Packaging Machinery Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Machinery Type (Filling And Form Machinery, Labelling And Coding Machines, Wrapping Machines, Case Forming Machines, Conveyors, Others), By Technology (General Packaging, Modified Atmosphere Packaging, Vacuum Packaging), By End-User Industry (Food And Beverages, Pharmaceuticals And Healthcare, Consumer Electronics, Personal Care, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Nov 2022
  • Report Code : KSI061610046
  • Pages : 142

The packaging machinery market is projected to grow at a CAGR of 3.05% to reach a market size of US$51.740 billion in 2027 from US$41.939 billion in 2020.

Packaging machinery is used to package final products or components made in a variety of industries, including automotive, food and beverage, pharmaceuticals, electronics, and cosmetics. Urbanization and rising disposable incomes are driving people to raise the demand for packaged products. The packaged products are considered safe and free from damage that could occur during the transit of the products.

This is the major demand driver for packaging machinery. Furthermore, the rapid technological innovations and advancements in packaging equipment due to investments by companies are also fueling the demand for packaging machinery. For instance, Syntegon Technology will be unveiling two of its latest packaging technologies at Interpack 2020 (International Packaging Fair) in May 2020. The company is aiming to achieve a sustainability goal with this launch. Also, automation-led breakthroughs in the packaging machinery market are expected to boost the demand for such equipment.

The development of novel products across various industries is expected to boost the demand for packaging machinery in the forecast period. Leading companies in pharmaceuticals, food and beverages, and consumer electronics are investing huge sums in research and development to invent new products or innovate existing products. This is driving the need for sophisticated machinery to package such products effectively and efficiently. One such example is, that Merck invested nearly €63 million as part of a € 1 billion investment plan up to 2020 to transform the Darmstadt site, which will be dedicated to the packaging and shipping of the company’s pharma medicines.

Additionally, the expansion of e-commerce companies like Amazon and restaurant aggregators like Zomato, and Uber is also raising the demand for the packaging of more products while maintaining their integrity.

Another driver of this market is the rising number of ailments and consequential health-related concerns. The number of geriatric people is rising across various countries like Japan, which is catalyzing the growth of the pharmaceutical industry. On top of that, the spread of pandemics and increasing cases of chronic diseases are also making the consumption of packaged and secured products more popular.

Geographically, the Asia-Pacific region is expected to share the major portion of this market with a high CAGR over the forecast period. This growth is backed by the increasing demand for food, medicine, electronics, and other packaged products due to the growing population in this region. The European region is also expected to hold a significant share of this market owing to the strict regulatory environment with regard to the safety of the products. The American region is also expected to witness a high growth rate due to the rising healthcare expenditure of the population.

Key Developments

  • In June 2022, ProMach, a well-known packaging machinery solution acquired Reepack a leading manufacturer of high-quality flexible packaging machinery. This acquisition adds a new flexible packaging portfolio to ProMach company. Further, this addition brings expansion for the acquirer company in the food packaging industry.
  • Through the integration of a faster, highly reliable, and technologically advanced system coupled with double dosing units, the GEA re-engineered the H-Packer SO Plus packaging machine in May 2022. This re-engineered version of the machinery enables the pasta manufacturers to increase their product flow and ensures smooth filling in the packaging process.
  • In June 2022, Mondi partnered with EW technology to launch a new machine for paper pallet wrapping. Mondi is a UK-based packaging and paper company that had partnered with Austrian mechanical engineering company EW technology to launch a new machine for efficient and sustainable paper pallet wrapping.

COVID-19 Impact on Packaging Machinery Market

The COVID-19 pandemic had a negative impact on the growth of the packaging machinery market in 2020. This is predominantly a result of the drop in demand for different industries like cosmetics, chemicals, logistics, and many more due to the pandemic. The demand for non-essential goods was reduced due to the changes in consumer behavior. During the pandemic period, preference was given to essential goods thus, the cosmetic, chemical, and logistic industries witnessed a reduction in demand. These market conditions partially impacted the revenues of packaging machinery companies. For instance, GEA’s revenue went down from EUR 4,879.7 million in 2019 to EUR 4,635.1 million in 2020.

Packaging Machinery Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$41.939 billion
 Market Size Value in 2027  US$51.740 billion
 Growth Rate  CAGR of 3.05% from 2020 to 2027
 Base Year 2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Machinery Type, Technology, End-User Industry, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Syntegon Technology GmbH, EDL Packaging Engineers, GEA Group, Barry-Wehmiller, Krones AG, Ilapak, OCME s.r.l., Tetra Laval, Signode Industrial Group, Mondi, FUJI MACHINERY CO.,LTD
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Machinery Type
    • Filling and Form Machinery
    • Labelling and Coding Machines
    • Wrapping Machines
    • Case Forming Machines
    • Conveyors
    • Others
  • By Technology
    • General Packaging
    • Modified Atmosphere Packaging
    • Vacuum Packaging
  • By End-User Industry
    • Food and Beverages
    • Pharmaceuticals and Healthcare
    • Consumer Electronics
    • Personal Care
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • The Middle East and Africa
      • UAE
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

The packaging machinery market is expected to reach a market size of US$51.740 billion in 2027.
The global packaging machinery market is projected to grow at a CAGR of 3.05% over the forecast period.
The development of novel products across various industries is expected to boost the packaging machinery market growth in the forecast period.
Packaging Machinery Market was valued at US$41.939 billion in 2020.
Geographically, the Asia-Pacific region is expected to hold a significant share of the packaging machinery market.

1. Introduction

1.1. Market Introduction 

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. Research Methodology

2.1. Research Data

2.2. Assumptions

 

3. Executive Summary

3.1. Research Highlights

 

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. Packaging Machinery Market Analysis, by Machinery Type

5.1. Introduction 

5.2. Filling and Form Machinery

5.3. Labelling and Coding Machines

5.4. Wrapping Machines

5.5. Case Forming Machines

5.6. Conveyors

5.7. Others

 

6. Packaging Machinery Market Analysis, by Technology

6.1. Introduction

6.2. General Packaging

6.3. Modified Atmosphere Packaging

6.4. Vacuum Packaging

 

7. Packaging Machinery Market Analysis, by End-User Industry

7.1. Introduction 

7.2. Food and Beverages

7.3. Pharmaceuticals and Healthcare

7.4. Consumer Electronics

7.5. Personal Care

7.6. Others

 

8. Packaging Machinery Market Analysis, by Geography

8.1. Introduction 

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. UK

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. UAE

8.5.2. Saudi Arabia

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia 

8.6.6. Others

 

9. Competitive Environment and Analysis

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. Company Profiles

10.1. Syntegon Technology GmbH 

10.2. EDL Packaging Engineers

10.3. GEA Group

10.4. Barry-Wehmiller

10.5. Krones AG

10.6. Ilapak

10.7. OCME s.r.l.

10.8. Tetra Laval

10.9. Signode Industrial Group

10.10. Mondi

10.11. FUJI MACHINERY CO.,LTD


Syntegon Technology GmbH

EDL Packaging Engineers

GEA Group

Barry-Wehmiller

Krones AG

Ilapak

OCME s.r.l.

Tetra Laval

Signode Industrial Group

Mondi

FUJI MACHINERY CO.,LTD