Packaging Machinery Global Market Report 2024

Key Growth Factors in the Packaging Machinery Market

The rising consumer demand for packaged food and beverages is a significant driver of growth in the packaging machinery industry. Increased convenience and changing lifestyles contribute to the surge in demand for processed food products, particularly in developing nations where busy lifestyles are prevalent. The ongoing impacts of the COVID-19 pandemic have further transformed consumer behaviors and preferences, leading to a marked shift towards packaged goods. For example, in November, a report from the International Trade Administration noted a substantial growth trajectory in the Mexican packaging machinery sector, which saw a rise from USD 710 million to USD 906 million attributed to a 25% increase in the demand for packaging and processing machinery. This exemplifies how the need for packaged food and beverages is fueling market expansion.

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E-Commerce: A Catalyst for Packaging Machinery Growth

The burgeoning e-commerce landscape is poised to significantly enhance the growth of the packaging machinery market. E-commerce entails the sale of goods and services via the internet, creating diverse packaging needs due to variations in product shapes and sizes. Notably, data from SellersCommerce indicates that by September, the global online shopping community is estimated to reach 2.77 billion individuals, with China and the U.S. leading in numbers. The prevalence of online retail is expected to climb from 20.1% to 22.6% in the coming years, further propelling the demand for packaging solutions tailored to e-commerce.

Leading Players in the Global Packaging Machinery Sector

The packaging machinery market is home to numerous influential corporations, including Aetna Group S.p.A., B&H Manufacturing Company Inc., Barry-Wehmiller Companies Inc., CKD Corporation, Coesia S.p.A., Bosch Packaging Technology (a part of Robert Bosch GmbH), Krones Group, Marchesini Group S.p.A., Berhalter AG, Fuji Machinery Co. Ltd., Great Pack Co. Ltd., Ishida Co. Ltd., Sanko Machinery Co. Ltd., Pro Mach Inc., Multivac Group, Tetra Laval International S.A., Robert Bosch GmbH, IMA Group S.p.A., Duravant LLC, Oystar Holding GmbH, Accraply Inc., KHS GmbH, Langley Holdings plc, PMI Cartoning Inc., Bradman Lake Group Ltd., ADCO Manufacturing, Schneider Packaging Equipment Co. Inc., Omori Machinery Co. Ltd., Rovema GmbH, Smurfit Kappa Group, and Hangzhou Youngsun Intelligent Equipment Co. Ltd.

Emerging Trends: Innovative Product Launches

Innovation remains at the forefront of the packaging machinery landscape, with companies prioritizing the launch of state-of-the-art machinery to satisfy the escalating demand for packaged products. In July, Cama Group unveiled a new top-loading packaging machine aimed at enhancing productivity while optimizing machinery space within multi-pack operations, thus streamlining workflow and ensuring accurate box packing before they proceed along the production line.

Automated Solutions: Revolutionizing Packaging Machinery

The industry's transition to automation signifies a transformative trend within the packaging machinery sector. For example, Ranpak Holdings Corp. recently introduced Cut it! EVO, an advanced automated solution that enhances packaging output, cuts operational costs, and promotes sustainability. This cutting-edge technology effectively integrates into standard packing operations, facilitating a seamless process for tasks such as product sorting, filling, sealing, and labeling.

Mergers and Acquisitions: ProMach and Reepack

In June, ProMach, a prominent US packaging machinery company, announced the acquisition of Reepack, aimed at bolstering its portfolio within the food packaging segment. The acquisition positions ProMach as a key player in the protein packaging automation arena. Reepack specializes in manufacturing a wide array of packaging machinery technologies catering to the food, medical, and consumer goods sectors.

Regional Insights on the Packaging Machinery Market

Asia-Pacific emerged as the largest region in the packaging machinery market last year, with significant contributions from various countries including Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, the USA, Italy, Spain, and Canada.

