Pune, India, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The global packaging machinery market size is predicted to reach USD 52.83 billion by 2027, exhibiting a CAGR of 3.6% during the forecast period. The unceasing demand for packaged food, drugs, and other products will contribute effectively to the growth of the market, states Fortune Business Insights, in a report, titled “Packaging Machinery Market Size, Share & COVID-19 Impact Analysis, By Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Fill & Deal, Labelling, Decorating & Coding, Palletizing, Wrapping & Bundling and Others), By End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals and Others) and Regional Forecast, 2020-2027.” The market size stood at USD 40.08 billion in 2019.
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The Report Lists the Key Companies in the Packaging Machinery Market:
- Krones AG (Bavaria, Germany)
- Robert Bosch Packaging Technology GmbH (Baden-Württemberg, Germany)
- Coesia S.P.A. (Bologna, Italy)
- I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)
- Salzgitter AG (Salzgitter, Germany)
- BW Packaging Systems (Illinois, U.S.)
- Viking Masek Global Packaging (Wisconsin, U.S.)
- Nichrome Packaging Solutions (Maharashtra, India)
- Asian Packing Machinery Pvt. Ltd. (Haryana, India)
- Aagard Group, LLC (Minnesota, U.S.)
- MG America (New Jersey, U.S.)
- Mollers North America (Michigan, U.S.)
- Kalamazoo Packaging Systems (Michigan, U.S.)
- Frain Industries, Inc. (Illinois, U.S.)
- Sun Packaging Technologies, Inc. (Florida, U.S.)
- VELTEKO s.r.o. (Central Bohemian, Czech Republic)
- BLAŽEK (Central Bohemian, Czech Republic)
- The Adelphi Group of Companies (West Sussex, U.K.)
- Fuji Machinery Co., Ltd. (Aichi Prefecture, Japan)
- SAMPACK India Pvt. Ltd. (Tamilnadu, India)
- UnionPack International Co., Ltd. (Zhejiang, China)
The coronavirus incident has resulted in enormous damage to all the industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
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Report Scope and Segmentation:
| Report Coverage | Details |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 3.6 % |
| 2027 Value Projection | USD 52.83 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 40.08 Billion |
| Historical Data for | 2016 to 2018 |
| No. of Pages | 120 |
| Segments covered | By Machine Type, By End User , and By Region |
| Growth Drivers | Demand for Packaging in the Logistics & Transportation and Supply-chain Industry is Driving the Market |
| Lean Packaging Operation with the Implementation of Overall Equipment Effectiveness (OEE) technique is Augmenting the Market Growth | |
| Impact of COVID-19 to Boost the Market Owing to the Implementation of Strategic Plans to Improve Production | |
| Pitfalls & Challenges | High Production and Import Cost is Hampering the Market Growth |
The report on packaging machinery market encompasses:
- Wide-ranging study of the segments
- Prominent data about key players
- Evolving market trends
- Vital insights into the regions
- COVID-19 impact on the industry
Market Driver:
Heavy Demand from Transportation Industry to Amplify Growth
The rising demand for packaging in logistics and transportation can be a vital factor propelling the growth of the market. Various logistics and transportation companies require packaging machinery to wrap and bundle their goods and commodities before shipping. The surging logistics and transportation industry is expected to have a tremendous influence on the global market during the forecast period. Packaging enables the safety of products and consignment during transportation. Additionally, the flourishing E-commerce industry is expected to spur opportunities for the market in the foreseeable future.
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Rising Shift towards E-Commerce to Uplift Packaging Industry Amid COVID-19
The disruption in the supply chain of various sectors has also impacted the packaging industry. Manufacturers are limiting the workforce at manufacturing facilities due to the regulations imposed by the governments. However, the implementation of advanced techniques by OEMs to increase production capacity will augur well for the market. Similarly, the rising consumer inclination towards E-commerce due to the outbreak will significantly accelerate the revenue of the industry.
Regional Analysis:
Enormous Investments in Manufacturing Sector to Favor Market in Asia Pacific
The market in Asia Pacific stood at USD 13.34 billion and is expected to account for the highest share in the market owing to, the heavy investments in the manufacturing sector. The rising government support in countries such as India and China are expected to enable speedy expansion of the market. North America and Europe are expected to witness a steady growth rate during the forecast period due to the low adoption of packaging machinery in the regions.
Key Development:
February 2019: BLAŽEK announced the launch of a fully automated ‘AMS 10-05 manipulator’, an addition to packaging equipment product range. The high performing equipment is equipped with a FESTO drive and control system that ensures fast operation.
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Table of Content
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19 on Packaging Machinery Market
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Market Share Analysis and Matrix, 2019
- Key Packaging Machinery Market Insights and Analysis, By Segments
- Global Packaging Machinery Market Analysis, Insights and Forecast, 2016-2027
- By Machine Type (Value)
- Bottling line
- Cartoning
- Case Handling
- Closing
- Filling & Dosing
- Form, Fill & Deal
- Labelling, Decorating & Coding
- Palletizing
- Wrapping & Bundling
- Others (Inspection Machines, Specialty Machines, Etc.)
- By End User (Value)
- Food
- Beverages
- Pharmaceuticals
- Personal Care and Toiletries
- Household, Industrial and Agricultural Chemicals
- Others (Garments, stationary, electronics, tobacco, etc.)
- By Geography (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Machine Type (Value)
TOC Continued.
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