Packaging machinery is equipment used to package products or components. This machinery includes equipment that performs functions of forming, filling, sealing, wrapping, cleaning and packaging at different levels of automation. Packaging machinery also includes equipment that is used for sorting, counting, and accumulation functions. Packaging machines have advantages such as reducing labor costs associated and increasing the efficiency of the packaging process through the use of automation. The global packaging machinery market was valued at $39,647 million in 2016, growing at a CAGR of 6.7% to reach $62,063 million by 2023.
The global packaging machinery industry is segmented based on machine type, end-user industry, and geography. Based on type, the packaging machinery market is segmented into filling machines, FFS (form, fill and seal) machines, cartoning machines, palletizing machines, labeling machines, wrapping machines, and cleaning & sterilizing machines. Filling machines accounted for a dominant share of the market in 2016 and is expected to grow at a CAGR of 7.2% during the forecast period. Filling machines have a wide range of applications such as filling fuels, bottles filling, powder filling, and others. This equipment is extensively used in cosmetics, pharmaceuticals, and food & beverage industries. Based on end-user industries, the global packaging machinery market is categorized into food & beverage, pharmaceuticals, chemicals, cosmetics, and others. The food & beverage segment was the dominant end-user segment for packaging machinery accounting for 63.0% in 2016. Different types of packaging machinery are used in the food & beverage industry for various applications. Rinsing machines and bottle washers are commonly used packaging machines in the food and beverage industry. The rising demand for processed and packaged food and beverages is increasing the demand for processing and packaging machinery for the industry.
Geographically, the packaging machinery market has been analyzed across North America (U.S., Canada, and Mexico), Europe (Russia, Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Key companies profiled in the report include Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies, Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, and Harland Machine Systems Ltd.
Packaging Machinery Market Key Segments:
The global packaging machinery market is segmented on the basis of type, end-use industries, and geography.
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