Defining the Packaging Machinery Market

The packaging machinery market encompasses the sales of various products including box cutters, safety knives, heat sealing machinery, shrink wrapping devices, industrial scales, packing dispensers, strapping equipment, and more. The market's value reflects the factory gate values, which account for the prices of goods sold directly by manufacturers.

Market Value Calculation and Metrics

The market value is determined by the revenue generated from the sale of goods and services across designated regions. This metric offers a comprehensive view of the financial health of organizations within the market, excluding revenues from resale along the supply chain.

Market Assessment and Strategic Insights

This comprehensive study delivers valuable insights into the packaging machinery sector, detailing market sizes, regional shares, key players, and emerging trends. Such information is essential for stakeholders aiming to navigate and succeed in the evolving packaging machinery landscape.

Pune, Aug. 12, (GLOBE NEWSWIRE) -- Packaging Machinery Market Analysis:

According to SNS Insider Research, The Packaging Machinery Market size was valued at USD 46.2 Billion in 2023 and is now anticipated to grow to USD 73.09 Billion by 2024, displaying a compound annual growth rate (CAGR) of 5.23%.

Technology Advancements and Market Dynamics

The trajectory of growth is significantly influenced by technological advancement coupled with evolving consumer preferences. As millennials and Gen-Z consumers prioritize convenience, the demand for automated production systems and innovations in sustainability will continue to drive the market.

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Crucial Market Players

• Krones AG
• GEA Group
• M.A. Industria Macchine Automatiche S.p.A.
• Tetra Laval International S.A.
• ProMach
• Aktiengesellschaft
• Syntegon Technology GmbH
• Coesia S.p.A.
• Duravant
• Maillis Group
• Other Players

Packaging Machinery Market Report Scope:

Report Attributes Details

Market Size in 2023: US$ 46.2 Billion

Market Size by 2024: US$ 73.09 Billion

CAGR: 5.23% From 2023 to 2024

Base Year: 2023

Forecast Period: 2023-2024

Growth Drivers and Trends

Asia-Pacific Dominated Packaging Machinery Market with 36.24% Share in 2023.

The region's leadership in the market stems from rapid population growth and increased consumer purchasing power, closely tied to the rise of e-commerce and the corresponding demand for efficient packaging solutions.

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Key Segment Analyses

• By Technology
  • General Packaging
  • Modified Atmosphere Packaging
  • Vacuum Packaging
• By Type
  • Filling
  • Labeling
  • Form-Fill-Seal
  • Cartooning
  • Wrapping
  • Palletizing
  • Bottling Line
  • Others
• By End Use
  • Beverages
  • Food
  • Chemicals
  • Personal Care
  • Pharmaceuticals
  • Others

Future Outlook: Automation and Sustainability

The Packaging Machinery Market is set for considerable expansion as automated solutions and sustainable practices become imperatives in the industry. As online shopping continues to grow, companies will need to embrace cutting-edge packaging technologies to navigate heightened consumer expectations and market competitiveness.

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Key Takeaways

• Understanding innovations in automation and technology will provide significant advantages to stakeholders.
• Insight into current and future market trends aids in enhancing investment strategies.
• Knowledge of recent advancements energizes competitive positioning in the market.
• Diverse regional analyses identify growth opportunities in various markets.
• Market responsiveness to changes in consumer demand is critical for product adaptation.

Table of Contents

• Introduction
• Executive Summary
• Research Methodology
• Market Dynamics Impact Analysis
• Statistical Insights and Trends Reporting
• Competitive Landscape
• Packaging Machinery Market Segmentation, by Technology
• Packaging Machinery Market Segmentation, by Type
• Packaging Machinery Market Segmentation, by End User
• Regional Analysis
• Company Profiles
• Use Cases and Best Practices
• Conclusion

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About Us:

SNS Insider is a leading market research and consulting agency committed to providing clients with the most relevant and accurate market insights to navigate ever-changing dynamics. Our comprehensive methodologies include surveys, interviews, and focus groups globally to gather precise data.

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