Global Packaging Machinery Market Report 2023: Sector is Expected to Reach $62.4 Billion by 2030 at a CAGR of 5.4%
Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Packaging Machinery Market by Type, by Function, Automation, End-use and Geography - Global Forecasts to 2030" report has been added to ResearchAndMarkets.com's offering.
The global packaging machinery market is projected to reach $ 62.43 billion by 2030, at a CAGR of 5.4% from 2023 to 2030. Based on volume, the global packaging machinery market is projected to reach 13,603 thousand units by 2030, at a CAGR of 6.2% from 2023 to 2030.
Packaging machines are heavy-duty machines that are used to pack goods, items, and other various products. The machinery varies according to the functional requirement, such as filling and capping.
Also, it performs other business-critical tasks such as item coding, labeling, and handling across various industries such as food & beverage, healthcare & pharmaceuticals, and cosmetics & personal care. Moreover, several other tasks, such as filling, wrapping, and sealing, are also performed by packaging machinery to protect products from transportation and storage.
The growth of this market is driven by the increase in goods manufacturing across industries, favorable government regulations for product safety, and technological advancements in fill-finish manufacturing processes. However, high initial costs associated with installing packaging machinery and stringent regulations to limit plastic usage restrain the growth of the global packaging machinery market.
The rising foodborne diseases and increasing demand for processed and packaged products are expected to create growth opportunities for the players operating in this market. However, the lack of skilled operators is a major challenge for market growth.
Key Questions Answered in the Report:
Which are the high-growth market segments in terms of type, function, automation mode, end-use industry and geography?
What is the historical market size for packaging machinery across the globe?
What are the market forecasts and estimates for the period 2023-2030?
What are the major drivers, restraints, opportunities, and challenges in the global packaging machinery market?
Who are the major players in the market, and what are their market shares?
How is the competitive landscape for the global packaging machinery market?
What are the recent developments in the global packaging machinery market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global packaging machinery market, and how do they compete with other players?
Scope of the Report
Packaging Machinery Market, by Type
Carded Packaging Machines
Blister Packaging Machines
Clamshell Packaging Machines
Skin Packaging Machines
Horizontal Cartoning Machines
Vertical Cartoning Machines
Vertical Form-fill-seal Machines
Other Filling Machines
Ring Straddle Wrappers
Shrink Wrapping Machines
Bottle Packaging Machines
Other Packaging Machines
Packaging Machinery Market, by Function
Packaging Machinery Market, by Automation Mode
Automatic Packing Machines
Semi-automatic Packing Machines
Packaging Machinery Market, by End-use Industry
Food & Beverages
Nuts and Seeds
Meat, Poultry, and Seafood
Healthcare & Pharmaceuticals
Pills & Capsules
Medical Devices and Supplies
Medical Testing Kits
Apparel & Footwear
Other End-use Industries
Krones AG (Germany)
TETRA PAK INTERNATIONAL S.A. (Switzerland)
Adelphi Group of Companies (U.K.)
FUJI MACHINERY CO. Ltd. (Japan)
Syntegon Technology GmbH (Germany)
SIG Group AG (Switzerland)
Barry-Wehmiller Group Inc. (U.S.)
COESIA S.P.A. (Italy)
Marchesini Group S.p.A. (Italy)
KHS GmbH (Italy)
GEA Group Aktiengesellschaft (Germany)
MULTIVAC Sepp Haggenmuller SE & Co. KG (Germany)
OPTIMA Packaging Group GmbH (Germany)
ISHIDA CO. Ltd. (Japan)
Omori Machinery Co. Ltd. (Japan)
TNA Australia Pty Limited (Australia)
For more information about this report visit https://www.researchandmarkets.com/r/rqbqya
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