbH, Smurfit Kappa Group, Hangzhou Youngsun Intelligent Equipment Co. Ltd. are prominent players in the industry.

Market Drivers:

The increasing demand for packaged food and beverages is expected to propel the growth of the packaging machinery market going forward. The changing lifestyles of consumers have led to high demand for processed and convenience food and beverage products. In emerging countries, the expanding working population has a greater need for processed foods and higher consumption of convenience foods. Also, due to COVID-19, eating preferences, consumers' attitudes, behaviors, and purchasing habits have changed, leading to the adoption of packaged food and beverages. For instance, in July 2021, according to Bizom data, an end-to-end CPG sales and distribution analytics platform showed the demand for packaged food sales grew by 95% year on year, led by ready-to-eat products and soaring out-of-home consumption. Therefore, the increasing demand for packaged food and beverages is driving the growth of the packaging machinery market.

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Market Segments Include:
1) By Machine Type: Filling, Labeling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line
2) By Technology: General Packaging, Modified Atmosphere Packaging, Vacuum Packaging
3) By Business: OEM, Aftermarket
4) By End-Use: Beverages, Food, Chemicals, Personal Care, Pharmaceuticals

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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