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

NEW YORK, May 24, 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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Key Market Trends Fueling Growth

Packaging machinery markets witness significant growth as pneumatic technology integration enhances safety and functionality. Reliable, compact, and cost-effective, pneumatics powers high-speed movements in canning, container cleaning, bagging, unpacking, lidding, inspection, check weighing, shrink film, heat sealing, case forming, encoding, depalletizing, and packaging robots.

In the retail sector, pneumatics drives the operation of retail products filling machines, cartoning machines, labeling machines, and wrapping machines. The pharmaceutical industry, including biopharmaceuticals, benefits from pneumatic technology in therapy areas such as oncology, respiratory, anti-virals, autoimmune diseases, and immunosuppressants. Shelf-life and refurbished machines also leverage pneumatic technology for reliable performance. 

Market Challenges

• Packaging machinery manufacturers face the challenge of adhering to numerous regulations set by regulatory bodies and government agencies for their equipment to be used in packaging operations. Compliance with these standards, such as those established by the British Retail Consortium (BRC) and the Institute of Packaging (IOP), necessitates additional effort.
• This involves ensuring the quality and safety of packaging produced by the machinery meets the BRC/IOP Global Standards for Packaging and Packaging Materials. Key aspects include food labeling, automated labeling machines, aseptic fill-finish operations, sterility, hydrogen peroxide, cleanroom facilities, lyophilizing, and various packaging processes like forming, filling, sealing, wrapping, and cleaning. Additionally, machinery must comply with regulations for raw materials, case handling, packing, bottling, palletizing, and lean packaging operations.

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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 global packaging machinery market is significantly influenced by the food segment, which is anticipated to dominate during the forecast period. The surge in packaged food sales worldwide is driving the demand for packaging solutions. Factors such as evolving lifestyles and food habits are fueling the growth of the packaged food industry. Food manufacturers are opting for rigid packaging solutions that appeal to consumers and offer protection during transportation.

The demand for canned food products, known for their extended shelf-life, is another major factor propelling the food packaging segment. In the realm of food packaging machinery, various processes are crucial, including food labeling, automated labeling machines, aseptic fill-finish operations, sterility, and hydrogen peroxide treatment. Cleanroom facilities, lyophilizing, and labeling operations are also integral to the segment. Secondary packaging, general packaging, and sealing pressures are other essential aspects.

The market encompasses packaging machinery for various applications, such as bottling lines, cartoning, closing, filling & dosing, decorating & coding, wrapping & bundling, and inspection machines. Additionally, the market caters to household items, including potable water, juices, industrial grease, soaps, lotions, stews, soups, freezer gels, forming, filling, sealing, wrapping, cleaning, sorting, counting, and accumulating. Raw materials used in packaging machinery production are also a significant consideration. The market includes various machine types, such as palletizing machines, lean packaging operations, and inspection machines.

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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
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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