The latest report by IMARC Group, titled “Packaging Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global packaging machinery market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global packaging machinery market reached a value of US$ 50.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.6 Billion by 2027, exhibiting at a CAGR of 4.4% during 2022-2027. Packaging machinery represents the devices that are used for packing various products and components. It includes numerous processes, such as fabrication, filling, sealing, combining, cleaning, labeling, palletizing, overwrapping, etc. Some of the most commonly available packaging machinery examples are accumulators, box-making machinery, bundling machinery, cartoning machinery, etc. These machines wrap flexible packaging materials, including plastic film, aluminum, paper, etc., offer tamper resistance, and ensure the safety of the enclosed products. Packaging machinery finds wide-ranging applications across several sectors, such as automotive, cosmetics, pharmaceutical, food and beverage (F&B), etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
Global Packaging Machinery Market Trends:
The expanding production outputs across industries are among the key factors driving the packaging machinery market. Besides this, the elevating utilization of these packaging solutions for enhancing the appearance of fast-moving consumer goods (FMCG), such as over-the-counter pharmaceuticals, cosmetics, processed food items, beverages, etc., is further catalyzing the market growth. Moreover, the shifting preferences among consumers towards lightweight, flexible, and easy-to-carry packages are augmenting the global market. In addition to this, the growing adoption of modular packaging machines, which quickly adapt to the changing packaging formats and incorporate several functions, such as filling, labeling, and closing, from a single source, is also stimulating the market growth. Furthermore, the development of machine variants with improved functionalities to maximize production speeds and the efficiency of the existing production facilities is anticipated to fuel the packaging machinery market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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