Home Finance specialist Packaging Machinery Market to Reach $66.14 Billion by 2030: Grand View Research, Inc.

Packaging Machinery Market to Reach $66.14 Billion by 2030: Grand View Research, Inc.

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SAN FRANCISCO, November 9, 2022 /PRNewswire/ — The global packaging machinery market size is expected to reach $66.14 billion by 2030, according to a new report from Grand View Research, Inc, expanding at a CAGR of 4.6% over the forecast period. A significant increase in the demand for ready-to-eat food products is driving the growth of the industry. Ready meals include all types of packaged food products. The demand for packaged food comes primarily from Millennials and Gen Z customers who are more inclined towards ease and convenience. The growth of the sector is also attributed to the increasing need for differentiation in retail stores, as customers demand greater product diversity and a wider product range.

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Key industry insights and findings from the report:

  • The form-fill-seal segment is expected to register the fastest CAGR during the forecast period. Many companies prefer to use FFS systems because they provide additional benefits, such as versatility and speed.

  • The need to stock a variety of clinical products has led to a high demand for cartoning machines in the healthcare sector, which is expected to generate profitable growth opportunities for this industry.

  • The food end-use segment held the largest share of revenue in 2021 due to increased demand for packaged food products brought on by improved living standards, rising disposable income and a growing population of the class. mean.

  • Asia Pacific is estimated to be the largest and fastest growing regional market owing to the growing need for highly integrated and automated equipment and favorable packaging and labeling laws in the region.

  • In September 2020Krones AG, in partnership with Innocent (Fresh Trading Ltd.), has built a new CO2-neutral bottling plant in the port of rotterdam. Innocent has invested approx. $250 million in the bottling plant.

Read the full 152-page market research report, “Packaging Machinery Market Size, Share and Trend Analysis Report by Machine Type (Filling, Labeling, Form-Fill-Seal) , by end use (pharmaceuticals, food, beverages), by region (APAC, Europe), And Segment Forecasts, 2022 – 2030″, published by Grand View Research.

Packaging Machinery Market Growth and Trends

Packaging differentiation grabs the customer’s attention by using unique sizes, shapes and materials. This subsequently leads to a growing inclination of manufacturers towards unique packaging styles and drives product growth. Packaging equipment is used in the pharmaceutical industry to package drugs and drugs in a safe environment. The pharmaceutical industry has witnessed significant growth over the past decade due to increased demand for drugs in BRICS and MIST countries. The development of new generic drugs and drugs has also fueled the growth of the pharmaceutical industry. The growth of the e-commerce industry across the globe, increasing internet penetration and number of e-commerce players, changing lifestyles and developments in logistics are facilitating the growth of online shopping .

Packaging equipment is needed throughout the stages of the e-commerce supply chain. Hence, an increase in the e-commerce industry is expected to propel the growth of the packaging equipment industry over the forecast period. The market experienced a setback during the COVID-19 pandemic. Due to supply chain disruption and lack of labor availability, product demand has been affected. A high number of COVID-19 cases around the world have affected consumer purchases at retail stores and convenience stores. Key companies are actively focusing on strategies, such as technological developments, joint ventures, mergers and acquisitions, to compete in the competitive industry. In February 2022, SIG Combibloc Group Ltd. acquired packaging company Scholle IPN. It enables SIG to offer sustainable, low-carbon packaging solutions for different types and sizes of products.

Packaging machinery market segmentation

Grand View Research has segmented the global packaging machinery market based on machine type, end-use, and region:

Packaging Machinery Market – Machine Type Outlook (Revenue, USD Billion, 2017 – 2030)

  • Filling

  • Labeling

  • Form-Fill-Seal

  • Cardboard

  • Packaging

  • Palletization

  • Bottling line

  • Others

Packaging Machinery Market – End-Use Outlook (Revenue, USD Billion, 2017 – 2030)

  • Beverages

  • Food

  • Chemical products

  • Personal care

  • Medications

  • Others

Packaging Machinery Market – Regional Outlook (Revenue, USD Billion, 2017 – 2030)

  • North America

  • Europe

  • Asia Pacific

  • Central & South America

  • Middle East & Africa

List of Packaging Machinery Market Key Players

  • Langley Holding plc

  • Maillis Group

  • Rovema GmbH

  • Douglas Machine Inc.

  • KHS Group

  • GIS

  • Tetra Laval International SA

  • Krones AG

  • IMA Industria Automatic Machines SpA

  • Syntegon Technology GmbH

  • ProMach

  • GEA Aktiengesellschaf Group

  • Sacmi

  • Coesia SpA

  • Duravant

Check out other related studies published by Grand View Research:

  • beverage carton packaging machine market – The Global Beverage Carton Packaging Machinery Market Size is Expected to Reach $1.5 billion by 2027, growing at a CAGR of 4.9%, according to a new report from Grand View Research, Inc. Growing awareness of the adverse environmental effects of plastic waste is expected to drive demand for environmentally friendly packaging materials, which will benefit the growth market.

  • food packaging equipment market – The global food packaging equipment market size is estimated to exceed $60.40 billion by 2025. It is expected to grow at a CAGR of 4.87% during the forecast period. Growing demand for convenient, packaged, processed and ready-to-eat food products is driving the packaging industry, especially in emerging regions like Asia Pacific. This factor should bode well for the growth of the market in the coming years.

  • paper packaging materials market – The global paper packaging materials market is expected to reach $391.17 billion by 2022, according to a new report from Grand View Research, Inc. Rapid development of fast food and frozen food industries, especially in emerging markets of Asia Pacific and Middle East & Africa is expected to remain a key driver for the global paper packaging materials market during the forecast period. Environmental concerns associated with plastic food and beverage packaging are also expected to accelerate the demand for paper packaging materials over the next seven years. Governments in various regions have implemented strict regulations. New technologies related to paper recycling and extensive R&D to develop superior products are expected to create new avenues for market players.

Browse Grand View Research results Food safety and processing industry Research reports.

About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

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