The Packaging Machinery Market size was valued at USD 46.2 Billion in 2023 and is now anticipated to grow to USD 69.46 Billion by 2031, displaying a compound annual growth rate (CAGR) of 5.23% during the forecast Period (2024-2031).
The packaging machinery market is growing at a significant rate with a variety of factors. The key factor is the rising demand for convenient, packaged goods helping in creating the need for faster, more efficient machinery to meet production demands.
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The average volume per person is consuming around 11.1kg of packaged food is catering towards packaging industry growth. The rising e-commerce is creating demand for robust packaging solutions in ensuring products arrive safely. Also, rising automation is helping in reducing human intervention, minimizing errors, streamlined production & increased efficiency. Another driving factor is rising awareness towards sustainability & environmental concerns in order to find eco-friendly solutions thereby making packaging machinery specializing handling of recycled and biodegradable materials efficiently.
Drivers
Rapid increase in e-commerce activities is driving the growth of the market.
E-commerce is growing across the world by the rising internet connections and online retailers. So, this rising trend of e-commerce logistics is driving the market growth and in development of efficient packaging tools & is helping in adoption of packaging machineries there by supporting the growth. There has been a growth of 39% in e-commerce market which simultaneously helped in the packaging machinery market.
Rising demand for packaged products like pharmaceutical & cosmetics is driving the growth of the market.
Restraints
Rising preference towards refurbished machines is creating a restraint for the market growth.
Refurbished machines are options rather than procuring new machines where time and are of great importance. Procuring refurbished machines helps in saving up to 40–45% of cost associated with purchasing new machines thereby reducing capital expenditure required in order to set up a new production line is causing a restraint for the market growth.
Highly complex regulatory systems can be a restraint in adoption of packaging machines.
Opportunities
Integration of automation along with IIoT (Industrial Internet of Things) thus creating growth opportunities for innovations.
Rising consumer demand towards sustainable packaging is creating growth opportunities.
Challenges
Highly complex customization solutions can be challenging for manufacturer to cater to customers.
Supply chain disruptions can cause unavailability of materials thus challenging the market growth.
The Russia-Ukraine war has a huge impact on the packaging machinery market. The war has an all-out impact to over 300 companies including closure of packaging and production facilities in Ukraine and Russia. The martial law in Ukraine has caused to shut the operations of Karpatneftekhim which is the largest Petrochemical Plant of Ukraine has disrupted the supply of packaging material leading to price hike of products. There also has been a 22.75% hike in paper pulp prices & 32.58% hike in the price of aluminum. The Russia accounts for 6% of the total production of aluminum but the war has created disruption in the supply. Also, the war has made businesses hesitant in buying new machineries which is causing a dip in demand. But on the other side, the war has created demand for food security thereby increasing the demand for packaging solutions. Also, the affected supply chain has caused manufacturers to seek for alternative sources for raw materials required for packaging. The disruptions have created a rise in domestic production of components and Sustainable Plastic Packaging like recycling of materials can help in stabilizing demand in this war.
The economic slowdown has a huge impact on the packaging machinery market. Business faces financial problems because of budget constraints and investments for new equipment’s are put to halt. The consumer spending also reduces in the slowdown ultimately leading to decreased demand for packaged products leading to a decreased demand for packaging machines. The manufacturing sector shift their priority over core operations and become price sensitive and they even opt for much cheaper, less sophisticated machines for packaging for maintaining profit margins. But on the other side, manufacturers can cater to consumer specific demands which can be a game changing point. While e-commerce & pharmaceutical sector may not get affected and might continue to grow even in this slowdown.
By Technology
General Packaging
Modified Atmosphere Packaging
Vacuum Packaging
By Type
Filling
Form-Fill-Seal
Cartooning
Wrapping
Palletizing
Bottling Line
Others
The Form-Fill-Seal type is dominating the market with a share of around 35.4% of the total market. The dominance is because of all-in-one operation of formation of the packaging material, filling of the product, and as-well-as sealing. This type is highly efficient and widely used in the food and beverage sector. This type of machine is used for high-production manufacturing serve, pack, and shipping of edible goods. Thus, saving time and money due to speed and efficiency in sealing and vacuum sealing of products.
By End Use
Beverages
Food
Chemicals
Personal Care
Pharmaceuticals
Others
The Food End Use is dominating the market with a share of around 36% of the total market. The rising need for packaged food for convenience and the rising consumption of organic food products requiring specialized packaging solution. This is likely to further augmented the demand for packaging equipment. Moreover, automation & industry 4.0 is helping in improvement of productivity and provide safety without and human intervention.
