Packaging Machinery Market size is set to grow by USD 15.5 billion from 2024-2028, increasing need for packaging machinery across different industries boost the market, Technavio

NEW YORK, May 30, 2024 /PRNewswire/ -- The global packaging machinery market  size is estimated to grow by USD 15.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.36%  during the forecast period. 

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Segment Overview 

1. End-user 
• 1.1 Food
• 1.2 Beverage
• 1.3 Pharmaceutical
• 1.4 Chemicals
• 1.5 Others
2. Product 
• 2.1 FFS machines
• 2.2 Labeling and coding machines
• 2.3 Closing and sealing machines
• 2.4 Wrapping and bundling machines
• 2.5 Others
3. Geography 
• 3.1 APAC
• 3.2 North America
• 3.3 Europe
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Food-  The packaging machinery market is anticipated to experience substantial growth due to the large share held by food packaging. The increase in packaged food sales worldwide is driving this demand. Consumer trends, including changing lifestyles and food habits, are boosting the packaged food industry. Rigid packaging solutions, such as canned food, are popular due to their long shelf-life and consumer appeal. High-impact graphics on packaging for seasonal and impulse purchases necessitate the use of digital printing technology. Food manufacturers use both rigid and flexible packaging to protect their products during transportation and improve shelf life. These factors collectively contribute to the growth of the global packaging machinery market.

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Market Driver

Packaging machinery market growth is driven by the widespread use of pneumatic technology. This technology enhances safety and functionality, offering cost-effective control and lightweight design. Pneumatics excel in high-speed movements like indexing, sorting, and pick-and-place functions. In cartoning machines, it indexes cartons, moves sealing devices, and forms folds. In FFS machines, it powers clamping devices and heat sealers. These applications boost market expansion during the forecast period. 

The packaging machinery market is experiencing significant growth, driven by the increasing demand for automated packaging solutions in various industries. Key trends include the use of advanced technologies such as robotics, film winding, and labeling systems. The market is also witnessing a shift towards sustainable packaging solutions, with biodegradable and recyclable materials gaining popularity.

Additionally, there is a rising demand for customized packaging solutions to cater to specific customer needs. The market is expected to continue its growth trajectory in the coming years, with key players focusing on innovation and product development to meet evolving industry requirements. 

Market Challenges

• Packaging machinery manufacturers face mandatory regulations from bodies like the BRC and IOP, requiring compliance with their Global Standards for Packaging and Packaging Materials. Good Manufacturing Practices (GMPs) ensure food contact safety and regulatory compliance, as per FDA 21CFR174.5 and EU Commission Regulation (EC) No 2023/2006. ISO 13849 outlines safety requirements. Compliance adds costs, impacting profit margins and market growth during the forecast period.
• The Packaging Machinery Market faces several challenges in the industry. One major challenge is the need for customization and flexibility in packaging solutions to cater to various product types and customer requirements. Another challenge is the increasing demand for sustainable and eco-friendly packaging solutions. Additionally, the market is witnessing a trend towards automation and digitization, requiring advanced technology integration in packaging machinery.
• Furthermore, cost pressures and regulatory compliance add to the complexity of the market. Lastly, the global nature of the market necessitates understanding and adapting to diverse cultural and logistical considerations.

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Research Analysis

The Packaging Machinery Market encompasses a range of automated equipment designed for various therapy areas, including Oncology and Respiratory. This market caters to diverse packaging needs, offering solutions for filling, case handling, packing, bottling, labeling, wrapping, palletizing, and more.

Advanced packaging machinery is employed for Canning, Container cleaning, Forming, Bagging, Unpacking, Sealing, and Lidding processes. These systems ensure a reliable packing line, enhancing productivity and efficiency in the manufacturing sector. The global Packaging Machinery Market continues to evolve, driven by advancements in technology and increasing demand for automated solutions.

Market Research Overview

The Packaging Machinery Market encompasses various types of machinery used for packaging products in industries. These include automate packaging systems, labeling machines, palletizing systems, and wrapping machines, among others. The market is driven by the increasing demand for automated packaging solutions in various sectors such as food and beverage, pharmaceuticals, and consumer goods.

The use of advanced technologies like robotics and IoT in packaging machinery is also fueling market growth. Additionally, the growing trend towards sustainable packaging is leading to the development of eco-friendly packaging solutions. The market is expected to grow significantly in the coming years due to these factors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• End-user
• Food
• Beverage
• Pharmaceutical
• Chemicals
• Others
• Product
• FFS Machines
• Labeling And Coding Machines
• Closing And Sealing Machines
• Wrapping And Bundling Machines
• Others
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio