Packaging Machinery Market Size, Share, Opportunities, And Trends By Machinery Type (Filling And Form Machinery, Labelling And Coding Machines, Wrapping Machines, Case Forming Machines, Conveyors, Others), By Technology (General Packaging, Modified Atmosphere Packaging, Vacuum Packaging), By End-User Industry (Food And Beverages, Pharmaceuticals And Healthcare, Consumer Electronics, Personal Care, Others), And By Geography - Forecasts From 2024 To 2029

The packaging machinery market is expected to grow at a CAGR of 3.29%, reaching a market size of US$ 56.218 billion in 2029 from US$44.83 billion in 2022.

Growing automation, demands for efficiency, and strict adherence to quality standards are reasons the packaging machinery market is increasing. Demand for environment-friendly packing materials has risen partly because consumer tastes are changing towards such products. On the other hand, one may argue that it has been necessitated by the need for safe packages to prevent spillage of food components on the way home after purchasing through online shops. Massive innovation and constant technical developments, like smart packaging, are some of the drivers that fuel the market. The abovementioned factors also expedite the growth and evolution of the packaging machinery industry. According to the International Trade Administration, in 2022, the production of packaging materials contributed 1.8 percent to Mexico's total GDP. The packing machinery sector has favourable prospects for American exporters due to its innovative technology and proximity. Additionally, according to the Packaging Machinery Manufacturers Institute (PMMI), Mexico purchases packaging equipment from the United States in the second-largest amount, after Germany and Italy.

Packaging Machinery Market Drivers:

• Growth in e-commerce to boost packaging machinery growth.

E-commerce growth has led to an increased need for packing machines. As internet retailers deal with more items than before, they must find smarter solutions for packaging them. Consequently, it made it possible to introduce more advanced automation technology to do away with any form of wastage, for example, by reducing the use of raw materials or any other components, lowering production expenses. Packaged products follow an upward pattern due to the increase in online buying. Thus, transportation safety requires having such equipment in place. The increase in e-commerce further raises the requirements for protective packaging. This then reflects on the demand for equipment to ensure safe transportation. Including different technologies, such as smart packaging features, is especially important as e-commerce industries develop further. The India Brand Equity Foundation estimates that the consumer digital economy in India will grow from US$ 537.5 billion in the year 2020 to US$ 1 trillion by 2030, riding on the back of high e-commerce and technology adoption rates. Besides this, the Indian e-commerce market has been growing aggressively in recent days.

Gross Merchandise Value on the Government e-marketplace touched an all-time high of USD 2011 billion in FY 2022–2023. Considering the estimated savings, GeM has facilitated savings of over INR 40,000 Cr since its inception.  As of March 2023, the number of telecom subscribers above 1172 million had been exceeded, while there were over 880 internet subscribers in India as per the performance indicators of Indian telecom services for January-March 2023 by TRAI. On top of that, cheap data bundles, which affect the cost of most products sold online, the rise in individuals with high incomes, and the proliferation of smartphones are some of the reasons leading to more rapid growth of e-retail than before. This, therefore, makes it an ideal point for e-commerce development in the country. It had more than 800 million users in India, besides 125.94 lakh UPI transactions in 2022, making this country the second biggest internet market globally.

Packaging Machinery Market Restraint:

• Strict government regulations

The majority of manufacturing industries use packaging machines. The food and beverage manufacturing sector uses most of it, followed by the pharmaceutical sector as the second-largest user. Based on an analysis of packaging machinery accidents investigated in the food and drink industry, the Health and Safety Executive (HSE) has concluded that injuries resulting from the use, maintenance, or clearing of blockages at packaging machines can be severe, even fatal (e.g., palletizers). Local laws protect against contamination during packaging and place a premium on product quality. These laws may prevent the market from expanding.

Packaging Machinery Market Geographical Outlook

Asia Pacific is projected to grow rapidly during the forecast period

The growth is due to the robust and steady development of the nation's macroeconomy. It is supported by various industrial adjustment and revitalization plans initiated by the state. The "Made in China 2025" plan, for instance, aims to close the divide with advanced global standards and strengthen China's growth-oriented power. This is by converting the nation from a production giant into a top-tier manufacturing power driven by breakthroughs and emphasizing quality over quantity. Downstream industries' accelerated growth, including consumer electronics and packaging machinery, has been one of the driving forces of this expansion. This is due to the stable demand for packaging machinery, which is constantly used for essential products such as food, beverages, cosmetics, and medicines.