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The Asia-Pacific region is dominating the market with a share of around 36% of the total market. The dominance is due to rapid growth of population and rising purchasing power of consumers across the region is creating the demand for packaged goods. Also, the rising e-commerce industry is helping in the growth of the market.
North America is the fastest growing region next to Asia-Pacific due to the increasing focus towards food safety quality standards.
Regional Outlook
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Krones AG, GEA Group, M.A. Industria Macchine Automatiche S.p.A., Tetra Laval International S.A., ProMach, Aktiengesellschaf, Syntegon Technology GmbH, Coesia S.p.A., Duravant and others.
Industria Macchine Automatiche S.p.A-Company Financial Analysis
In November 2023, ELITER Packaging Machinery launched GRAN SONATA its newly designed and enhanced automatic cartooning machine, featuring an open profile, multi-axis servo drive system, and stainless-steel construction offering a compact secondary and tertiary packaging automation option that can handle both large-sized cartooning and medium-sized case packing.
In May 2023, Barry-Wehmiller unveiled its new facility in Minnesota, US, to develop innovative packaging machinery.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 46.2 Billion |
| Market Size by 2031 | US$ 69.46 Billion |
| CAGR | CAGR of 5.23% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (General Packaging, Modified Atmosphere Packaging, Vacuum Packaging) • By Type (Filling, Labeling, Form-Fill-Seal, Cartooning, Wrapping, Palletizing, Bottling Line, Others) • By End Use (Beverages, Food, Chemicals, Personal Care, Pharmaceuticals, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Krones AG, GEA Group, M.A. Industria Macchine Automatiche S.p.A., Tetra Laval International S.A., ProMach, Aktiengesellschaf, Syntegon Technology GmbH, Coesia S.p.A., Duravant |
| Key Drivers | • Rapid increase in e-commerce activities is driving the growth of the market. • Rising demand for packaged products like pharmaceutical & cosmetics is driving the growth of the market. |
| Restraints | • Rising preference towards refurbished machines is creating a restraint for the market growth. • Highly complex regulatory systems can be a restraint in adoption of packaging machines. |
Ans: The Packaging Machinery Market is expected to grow at a CAGR of 5.23%.
Ans: Packaging Machinery Market size was USD 46.2 billion in 2023 and is expected to Reach USD 69.46 billion by 2031.
Ans: Rapid increase in e-commerce activities is driving the growth of the market.
Ans: Highly complex regulatory systems can be a restraint in adoption of packaging machines.
Ans: Asia-Pacific is expected to hold the largest market share in the Packaging Machinery market during the forecast period.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Packaging Machinery Market Segmentation, By Technology
9.1 Introduction
9.2 Trend Analysis
9.3 General Packaging
9.4 Modified Atmosphere Packaging
9.5 Vacuum Packaging
10. Packaging Machinery Market Segmentation, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Filling
10.4 Labeling
10.5 Form-Fill-Seal
10.6 Cartooning
10.7 Wrapping
10.8 Palletizing
10.9 Bottling Line
10.10 Others
11. Packaging Machinery Market Segmentation, By End Use
11.1 Introduction
11.2 Trend Analysis
11.3 Beverages
11.4 Food
11.5 Chemicals
11.6 Personal Care
11.7 Pharmaceuticals
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Packaging Machinery Market, By Country
12.2.3 North America Packaging Machinery Market, By Technology
12.2.4 North America Packaging Machinery Market, By Type
12.2.5 North America Packaging Machinery Market, By End Use
12.2.6 USA
12.2.6.1 USA Packaging Machinery Market, By Technology
12.2.6.2 USA Packaging Machinery Market, By Type
12.2.6.3 USA Packaging Machinery Market, By End Use
12.2.7 Canada
12.2.7.1 Canada Packaging Machinery Market, By Technology
12.2.7.2 Canada Packaging Machinery Market, By Type
12.2.7.3 Canada Packaging Machinery Market, By End Use
12.2.8 Mexico
12.2.8.1 Mexico Packaging Machinery Market, By Technology
12.2.8.2 Mexico Packaging Machinery Market, By Type
12.2.8.3 Mexico Packaging Machinery Market, By End Use
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Packaging Machinery Market, By Country
12.3.2.2 Eastern Europe Packaging Machinery Market, By Technology
12.3.2.3 Eastern Europe Packaging Machinery Market, By Type
