Global Packaging Equipment Market Segments 2024, Forecast To 2033
5 Mar, 2024
The packaging equipment market displayed strong growth, increasing from $42.1 billion in 2023 to $44.52 billion in 2024, achieving a 5.8% CAGR. Historic growth was influenced by a focus on efficiency, healthcare and pharmaceutical requirements, urbanization, advancements in smart packaging, and stringent regulations. The projected growth for 2028 foresees a market of $60.73 billion, sustaining robust growth with an 8.1% CAGR, attributed to cost-efficiency, healthcare and pharmaceutical growth, smart packaging, rapid urbanization, food safety and hygiene, and customization.
Global Packaging Equipment Market Key Driver
The packaging equipment market is experiencing growth due to the growing need for flexible and integrated machinery. In 2022, there was an 11.2% increase in domestic shipments of packaging machinery, reaching a total value of $10.5 billion. This underscores the demand for efficient packaging solutions in the supply chain.
Get A Free Sample Of The Global Packaging Equipment Market ReportGlobal Packaging Equipment Market Segments
The packaging equipment market covered in this report is segmented –
1) By Product: Fillers, Form Fill Seal, Lapping, Labelling, Coding, Bottling line
2) By Technology: General Packaging, Modified Atmosphere Packaging, Vacuum Packaging
3) By Application: Food & Beverage, Pharmaceuticals, Chemicals, Personal Care
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the packaging equipment market in 2023. The regions covered in the packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Packaging Equipment Industry Players
Barry-Wehmiller Companies Inc.; Coesia S.p.A.; Krones AG; Robert Bosch Packaging Technology GmbH; Douglas Machine Inc.; Dover Corporation; Illinois Tool Works Inc.; Amcor plc; Bemis Company Inc.; GEA Group AG; Graphic Packaging Holding Company; Duravant LLC; Sacmi Imola S.C.; Marchesini Group S.p.A.; Garvey Corporation; Accutek Packaging Equipment Companies Inc.; Adelphi Group Ltd.; Arpac LLC; Oystar Holding GmbH; Berhalter AG; Multivac Inc.; Nichrome India Ltd.; Cougar Packaging Solutions Inc.; Duravant LLC; Fuji Machinery Co. Ltd.; Omori Machinery Co. Ltd.; Harland Machine Systems Ltd.; IMA S.p.A.; Ishida Co. Ltd.; KHS GmbH; Kyana Packaging & Industrial Supply Inc.; Practical Packaging Solutions; R.A Jones & Co. Inc.
Get The Full Global Packaging Equipment Market Report
AIOps Packaging Equipment Market Overview
Packaging equipment offers producers and packers effective ways to package and safeguard goods for sale and transportation. Machines that are correctly calibrated and supported can reduce the number of packaging materials used and increase packing speeds.
Packaging Equipment Global Market Report 2023 provides data on the global packaging equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The packaging equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.