Packaging Machinery Market Size, Share & Industry Analysis, By Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Fill & Deal, Labelling, Decorating & Coding, Palletizing, Wrapping & Bundling, and Others), By End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals and Others) and Regional Forecast, 2020-2032

The global packaging machinery market size was valued at USD 42.13 billion in 2019 and is projected to reach USD 70.23 billion by 2032, exhibiting a CAGR of 2.4% during the forecast period. Asia Pacific dominated the packaging machinery market with a share of 33.28% in 2019.

Packaging machinery is utilized to perform functions such as filling, case handling, packing, bottling, labeling, inspection and check weighing, wrapping, palletizing, and other related applications. It is primarily employed for the first step in the transportation process and the final step in the manufacturing process.

Lean packaging operation with the overall equipment effectiveness (OEE) technique is a growing trend in the market. With lean packaging operation, standardization of machinery becomes an easy task. It offers multiple advantages such as nations that can demand a lower purchasing price and activities with ease of troubleshooting and maintenance.

Realistically, the packaging industry is divided into three major categories including, packaging manufacturing, packaging services, and packaging machinery. Wherein, the market is expected to grow moderately owing to the purchasing rationalization and minimal timelines of the product.

Impact of COVID-19 to Boost the Market Owing to the Implementation of Strategic Plans to Improve Production

Although the COVID-19 outbreak has negatively impacted manufacturing businesses across the globe, the packaging industry has experienced low exposure to the crisis. Most of the packaging companies are fully functioning with higher capacity whereas some are still strategizing to improve production.

On the other side, key manufacturers are implementing plans to standardize machines with advanced techniques to increase market sales. Furthermore, manufacturing processes in most affected countries including, China, Northern Italy, Germany, U.S. are performing complete operations. Therefore, the COVID-19 outbreak is expected to be a contributor for the development of the global market.

LATEST TRENDS

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Lean Packaging Operation with the Implementation of Overall Equipment Effectiveness (OEE) technique is Augmenting the Market Growth

The prerequisite for integration of packaging machines and upstream manufacturing processes is resulting in developed automation techniques for the industry. Lean packaging operation controls the packaging process by implementing OEE technique. Nowadays, lean packaging operations are highly adopted owing to the increased demand for packaged foods, continuous production of medicines and drugs, and increasing spending on branded products. This, in turn, is boosting the manufacturing process. Additionally, E-commerce companies across India, Indonesia, China, U.S., etc. are implementing lean packaging operations, in turn, propelling market growth.

DRIVING FACTORS

Demand for Packaging in the Logistics & Transportation and Supply-chain Industry is Driving the Market

Several logistics and transportation companies necessitate packaging to wrap and bundle their goods and commodities. Therefore, the continuous growth in the logistics and transportation industry is expected to spur the demand for the packaging machinery, which in turn will boost the market growth in the near future. It is attributed to the increasing need for transportation of goods and products safely, from one place to another. Moreover, the E-commerce industry has grown tremendously over the past few years, which in turn is impacting the packaging machine market growth.

RESTRAINING FACTORS

High Production and Import Cost is Hampering the Market Growth

Prominent market players are emphasizing on integrated packaging machines with wrapping, automated labeling, or palletizing machines, thus making it more efficient by reducing the operation time. However, it increases the overall production cost. Small and medium companies find it difficult to buy these machines thus, negatively affecting the export business. Moreover, developing countries such as India, Argentina, face the issue of importing machinery due to the taxes imposed by custom duty, thereby hampering the global market.

SEGMENTATION

By Machine Type Analysis

Case Handling Sub-segment is Expected to Hold the Largest Market Share attributed to the Utilization of Case Handlers in Warehouses

Based on machine type, the market is classified into bottling line, cartoning, case handling, closing, filling & dosing, form, fill & deal, labeling, decorating & coding, palletizing, wrapping & bundling, and others which includes inspection machines, etc. Wherein, the case handling sub-segment is expected to hold the largest market share, owing to the usage of case handlers in carrying goods and products safely in warehouses and modes of transport.

Labeling and Filling & dosing and sub-segments are anticipated to hold the second and third highest market share simultaneously. Furthermore, other segments, such as form, fill & deal, labeling, decorating & coding, palletizing, wrapping & bundling, are expected to grow steadily in the coming future, owing to the constant demand from the end-use industries.

