Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Packaging Machinery Market size was over USD 49.86 billion in 2024 and is anticipated to cross USD 85.12 billion by 2037, witnessing more than 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of packaging machinery is assessed at USD 51.64 billion.
Machines are preferred over manual packaging as it is time saving, cost effective, and more hygienic. Moreover, machine packed products are more uniform in terms of quantity, size, and form. In addition to that, the wastage of packaging materials is minimum in machine packaging, which reduces the material cost along with reducing the labor expenses. Such features of packaging machinery are expected to boost the market growth throughout the forecast period. Furthermore, growing consumption of consumer goods and advancement in packaging technology is forecasted to further promote the market growth. Growing demand for sustainable packaging methods, to reduce single-use plastic waste is also anticipated to promote the market growth. In 2018, the United States, alone generated more than 14,500 thousand tons of plastic as municipal solid waste. Out of this, only a small amount of around 1800 thousand tons of this waste was recycled. On the other hand, in the same year, more than 40,000 thousand tons of paper and cardboard packaging waste was generated, out of which, 33,500 thousand tons waste was recycled.
Packaging Machinery Sector: Growth Drivers and Challenges
Growth Drivers
- Features, such as, High Packaging Speed and Uniformity Likely to Boost the Market Growth
- Increasing Demand for Packaging in Supply-Chain Activities for Various End-User Industries to Promote Market Growth
Challenges
- High Capital Investment and Maintenance Cost of Packaging Machinery Likely to Hamper the Market Growth
Packaging Machinery Market: Key Insights
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.2% |
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Base Year Market Size (2024) |
USD 49.86 billion |
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Forecast Year Market Size (2037) |
USD 85.12 billion |
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Regional Scope |
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Packaging Machinery Segmentation
The global packaging machinery market is segmented on the basis of type into automatic, semi-automatic, and manual, out of which, the automatic segment is anticipated to hold a major market share during the forecast period on the back of rising inclination towards application n of computer operated machines. Automatic machines offer the benefit of uniform packaging of product, along with employing less labor force, which is likely to reduce the production cost for the major market players, which, in turn, is estimated to boost the segment growth. On the basis of end-user, the market is segmented into food & beverages, pharmaceuticals, personal care & cosmetics, and others, among which, the food & beverages segment is foreseen to garner the highest market share over the forecast period owing to the vast application for packaging machinery in the food and beverages industry. This include various forms of products, such as, powdered (spices, salt, powdered milk, and others), liquid (juice, milk, soda, soft drinks, and others), semi-solid (yoghurt, salad dressings, jam, mayonnaise, and others) and solid products (fruits and vegetables, grains, ready-to-eat food, poultry and meat, nuts, and others), which requires efficient packaging techniques, which are hard to acquire manually. This, in turn, raises the demand for packaging machinery.
Our in-depth analysis of the global packaging machinery market includes the following segments
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By Type |
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By Product Type |
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By Organization Size
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By End-User
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Vishnu Nair
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Packaging Machinery Industry - Regional Synopsis
Asia Pacific industry is poised to dominate majority revenue share by 2037, driven by rising demand for packaging machineries by the major food & beverages manufacturers present in the region. Moreover, increasing government investment in the manufacturing industries in developing countries, such as, China and India, along with the availability of a large consumer base, is anticipated to drive the market growth.
North America Market Analysis
The packaging machinery market in the North America is projected to hold a significant share throughout the forecast period owing to the presence of leading market players in the region backed by the growing manufacturing sector. Moreover, the market in countries, such as, USA, and Canada are export-oriented, which magnifies the need for proper packaging of the products in order to minimize the damage that may occur during transportation. According to the World Bank, the goods and services export in the U.S. valued USD 3.068 trillion, in the year 2019. Moreover, due to lack of cheap labor in the region, consumer goods manufacturers prefer packaging machinery to reduce total production cost, which is estimated to boost the market growth.
Companies Dominating the Packaging Machinery Landscape
- Barry-Wehmiller Companies
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Automated Packaging Systems, Inc.
- Aetnagroup S.p.A.
- Nichrome Packaging Solutions
- Coesia S.p.A.
- GEA Group Aktiengesellschaft
- Illinois Tool Works Inc.
- Krones AG
- Serpa Packaging Solutions
- Syntegon Technology GmbH
- Report ID: 82
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
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