12.3.2.4 Eastern Europe Packaging Machinery Market, By End Use
12.3.2.5 Poland
12.3.2.5.1 Poland Packaging Machinery Market, By Technology
12.3.2.5.2 Poland Packaging Machinery Market, By Type
12.3.2.5.3 Poland Packaging Machinery Market, By End Use
12.3.2.6 Romania
12.3.2.6.1 Romania Packaging Machinery Market, By Technology
12.3.2.6.2 Romania Packaging Machinery Market, By Type
12.3.2.6.4 Romania Packaging Machinery Market, By End Use
12.3.2.7 Hungary
12.3.2.7.1 Hungary Packaging Machinery Market, By Technology
12.3.2.7.2 Hungary Packaging Machinery Market, By Type
12.3.2.7.3 Hungary Packaging Machinery Market, By End Use
12.3.2.8 Turkey
12.3.2.8.1 Turkey Packaging Machinery Market, By Technology
12.3.2.8.2 Turkey Packaging Machinery Market, By Type
12.3.2.8.3 Turkey Packaging Machinery Market, By End Use
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Packaging Machinery Market, By Technology
12.3.2.9.2 Rest of Eastern Europe Packaging Machinery Market, By Type
12.3.2.9.3 Rest of Eastern Europe Packaging Machinery Market, By End Use
12.3.3 Western Europe
12.3.3.1 Western Europe Packaging Machinery Market, By Country
12.3.3.2 Western Europe Packaging Machinery Market, By Technology
12.3.3.3 Western Europe Packaging Machinery Market, By Type
12.3.3.4 Western Europe Packaging Machinery Market, By End Use
12.3.3.5 Germany
12.3.3.5.1 Germany Packaging Machinery Market, By Technology
12.3.3.5.2 Germany Packaging Machinery Market, By Type
12.3.3.5.3 Germany Packaging Machinery Market, By End Use
12.3.3.6 France
12.3.3.6.1 France Packaging Machinery Market, By Technology
12.3.3.6.2 France Packaging Machinery Market, By Type
12.3.3.6.3 France Packaging Machinery Market, By End Use
12.3.3.7 UK
12.3.3.7.1 UK Packaging Machinery Market, By Technology
12.3.3.7.2 UK Packaging Machinery Market, By Type
12.3.3.7.3 UK Packaging Machinery Market, By End Use
12.3.3.8 Italy
12.3.3.8.1 Italy Packaging Machinery Market, By Technology
12.3.3.8.2 Italy Packaging Machinery Market, By Type
12.3.3.8.3 Italy Packaging Machinery Market, By End Use
12.3.3.9 Spain
12.3.3.9.1 Spain Packaging Machinery Market, By Technology
12.3.3.9.2 Spain Packaging Machinery Market, By Type
12.3.3.9.3 Spain Packaging Machinery Market, By End Use
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Packaging Machinery Market, By Technology
12.3.3.10.2 Netherlands Packaging Machinery Market, By Type
12.3.3.10.3 Netherlands Packaging Machinery Market, By End Use
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Packaging Machinery Market, By Technology
12.3.3.11.2 Switzerland Packaging Machinery Market, By Type
12.3.3.11.3 Switzerland Packaging Machinery Market, By End Use
12.3.3.1.12 Austria
12.3.3.12.1 Austria Packaging Machinery Market, By Technology
12.3.3.12.2 Austria Packaging Machinery Market, By Type
12.3.3.12.3 Austria Packaging Machinery Market, By End Use
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Packaging Machinery Market, By Technology
12.3.3.13.2 Rest of Western Europe Packaging Machinery Market, By Type
12.3.3.13.3 Rest of Western Europe Packaging Machinery Market, By End Use
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Packaging Machinery Market, By Country
12.4.3 Asia-Pacific Packaging Machinery Market, By Technology
12.4.4 Asia-Pacific Packaging Machinery Market, By Type
12.4.5 Asia-Pacific Packaging Machinery Market, By End Use
12.4.6 China
12.4.6.1 China Packaging Machinery Market, By Technology
12.4.6.2 China Packaging Machinery Market, By Type
12.4.6.3 China Packaging Machinery Market, By End Use
12.4.7 India
12.4.7.1 India Packaging Machinery Market, By Technology
12.4.7.2 India Packaging Machinery Market, By Type
12.4.7.3 India Packaging Machinery Market, By End Use
12.4.8 Japan
12.4.8.1 Japan Packaging Machinery Market, By Technology
12.4.8.2 Japan Packaging Machinery Market, By Type
12.4.8.3 Japan Packaging Machinery Market, By End Use
12.4.9 South Korea
12.4.9.1 South Korea Packaging Machinery Market, By Technology
12.4.9.2 South Korea Packaging Machinery Market, By Type
12.4.9.3 South Korea Packaging Machinery Market, By End Use
12.4.10 Vietnam
12.4.10.1 Vietnam Packaging Machinery Market, By Technology
12.4.10.2 Vietnam Packaging Machinery Market, By Type
12.4.10.3 Vietnam Packaging Machinery Market, By End Use
12.4.11 Singapore
12.4.11.1 Singapore Packaging Machinery Market, By Technology
12.4.11.2 Singapore Packaging Machinery Market, By Type