Moreover, the National Bureau of Statistics foresees that the domestic packaging machinery industry in 2022’s operational earnings will amount to around 41 billion yuan. It is less unstable when compared with other categories partly because it has some connections with industries that always demand their products. The growth can be attributed to different running trends like urbanization, high incomes, and population growth, hence the rise in the packaging machinery sector, which is consistent with the impressive macroeconomic performance of China. In 2012, the gross domestic product was US$8.53 trillion, which increased to US$17.96 trillion in 2022.

Packaging Machinery Market Developments:

• In November 2023, ELITER Packaging Machinery presented its newly designed and enhanced automatic cartooning machine, featuring an open profile, multi-axis servo drive system, and stainless steel construction. Businesses needing easier packaging processes can benefit from a new kind of end-load carton packager known as “GRAN SONATA”. This small-sized dual-famed packing and medium-sized cartooning machine will appeal to the customers
• In September 2022, an innovative partnership between German machine manufacturer Heiber + Schröder and packaging and paper pioneer Mondi resulted in the development of a high-speed automated packing machine. This machine fulfils the necessities for process, efficiency, and safety to meet the requirements of eCommerce operation fulfilment. Meeting the parameters of dependability and efficiency, eComPack’s machine was developed for middle- to large-sized e-commerce enterprises. This machine is unique because its automated erection, filling, and closing procedures enable it to handle up to 500 packages per hour.

Key Market Segmentation:

Packaging machinery Market is segmented and analyzed as below:

• By Machinery Type
  • Filling and Form Machinery
  • Labelling and Coding Machines
  • Wrapping Machines
  • Case Forming Machines
  • Conveyors
  • Others
• By Technology
  • General Packaging
  • Modified Atmosphere Packaging
  • Vacuum Packaging
• By End-User Industry
  • • Food and Beverages
    • Pharmaceuticals and Healthcare
    • Consumer Electronics
    • Personal Care
    • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. PACKAGING MACHINERY MARKET BY MACHINERY TYPE

5.1. Introduction

5.2. Filling and Form Machinery

5.3. Labelling and Coding Machines

5.4. Wrapping Machines

5.5. Case Forming Machines

5.6. Conveyors

5.7. Others

6. PACKAGING MACHINERY MARKET BY TECHNOLOGY

6.1. Introduction

6.2. General Packaging

6.3. Modified Atmosphere Packaging

6.4. Vacuum Packaging

7. PACKAGING MACHINERY MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Food and Beverages

7.3. Pharmaceuticals and Healthcare

7.4. Consumer Electronics

7.5. Personal Care

7.6. Others

8. PACKAGING MACHINERY MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Machinery Type

8.2.2. By Technology

8.2.3. By End-User Industry

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Machinery Type

8.3.2. By Technology

8.3.3. By End-User Industry

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Machinery Type

8.4.2. By Technology

8.4.3. By End-User Industry

8.4.4. By Country

8.4.4.1. UK

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Machinery Type

8.5.2. By Technology

8.5.3. By End-User Industry

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Machinery Type

8.6.2. By Technology

8.6.3. By End-User Industry

8.6.4. By Country

8.6.4.1. Japan

8.6.4.2. China

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Indonesia

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. CVC Capital Partners (Syntegon Technology GmbH)

10.2. Massman Automation Designs, LLC (EDL Packaging Engineers)

10.3. MG Technologies ag (GEA Group)

10.4. Barry-Wehmiller

10.5. Krones AG

10.6. Ilapak International S.a.

10.7. Aetnagroup (OCME s.r.l.)

10.8. Tetra Laval

10.9. Signode Industrial Group (Crown Holdings)

10.10. Mondi

10.11. Fuji Machinery Co., Ltd

CVC Capital Partners (Syntegon Technology GmbH)

Massman Automation Designs, LLC (EDL Packaging Engineers)

MG Technologies ag (GEA Group)

Barry-Wehmiller

Krones AG

Ilapak International S.a.

Aetnagroup (OCME s.r.l.)

Tetra Laval

Signode Industrial Group (Crown Holdings)

Mondi

Fuji Machinery Co., Ltd