Packaging Machinery Global Market Report 2024

Packaging Machinery Market Driver: Elevated Demand For Packaged Food And Beverages Fuels Packaging Machinery Market Growth

The increasing demand for packaged food and beverages is expected to propel the growth of the packaging machinery market going forward. The changing lifestyles of consumers have led to high demand for processed and convenience food and beverage products. In emerging countries, the expanding working population has a greater need for processed foods and higher consumption of convenience foods. Also, due to COVID-19, eating preferences, consumers' attitudes, behaviors, and purchasing habits have changed, leading to the adoption of packaged food and beverages. For instance, in November , according to a report published by the International Trade Administration, a U.S.-based government agency, the Mexican packaging machinery market demonstrated significant growth in , rising from USD 710 million in to USD 906 million, driven by a 25% increase in demand for packaging and processing machinery. Therefore, the increasing demand for packaged food and beverages is driving the growth of the packaging machinery market.

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Packaging Machinery Market Driver: E-Commerce Expansion Fuels Growth In The Packaging Machinery Market

The growing e-commerce industry is expected to boost the growth of the packaging machinery market going forward. E-commerce, refers to the buying and selling of goods and services over the internet or other electronic networks. E-commerce businesses deal with a wide range of product sizes and shapes, necessitating flexible and adaptable packaging machinery to accommodate these variations. For instance, in September , according to the statistics published by SellersCommerce, a US-based e-commerce company, the number of online shoppers will reach 2.77 billion by , with China leading at 915.1 million online shoppers and the US at 270.11 million in , where 20.1% of retail purchases will take place online, expected to rise to 22.6% by . Therefore, the growing e-commerce industry is driving the growth of the packaging machinery market.

Global Packaging Machinery Market Major Players

Major companies operating in the packaging machinery market include Aetna Group S.p.A., B&H Manufacturing Company Inc., Barry-Wehmiller Companies Inc., CKD Corporation, Coesia S.p.A., Bosch Packaging Technology (part of Robert Bosch GmbH), Krones Group, Marchesini Group S.p.A., Berhalter AG, Adelphi Group of Companies, Fuji Machinery Co. Ltd., Great Pack Co. Ltd., Ishida Co. Ltd., Sanko Machinery Co. Ltd., Pro Mach Inc., Multivac Group, Tetra Laval International S.A., Robert Bosch GmbH, IMA Group S.p.A., Duravant LLC, Oystar Holding GmbH, Accraply Inc., KHS GmbH, Langley Holdings plc, PMI Cartoning Inc., Bradman Lake Group Ltd., ADCO Manufacturing, Schneider Packaging Equipment Co. Inc., Omori Machinery Co. Ltd., Rovema GmbH, Smurfit Kappa Group, Hangzhou Youngsun Intelligent Equipment Co. Ltd.

Global Packaging Machinery Market Trend: Innovative Product Introductions Drive Advancements In Packaging Machinery

The introduction of new products has emerged as a key trend in packaging machinery. The demand for more packaged products is increasing in various fields, such as the food and beverage industry, resulting in more efficient and productive packaging machinery. Therefore, companies are launching newly enhanced products to meet the demand. For instance, In July , Cama Group, Italy-based packaging machines and lines providing company introduced a new top-loading packaging machine designed to enhance productivity and minimize the machinery footprint within the multipack sector. This innovative setup streamlines workflow and ensures that boxes are packed accurately before proceeding down the production line.

Global Packaging Machinery Market Trend: Innovative Automated Packaging Solutions Transform The Packaging Machinery Market

Major companies operating in the packaging machinery market are developing innovative products such as automated packaging solutions to meet larger customer bases, more sales, and increase revenue. An automated packaging solution refers to a comprehensive system or process in which packaging tasks, such as product sorting, filling, sealing, labeling, and palletizing, are executed with minimal human intervention. For instance, in September , Ranpak Holdings Corp., a US-based packaging machinery manufacturer, launched Cut&#;it! EVO. One of the standout attributes of this product is its capacity to significantly increase packaging output, lower operational expenses, and promote sustainability within customers' operations. Furthermore, this innovative solution effectively reduces the need for temporary labor and, on average, trims down the dimensional volume to be shipped by 25%. It seamlessly integrates into a standard end-of-line setup in a packing operation. Once the products are securely packed, Cut&#;it! EVO performs a series of tasks. It first identifies the carton's highest filling point, eliminating excess cardboard and neatly folding it to reduce the package's overall height. Subsequently, the system automatically affixes a glued lid to the box, preparing it for the subsequent stages of palletizing and shipping.

Packaging Machinery Market Merger And Acquisition: Promach Acquired Reepack

In June , ProMach, a US-based packaging machinery company announced the acquisition of Reepack, for an undisclosed amount. Through this deal, ProMach aims to expand its portfolio in the food packaging space and further strengthen its position as a supplier of protein-packaging automation. Reepack is an Italy-based company operating in manufacturing packaging machinery and provides a range of technologies, including thermoformers, vacuum chambers, flow wrappers and tray sealers, for medical and food products, in addition to consumer goods and industrial components.

Regional Outlook For The Global Packaging Machinery Market

Asia-Pacific was the largest region in the packaging machinery market in . The regions covered in the packaging machinery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the packaging machinery market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Packaging Machinery Market?

The packaging machinery market consists of sales of box cutters and safety knives, heat sealing and shrink wrapping, industrial scales, packing dispensers, tands and air pillows, packing tapes, dispensers, plastic strapping equipment, staple guns, steel banding, and others. Values in this market are &#;factory gate&#; values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Packaging Machinery Industry?

The packaging machinery market research report is one of a series of new reports from The Business Research Company that provides packaging machinery market statistics, including packaging machinery industry global market size, regional shares, competitors with an packaging machinery market share, detailed packaging machinery market segments, market trends and opportunities, and any further data you may need to thrive in the packaging machinery industry. This packaging machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.