22-Oct-2019: The global packaging
machinery market size is projected to be valued at USD
65.18 billion by 2025, according to a new report by Grand View Research, Inc.
It is expected to expand at a CAGR of 5.2% during the forecast period.
Increasing total manufacturing output, especially in the developing industrial
economies of the world coupled with growing demand and booming e-commerce
industry is predicted to boost the market.
Growing demand from
several Consumer Packaged Goods (CPG) manufacturers globally for highly
sophisticated and efficient machinery at a competitive price is expected to
boost the global packaging machine market by 2025. Moreover, rising demand for
a wide variety of products as well as for different product sizes is expected
to further boost the growth.
Increasing R&D
investments by major players to manufacture machinery with overall equipment
effectiveness is predicted to fuel the packaging machine market growth over the
forecast timeframe. Growing demand for automation and machinery optimization by
end-users as well as continued demand for complete packaging lines and modular
machines is anticipated to encourage the market development in near future.
Food end-use
industry was worth USD 10.18 billion in 2018 and is expected to reach USD 13.90
billion over the forecast period. The food sector includes processed fruits and
vegetables, cereals, frozen food, chocolate, bakery products, snacks, and meat
among others. Pharmaceutical is anticipated to witness the fastest CAGR of 7.0%
over the forecast period. The pharmaceutical end-use sector includes various
drugs, capsules, tablets, lotions, ampoules, medical devices, and other pharma
and healthcare products.
In terms of machine
type, filling machine type segment was valued at USD 6.67 billion in 2018 and
is predicted to witness steady growth over the forecast period. In 2018,
form-fill-seal machine type segment accounted for 16.37% of the global
packaging machine market share. Growing popularity of flexible packaging
coupled with trend towards small portions and single serve packages as well as
changing consumer preferences is expected to foster the growth over the
forecast period.
In
depth research report on Packaging Machinery Market
Further key findings from the report suggest:
·
The U.S. packaging machine market revenue is projected to
register a CAGR of 9.2% over the forecast period. Several factors including
customer preferences towards convenience foods coupled with the rapidly
expanding e-commerce industry as well as various regulations with respect to
serialization and traceability are projected to drive the growth
·
Russia, in terms of revenue, was valued at USD 3.25 billion
and is projected to reach USD 4.35 billion over the forecast period. Its
efforts towards gradually increasing local production especially in the food
and pharmaceutical sector is likely to augment the regional demand
·
India is expected to reach USD 6.66 billion by 2025. In 2018,
the country was among one of the largest markets in the region owing to the
growing population, domestic consumption as well as huge investments taking
place especially in the food, pharmaceutical, and personal care industries
·
In September 2018, Robert Bosch Packaging Technology agreed
to form a partnership with ASPIRx Ltd. located in Ghana, to produce
pharmaceuticals. The role of Bosch Packaging Technology in this partnership was
to design and provide a multi-purpose system, which will manufacture and
package both solid and liquid pharmaceuticals
·
In February 2019, ProMach, Inc. acquired Code Tech
Corporation thus expanding its labeling and coding solutions portfolio
Grand View Research
has segmented the global packaging machine market on the basis of machine type,
end use, and region:
Packaging Machinery Machine Type Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Filling
·
Labeling
·
Form-Fill-Seal
·
Cartoning
·
Wrapping
·
Palletizing
·
Bottling Line
·
Others
Packaging Machinery End Use Outlook (Revenue, USD Billion,
2015 - 2025)
·
Beverage
·
Food
·
Chemicals
·
Personal Care
·
Pharmaceutical
·
Others
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About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
