The global packaging machinery market size to cross USD 64 billion by 2025, growing at a CAGR of 4% during the forecast period. The global market is likely to offer tremendous growth opportunities during the forecast period on account of rapid urbanization, the increasing preference among consumers for healthy and safe foods, increasing packaging goods consumption, and improving disposable income of people. The food & beverage industry dominates the market in terms of demand as well as revenue. Moreover, the increasing consumption of packaged goods and the growing demand for flexible packaging products from F&B manufacturers are propelling the growth of the market. The sustainable and vacuum packaging trend is expected to increase technological advances in the F&B segment.
The COVID-19 pandemic has affected the packaging machinery industry both in positive and negative ways. Packaging sectors compared to other industries have witnessed significant benefits due to the ongoing pandemic. With imposed restrictions across countries worldwide, consumers started stocking up necessary supplies, including food, sanitizers, beverages, pharmaceutical products, dairy products, and others. Due to excessive purchases, the demand for these products raised exponentially, thereby developing a high demand for packaging machines.
- The US, Canada, India, and China hold significant positions in the global market along with emerging countries such as Mexico and Brazil are expected to reflect immense growth.
- The advent of digital labeling is expected to revolutionize the packaging machinery market during the forecast period.
- The form-fill-seal machines segment is projected to experience high demand from manufacturers.
- An increase in automation, the popularity of flexible packaging, and the introduction of robotics in the packaging industry are expected to bring radical changes in the market.
- The U.S. packaging machinery market is expected to reach close to $13 billion by 2025 due to the increased shipment from the food, beverages, and cosmetics sectors.
GLOBAL PACKAGING MACHINERY MARKET SEGMENTATION
This research report includes a detailed segmentation by
INSIGHTS BY PRODUCT
Filling and dosing machines are the highest revenue generators for the packaging machinery market. Although there are few factors acting as hindrances, the demand for dosing and filling machines is growing in the future due to the strong growth drivers. As the preference among customers is shifting toward quality and relatable products, the demand for innovative labeling machines is increasing. Moreover, the market growth of labeling machines is enabled due to several FDA regulations, which demand end-user companies to appropriately label their products.
With the continuously growing and highly established beverages industry, coupled with increasing demand for small-sized packages/bottles, which are convenient, it has been estimated that demand for bottling line machinery will grow at a steady rate during the forecast period.
The form-fill-seal (FFS) machinery segment is expected to grow at a CAGR of 4% during the forecast period. VFFS machine types hold the highest share of FFS machines market, however, HFFS machines are gaining popularity among manufacturers. Moreover, there are many manufacturers that are competing in the FFS packaging machines market on the basis of price, innovation, and distribution network.
With the advent of recent trends such as robotic cartoning, hygienic cartoning, pick-and-pace cartoner, the demand for cartoning machines is expected to increase at a steady rate. However, there are also few challenges associated with the growth of cartoning machines. Factors such as increasing machine and rising input costs could hinder the growth of cartoning machines.
Europe, APAC, and North America account for the highest shares of the palletizing machines sector. Emerging countries such as India are expected to display a strong demand growth for palletizing machines. The presence of high-populated countries in Asia is expected to boost the demand for F&B as well as pharmaceutical industries, which is expected to increase the use of palletizing machines during the forecast period.
INSIGHTS BY END-USERS
The F&B industry comprised the highest share of the packaging machinery market and is expected to dominate the market at a rapid pace. The increasing demand from consumers for packaged F&B items due to rapid urbanization and increasing disposable incomes, especially in developing economies, is boosting the usage of packaging machinery. The demand and consumption of packaged food are set to increase in emerging economies on account of the growth in the population and high per-capita consumption. These factors signify the demand for packaging machinery from the F&B industry is expected to be higher in emerging countries than in developed countries. The pharmaceutical industry is anticipated to make a significant contribution to the global market. Moreover, the increase in contract manufacturing of pharmaceutical products and the introduction of several new regulatory standards on the packaging solutions are driving the segment growth.
The chemical industry is expected to continuously grow in the future. The demand for chemicals in China and other emerging countries is expected to be high. With the constant growth in the chemical industry, the demand for packaged chemical products will also increase. This in turn will boost the demand for chemical packaging machines during the forecast period. The demand for palletizing, bundling and wrapping machines is expected to witness significant growth in the cosmetics and personal care packaging machinery market. While there are several factors, which are boosting the demand for such products, there exist a few elements that could hinder the growth. COVID-19 has severely impacted the cosmetics industry. Due to the closure of salons and parlors, the demand for beauty and hair & care products has significantly declined. However, as the impact of the pandemic is gradually decreasing and lockdown restrictions from several areas are being lifted, the demand for cosmetics and personal care is likely to grow.
INSIGHTS BY GEOGRAPHY
The growth potential of the packaging machinery market lies in emerging economies such as APAC and MEA. In countries such as India and Mexico, the potential for growth is extremely high. It has been estimated that the packaging machinery market in India will witness the fastest growth at a CAGR of over 7%. South Korea, Australia, and Japan are expected to grow at a CAGR of over 6% during the period 2019–2025. The growing economy, improving middle-class incomes, and rising standards of people are changing customer behavior and preferences. Therefore, the demand for packaged goods is continuously increasing globally. This, in turn, is fueling the growth of the market globally and it has been estimated that the global market will further accelerate growth with a CAGR of 4.66%.
INSIGHTS BY VENDORS
CKD Corporation, Coesia S.p.A, GEA Group, Krones AG, and Salzgitter are the major vendors in the market. Packaging machinery manufacturers have established significant global reach and are still focusing on business expansions. Most vendors aim to expand their business in emerging countries such as APAC owing to the high potential of growth in demand. Vendors are focusing on adopting innovative technologies to promote their growth. Companies are strategizing to focus on the development of machines, which can support new packaging formats. In order to keep up with innovation and technological advancements, vendors are investing in R&D activities. In terms of business growth, vendors are focused on both organic as well as aggressive inorganic growth. Several companies are carrying out acquisitions and mergers to expand their business in the domestic market as well as globally. The increasing demand from F&B end-user industries is the major cause of revenue growth in several packaging machinery manufacturers. With the increasing adaption of innovation, automation, and technology, the market is expected to be highly competitive.
The packaging machinery market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
Segmentation by Product
- Industrial and Agricultural Chemicals
- Personal Care, Toiletries, and Cosmetics
- Filling & Dosing
- Labeling & Coding
- Form-Fill-Seal (FFS)
- Wrapping & Bundling
- North America
- South Korea
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa