Packaging Equipment Market Size Forecasted To Achieve $67.2 Billion By 2029 With Steady Growth

The Packaging Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Packaging Equipment Market Size During the Forecast Period?
Over the past few years, the market size for packaging equipment has experienced significant growth. The forecast predicts an increase from $44.17 billion in 2024 to $46.59 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.5%. The historic period's growth can be traced back to the increased focus on efficiency, the needs in the health care and pharmaceutical sectors, urbanization and consumer demand, advancements in smart packaging and tight regulations.

The size of the packaging equipment market is projected to witness robust expansion in the coming years, reaching $67.2 billion by 2029, with a remarkable 9.6% compound annual growth rate (CAGR). The growth during this prediction period can be credited to factors such as cost-effectiveness and performance, growth in healthcare and pharmaceutical sectors, the emergence of smart packaging, fast-paced urbanization, and emphasis on food safety and hygiene along with customization and adaptability. Key trends for the same forecast period include the incorporation of automation and industry 4.0, initiatives towards sustainability, customization, and flexibility, advancements in smart packaging technology, and maintaining consumer safety and hygiene norms.

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What Are the Major Segments in the Packaging Equipment Market?
The packaging equipment market covered in this report is segmented -

1) By Product: Fillers, Form Fill Seal, Lapping, Labeling, Coding, Bottling line
2) By Technology: General Packaging, Modified Atmosphere Packaging, Vacuum Packaging
3) By Application: Food And Beverage, Pharmaceuticals, Chemicals, Personal Care

Subsegments:
1) By Fillers: Liquid Fillers, Dry Fillers, Paste Fillers, Gravity Fillers
2) By Form Fill Seal (FFS): Vertical Form Fill Seal Machines: Horizontal Form Fill Seal Machines
3) By Lapping: Manual Lappers, Automatic Lappers
4) By Labeling: Automatic Labeling Machines, Semi-Automatic Labeling Machines, Labeling Systems For Different Container Types
5) By Coding: Inkjet Coders, Laser Coders, Thermal Transfer Coders
6) By Bottling Line: Bottle Rinsers, Fillers, Cappers, Labelers

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What Are The Driving Packaging Equipment Market Evolution?
Rising demand for versatile and unified packaging machinery is likely to fuel the expansion of the packaging equipment market in the future. Versatile and unified packaging machinery involves devices that process film into various forms like filled bags, sticks, pouches, etc. It's a comprehensive system for packaging goods that ensures safety, cost-effectiveness, and efficient transport throughout the entire supply chain. This ultimately results in maximizing consumer value, sales, and consequently profits, creating a substantial demand for packaging equipment. As an illustration, in October 2022, The Association for Packaging and Processing Technologies (PMMI), a US packaging industry association, issued a report showing an 11.2% increase in domestic shipments of packaging machinery and bringing the total category value to $10.5 billion. The report also indicated a surge in converting machinery, with a 9.5% growth in domestic shipments, reaching a total of $1.1 billion. Thus, the escalating demand for versatile and unified packaging machinery is a key driver in the expansion of the packaging equipment market.

Which Firms Dominate The Packaging Equipment Market Segments?
Major companies operating in the packaging equipment market include Barry-Wehmiller Companies Inc., Coesia S.p.A., Krones AG, Robert Bosch Packaging Technology GmbH, Douglas Machine Inc., Dover Corporation, Illinois Tool Works Inc., Amcor plc, GEA Group AG, Graphic Packaging Holding Company, Duravant LLC, Sacmi Imola S.C., Marchesini Group S.p.A., Garvey Corporation, Accutek Packaging Equipment Companies Inc., Adelphi Group Ltd., Arpac LLC, Oystar Holding GmbH, Berhalter AG, Multivac Inc., Nichrome India Ltd., Cougar Packaging Solutions Inc., Fuji Machinery Co. Ltd., Omori Machinery Co. Ltd., Harland Machine Systems Ltd., IMA S.p.A., Ishida Co. Ltd., KHS GmbH, Kyana Packaging & Industrial Supply Inc., Practical Packaging Solutions, R.A Jones & Co. Inc.

What Trends Are Expected to Dominate the Packaging Equipment Market in the Next 5 Years?
The prominent trend of technological innovations is escalating in the packaging equipment market. Key market players are focusing on developing novel technologies to maintain their dominance in the market. For example, a US-based company known for its high-performing automated packaging systems, Viking Masek Packaging Technologies, introduced 4SC-235 in 2022, a pioneering automated pouch packaging machine specifically designed for smaller businesses. This invention of 4SC-235 prefabricated pouch machine has opened doors to a new set of clients for Viking Masek. Additionally, it also offers a compact, yet incredibly efficient, premade pouch packaging solution to its old, trusted clientele.

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Which Is The Largest Region In The Packaging Equipment Market?
Asia-Pacific was the largest region in the packaging equipment market in 2024. The regions covered in the packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Packaging Equipment Market?
2. What is the CAGR expected in the Packaging Equipment Market?
3. What Are the Key Innovations Transforming the Packaging Equipment Industry?
4. Which Region Is Leading the Packaging Equipment Market?

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