By End User Analysis

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Food and Beverages Sub-segments are Projected to Grasp the Largest Shares in the Market, owing to the Increasing Demand for Processed Food Products

The end-user segment is divided into food, beverages, pharmaceuticals, personal care and toiletries, household, industrial and agricultural chemicals, and others. Wherein, the food sub-segment is estimated to hold the largest market share owing to the increasing investments by government and private companies in building new warehouses to store the food products. Furthermore, the beverages sub-segment is expected to hold the second-highest market share. The remaining sub-segments are expected to hold approximately 40% of the global market share.

REGIONAL INSIGHTS

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The market for packaging machinery is segmented across North America, Europe, Asia Pacific, Middle-East and Africa, and Latin America.

Asia Pacific is projected to hold the largest packaging machinery market share, owing to the huge investments in the manufacturing sector from the developing countries. The governments of India and China are focused on investing in the manufacturing sector to attract domestic and international consumers.

The market in North America and Europe are estimated to grow steadily in the near future owing to the low adoption of new machinery among existing customers. The companies do not purchase new machines in a short period, as the lifespan of packaging machinery is around 8 – 12 years.

Additionally, huge investments in the logistics and transportation industry from the governments of several countries located in the Middle East and Africa is the primary factor that is affecting the growth of the market. For instance, Saudi Arabia's government launched a program, ‘Vision 2030’ that focuses on investing huge amounts into its infrastructural, industrial, and tourism sectors.

The market in Latin America is expected to grow moderately owing to the slow adoption of such machinery in the manufacturing industry. 

KEY INDUSTRY PLAYERS

• Prominent Players in the Market are Focused on Manufacturing Smart Machinery Prominent players such as Krones AG, Robert Bosch Packaging Technology GmbH, and Coesia S.P.A are focused on producing smart and innovative machinery, to provide enhanced services to their clients with optimum safety.


• Coesia S.P.A Emphasizes on Providing Integrated Solutions to Grab the Packaging Needs in every Business Sector Coesia S.P.A is offering innovation-based industrial and packaging solutions with automated industrial process solutions for Pharmaceutical, Aerospace, Tobacco packaging, Consumer Goods, and Electronics industrial applications.

List of Key Companies Profiled:

• Krones AG (Bavaria, Germany)


• Robert Bosch Packaging Technology GmbH (Baden-Württemberg, Germany)


• Coesia S.P.A. (Bologna, Italy)


• I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)


• Salzgitter AG (Salzgitter, Germany)


• BW Packaging Systems (Illinois, U.S.)


• Viking Masek Global Packaging (Wisconsin, U.S.)


• Nichrome Packaging Solutions (Maharashtra, India)


• Asian Packing Machinery Pvt. Ltd. (Haryana, India)


• Aagard Group, LLC (Minnesota, U.S.)


• MG America (New Jersey, U.S.)


• Mollers North America (Michigan, U.S.)


• Kalamazoo Packaging Systems (Michigan, U.S.)


• Frain Industries, Inc. (Illinois, U.S.)


• Sun Packaging Technologies, Inc. (Florida, U.S.)


• VELTEKO s.r.o. (Central Bohemian, Czech Republic)


• BLAŽEK (Central Bohemian, Czech Republic)


• The Adelphi Group of Companies (West Sussex, U.K.)


• Fuji Machinery Co., Ltd. (Aichi Prefecture, Japan)


• SAMPACK India Pvt. Ltd. (Tamilnadu, India)


• UnionPack International Co., Ltd. (Zhejiang, China)

KEY INDUSTRY DEVELOPMENTS:

• October 2019: Krones AG partnered with Stadler Anlagenbau GmbH to develop recycling technology, Which will help in the reduction and improvement of interfaces.


• August 2018: Robert Bosch GmbH launched a new automation solution for SMEs, which has a production capacity of up to 150 packages per minute. This machine is an entry-level Pack 102 horizontal flow wrapper using a Fanuc Scara robot.

REPORT COVERAGE

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The market research report presents a comprehensive assessment of the global market by offering valuable insights, facts, industry-related information, and historical data. Several methodologies and approaches are adopted to make meaningful assumptions and views. Furthermore, the report offers a detailed analysis and information as per market segments, packaging machinery industry trends helping our readers to get a comprehensive overview of the global market.

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