Packaging Equipment Market Size
Expected to grow at above 4% CAGR from 2021 to 2027, packaging equipment market size crossed USD 35 billion in 2020. Growing desire for automation in the packaging sector helps to explain the market expansion.
Manufacturers are concentrating on reducing packaging mistakes by including contemporary robotic solutions linked with artificial intelligence, machine learning, and advanced algorithms throughout the current conveyor belts. To replace the current packaging method, Cam Industrial & Remtech Systems is creating a custom-made autonomous packaging system. It reduces the need to count the samosas manually and manage closing bags, therefore improving department performance. The solution will help the business to raise its capacity for manufacturing so that it may serve a sizable clientele in the market.
The epidemic of the coronavirus has somewhat changed the world market. The unexpected spread of the virus has motivated government officials to enforce strict lockdown rules and social separation policies. Travel rules have changed customer focus to packaged foods and beverages for daily meals.
Furthermore, the virus's proliferation among manufacturing workers has caused labor scarcity problems for producers and factories, therefore influencing the output of packing operations. This element has pushed the use of sophisticated packaging tools to satisfy market needs. The rising acceptance will help packaging equipment development in next years.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Packaging Equipment Market Size in 2020 | USD 35 billion |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 4% |
| 2027 Value Projection | USD 50 billion |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 455 |
| Segments covered | Product, Application, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
|
Packaging Equipment Market Analysis
Thanks to technological developments in the product spectrum, the U.S. packing equipment market is predicted to increase by 4% lead by Players in the area, such Fuji Machinery Co., Ltd., Norden Machinery, and Krone AG, are stressing on improving their product offers to create a unique market positioning to serve a wide spectrum of customer base. This element has pushed businesses to introduce new machinery to boost the output of the packaging sector.
Thanks to increasing pharmaceutical sector exports, Germany's market is expected to increase at more than 5% CAGR until 2027. Strong national production capacity and technological developments help it to provide the goods to other nations including Argentina, Belarus, and Chile. Rising export of the good will drive need for packaging machinery in the nation to satisfy the market.
Rising e-commerce is expected to drive Asia Pacific packaging equipment market to reach a CAGR of over 6% between 2021 to 2027. Travel limitations and lockdown rules imposed by the COVID-19 epidemic changed the customer focus toward online platforms for shopping groceries, electronics, drugs, clothes, kitchen basics, and home essentials products. The National Investment Promotion & Facilitation Agency projects that by the end of 2021 the Indian e-commerce market will have gross merchandise value of roughly USD 55 billion.
Furthermore approved by the Indian government under the automated route in B2B e-commerce and the marketplace business model is 100% foreign direct investment (FDI). Growing assistance from authorities and consumer movement towards online buying platforms would help the packaging sector thrive to keep the supply-to- demand ratio intact.
Packaging Equipment Market Share
Key players operating in the market include
- Graphic Packaging Holding
- SIG Combibloc Group Ltd
- GEA Group
- I.M.A Group
- Salzgitter AG
- OPTIMA Packaging Group GmbH
- SACMI Imola SC
- FUJI MACHINERY Co., Ltd
- CKD Corporation
- Langley Holdings Plc
- Douglas Machine Inc
- Marchesini Group
- Syntegon Technology GmbH
- Barry-Wehmiller Group Inc.
Industry leaders are focusing on strengthening their market position through strategic acquisitions to cater to the growing market demand.
The packaging equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments
Market, By Product
- Fillers
- Liquid type
- Powder & granulated filling
- Bottle filling
- FFS
- Vertical
- Horizontal
- Capping
- Screw capping
- Vial coating
- ROPP cappers
- Others
- Labeling
- Wet glue
- Self-adhesives
- Rotary sticker
- Coding
- Wet ink system
- Inkjet system
- Laser system
- Hot stamp
- Thermal transfer
- Palletizing
- Others
Market, By Application
- Food & beverage
- Pharmaceutical
- Chemical
- Personal care
- Mechanical hardware & products
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- MEA
- GCC
- South Africa
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