The global packaging machinery market size is projected to be valued at USD
65.18 billion by 2025, according to a new report by Grand View Research, Inc.
It is expected to expand at a CAGR of 5.2% during the forecast period.
Increasing total manufacturing output, especially in the developing industrial
economies of the world coupled with growing demand and booming e-commerce
industry is predicted to boost the market.
Growing demand from several Consumer
Packaged Goods (CPG) manufacturers globally for highly sophisticated and
efficient machinery at a competitive price is expected to boost the global
packaging machine market by 2025. Moreover, rising demand for a wide variety of
products as well as for different product sizes is expected to further boost
the growth.
Increasing R&D investments by major
players to manufacture machinery with overall equipment effectiveness is
predicted to fuel the packaging machine market growth over the forecast
timeframe. Growing demand for automation and machinery optimization by
end-users as well as continued demand for complete packaging lines and modular
machines is anticipated to encourage the market development in near future.
Food end-use industry was worth USD 10.18
billion in 2018 and is expected to reach USD 13.90 billion over the forecast
period. The food sector includes processed fruits and vegetables, cereals,
frozen food, chocolate, bakery products, snacks, and meat among others.
Pharmaceutical is anticipated to witness the fastest CAGR of 7.0% over the
forecast period. The pharmaceutical end-use sector includes various drugs,
capsules, tablets, lotions, ampoules, medical devices, and other pharma and
healthcare products.
In terms of machine type, filling machine
type segment was valued at USD 6.67 billion in 2018 and is predicted to witness
steady growth over the forecast period. In 2018, form-fill-seal machine type
segment accounted for 16.37% of the global packaging machine market share.
Growing popularity of flexible packaging coupled with trend towards small
portions and single serve packages as well as changing consumer preferences is
expected to foster the growth over the forecast period.
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https://www.grandviewresearch.com/industry-analysis/packaging-machinery-market
Further key findings from the report suggest:
· The U.S. packaging machine market revenue
is projected to register a CAGR of 9.2% over the forecast period. Several
factors including customer preferences towards convenience foods coupled with
the rapidly expanding e-commerce industry as well as various regulations with
respect to serialization and traceability are projected to drive the growth
· Russia, in terms of revenue, was valued at
USD 3.25 billion and is projected to reach USD 4.35 billion over the forecast
period. Its efforts towards gradually increasing local production especially in
the food and pharmaceutical sector is likely to augment the regional demand
· India is expected to reach USD 6.66 billion
by 2025. In 2018, the country was among one of the largest markets in the
region owing to the growing population, domestic consumption as well as huge
investments taking place especially in the food, pharmaceutical, and personal
care industries
· In September 2018, Robert Bosch Packaging
Technology agreed to form a partnership with ASPIRx Ltd. located in Ghana, to
produce pharmaceuticals. The role of Bosch Packaging Technology in this
partnership was to design and provide a multi-purpose system, which will
manufacture and package both solid and liquid pharmaceuticals
· In February 2019, ProMach, Inc. acquired
Code Tech Corporation thus expanding its labeling and coding solutions
portfolio
Grand View Research has segmented the
global packaging machine market on the basis of machine type, end use, and
region:
Packaging Machinery Machine Type Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Filling
·
Labeling
·
Form-Fill-Seal
·
Cartoning
·
Wrapping
·
Palletizing
·
Bottling Line
·
Others
Packaging Machinery End Use Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Beverage
·
Food
·
Chemicals
·
Personal Care
·
Pharmaceutical
·
Others
Packaging Machinery Regional Outlook
(Revenue, USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
