Packaging Machinery Market Outlook -2030
The global packaging machinery market size was valued at $43,520.0 million in 2020, and is projected to reach $69,218.0 million by 2030, registering a CAGR of 4.7% from 2021 to 2030. Packaging machinery performs variety of functions that include canning; container cleaning, filling, and forming; bagging, packing, unpacking, bottling, sealing, and lidding; inspection and check weighing; wrapping, shrink film, and heat sealing; case forming, labeling, and encoding; palletizing and depalletizing; and related applications.
The packaging machinery market has witnessed increased adoption owing to factors such as rise in applications of packaging machinery in a wide range of industries across food & beverages, healthcare, cosmetics, and other consumer goods as well as a range of industrial sectors where packaging has become essential, with increase in the usage broadly in line with the global economy.
The demand for packaging machinery is largely driven by the increase in consumer goods demand, rise in adoption of automated packaging machines, and development of energy efficient machines. Modern automated packaging machines are used in different stages of packaging and ensure that the stages are completed in minutes rather than hours compared to the older versions. The other key factors driving the market for packaging machinery is the increase in demand for packaging robots from several end user industries. Packaging machines play a vital role in ensuring product safety throughout the supply chain.
Packaging machinery has been used in the e-commerce and retail sector over the years to gain an edge over the competition. The upsurge in demand for fast delivery and high consumer expectations have provided an impetus to e-retailers to make innovations in operation for timely order fulfillment and to remain competitive in the market. This provides a huge opportunity for the packaging machinery to witness rapid adoption in the e-commerce industry. Packaging automation solutions offered by Kiva Systems pick items from the shelf and handover the products to the human workers. As a result, the work efficiency increases by two to three times as compared to conventional methods. Therefore, e-commerce and retailing companies are now investing in integrating robotics to deal with high-volume and high-value orders.
The consumer goods sector includes a wide range of retail products purchased by consumers, from staples such as food and clothing to luxury items such as jewelry and electronics. In line with their busy lifestyles, consumers are seeking packaging that is easy to use and can be conveniently transported. Although the goods that consumers purchase vary under different economic conditions, the packaged consumer goods sector is estimated to be growing due to the rise in consumer expenditures. The consumer goods industry is highly fragmented where product differentiation and packaging plays a key role. With the growth in the consumer goods sector, the market for packaging machinery is also expected to grow.
Industry 4.0 and the Industrial Internet of Things (IoT) are reducing the total cost of ownership (TCO) for the packaging companies by making machinery easy to operate and maintain. Mass customization of this machinery is being done to enable automatic adoption of production to real-time demand.
Widespread adoption of Packaging Machine Language (PackML) and OPC Unified Architecture (OPC UA) is ensuring operational efficiency over the entire packaging line thereby boosting the overall equipment effectiveness (OEE). The packaging industry has been a forerunner in the adoption of innovative packaging machinery, which already operates according to these principles. Many of the filling and packaging lines are producing products with personalized packaging and customized containers.
Cleaning and Sterilising Machines segment is projected to grow at a significant CAGR
The market for packaging machinery is segmented on the basis of type, business, end user, and region. By type, the packaging machinery market is categorized into filling machines, form, fill and seal machines (FFS), cartoning machines, palletizing machines, labeling machines, wrapping machines, and cleaning & sterilizing machines. Filling machines have a wide range of applications such as filling fuels, bottles filling, powder filling, and others. This equipment is extensively used in cosmetics, pharmaceuticals, and food & beverage industries. By business, the global packaging machinery market is categorized into OEM, and aftermarket. By end user, the global packaging machinery market is categorized into food & beverage, pharmaceuticals, chemicals, cosmetics, and others. Different types of packaging machinery are used in the food & beverage industry for various applications. Rinsing machines and bottle washers are commonly used packaging machines in the food & beverage industry. The rise in demand for packaged food & beverages fuels the packaging machinery market growth.
By region, the packaging machinery market has been analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). LAMEA is among the fastest growing regional markets for packaging machinery. Increase in personal disposable income in countries such as Argentina, Columbia, Nigeria, and others drives the demand for packaged goods in the region, which is increasing the requirement of packaging machinery. Increase in urbanization and e-retailing further drive the market for packaging machinery.
Food and Beverages segment holds dominant position in 2020
The key market players profiled in the packaging machinery market report include Aetna Group S.p.A., B&H Manufacturing Company, Inc., Barry-Wehmiller Companies, Inc., CKD Corporation, Coesia S.p.A., Duravant LLC, Fuji Machinery Co., Ltd., Langley Holdings plc, Robert Bosch GmbH, and The Adelphi Group of Companies.
The major players operating in the global packaging machinery market have adopted key strategies such as product launch and business expansion to strengthen their market outreach and sustain the stiff competition in the market. For instance, in August 2019, Syntegon Technology GmbH has developed a fully automated horizontal flow wrapper Pack 403 at Pack Expo 2019 in Las Vegas. It is designed with a Paloma pick-and-place robot for harsh environment use. Similarly, Robopac Ibérica, a subsidiary of Aetna group S.p.A has built a plant in Vinaros (Castellón) for the commercial and technical assistance activities to serve the strategic markets of Spain and Portugal.
Asia-Pacific holds a dominant position in 2019 and is expected to grow at a significant rate during the forecast period.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging packaging machinery market trends and dynamics.
- In-depth packaging machinery market analysis is conducted by constructing estimations for the key segments between 2020 and 2030.
- Extensive analysis of the packaging machinery market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global packaging machinery market forecast analysis from 2021 to 2030 is included in the report.
- The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the packaging machinery industry.
Global Packaging Machinery Market Segments
- Filling Machines
- Form, Fill and Seal (FFS) Machines
- Cartoning Machines
- Palletizing Machines
- Labelling Machines
- Wrapping Machines
- Cleaning & Sterilizing Machines
- Food and Beverages
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Aetna Group S.p.A.
- B&H Manufacturing Company, Inc.
- Barry-Wehmiller Companies, Inc.
- CKD Corporation
- Coesia S.p.A.
- Duravant LLC
- Fuji Machinery Co., Ltd.
- Langley Holdings plc
- Robert Bosch GmbH
- The Adelphi Group of Companies
Packaging Machinery Market Report Highlights
By END USER
Key Market Players
B&H Manufacturing Company, Inc., .Barry-Wehmiller Companies, Inc., Aetna Group S.p.A., Coesia S.p.A., CKD Corporation, Fuji Machinery Co., Ltd., Robert Bosch GmbH (Syntegon Technology GmbH), Duravant LLC, Langley Holdings PLC(Bradman Lake Group Ltd), The Adelphi Group of Companies
Over the years, Internet of Things (IoT) has significantly improved the operations of packaging machinery. Continuous development in sensor technology has enabled packaging machinery manufacturers and their end-users to get real-time data from individual sensors through a wide range of interfaces, resulting in operational improvements. Packaging machinery manufactures are developing smarter and more automated machines and lines with growing penetration of connectivity in all the end-user industries. The sensor data is communicated to control and monitor systems and these systems aggregate this information to create Big Data. This Big Data is used by operators, by plant personnel, and by other employees throughout the enterprise. Smart sensor information is used to reduce downtime, improve machine performance, and implement predictive maintenance programs. Smart sensor data is also used to ensure safety, improve product quality, and increase the output.
Another key development in the packaging industry is the increase in usage of robotic machinery. These robots provide end-of-line packaging solutions for food & beverage, pharmaceutical, personal care, plastics, and paper industries. These robots are being embedded with advanced sensing and software that enable them to handle different product variations. These systems also provide reliable output with fewer breakdowns and with simpler and cost effective operations.