The global
packaging machinery market size is anticipated to reach USD 70532.6 million by 2027, growing at a CAGR of 5.1 percent from 2020 to 2027. Major factors driving the growth of this market include the rise in applications of packaging machinery in a wide range of industries across food & beverages, healthcare, cosmetics, and other consumer goods and a range of industrial sectors where the packaging has become highly essential, with its usage increasing broadly in line with the global economy.
The surge in demand for packaging machinery is driven by the rise in demand for consumer goods, increased adoption of automated packaging machines, and the development of energy-efficient machines as well. Modern automated packaging machines are used in different stages of packaging as these machines ensure that every stage in the process is completed in minutes rather than taking hours when compared to the older versions. The surge in demand for packaging robots from several end-user industries is one of the key factors fueling the growth of the packaging machinery market.
Canning, filling and forming, bagging, packing, unpacking, bottling, sealing and lidding, etc. are some of the types of functions performed by packaging machinery.
Packaging machines play a vital role in ensuring product safety throughout the supply chain processes. The wide range of applications and industries that use packaging machinery includes automotive, chemical and petrochemical industry, cosmetics industry, electronics, and semiconductor industry, food industry, garment sector, household products, pharmaceuticals, stationery products, etc.
The shift to online purchasing platforms
The global market for packaging machinery is divided based on the type, user, and region. Based on the type, the packaging machinery market is grouped into filling, form, fill and seal machines, cartooning machines, palletizing machines, labeling machines, wrapping machines, and cleaning and sterilizing machines. The filling machines have a wide range of applications. This includes filling fuels, bottle filling, powder filling, and many others.
Based on the end-user industries, this market is segmented into food and beverage, pharmaceuticals, chemicals, cosmetics, etc. Furthermore, different types of packaging machinery are used in the food and beverage industry for various applications. The Rinsing machines and bottle washers are the most commonly used packaging machines in this industry. The increase in demand for packaged food and beverages is also the major factor fueling the growth of the packaging machinery industry.
End users are interested in purchasing a more complete packaging line with included functions such as filling and closing, labeling, cartoning, and shrink wrapping from one source. The shift to online purchasing platforms by consumers is expected to drive demand for packaging machinery since there are many differences between retail and e-commerce packaging, including added touchpoints for e-commerce products as well as packaging and supply chain challenges.
