With advancements in the packaging industry and ever increasing end-use industries such as food and beverages, healthcare, personal care and cosmetics among others, the packaging machinery industry has undergone radical changes over the years. The report on global packaging machinery market provides qualitative and quantitative analysis for the period of 2015 to 2023. According to the report the global packaging machinery market is projected to grow with a CAGR of 6.7% from 2017 to 2023.
Figure 1: Global Packaging Machinery Market by Value 2017 - 2023
The report identified that the packaging machinery market is driven by factors such as, growing demand for packaging machinery from various end-use industries, rising demand of consumer goods, and increased adoption of automated packaging machines across the globe. On the other hand, the restraining factors identified in the study include issues related to safety and hygiene of machine parts, focus on energy-efficient packaging machinery, and huge initial capital investment. Increasing sales of consumables and emergence of food and beverages industry in the Asia Pacific provide opportunity for major players in the emerging and developing economies.
The report segments the packaging machinery market on the basis of type, end-user and region. The market size of each segment has been provided in terms of value (USD). The market segments, by type include filling machines, FFS (form, fill and seal) machines, cartooning machines, palletizing machines, labeling machines, wrapping machines and cleaning & sterilizing machines. The market segments by end-user include food & beverage, pharmaceutical, chemicals, cosmetics and others (electronics, industrial).
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023.
Figure 2: Global Packaging Machinery Market by Region
Asia Pacific is the key consumer of the packaging machinery products in the global market. As of 2016, this region accounted for about 38% share in the global market. Europe along with North America accounted for over 55% share in the global market. High demand from countries such as Japan, India and China enhance the growth of the Asia-pacific packaging machinery market. Moreover, emerging economies across APAC region expected to be a factor for growth during forecast period.
The companies covered in the report include Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies, Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, and Harland Machine Systems Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of packaging machinery globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of packaging machinery. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the packaging machinery market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market strategies of the leading players.
This report will help manufacturers, suppliers and distributors of the packaging machinery market to understand the present and future trends in this market and formulate their strategies accordingly.
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