Pharmaceutical industry is the second largest contributor to the growth of the global packaging machinery market both in terms of demand as well as revenue.
According to the latest Arizton's market research report, the global packaging machinery market size to cross USD 64 billion by 2025, growing at a CAGR of 4% during the forecast period.
Global Packaging Machinery Market Growth
The pharmaceutical industry is the second largest contributor to the growth of the global packaging machinery market both in terms of demand as well as revenue. The pharmaceutical industry is boosting the growth of the global packaging machinery market in the forecast period. The increasing growth of the e-commerce industry will directly impact the global packaging industry by propelling the need for speedy printing, labeling, and packaging. The increasing adaptability of flexible packaging will contribute to the additional growth for packaging machinery which can handle packaging through flexible materials.
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Strong Demand for Labeling & Coding Machines
The increasing awareness and cautious behaviour of consumers in the global packaging machinery market, several brands are shifting towards providing innovative labelling and packaging solutions. The advent of digital labelling and several vital information such as certifications, nutrition labels, recipes, offers, promotional videos, and many more can be easily accessed through the web or mobile applications. Many beverage manufacturers are now using digital labeling with the aim of allowing consumers to access information about their products using the web or mobile applications. This signifies that beverage industry also contributes to the increasing demand for digital labeling. Moreover, increasing demand as well as the adoption of digital printing is increasing the demand for labeling machines which in turn, is boosting the demand for packaging machines.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by end-users, product type, and geography
- Competitive Landscape – 6 Key Company Profiles and 9 Other Prominent Vendors
Global Packaging Machinery – Geographic Analysis
APAC is the highest contributor to the global packaging machinery market in terms of revenue and is expected to lead the market in the forecast period. The shift towards automation and adaption of smart factories and technologies has boosted the production process of the global packaging machinery market in the region. India is a home to the highest number of millennials and youth population. Several factors such as increasing contract manufacturing and growing demand for generic medicines are driving the demand for packaging machinery from pharmaceutical industry. India and China are expected to boost the growth of packaging machinery market in APAC. Furthermore, the increasing disposable income of people, shifting focus towards education and employment is in turn, increasing the possibility for significant rise in demand for packaged food, dairy, and medicines.
The vendors in the global packaging machinery market are focused on adapting innovative technologies to promote their growth. Companies are strategizing to focus on development of machines which can support new packaging formats. To keep up with innovation and technological advancements, vendors are investing in R&D activities. 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 domestic market and globally. The global packaging machinery market also consists of a huge number of SMEs reflecting there is significant chance for new entrants. The increasing adoption of innovation, automation, and technologies in the global packaging machinery market is expected to intensify the competition.
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