Packaging Machinery Market to be Worth $66.14 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Nov. 9, 2022 /PRNewswire/ -- The global packaging machinery market size is expected to reach USD 66.14 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 4.6% over the forecast period. A significant increase in the demand for convenience food products is driving industry growth. Convenience food includes all types of packaged food products. The demand for packaged food is mainly contributed by the millennial and gen-z customers who are more inclined towards ease and convenience. The industry growth is also attributed to the rising need for differentiation in retail shops since customers are demanding greater product diversity and a wider range of products.

Key Industry Insights & Findings from the report:

• The form-fill-seal segment is expected to register the fastest CAGR during the forecast period. Many businesses prefer to use FFS systems as they provide additional advantages, such as versatility and speed.
• The need to store a variety of clinical products has resulted in high demand for carton machines from the healthcare sector, which is expected to generate profitable growth opportunities for this industry.
• The food end-use segment held the largest revenue share in 2021 owing to the increased demand for packaged food products brought on by improving standards of lifestyle, rising disposable income, and a growing middle-class population.
• Asia Pacific is estimated to be the largest as well as the fastest-growing regional market due to the rising need for highly integrated & automated equipment and favorable packaging & labeling laws in the region.
• In September 2020, Krones AG, in partnership with Innocent (Fresh Trading Ltd.), built a new CO2-neutral bottling plant in the Port of Rotterdam. Innocent has invested around USD 250 million in the bottling plant.

Read 152 page full market research report, "Packaging Machinery Market Size, Share & Trends Analysis Report By Machine-type (Filling, Labelling, Form-Fill-Seal), By End-use (Pharmaceuticals, Food, Beverages), By Region (APAC, Europe), And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Packaging Machinery Market Growth & Trends

Packaging differentiation calls for the attention of the customer by using unique sizes, shapes, and materials. This subsequently leads to an increasing inclination of manufacturers toward unique packaging styles and drives product growth. Packaging equipment is used in the pharmaceutical industry for packaging medicines and drugs in a safe environment. The pharma industry has witnessed significant growth over the last decade owing to the increased demand for pharmaceutical drugs in BRICS and MIST countries. The development of new generic drugs and medicines has also fueled the pharma industry's growth. The growing e-commerce industry across the world, rising internet penetration & number of e-commerce players, changing lifestyles, and developments in logistics are facilitating the growth of e-commerce shopping.

Packaging equipment is required throughout the e-commerce supply chain stages. Therefore, a rise in the e-commerce industry is expected to propel the packaging equipment industry growth over the forecast period. The market experienced a setback during the COVID-19 pandemic. As a result of supply chain disruption and lack of workforce availability, product demand was impacted. A high number of COVID-19 cases across the globe affected consumer shopping at retail shops and convenience stores. Key companies are actively focusing on strategies, such as technological developments, joint ventures, mergers, and acquisitions, to strive in the competitive industry. In Feb 2022, SIG Combibloc Group Ltd. acquired packaging company, Scholle IPN. It enables SIG to offer sustainable low-carbon packaging solutions across various product types and sizes.

Packaging Machinery Market Segmentation

Grand View Research has segmented the global packaging machinery market on the basis of machine-type, end-use, and region:

Packaging Machinery Market - Machine-type Outlook (Revenue, USD Billion, 2017 - 2030)

• Filling
• Labeling
• Form-Fill-Seal
• Cartoning
• Wrapping
• Palletizing
• Bottling Line
• Others

Packaging Machinery Market - End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others

Packaging Machinery Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Spain
• Italy
• Russia
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
• UAE

List of Key Players of Packaging Machinery Market

• Langley Holding plc
• Maillis Group
• Rovema GmbH
• Douglas Machine Inc.
• KHS Group
• SIG
• Tetra Laval International S.A.
• Krones AG
• I.M.A. Industria Macchine Automatiche S.p.A.
• Syntegon Technology GmbH
• ProMach
• GEA Group Aktiengesellschaf
• Sacmi
• Coesia S.p.A.
• Duravant

Check out more related studies published by Grand View Research:

• Beverage Carton Packaging Machinery Market - The global beverage carton packaging machinery market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising awareness pertaining to the adverse environmental effects of plastic waste is expected to drive the demand for green packaging materials, in turn, benefitting market growth.
• Food Packaging Equipments Market - The global food packaging equipment market size is estimated to surpass USD 60.40 Billion by 2025. It is anticipated to expand at a CAGR 4.87% over the forecast period. Growing demand for convenient, packaged, processed, and ready-to-eat food products is favoring the packaging industry, especially in emerging regions like Asia Pacific. This factor is anticipated to bode well for market growth in the forthcoming years.
• Paper Packaging Materials Market - The global paper packaging materials market is expected to reach USD 391.17 billion by 2022, according to a new report by Grand View Research, Inc. Rapid development of fast food and frozen food industries particularly in emerging markets of Asia Pacific and Middle East & Africa is expected to remain a key driving factor for global paper packaging materials market over the forecast period. Environmental concerns associated with plastics packaging for food & beverages are also expected prompt demand for paper packaging materials over the next seven years. Governments across various regions have been implementing stringent regulations. Novel technologies related to paper recycling and extensive R&D to develop superior quality products are expected to create new avenues for market participants.

Browse through Grand View Research's Food Safety & Processing Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc