Packaging Machinery Market

Packaging Machinery Market Market
Research Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Packaging Machinery Market Market Research Report - Forecast to 2023
Global Packaging Machinery Market Information by Type (Form Fill Seal, Labelling & Coding, Closing &
Sealing, Wrapping & Bundling and others), by End–User (Food, Beverages, Pharmaceutical, Personal care,
and others) And Region - Forecast To 2023
The global Packaging Machinery Market is a very dynamic market and is expected to witness high growth over the forecast
period. The global Packaging Machinery Market is driven with the rising demand from various industries such as food,
beverages, pharmaceutical, personal care, and others. There has been a high dependency on the packaged ready to eat
products. This is backed by the increasing population, automation and increase in investments by packaging companies
which has led to the growth of the Packaging Machinery market. The increasing demand for packaging robots from several
end-user industries is also expected to drive the growth of market over the forecast period.
The packaging machinery is used for many functions such as container cleaning, filling, and forming, canning, sealing, and
lidding, bagging, packing, bottling, unpacking, wrapping, shrink film, and heat sealing, inspection and check weighing,
palletizing and depalletizing, case forming, labeling, encoding and many other applications.
The other factors contributing to the growth of the packaging machinery market are the increasing usage of automation in
packaging industry, increasing consumption of consumer goods, advancements in the technology of energy efficient
packaging machinery, the increasing use of vacuum packaging machines and the introduction of stringent government
regulations for promoting environmental friendly packaging. The global Packaging Machinery Market is projected to grow at
the CAGR of ~6%.
Packaging Machinery Market Market Research Report - Forecast to 2023
Packaging Machinery Market Market Research Report - Forecast to 2023
Segmentation And Regional Analysis
Based on end users the market has been segmented as Food, Beverages, Pharmaceutical, Personal care, and others.
Amongst all the end users, the food and beverage segment is expected to grow at the highest CAGR. Packaging is important
for the safety of the food products and it also plays an important role in the products marketing mix. Therefore, food and
beverages industry together are expected to contribute the highest to the growth of the packaging machinery market.
Of all regions, Asia Pacific region is expected to dominate the global Packaging Machinery Market. The growth of the market
can be attributed to the presence of a large number of food & beverage and personal care product manufacturers in the
region. The North America region is also expected to grow significantly in the global packaging machinery market owing to
the presence of large number of players in the market such as Bosch Packaging Technology, Dover Corporation, and
Nordson Corporation among others.
Key Players
The key players of global Packaging Machinery Market include Barry-Wehmiller (U.S.), Illinois Tool Works Inc. (U.S.), Krones
AG (Germany), Bosch Packaging Technology (U.S.), GEA Group AG (Germany), Automated Packaging Systems (U.S.), Dover
Corporation (U.S.), Graphic Packaging Holding (U.S.), Mamata Enterprises (India), MULTIVAC Group (U.S.), Nordson
Corporation (U.S.), Pro Mach, Inc. (U.S.), Sato Holdings Corporation (Japan), Tetra Level International (Switzerland), Reynolds
Group Holdings (New Zealand) among others.
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Packaging Machinery Market Market Research Report - Forecast to 2023
Industry News
Apr 2018 Kendall Packaging which is the company behind engineering the wrapping for common items such as candy and
wet wipes, recently inaugurated its new 60,000-square-foot addition to Northeast Regional Industrial Park located Pittsburg
operation. The Wisconsin-based firm had hosted the grand opening for the public and also offered plant tours upon
celebrating the completion. The $10 million project has more than doubled the size of its previous 35,000-square-foot
building, which delivers state-of-the-art machinery and will add about 18 jobs to the area. The growth has amplified the
company’s output competency by 60 percent. A large share of the investment went to fresh equipment, comprising of a
solventless laminator, 10-color printing press and a slitter.
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