Wilmington, Delaware, Nov. 10, 2023 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global packaging machinery market garnered $43.52 billion in 2020, and is projected to hit $69.21 billion by 2030, registering a CAGR of 4.7% from 2021 to 2030. The report offers a comprehensive study focusing on factors including top segments, value chain, changing market trends, key investment pockets, regional scenario, and competitive landscape.
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The growth of the global packaging machinery market is driven by surge in usage of automation for packaging consumer goods, the development of innovative and energy-efficient packaging machinery, and rise in consumption of consumer goods. In addition, the growth in the e-commerce and retail industry creates lucrative opportunities in the coming years. However, strict government regulations and Eurozone economic uncertainty hamper the market growth.
The report provides a detailed segmentation of the global packaging machinery market based on business, type, end user, and region.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2020 - 2030 |
| Base Year | 2020 |
| Market Size in 2020 | $43,520.0 million |
| Market Size in 2032 | $69,218.0 million |
| CAGR | 4.7 % |
| No. of Pages in Report | 325 |
| Segments Covered | Product Type, Technology, End User, and Region |
| Drivers | rise in demand for packaged food & beverages fuels the packaging machinery market growth. |
| Increase in urbanization and e-retailing further drive the market for packaging machinery. | |
| End User | Food & Beverages Pharmaceuticals Chemicals Cosmetics |
| Type |
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On the basis of type, the filling machines segment held the highest market share in 2020, accounting for nearly two-fifths of the total share, and is projected to dominate during the forecast period. However, the cleaning and sterilizing machines segment is expected to show the fastest CAGR of 6.7% from 2021 to 2030.
On the basis of end user, the food and beverages segment contributed to the highest share in 2020, accounting for nearly two-thirds of the global packaging machinery market, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is anticipated to grow at the largest CAGR of 5.1% from 2021 to 2030.
On the basis of region, Asia-Pacific dominated with the highest market share in terms of revenue in 2020, accounting for more than one-third of the total market share, and is expected to continue its dominant share by 2030. Moreover, the same region is projected to witness the highest CAGR of 5.3% during the forecast period.
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Leading Players:
Leading players of the global packaging machinery market analyzed in the research include B&H Manufacturing Company, Inc., Coesia S.p.A., Langley Holdings plc, Aetna Group S.p.A., Barry-Wehmiller Companies, Inc., CKD Corporation, Fuji Machinery Co., Ltd., Duravant LLC, Robert Bosch GmbH, and The Adelphi Group of Companies.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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