12.4.11.3 Singapore Packaging Machinery Market, By End Use
12.4.12 Australia
12.4.12.1 Australia Packaging Machinery Market, By Technology
12.4.12.2 Australia Packaging Machinery Market, By Type
12.4.12.3 Australia Packaging Machinery Market, By End Use
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Packaging Machinery Market, By Technology
12.4.13.2 Rest of Asia-Pacific Packaging Machinery Market, By Type
12.4.13.3 Rest of Asia-Pacific Packaging Machinery Market, By End Use
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Packaging Machinery Market, By Country
12.5.2.2 Middle East Packaging Machinery Market, By Technology
12.5.2.3 Middle East Packaging Machinery Market, By Type
12.5.2.4 Middle East Packaging Machinery Market, By End Use
12.5.2.5 UAE
12.5.2.5.1 UAE Packaging Machinery Market, By Technology
12.5.2.5.2 UAE Packaging Machinery Market, By Type
12.5.2.5.3 UAE Packaging Machinery Market, By End Use
12.5.2.6 Egypt
12.5.2.6.1 Egypt Packaging Machinery Market, By Technology
12.5.2.6.2 Egypt Packaging Machinery Market, By Type
12.5.2.6.3 Egypt Packaging Machinery Market, By End Use
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Packaging Machinery Market, By Technology
12.5.2.7.2 Saudi Arabia Packaging Machinery Market, By Type
12.5.2.7.3 Saudi Arabia Packaging Machinery Market, By End Use
12.5.2.8 Qatar
12.5.2.8.1 Qatar Packaging Machinery Market, By Technology
12.5.2.8.2 Qatar Packaging Machinery Market, By Type
12.5.2.8.3 Qatar Packaging Machinery Market, By End Use
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Packaging Machinery Market, By Technology
12.5.2.9.2 Rest of Middle East Packaging Machinery Market, By Type
12.5.2.9.3 Rest of Middle East Packaging Machinery Market, By End Use
12.5.3 Africa
12.5.3.1 Africa Packaging Machinery Market, By Country
12.5.3.2 Africa Packaging Machinery Market, By Technology
12.5.3.3 Africa Packaging Machinery Market, By Type
12.5.3.4 Africa Packaging Machinery Market, By End Use
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Packaging Machinery Market, By Technology
12.5.3.5.2 Nigeria Packaging Machinery Market, By Type
12.5.3.5.3 Nigeria Packaging Machinery Market, By End Use
12.5.3.6 South Africa
12.5.3.6.1 South Africa Packaging Machinery Market, By Technology
12.5.3.6.2 South Africa Packaging Machinery Market, By Type
12.5.3.6.3 South Africa Packaging Machinery Market, By End Use
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Packaging Machinery Market, By Technology
12.5.3.7.2 Rest of Africa Packaging Machinery Market, By Type
12.5.3.7.3 Rest of Africa Packaging Machinery Market, By End Use
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Packaging Machinery Market, By country
12.6.3 Latin America Packaging Machinery Market, By Technology
12.6.4 Latin America Packaging Machinery Market, By Type
12.6.5 Latin America Packaging Machinery Market, By End Use
12.6.6 Brazil
12.6.6.1 Brazil Packaging Machinery Market, By Technology
12.6.6.2 Brazil Packaging Machinery Market, By Type
12.6.6.3 Brazil Packaging Machinery Market, By End Use
12.6.7 Argentina
12.6.7.1 Argentina Packaging Machinery Market, By Technology
12.6.7.2 Argentina Packaging Machinery Market, By Type
12.6.7.3 Argentina Packaging Machinery Market, By End Use
12.6.8 Colombia
12.6.8.1 Colombia Packaging Machinery Market, By Technology
12.6.8.2 Colombia Packaging Machinery Market, By Type
12.6.8.3 Colombia Packaging Machinery Market, By End Use
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Packaging Machinery Market, By Technology
12.6.9.2 Rest of Latin America Packaging Machinery Market, By Type
12.6.9.3 Rest of Latin America Packaging Machinery Market, By End Use
13. Company Profiles
13.1 Krones AG
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 GEA Group
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 M.A. Industria Macchine Automatiche S.p.A.
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Toyota Industries Corporation
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Tetra Laval International S.A.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 ProMach
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Aktiengesellschaf
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Coesia S.p.A.
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9Syntegon Technology GmbH
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Duravant
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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