Packaging Machinery Market - Global Forecasts to 2030: Shrink-Wrapping Machines are Key for Growth, Asia-Pacific to Spearhead - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Packaging Machinery Market by Type, by Function, Automation, End-use and Geography - Global Forecasts to 2030" report has been added to ResearchAndMarkets.com's offering.

The global packaging machinery market is projected to reach $ 62.43 billion by 2030, at a CAGR of 5.4% from 2023 to 2030. Based on volume, the global packaging machinery market is projected to reach 13,603 thousand units by 2030, at a CAGR of 6.2% from 2023 to 2030.

Packaging machines are heavy-duty machines that are used to pack goods, items, and other various products. The machinery varies according to the functional requirement, such as filling and capping. Also, it performs other business-critical tasks such as item coding, labeling, and handling across various industries such as food & beverage, healthcare & pharmaceuticals, and cosmetics & personal care. Moreover, several other tasks, such as filling, wrapping, and sealing, are also performed by packaging machinery to protect products from transportation and storage.

The growth of this market is driven by the increase in goods manufacturing across industries, favorable government regulations for product safety, and technological advancements in fill-finish manufacturing processes. However, high initial costs associated with installing packaging machinery and stringent regulations to limit plastic usage restrain the growth of the global packaging machinery market. The rising foodborne diseases and increasing demand for processed and packaged products are expected to create growth opportunities for the players operating in this market. However, the lack of skilled operators is a major challenge for market growth.

Based on type, the global packaging machinery market is segmented into carded packaging machines, cartoning machines, case erectors, filling machines, stretch wrappers, shrink wrapping machines, case packers, labeling machines, bottle packaging machines, and other packaging machines. The shrink-wrapping machines segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to growing exports and imports worldwide and the benefits of shrinking packaging.

Based on function, the global packaging machinery market is segmented into single-function and multi-function. The multi-function segment is projected to register the highest CAGR during the forecast period due to the capabilities of machines to perform various tasks such as vertical form-filling-sealing, horizontal packing, bag placing, and rotary packing.

Based on automation mode, the global packaging machinery market is segmented into automatic packing machines and semi-automatic packing machines. The automatic packing machines segment is projected to register the highest CAGR during the forecast period. Automatic packing machines help companies increase their volumes by automating the feeding and assembly of the products for packaging processes, reduce labor costs and minimize waste, leading to significant cost savings over time.

Based on end-use industry, the global packaging machinery market is segmented into food & beverages, healthcare & pharmaceuticals, agriculture, chemicals, personal care, consumer electronics, apparel & footwear, and other end-use industries. The healthcare & pharmaceuticals segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the implementation of stringent regulations on product labeling and safety concerns.

Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market is attributed to several factors, including governmental initiatives to promote the adoption of environmentally sustainable packaging, consistent advancements in packaging technology by industry leaders, and expansion in the food sector.

Key Questions Answered in the Report:

• Which are the high-growth market segments in terms of type, function, automation mode, end-use industry and geography?
• What is the historical market size for packaging machinery across the globe?
• What are the market forecasts and estimates for the period 2023-2030?
• What are the major drivers, restraints, opportunities, and challenges in the global packaging machinery market?
• Who are the major players in the market, and what are their market shares?
• How is the competitive landscape for the global packaging machinery market?
• What are the recent developments in the global packaging machinery market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global packaging machinery market, and how do they compete with other players?

Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)

• Krones AG (Germany)
• TETRA PAK INTERNATIONAL S.A. (Switzerland)
• Adelphi Group of Companies (U.K.)
• FUJI MACHINERY CO. Ltd. (Japan)
• Syntegon Technology GmbH (Germany)
• SIG Group AG (Switzerland)
• Barry-Wehmiller Group Inc. (U.S.)
• COESIA S.P.A. (Italy)
• Marchesini Group S.p.A. (Italy)
• KHS GmbH (Italy)
• GEA Group Aktiengesellschaft (Germany)
• MULTIVAC Sepp Haggenmuller SE & Co. KG (Germany)
• OPTIMA Packaging Group GmbH (Germany)
• ISHIDA CO. Ltd. (Japan)
• Omori Machinery Co. Ltd. (Japan)
• TNA Australia Pty Limited (Australia).

Market Insights

• Market Dynamics (Impact Analysis of Market Drivers, Restraints, Opportunities, Challenges, and Trends)
• Impact Analysis
• Case Studies
• Client: Eve Taylor (London) Limited (U.K.)
• Client: Zep UK Ltd. (U.K.)
• Porter's Five forces Analysis
• Value Chain

Scope of the Report

Packaging Machinery Market, by Type

• Carded Packaging Machines
• Blister Packaging Machines
• Clamshell Packaging Machines
• Skin Packaging Machines
• Cartoning Machines
• Horizontal Cartoning Machines
• Vertical Cartoning Machines
• Case Erectors
• Filling Machines
• Agitator Fillers
• Flow Fillers
• Vertical Form-fill-seal Machines
• Other Filling Machines
• Stretch Wrappers
• Orbital Wrappers
• Ring Straddle Wrappers
• Straddle Wrappers
• Turntable Wrappers
• Shrink Wrapping Machines
• Case Packers
• Labelling Machines
• Bottle Packaging Machines
• Other Packaging Machines

Packaging Machinery Market, by Function

• Single Function
• Multi-function

Packaging Machinery Market, by Automation Mode

• Automatic Packing Machines
• Semi-automatic Packing Machines

Packaging Machinery Market, by End-use Industry

• Food & Beverages
• Dairy
• Beverages
• Alcoholic Beverages
• Non-alcoholic Beverages
• Snack Foods
• Chips
• Nuts and Seeds
• Other Snacks
• Meat, Poultry, and Seafood
• Other Products
• Healthcare & Pharmaceuticals
• Dietary Supplements
• Functional foods
• Medicine
• Pills & Capsules
• Medical Devices and Supplies
• Medical Testing Kits
• Agriculture
• Fertilizers
• Seeds
• Pesticides
• Chemicals
• Powders
• Liquid
• Granules
• Personal Care
• Fragrances
• Decorative Cosmetics
• Body Care
• Hair Care
• Consumer Electronics
• Apparel & Footwear
• Other End-use Industries

Packaging Machinery market, by Geography

• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia & New Zealand
• Rest of Asia-Pacific
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Denmark
• Netherlands
• Rest of Europe
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• UAE
• Israel
• Saudi Arabia
• Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/igi9ac

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