DUBLIN--(BUSINESS WIRE)--The "Packaging Machinery Market by Type, Cartoning Machines, Palletizing Machines, Labelling Machines, Wrapping Machines, and Cleaning & Sterilizing Machines and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
According to this report the global packaging machinery market size was valued at $47.9 billion in 2019, and is projected to reach $70.5billion by 2027, registering a CAGR of 5.1% from 2020 to 2027.
Packaging machinery is the equipment used to package products or components. This machinery includes equipment that performs functions of forming, filling, sealing, wrapping, cleaning and packaging at different levels of automation. Packaging machinery also includes equipment that is used for sorting, counting, and accumulation functions. Packaging machines have advantages such as reducing labor costs associated and increasing the efficiency of the packaging process through the use of automation.
Factors such as the development of innovative and energy efficient packaging machinery and increasing usage of automation in the packaging industry drive the packaging machinery market growth. However, Eurozone economic uncertainty may hamper the packaging machinery market growth. Furthermore, the growth in e-commerce and retail industry offers lucrative growth opportunities for the market players.
The global packaging machinery market is segmented based on type, end-user, and region. Based on type, the packaging machinery market is segmented into filling machines, FFS (form, fill and seal) machines, cartoning machines, palletizing machines, labeling machines, wrapping machines, and cleaning & sterilizing machines. Filling machines have a wide range of applications such as filling fuels, bottles filling, powder filling, and others. This equipment is extensively used in cosmetics, pharmaceuticals, and food & beverage industries. Based on end-user industries, the global packaging machinery market is categorized into food & beverage, pharmaceuticals, chemicals, cosmetics, and others. Different types of packaging machinery are used in the food & beverage industry for various applications. Rinsing machines and bottle washers are commonly used packaging machines in the food and beverage industry. The rising demand for processed and packaged food and beverages is increasing the demand for processing and packaging machinery for the industry.
Geographically, the packaging machinery market has been analyzed across North America (U.S., Canada, and Mexico), Europe (Russia, Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key Benefits
- The report provides an extensive analysis of the current and emerging packaging machinery market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
- Extensive analysis of the packaging machinery market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global packaging machinery market forecast analysis from 2018 to 2026 is included in the report.
- The key market players within the packaging machinery market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the packaging machinery industry.
Key Findings
- The report provides an extensive analysis of the current and emerging packaging machinery market trends and dynamics.
- Depending on end-user, the food and beverages segment dominated the packaging machinery market, in terms of revenue in 2019, and cosmetics is projected to grow at a CAGR 6.5% during the forecast period.
- By type, the filling machines segment led the packaging machinery market in 2019.
- LAMEA is projected to register the highest growth rate in the coming years.
- The key players within the packaging machinery market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the packaging machinery industry.
- The report provides an extensive analysis of the packaging machinery market trends and emerging opportunities of the market.
- In-depth packaging machinery market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
- The global packaging machinery market forecast analysis from 2020 to 2027 is included in the report.
Market Dynamics
Drivers
- Development of innovative and energy efficient packaging machinery
- Increase in usage of automation in the packaging industry
- Rise in global consumption of consumer goods
- Increase in usage of vacuum packaging machines
Restraints
- Eurozone economic uncertainty
- Stringent government regulations
Opportunities
- Growth in e-commerce and retail industry
- Increase in usage of robots to increase efficiency in packaging
Companies Mentioned
- Aetna Group S.p.A.
- B&H Manufacturing Company Inc.
- Barry-Wehmiller Companies Inc.
- CKD Corporation
- Coesia S.p.A.
- Duravant LLC
- Fuji Machinery Co. Ltd.
- Langley Holdings
- PLC
- Robert Bosch GmbH
- The Adelphi Group of Companies
For more information about this report visit https://www.researchandmarkets.com/r/x57u2d
