NEW YORK, May 10, 2021 /PRNewswire/ --
The packaging machinery market is expected to grow by USD 12.25 billion, progressing at a CAGR of almost 5% during the forecast period.
NEW YORK, May 10, 2021 /PRNewswire/ --
The packaging machinery market is expected to grow by USD 12.25 billion, progressing at a CAGR of almost 5% during the forecast period.
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The rising demand for packaging machinery from various end-users is one of the major factors propelling the market growth. However, contamination risks while packaging might hamper the market growth.
Packaging Machinery Market: Product Landscape
Based on the segmentation by product, the market witnessed maximum growth in the FFS machines segment. The growth of the segment can be attributed to the increasing demand for FFS machines from various end-user applications such as food, beverages, stationery, cosmetics, chemicals, medicines, and pharmaceuticals. The market growth in the segment will be significant during the forecast period.
Packaging Machinery Market: Geographic Landscape
By geography, APAC is going to have lucrative growth during the forecast period. About 41% of the market's overall growth is expected to originate from APAC. The growth of the packaging machinery market in APAC is driven by the rapid expansion of end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care. China and Japan are the key markets for packaging machinery in APAC. Market growth in this region will be slower than the growth of the market in MEA.
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Related Reports on Industrials Include:
Global Pouch Packaging Machinery Market - Global pouch packaging machinery market is segmented by product (HFFS, VFFS, and SUP) and geography (APAC, Europe, MEA, North America, and South America).
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Global Bottling Line Machinery Market - Global bottling line machinery market is segmented by application (PET, glass, and metal can) and geography (APAC, Europe, MEA, North America, and South America).
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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