Dec 2, 2022   SOURCE: BusinessWire

Packaging Machinery Market by Machine Type, End-use Industry, Technology and Region - Global Forecast to 2027 - ResearchAndMarkets.com

The "Packaging Machinery Market by Machine Type (Filling, Labeling, Form-Fill-Seal, Cartoning, Palletizing, Wrapping), End-use industry (Food, Pharmaceutical, Beverages, Chemical), Technology, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The packaging machinery market is projected to reach USD 56.7 Billion by 2027 from USD 46.4 Billion in 2022, at a CAGR of 4.1%.

By machine type, the filling machine is the largest market share for the packaging machinery market during the forecast period

Based on machine type, the packaging machinery market is segmented into the filling, labeling, form-fill-seal, cartoning, palletizing, wrapping, and other machines., the filling segment accounted for the largest share of the packaging machinery market. Filling machines are used to fill products into bags, pouches, or containers. Various filling machines are available for liquids, pastes, powders, or granular materials.

From manufacturing to shipment, packaging is one of the most important processes in any production unit. Earlier, packaging was often done manually; however, with the introduction of filling machines, packaging processes have become more streamlined and efficient. There are also integrated systems available in the market that can perform fill, pack, and case functions automatically.

By end-use industry, the food industry accounts for a larger share during the forecast period

Based on the end-use industry, the packaging machinery market is segmented into the chemical, pharmaceutical, food, beverage, and other industries. In 2021, the food industry accounted for the largest share of the packaging machinery market.

Asia Pacific accounts for the largest share by region in the packaging machinery market

The regions studied in this report include North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific is the largest market for packaging machinery. This market is also the fastest-growing regional segment. The Asia Pacific was the largest packaging machinery market in 2021.

Countries across the APAC are expected to experience significant demand for packaging machinery due to rapid economic development and government initiatives toward economic development. In addition, the growing population in these countries represents a strong customer base which leads to an increase in the packaging machinery market across this region.

Market Dynamics

Drivers

  • Rapidly Growing Generics and Biopharmaceutical Markets
  • Growing Need for Flexible and Integrated Packaging Machinery
  • Technological Advancements in Fill-Finish Manufacturing Processes

Restraints

  • Growing Preference for Refurbished Machinery

Opportunities

  • Increasing Pharmaceutical Manufacturing in Emerging Economies
  • Growing Demand for Automation in Food & Beverage Industry

Challenges

  • Growing Demand for Personalized and Precision Medicine
  • Maintaining Sterility in Fill-Finish Manufacturing Operations
  • Shorter Shelf Life of Dairy Products

Companies Mentioned

  • Aetna Group S.P.A
  • Barry-Wehmiller Group
  • Busch Machinery
  • Coeasia S.P.A
  • Douglas Machine Inc.
  • Duravant LLC
  • Gea Group Aktiengesellschaft
  • Gerhard Schubert
  • Jacob White Packaging
  • Khs Group
  • Langley Holdings plc
  • Marchesini Group
  • Mg America
  • Mg S.R.L.
  • Njm Packaging
  • Packaging Center Inc.
  • Pakmatic
  • R.A Jones Group
  • Sacmi
  • Sig Combibloc Group Ag
  • Syntegon Packaging Technology GmbH
  • Tetra Laval Group
  • The Maillis Group
  • Uhlmann Group
  • Visy

For more information about this report visit https://www.researchandmarkets.com/r/4qearj