Packaging Machinery Market (2023-2030)
The Packaging Machinery Market is projected to reach $62.43 billion by 2030, at a CAGR of 5.4% from 2023 to 2030. By volume, the global packaging machinery market is projected to reach 13,603 thousand units by 2030, at a CAGR of 6.2% from 2023 to 2030.
- Published
- Apr 2023
- Pages
- 545
- Format
- PDF + Excel
- Report ID
- MROTH - 104808
- Base year
- 2022
- 2030 · FORECAST
- $62.43B
- 2030
- $62.43B
- CAGR 2023–2030
- 5.4%
2022 baseline · 2023–2030 forecast at 5.4% CAGR · hover a bar for the value
Key highlights
The Shrink Wrapping Machines Segment is Projected to Register the Highest CAGR During the Forecast Period
The Multi-function Segment is Projected to Register the Highest CAGR During the Forecast Period
Asia-Pacific: Slated to Register the Highest CAGR During the Forecast Period
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 62.43 billion |
| CAGR (2023–2030) | 5.4% |
| Format | PDF, Excel & Cloud Portal · 545 pages |
| Segments Covered | By Type: Carded Packaging Machines Blister Packaging Machines, Clamshell Packaging Machines, Skin Packaging Machines, Horizontal Cartoning Machines, Vertical Cartoning Machines, Agitator Fillers, Flow Fillers, Vertical Form-fill-seal Machines, Other Filling Machines, Orbital Wrappers, Ring Straddle Wrappers, Straddle Wrappers, Turntable Wrappers · By Function: Single Function, Multi-function · By Automation Mode: Automatic Packing Machines, Semi-automatic Packing Machines · By End-use Industry: Food & Beverages Dairy, Beverages Alcoholic Beverages, Non-alcoholic Beverages, Chips, Nuts and Seeds, Other Snacks, Dietary Supplements, Functional foods, Medicine Pills & Capsules, Medical Devices and Supplies, Medical Testing Kits, Fertilizers, Seeds, Pesticides · By Automation: Automatic, Semi-automatic · By End-use: Food & Beverages, Healthcare & Pharmaceuticals |
| Countries Covered | Asia-Pacific (Japan, India, South Korea, Australia & New Zealand, Rest of Asia-Pacific), Europe (Germany, U.K., France, Italy, Spain, Denmark, Netherlands, Rest of Europe) |
| Key Companies | Krones AG, TETRA PAK INTERNATIONAL S.A., Adelphi Group of Companies (U.K.), FUJI MACHINERY CO., LTD., Syntegon Technology GmbH, SIG Group AG, Barry-Wehmiller Group, Inc. (U.S.), COESIA S.P.A, Marchesini Group S.p.A, KHS GmbH, GEA Group Aktiengesellschaft, MULTIVAC Sepp Haggenmüller SE & Co. KG, OPTIMA Packaging Group GmbH, ISHIDA CO., LTD., Omori Machinery Co., Ltd., TNA Australia Pty Limited |
Report overview
Segments covered: type, function, automation mode, end-use industry, automation, end-use. Regions: Asia-Pacific, Europe.
The growth of this market is driven by the increase in goods manufacturing across industries, favorable government regulations for product safety, and technological advancements in fill-finish manufacturing processes. However, high initial costs associated with installing packaging machinery and stringent regulations to limit plastic usage restrain the growth of the global packaging machinery market.
The rising foodborne diseases and increasing demand for processed and packaged products are expected to create growth opportunities for the players operating in this market. However, the lack of skilled operators is a major challenge for market growth.
Report infographic
Market dynamics
3 factors across 1 forceThe growth in foodborne illness has
been linked to improper food packaging. Human interventions during food packaging may degrade food quality due to contamination by human hair, sweat, and nails or the lack of proper hygiene. Several countries, including India, the U.S., and China, are witnessing an increased prevalence of foodborne illnesses. Each year, the consumption of unsafe food causes 600 million cases of foodborne diseases resulting in approximately 420,000 deaths. According to the Centers for Disease Control and Prevention, foodborne diseases account for an estimated 76 million cases, 350,000 hospitalizations, and 5,000 deaths in the U.S. every year. Around 30% of deaths due to foodborne illnesses occur among children under five years of age. The WHO African Region is estimated to have the highest burden of foodborne diseases by population. More than 91 million people are estimated to fall ill, with 137,000 deaths recorded each year. Diarrheal diseases account for more than 70% of the burden of foodborne diseases in the African region. Therefore, governments across the globe are implementing regulations and policies to ensure the safety of food meant for human consumption.
