DUBLIN--(BUSINESS WIRE)--The "Packaging Machinery Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global packaging machinery market is expected to grow from $39.23 billion in 2021 to $40.99 billion in 2022 at a compound annual growth rate (CAGR) of 4.49%. The packaging machinery market is expected to reach $50.70 billion in 2026 at a compound annual growth rate (CAGR) of 5.45%.
Asia-Pacific was the largest region in the packaging machinery market in 2021. The regions covered in the packaging machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing demand for packaged food and beverages will propel the growth of the packaging machinery market. The changing lifestyles of consumers have led to high demand for processed and convenience food and beverage products. In emerging countries, the expanding working population has a greater need for processed foods and higher consumption of convenience foods. Also, due to COVID-19, eating preferences, consumers' attitudes, behaviors, and purchasing habits have changed, leading to the adoption of packaged food and beverages.
For instance, in July 2021, according to Bizom data, an end-to-end CPG sales and distribution analytics platform showed the demand for packaged food sales grew by 95% year on year, led by ready-to-eat products and soaring out-of-home consumption. Therefore, increasing demand for packaged food and beverages is driving the growth of packaging machinery.
The introduction of new products has emerged as a key trend in packaging machinery. The demand for more packaged products is increasing in various fields, such as the food and beverage industry, resulting in more efficient and productive packaging machinery. Therefore, companies are launching newly enhanced products to meet the demand.
For instance, in June 2021, Syntegon, a machine industry company, introduced a new pick-and-place platform for product handling, feeding, and loading using a strong combination of industrial competence, control, and robotics technology. With this Syntegon RPP, the firm establishes a new benchmark in packing line automation.
In June 2022, ProMach, a US-based packaging machinery company announced the acquisition of Reepack, for an undisclosed amount. Through this deal, ProMach aims to expand its portfolio in the food packaging space and further strengthen its position as a supplier of protein-packaging automation. Reepack is an Italy-based company operating in manufacturing packaging machinery and provides a range of technologies, including thermoformers, vacuum chambers, flow wrappers and tray sealers, for medical and food products, in addition to consumer goods and industrial components.
Scope
Markets Covered:
1) By Machine Type: Filling; Labeling; Form-Fill-Seal; Cartoning; Wrapping; Palletizing; Bottling Line
2) By Technology: General Packaging; Modified Atmosphere Packaging; Vacuum Packaging
3) By Business: OEM; Aftermarket
4) By End-Use: Beverages; Food; Chemicals; Personal Care; Pharmaceuticals
Key Topics Covered:
1. Executive Summary
2. Packaging Machinery Market Characteristics
3. Packaging Machinery Market Trends And Strategies
4. Impact Of COVID-19 On Packaging Machinery
5. Packaging Machinery Market Size And Growth
6. Packaging Machinery Market Segmentation
7. Packaging Machinery Market Regional And Country Analysis
8. Asia-Pacific Packaging Machinery Market
9. China Packaging Machinery Market
10. India Packaging Machinery Market
11. Japan Packaging Machinery Market
12. Australia Packaging Machinery Market
13. Indonesia Packaging Machinery Market
14. South Korea Packaging Machinery Market
15. Western Europe Packaging Machinery Market
16. UK Packaging Machinery Market
17. Germany Packaging Machinery Market
18. France Packaging Machinery Market
19. Eastern Europe Packaging Machinery Market
20. Russia Packaging Machinery Market
21. North America Packaging Machinery Market
22. USA Packaging Machinery Market
23. South America Packaging Machinery Market
24. Brazil Packaging Machinery Market
25. Middle East Packaging Machinery Market
26. Africa Packaging Machinery Market
27. Packaging Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Packaging Machinery Market
29. Packaging Machinery Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Aetna Group S.p.A.
- B&H Manufacturing Company, Inc.
- Barry-Wehmiller Companies, Inc.
- CKD Corporation
- Coesia S.p.A.
For more information about this report visit https://www.researchandmarkets.com/r/53isc0
