Packaging Machinery Market Valued at $43.52 Billion in 2020, Expected to Reach $69.22 Billion by 2030 with a 4.7% CAGR

The 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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Packaging machinery plays a pivotal role in various industrial operations, encompassing functions like filling, case handling, packing, bottling, labeling, inspection and check weighing, wrapping, palletizing, and other related applications. It serves as the initial step in the transportation process and the final step in the manufacturing process, facilitating efficient product handling and distribution.

The market is witnessing a growing trend towards lean packaging operations, employing the overall equipment effectiveness (OEE) technique. This approach streamlines machinery standardization, leading to multiple benefits such as reduced purchasing costs and simplified troubleshooting and maintenance procedures.

The packaging industry is broadly categorized into packaging manufacturing, packaging services, and packaging machinery. Moderate market growth is anticipated due to purchasing rationalization and streamlined product timelines. Despite the challenges posed by the COVID-19 pandemic, the packaging industry has remained resilient, with many companies strategizing to improve production efficiency.

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Driving Factors

The demand for packaging machinery is being propelled by the logistics and transportation industry, which relies on efficient packaging to safeguard goods during transit. The continuous expansion of logistics and transportation services, coupled with the booming e-commerce sector, is expected to drive market growth significantly.

Restraining Factors

However, the market faces challenges such as high production and import costs, particularly for small and medium-sized enterprises. Integrated packaging solutions, while enhancing efficiency, can escalate overall production expenses, making it challenging for smaller companies to invest in advanced machinery. Moreover, import duties imposed by certain countries hinder the global market's growth potential.

Segmentation

In terms of machine type, the market encompasses various categories such as bottling lines, cartoning, case handling, filling & dosing, labeling, palletizing, and others. The case handling sub-segment is projected to dominate the market due to the widespread utilization of case handlers in warehouses and transportation. Meanwhile, labeling and filling & dosing sub-segments are expected to hold significant market shares.

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List of Key Companies

The global packaging machinery market boasts a diverse range of players, including:

Krones AG (Bavaria, Germany)

Robert Bosch Packaging Technology GmbH (Baden-Württemberg, Germany)

Coesia S.P.A. (Bologna, Italy)

I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)

Salzgitter AG (Salzgitter, Germany)

BW Packaging Systems (Illinois, U.S.)

Viking Masek Global Packaging (Wisconsin, U.S.)

Nichrome Packaging Solutions (Maharashtra, India)

Asian Packing Machinery Pvt. Ltd. (Haryana, India)

Aagard Group, LLC (Minnesota, U.S.)

MG America (New Jersey, U.S.)

Mollers North America (Michigan, U.S.)

Kalamazoo Packaging Systems (Michigan, U.S.)

Frain Industries, Inc. (Illinois, U.S.)

Sun Packaging Technologies, Inc. (Florida, U.S.)

VELTEKO s.r.o. (Central Bohemian, Czech Republic)

BLAŽEK (Central Bohemian, Czech Republic)

The Adelphi Group of Companies (West Sussex, U.K.)

Fuji Machinery Co., Ltd. (Aichi Prefecture, Japan)

SAMPACK India Pvt. Ltd. (Tamilnadu, India)

UnionPack International Co., Ltd. (Zhejiang, China)

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