Government agencies around the globe are
undertaking initiatives to reduce the incidence of foodborne illnesses. In 2021, the U.S. FDA was focused on strengthening its ‘New Era of Smarter Food Safety’ strategy, continuing its expanded use of whole-genome sequencing, taking swift steps to combat outbreaks—particularly as more new food-risk factors were implicated, increasing its attention on the safety of imported food products (as well as restaurant and retail establishments), and better understanding the animal produce-risk connection. Also, in 2021, Phase 3 of the Safe Food for Canadians Regulations (SFCR) was to be implemented to bring a large number of sectors that were previously outside the regulations (baked goods, confections, snack foods, cereals, processed products) under the scope of licensing and preventive control programs. Such policies and regulations support the adoption of packaging machinery as it reduces the need for human interventions that may contaminate food or deteriorate food quality.
The global packaging machinery market is segmented by type,
function, automation mode, end-use industry and geography. The study also evaluates industry competitors and analyses the country and regional-level markets.
Table of contents
12 chapters · 145 sections · 545 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Type | — | Shrink wrapping machines |
| By Function | — | Multi-function |
| By Automation Mode | — | Automatic packing machines |
| By End-use Industry | — | Healthcare & pharmaceuticals |
By Type
- The shrink wrapping machines segment is projected to register the highest CAGR during the forecast period.
- The growth of this segment is attributed to growing exports and imports worldwide and the benefits of shrinking packaging.
- Shrink wrapping machines are commonly used for packaging various products, including food items such as meats, cheeses, and produce, as well as consumer goods such as electronics, toys, and books.
- Shrink wrapping machines can be a cost-effective solution for packaging products, as they require less material than other packaging methods, such as boxes or clamshell containers.
- This can help to reduce packaging costs over time.
By Function
- The multi-function segment is projected to register the highest CAGR during the forecast period due to the capabilities of machines to perform various tasks such as vertical form-filling-sealing, horizontal packing, bag placing, and rotary packing.
By Automation Mode
- The global packaging machinery market is segmented into automatic and semi-automatic packing machines.
- The automatic packing machines segment is projected to register the highest CAGR during the forecast period.
- One of the main advantages of automatic packing machines is that they can significantly reduce labor costs and improve efficiency in the packaging process.
- These machines are also known for their reliability and consistency in producing high-quality packaging.
By End-use Industry
- The healthcare & pharmaceuticals segment is projected to register the highest CAGR during the forecast period.
- The growth of this segment is attributed to the implementation of stringent regulations on product labeling and safety concerns.
- The use of packaging machinery in healthcare and pharmaceuticals is essential to maintaining the safety and efficacy of medical products.
- Manufacturers can also increase efficiency, reduce labor costs, and ensure consistency in the packaging of their products.
- Additionally, specialized packaging machinery in healthcare and pharmaceuticals can help meet regulatory requirements and maintain compliance with industry standards.
Geographic analysis
Asia-Pacific
Fastest growthAsia-Pacific is slated to register the highest CAGR during the forecast period. The market growth in Asia-Pacific is attributed to several factors, including governmental initiatives to promote the adoption of environmentally sustainable packaging, consistent advancements in packaging technology by industry leaders, and expansion in the food sector. Asia-Pacific: Slated to Register the Highest CAGR During the Forecast Period
Competitive landscape
- Krones AG · Germany
- TETRA PAK INTERNATIONAL S.A. · Switzerland
- Adelphi Group of Companies (U.K.)
- FUJI MACHINERY CO., LTD. · Japan
- Syntegon Technology GmbH · Germany
- SIG Group AG · Switzerland
- Barry-Wehmiller Group, Inc. (U.S.)
- COESIA S.P.A · Italy
- Marchesini Group S.p.A · Italy
- KHS GmbH · Italy
- GEA Group Aktiengesellschaft · Germany
- MULTIVAC Sepp Haggenmüller SE & Co. KG · Germany
- OPTIMA Packaging Group GmbH · Germany
- ISHIDA CO., LTD. · Japan
- Omori Machinery Co., Ltd. · Japan
- TNA Australia Pty Limited · Australia
Frequently asked questions
The Packaging Machinery Market consists of machinery used to package products, ensuring product safety and compliance with regulations. These machines serve various industries, including food & beverages, healthcare, personal care, consumer electronics, and more, performing tasks like filling, labeling, wrapping, sealing, and cartoning.
Cite this report
Meticulous Research. (2023). Packaging Machinery Market - Global Opportunity Analysis and Industry Forecasts (2023–2030) (Report No. MROTH - 104808). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/packaging-machinery-market-5492